Check out the companies making headlines before the bell. Macy’s – Shares of the department store giant added 2% in premarket trade after the company over the weekend rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take the retailer private. Macy’s cited concerns about deal financing and valuation. Boeing — The airline stock fell 1.8% after the US Federal Aviation Administration recommended operators visually inspect the mid-exit door jambs of Boeing 737-900ER planes, which are similar to those grounded after the Alaska Airlines flight crisis. Archer-Daniels-Midland – Shares slid nearly 12% after the food processor put CFO Vikram Luthar on administrative leave amid an investigation into some accounting practices and issued guidance for fourth-quarter earnings that fell short of previous expectations. Goldman Sachs lowered the stock after the news. SolarEdge Technologies – Shares gained more than 5% after the solar company said it will cut 16% of its workforce as it looks to reduce operating expenses. B Riley Financial —Financial services stocks fell nearly 14% after a Bloomberg report that the U.S. Securities and Exchange Commission is investigating the firm’s dealings with a client linked to securities fraud. Spirit Airlines , JetBlue Airways — The airlines said Friday they plan to appeal a federal judge’s ruling that blocks their planned merger. Spirit Airlines added about 1% before the bell, while JetBlue Airways slipped 0.8%. International Fragrances and Fragrances – Shares added 1.9% after Morgan Stanley upgraded the perfume company to equal-weight overweight, citing an end to the stock’s down cycle and a bottoming out in the consumer cycle as catalysts for share price growth. Home Depot , Lowe’s — Shares fell about 0.7% each after Oppenheimer downgraded the home improvement giants to market perform from an outperform rating, citing a complicated short-term arrangement. StoneCo – Shares gained more than 3% after Goldman Sachs upgraded the company to a buy rating, citing new banking and credit revenue opportunities and “superior” earnings growth within the Brazilian payments sector. – CNBC’s Pia Singh, Sarah Min, Tanaya Macheel and Lisa Kailai Han contributed reporting
(tagsTo Translate)StoneCo Ltd