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Home » Stocks Making the Biggest Moves in the Premarket: Super Micro Computer, Deckers Outdoors, Macy’s & More
Finance

Stocks Making the Biggest Moves in the Premarket: Super Micro Computer, Deckers Outdoors, Macy’s & More

Justin Ashley
Last updated: 2025/01/29 at 9:11 AM
Justin Ashley
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Stocks Making the Biggest Moves in the Premarket: Super Micro Computer, Deckers Outdoors, Macy’s & More
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Check out the companies making headlines before the bell rings. Super Micro Computer, Deckers Outdoor – Shares of Super Micro Computer and Deckers Outdoor rose 12% and 5%, respectively, S&P Dow Jones Indices said Friday, pushing both companies into the S&P 500 later this month. Will be connected. They replace Whirlpool and Zions Bancorp, which will move to the S&P MidCap 400 index beginning March 18. Macy’s – Macy’s stock rose nearly 17% after Archhouse management raised its buyout offer for the department store chain from $21 a share to $24, or about $6.6 billion. Apple – Apple slipped nearly 1% after the European Commission fined the iPhone maker $1.95 billion. The antitrust penalty argued that the company abused its market position for music streaming app distribution, favoring its own products over competitors’ options. Crypto stocks – Companies whose performance is linked to the price of Bitcoin rose in premarket trading after the cryptocurrency hit a two-year high. Coinbase and MicroStrategy rose 6% and 8%, respectively. In the mining group, Marathon Digital and Iris Energy gained 6% each, while Riot Platforms jumped nearly 5% and Cleanspark added 8%. DoorDash – Shares rose 2.8% after RBC upgraded the food delivery platform to sector outperform. RBC cited the potential of DoorDash’s new partnerships for the upgrade, particularly with Lyft. Shares of Spirit AeroSystems, the Boeing-fuselage maker, rose about 3%. Boeing is in talks to acquire Spirit AeroSystems following quality issues affecting its 737 Max jets, the companies said Friday. Boeing discontinued the current Spirit AeroSystems in 2005. Lyft – The ride-sharing stock rose 6% after an upgrade from RBC to outperform. As a catalyst, the bank underlined its confidence in Lyft’s 2024 EBITDA projections, food delivery opportunities and Lyft’s position within a “stable monopoly,” Kyverna Therapeutics – biopharmaceutical after Morgan Stanley initiated coverage with an overweight rating. The stock rose more than 4%, citing its cell therapy for autoimmune disease. Ferrari – Shares of the luxury automaker fell 2% after Citi downgraded it to sell from neutral. Ferrari’s stock is trading well above Citi’s price target, raising valuation concerns for the bank. Li Auto – US-listed shares of the Chinese automaker fell nearly 7%, paring last week’s gains. Li Auto surged 25% last week after reporting declining earnings. On Friday it announced its first completely battery-powered car. On Thursday, it reported disappointing February deliveries. Dutch Bros. – Shares of the coffee chain rose 2.5% after Piper Sandler upgraded it to overweight. “Between the equity raise in September, the SSS strength demonstrated since that time, and the formal announcement of mobile order and pay testing and implementation that will take place this year; we think now is the right time for us to become more creative at BROS,” the analyst Brian Mullan wrote. — CNBC’s Lisa Han, Fred Imbert, Tanaya Machel, Hakyung Kim, Jesse Pound and Michelle Fox contributed reporting

Justin Ashley 29 January 2025 29 January 2025
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By Justin Ashley
Justin Ashley is a distinguished financial expert with an impressive track record in the world of finance. He embarked on his career at New York Business Times in 2015 as a finance correspondent and has since become a prominent figure in the industry.
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