Check out the companies making headlines before the bell. Super Micro Computer, Deckers Outdoor — Shares of Super Micro Computer and Deckers Outdoor each drop 12% after S&P Dow Jones Indices announced Friday that both companies will be added to the S&P 500 later this month. and increased by 5%. The companies will replace Whirlpool and Zion Bancorp and will join the S&P MidCap 400 Index at the start of trading on March 18. Macy’s — Macy’s stock price soared nearly 17% after Arkhouse Management raised its offer to buy the department store chain from $21 to $24 a share, or about $6.6 billion. Apple — Apple fell about 1% after the European Commission imposed its $1.95 billion fine on the iPhone maker. The antitrust penalties alleged that the company abused its market position in music streaming app distribution by favoring its own products over competitors’ alternative products. Cryptocurrency stocks – Companies whose Bitcoin prices are tied to business performance rose in pre-market trading after the cryptocurrency hit yet another two-year high. Coinbase and MicroStrategy rose 6% and 8%, respectively. In the mining group, Marathon Digital and Iris Energy rose 6% each, Riot Platforms rose about 5% and Clean Spark rose 8%. DoorDash — Shares rose 2.8% after RBC upgraded its food delivery platform to outperform the sector. RBC said DoorDash could explore new partnerships for upgrades, particularly with Lyft. Spirit AeroSystems, Boeing — This aircraft maker’s stock rose nearly 3% on his. The companies reported Friday that Boeing is in talks to buy Spirit AeroSystems following quality issues affecting its 737 Max jet. Boeing spun off as Spirit Aero Systems in 2005. Lyft — ride-sharing stocks received an upgrade, soaring 6% and outperforming RBC Corp. As a catalyst, the bank highlighted confidence in Lyft’s 2024 EBITDA estimate, food delivery opportunity and Lyft’s position in a “stable duopoly” (Kyvana Therapeutics) — Morgan Stanley Coverage with Overweight Rating Biopharmaceutical stocks soared more than 4% after the launch. Cell therapy for autoimmune diseases. Ferrari — The luxury automaker’s stock fell 2% following Citi’s downgrade from neutral to sell. Ferrari shares are trading well above Citi’s price target, leading to valuation concerns for the bank. Li Automobile — The Chinese automaker’s U.S.-listed shares fell nearly 7%, missing last week’s gains. Li Auto rose 25% last week after announcing better results. On Friday, the company unveiled its first fully battery-powered vehicle. On Thursday, it reported disappointing delivery results for February. Dutch Bros. — The coffee chain’s stock rose 2.5% after Piper Sandler’s upgrade to overweight. “Between the September equity raise, the strength of SSS shown since then, and the official announcement of mobile order & pay testing and implementation throughout this year, now is the right time to be more constructive. “BROS,” analyst Brian Mullan wrote. — CNBC’s Lisa Han, Fred Imbert, Tanaya Machel, Ha-Kyung Kim, Jesse Pound and Michelle Fox contributed reporting.
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