Check out the companies making the biggest pre-market moves: Netflix — The streaming platform fell 10% as investors deemed the streaming giant’s forecasts disappointing. Netflix expects second-quarter earnings of 78 cents per share, below the 84 cents per share expected by analysts surveyed by LSEG. Stock prices were also weighed down by the announcement that Netflix co-founder and chairman Reed Hastings plans to step down from the company’s board in June when his term expires. Alcoa — Shares fell 2% after the aluminum producer reported lower profits last quarter. Adjusted earnings were $1.40 per share, compared to analysts’ estimates compiled by LSEG of $1.49 per share. The company’s revenue of $3.19 billion also fell short of expectations of $3.28 billion. Affirmation — The buy now, pay later company soared more than 3% after Morgan Stanley named its stock its top preferred stock. Morgan Stanley said Affirm has upside potential for earnings and that easing private credit concerns should help support the company’s stock price, which has fallen 19% in 2026. Knight Swift Transportation Holdings — Shares fell 1% after the company lowered its first-quarter earnings forecast on Thursday. Knight Swift management said winter weather is weighing on demand, but added that rising fuel costs in March are likely to put further pressure on negative supply trends for the trucking industry. Oracle — Shares rose another 2% in premarket trading, on pace for the sixth straight session of positive growth. Oracle is up more than 30% this week, which could be the stock’s best week since 1999. ALBEMARLE — Shares fell more than 2.5% after Baird Co. was downgraded from outperform to neutral. The downgrade came after the chemical company soared 16% on Thursday. Software Stocks — Many stocks rose again on Friday as software stocks ended a week of strong recovery. Salesforce, Adobe and ServiceNow rose about 2%, while DataDog rose 1.5%. This week, the iShares Expanded Technology Software Sector ETF is up more than 14%. Ally Financial — The bank soared 2.5% after reporting a revenue beat but missing out on revenue. Ally earned $1.11 a share in the first quarter, beating expectations of $0.93, according to analysts surveyed by FactSet. Revenue was $2.1 billion, slightly below expectations of $2.14 billion. — CNBC’s Lisa Kai-Lai Hung and Nick Wells contributed reporting
