Check out the companies making headlines before the bell. Cleveland-Cliffs — Shares rose 10.5% after the steel company announced it was considering starting a rare earth mining operation. The Cleveland Cliffs also reported adjusted EBITDA of $143 million, beating FactSet’s estimate of $127.9 million. The company also announced capital expenditure guidance of approximately $525 million for the year, lower than its prior expectations of $600 million. Rare Earths — The group is gaining after Bloomberg News reported that Australia’s prime minister plans to offer the country’s resource holdings to President Donald Trump in the wake of China’s move to restrict exports to the United States. U.S. antimony stocks rose nearly 15%, while Critical Metals and U.S. Rare Earths rose 9% and 6%, respectively. Liberty Energy — Shares rose 5.6%, adding to Friday’s more than 28% rise. The energy services company missed third-quarter revenue estimates compiled by analysts compiled by FactSet, but investors seemed satisfied with the upbeat sales commentary. Hologic — Medical imaging stocks rose 4.5% after Bloomberg reported that Blackstone and TPG are nearing a deal to buy the medical technology company for more than $17 billion. Cooper Companies — Shares rose 4.2% after Reuters reported, citing sources, that activist investor Jana Partners had acquired a stake in the medical device maker. Robinhood — The brokerage rose 3% after several large investors increased their stakes in the trading platform, according to a regulatory filing. AMD — The chipmaker rose nearly 2% after Bank of America raised its price target to $300 per share from $250 and maintained a buy rating on the stock. Ally Financial — Shares rose 2% after TD Cowen upgraded the company from hold to buy, citing Ally’s credit quality and margin strength. Regional banks — The group rose as it continued to recover from last week’s scare with bad loans. Zions Bancorp and Western Alliance rose 0.8% and 0.4%, respectively. Triumph Financial rose more than 2% in thin trading. SPDR S&P Regional Banking ETF (KRE) rose 0.6%. — CNBC’s Alex Harring, Sarah Min, Michelle Fox Theobald and Fred Imbert contributed reporting
Stocks with the biggest moves pre-market: CLF, LBRT, HOLX
