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 its stock price down 4%. “While Best Buy is likely to benefit (same-store sales) from front-loaded PC demand and higher tax returns in the first quarter, we believe there is some risk to sales after the first quarter as higher memory costs begin to impact laptop and computer prices,” Goldman analysts said. Toll Brothers, Pulte Group — Shares of both companies rose more than 1% after Evercore ISI upgraded the two homebuilders to Outperform. The investment firm said the bad news has already been priced in and now is the time to buy on Toll Brothers and Pulte Group, believing both companies can handle macroeconomic headwinds better than some of their peers. Fastenal — The industrial and construction materials distributor fell more than 4% after it said first-quarter profit met Street expectations. Fastenal reported earnings of 30 cents a share and revenue of $2.2 billion, meeting the consensus of analysts surveyed by FactSet. ENERGY STOCK — A number of energy stocks rose on Monday as oil prices rose above $103 again after the U.S. Navy announced a blockade of the Strait of Hormuz. Targa Resources rose 1% and APA Corporation rose nearly 3.5%. Phillips 66 rose nearly 3%, and Chevron and ExxonMobil both rose 2%. CRUISE LINES — Rising input costs due to rising energy prices and demand concerns were back in cruise line stocks on Monday. Carnival had 4% off and Norwegian Cruise Line had 3% off. Royal Caribbean fell more than 2%. AIRLINES — Similar demand concerns and higher jet fuel prices led to airline names dropping again on Monday. United Airlines fell more than 2.5%, while Southwest Airlines and Delta Air Lines both fell 2%. Palantir — Shares have rebounded more than 2% after plummeting 13.4% last week on concerns that artificial intelligence will disrupt software companies’ business models. Leggett & Platt — The bedding maker soared 9% after announcing an agreement to be acquired by SomniGroup International. The $2.5 billion all-stock transaction is expected to close by the end of 2026. — Report by CNBC’s Fred Imbert contributed
