Check out the companies making headlines before the bell. Super Micro Computer and Deckers Outdoor – Shares of Super Micro Computer and Deckers Outdoor jumped 12% and 5%, respectively, after S&P Dow Jones Indices said Friday that the two companies will be added to the S&P 500 index later this month. They will replace Whirlpool and Zion Bancorp, which will move into the S&P MidCap 400 index effective at the March 18 open. Macy's – Macy's stock rose nearly 17% after Arkhouse Management raised its buyout offer for the department store chain to $24 from $21 a share, or about $6.6 billion. Apple – Apple stock fell about 1% after the European Commission imposed a $1.95 billion fine on the iPhone maker. The antitrust penalty alleged that the company abused its market position to distribute music streaming apps, and favored its own products over alternatives from competitors. Cryptocurrency Stocks – Companies whose performance is tied to the price of Bitcoin rose in pre-market trading after the cryptocurrency reached a two-year high. Coinbase and Microstrategy rose 6% and 8%, respectively. In the mining group, shares of Marathon Digital and Iris Energy rose 6% each, while Riot Platforms added about 5% and CleanSpark jumped 8%. DoorDash – Shares rose 2.8% after RBC upgraded its food delivery platform to sector outperform. RBC pointed to DoorDash's potential for new partnerships to upgrade, especially with Lyft. Spirit AeroSystems, Boeing – Shares of the fuselage manufacturer rose nearly 3%. Boeing is in talks to acquire Spirit Aerosystems after quality issues affecting the 737 MAX planes, the companies said Friday. Boeing spun off what became known today as Spirit AeroSystems in 2005. Lyft – The ride-sharing stock rose 6% after an upgrade to outperform RBC. As catalysts, the bank reiterated its confidence in Lyft's 2024 EBITDA estimates, food delivery opportunities and Lyft's position within a “stable duopoly” Kyverna Therapeutics – Biopharma stock rose more than 4% after Morgan Stanley initiated coverage with an overweight rating, citing cell therapy For autoimmune diseases. Ferrari – Shares of the luxury automaker fell 2% after its sell rating was downgraded from neutral by Citi. Ferrari shares are trading well above Citi's price target, leading to concerns about the bank's valuation. Li Auto – US-listed shares of the Chinese automaker fell nearly 7%, paring last week's gains. Li Auto stock rose 25% last week after announcing an earnings beat. On Friday, it announced the first fully battery-powered car. On Thursday, it announced disappointing deliveries for February. Dutch Bros – Shares of the coffee chain rose 2.5% after an upgrade to overweight in Piper Sandler. “Between the stock surge in September, the strength SSS has shown since then, and the formal announcement of testing and implementation of mobile ordering and payment that will take place throughout this year; we believe now is a good time for us to become more positive on Bruce,” analyst Brian Mullan wrote. — CNBC's Lisa Hahn, Fred Imbert, Tanaya Machel, Hakyung Kim, Jessie Pound and Michelle Fox contributed reporting.
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Stocks making the biggest moves pre-market: SMCI, DECK, M
