Consumer stocks were mixed pre-bell Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was 0.6% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently declined by 1.3%.

Dada Nexus (DADA) shares rose past 30% after the company said its board has received a preliminary, non-binding proposal from JD.com (JD) to purchase all of its outstanding ordinary shares, including ADSs, for $2.0 per ADS in cash.

Ermenegildo Zegna (ZGN) shares were up 1% after the company reported a higher Q4 revenue.

Diageo (DEO) shares were down 0.3% after the company said it has no intention to sell either its Guinness brand or stake in Moet Hennessy. The statement was issued in response to a Friday report from Bloomberg, where sources said the company is looking into potentially spinning off or selling its premier beer brand Guinness that would likely be valued at more than $10 billion.