Check out the companies making headlines in midday trading. Super Micro Computer and Deckers Outdoor – Shares of the technology company and sneaker designer rose 19% and 3%, respectively, after S&P Dow Jones Indices announced Friday that the two stocks will be added to the S&P 500 on March 18. Deckers Outdoor will replace Zions Bancorpation and Whirlpool, which will move into the S&P MidCap 400. Macy's – Shares rose 14% after Arkhouse Management said it and Brigade Capital Management raised their bid for the department store. The companies are now offering to acquire Macy's shares they don't already own for $24 per share, about 14% more than their previous offer of $21 per share. The new offer values the company at $6.6 billion. Apple – Apple lost nearly 3% after European Union regulators fined the iPhone maker nearly $2 billion and said it violated competition laws by preventing app developers from informing iOS users of alternative music subscription options. Cryptocurrency Stocks – Coinbase and Microstrategy, whose performance is tied to the price of Bitcoin, are up 11% and 24%, respectively, as the cryptocurrency approaches all-time highs. However, miners have stopped rising, as Bitcoin's halving – when revenues for mining companies are cut – weighed on investors. Marathon Digital stock fell 5%. Shares of Riot Platforms, Cipher Mining and CleanSpark fell respectively 7%, 7% and 8%, and Iris Energy lost 5%. DoorDash – Shares jumped 4% after RBC upgraded the food delivery company to sector outperform. RBC cited the food delivery platform's potential for new partnerships, especially with Lyft. Lyft – The ride-sharing platform added more than 4% after RBC upgraded the stock to an outperform rating from sector perform. The bank highlighted the company's position within a “stable duopoly”, upcoming food delivery opportunities, and upbeat 2024 EBITDA estimates. Kyverna Therapeutics – Shares of the biopharmaceutical company fell 0.2% after starting with an plus rating at Wells Fargo, JPMorgan and Morgan Stanley. The latter cited vital cell therapy for autoimmune diseases as a motivating factor. Ferrari – Shares of the luxury automaker fell nearly 3% after Citi lowered its sell rating from neutral, citing concerns the company was overvalued. Li Auto – US-listed shares of the Chinese automaker fell nearly 14% after the company reported disappointing February deliveries last week. It rose more than 25% last week after announcing the earnings beat. Dutch Bros – Shares rose 3% after the coffee chain was upgraded to Overweight from Neutral at Piper Sandler. The company was impressed by Dutch Bros.'s September stock increase, its strong same-store sales, and the announcement that it will test and implement its mobile ordering and checkout this year. American Airlines – Carrier stock fell more than 5% after the company placed orders for 260 new narrowbody jets, including 85 Boeing 737 MAX 10 jets. American also said it would transfer orders for 30 Boeing 737 MAX 8 jets. to its larger model, the 737 Max 10. Ford – The automaker rose 2% in the wake of strong February sales data compared to the same month a year earlier. Ford's gains were led by increases in sales of electric and hybrid vehicles. — CNBC's Michelle Fox, Alexander Haring, Hakyung Kim, Tanaya Machel, Yun Lee, Jessie Pound and Samantha Sobin contributed reporting.
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Macy's, Lyft, DoorDash, and more
