Several notable companies are experiencing significant premarket movements, including Home Depot, Macy's, and Medtronic.

Check out the companies making headlines before the bell:

Home Depot's stock increased by 1% in the premarket after its quarterly earnings and revenue surpassed Wall Street predictions. The company reported earnings of $3.21 per share, 3 cents above expectations, and its comparable-store sales also exceeded estimates. Additionally, Home Depot announced a 15% increase in its dividend.

Macy's exceeded expectations by 45 cents with adjusted quarterly earnings of $2.45 per share, and its revenue also surpassed estimates. Additionally, the retailer authorized a new $2 billion share buyback program and increased its dividend by 5%. As a result, the stock price increased by 7.9% in premarket trading.

Tempur Sealy's stock dropped 5% in the premarket after its adjusted quarterly earnings of 88 cents per share missed estimates by 8 cents, and revenue fell short of Street forecasts. The company's results were affected by rising costs that outpaced sales growth.

Medtronic reported mixed quarterly results, with revenue falling short of forecasts but adjusted quarterly profit beating estimates by a penny at $1.37 per share. Despite this, the company said it is seeing improved procedure volumes and strong demand for its heart devices. The stock initially dropped 1.2% in the premarket but later recovered.

Veritas Capital agreed to purchase HMHC for $21 per share, or approximately $2.8 billion, causing the stock to increase by 14.9% in premarket trading.

The financial technology company, SoFi, announced a deal to acquire banking software manufacturer Technisys for approximately $1.1 billion in stock. This acquisition is expected to generate up to $800 million in additional revenue through 2025. Despite this news, SoFi's stock price fell by 2.7% in premarket action.

The private equity firms Standard General and agreed to a $24 per share buyout deal with the TV station operator, resulting in a 7.4% increase in the premarket shares of the operator.

Carl Icahn, an investor, initiated a proxy battle for two board positions at McDonald's in an effort to promote ethical treatment of pigs by the restaurant chain's suppliers. As a result, McDonald's experienced a 1% decline in the premarket.

Although Krispy Kreme's adjusted quarterly earnings were one penny short of forecasts, with earnings of 8 cents per share, revenue exceeded Wall Street expectations. Krispy Kreme offset inflation in wages and commodities through price increases. Krispy Kreme's stock price increased by 1.2% in premarket trading.

DKNG stock dropped 5.5% in premarket trading after Wells Fargo downgraded it to "equal weight" from "overweight" and reduced the price target to $19 per share from $41. The bank is concerned about DKNG's path to profitability due to the rapid increase in expenses. DKNG has fallen for three consecutive sessions, including a 21.6% decline on Friday following its quarterly report.