Check out the companies with the biggest pre-market moves: Goldman Sachs — Shares fell more than 2% on record stock trading and higher investment banking revenue, even though the bank reported stronger earnings and revenue in its first-quarter report. Goldman reported earnings of $17.55 per share and revenue of $17.23 billion, beating consensus estimates for earnings of $16.49 and revenue of $16.97 billion, according to LSEG. The Fixed Income, Currency and Commodities sector traded at $4.01 billion, well below the $4.92 billion consensus estimate for FICC trades by analysts surveyed by FactSet. Revolution Medicine — Shares soared more than 37% after the company revealed its pancreatic cancer drug was successful in a Phase 3 trial. The company said patients who received the daily drug Daraxone Lasib lived for 13.2 months, compared to 6.7 months for patients who received chemotherapy. Williams-Sonoma — The kitchen and cookware retailer rose more than 2% after getting an upgrade to buy at Goldman Sachs. Analysts at the bank said the stock is trading at attractive levels, adding that Williams-Sonoma has “one of the strongest portfolios of brands in the retail industry.” Best Buy — Goldman Sachs downgraded the electronics and consumer electronics retailer to a sell on Goldman, sending the stock down 4%. “Best Buy will probably benefit, but [same-store sales] “We believe there is risk to sales beyond the first quarter as higher memory costs begin to impact laptop and computer prices due to the front-loading of PC demand in the first quarter and increased tax returns,” Goldman analysts said. Toll Brothers and Pulte Group — Shares of both companies rose more than 1% after Evercore ISI upgraded the two homebuilders to Outperform. The investment firm said it thought the bad news was over and now was the time to buy on both companies. Toll Brothers and Pulte Group have priced in the possibility that they may be better able to handle macroeconomic headwinds than some of their peers. Oil prices rose above $103 again after the U.S. after Fastenal announced first-quarter profit of 30 cents on revenue of $2.2 billion, in line with the consensus of analysts compiled by FactSet Energy Stocks. Many energy stocks rose on Monday after the Navy announced a blockade of the Strait of Hormuz, with APA Corp. up nearly 3.5% and Chevron and Exxon Mobil both up 2%. Meanwhile, Norwegian Cruise Line rose 4% on rising energy prices and demand concerns. Cruise lines fell more than 3%. United Airlines also fell more than 2.5% on Monday due to similar demand concerns and higher jet fuel prices. Meanwhile, Palantir Airlines fell more than 2% last week on concerns that artificial intelligence will disrupt software companies’ business models. April 2025. Leggett & Platt — The bedding maker soared 9% after announcing an acquisition agreement by Somnigroup International. The $2.5 billion all-stock transaction is expected to close by the end of 2026. —CNBC’s Fred Imbert contributed reporting.
