Check out the companies making the biggest moves premarket: Goldman Sachs — Shares fell more than 2% despite the bank reporting an earnings and revenue beat in its first quarter report, thanks to record equities trading and stronger investment banking revenues. Goldman reported $17.55 in earnings per share and $17.23 billion in revenue, better than the consensus estimates of $16.49 in earnings and $16.97 billion in revenue, according to LSEG. Trading in its fixed income, currencies and commodities unit was $4.01 billion, well short of the $4.92 billion consensus estimate for FICC trading from analysts polled by FactSet. Williams-Sonoma — The kitchen and cookware retailer gained 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 Williams-Sonoma has “one of the strongest portfolio of brands in retail.” Best Buy — Goldman Sachs downgraded the electronics and appliances retailer to sell at Goldman, sending shares down 4%. “While Best Buy will likely see a benefit to [same-store sales] from a pull-forward of PC demand and higher tax returns in Q1, we think there will be risk to sales post Q1 as higher memory costs start to work their way into the price of laptops and computers,” Goldman analysts wrote. Toll Brothers , Pultegroup — Shares of both stocks rose more than 1% after Evercore ISI upgraded the two homebuilders to outperform. The investment firm said it’s time to buy the dip in the companies, believing the bad news is already priced in and that both Toll Brothers and Pultegroup could manage macroeconomic headwinds better than some of their peers. Fastenal — The industrial and construction supply distributor slid more than 4% after it reported first-quarter earnings that met the Street’s expectations. Fastenal reported 30 cents in earnings per share and $2.2 billion in revenue, meeting the consensus of analysts polled by FactSet. Energy stocks — As oil prices again climbed above $103 after the U.S. navy announced a blockade on the Strait of Hormuz, a slew of energy names rose on Monday. Targa Resources rose 1%, while APA corporation gained nearly 3.5%. Phillips 66 was up nearly 3%, while Chevron and Exxon Mobil were both in the green by 2%. Cruise lines — Higher input costs due to rising energy prices and fears over demand reappeared on Monday for cruise line stocks. Carnival 4%, while Norwegian Cruise Line was off 3%. Royal Caribbean slipped more than 2%. Airlines — Similar demand fears and higher jet fuel prices sent airline names lower on Monday too. United Airlines fell by more than 2.5%, while Southwest Airlines and Delta Air Lines both declined 2%. Palantir — Shares rebounded by more than 2% after a sharp 13.4% sell-off last week on concerns that artificial intelligence will disrupt software companies’ business models. It was the stock’s worst week since April 2025. — CNBC’s Fred Imbert contributed reporting
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