Before you call, check out the companies that are making headlines. Goldman Sachs — Shares of Goldman Sachs jumped 3.3% in premarket trading after the company beat Wall Street’s first-quarter profit expectations. Goldman reported earnings of $11.58 per share on revenue of $14.21 billion in the period, helped by its trading and investment banking businesses. Analysts surveyed by LSEG, meanwhile, were forecasting earnings of $8.56 per share on revenue of $12.92 billion. Logitech – Shares fell about 2% after Morgan Stanley downgraded the computer peripheral stock to underperform. Analyst Eric Woodring believes the market is “mispricing” Logitech’s prospects and projects annual revenue growth of only 3% through fiscal 2027. Masimo — Health technology stocks rose more than 2% after Stifel shares were upgraded from buy to hold. Analyst Rick Wise said he sees “opportunity for further share price gains,” citing catalysts for the bank’s business improvement and opportunities to improve gross margins. Salesforce — Shares fell nearly 3% in premarket trading following reports from the Wall Street Journal and Reuters that the software company is in talks to acquire data management firm Informatica. Medical Properties Trust — Shares soared 14% after the real estate investment trust said it would sell its controlling stakes in five Utah hospitals to a new joint venture for a total transaction value of $886 million. Coupang — Shares of the South Korean e-commerce company rose 2% after switching to neutral at Citi. The bank believes Coupang still has room to grow as the firm increases its subscription fees, expecting little resistance from customers due to its strong delivery service. Lockheed Martin — Aerospace and defense shares rose nearly 2% after being upgraded to overweight at JPMorgan. Although the stock has underperformed this year, the bank expects prospects to improve further as the company receives additional funding due to geopolitical events overseas. Cisco Systems — Shares of the tech giant rose 2% after Bank of America upgraded its stock rating to neutral. Analyst Tal Liani sees upside potential for the stock, citing expected growth in the security and networking categories as well as Cisco’s recent acquisition of Splunk. Coty — Shares rose 1.3% after Canaccord Genuity initiated coverage of the beauty products company with a Buy rating. The company said Coty has significant growth opportunities and strong brands that support consumer interest. Charles Schwab – Online brokerage prices fell 1% amid mixed first-quarter results. Schwab earned 74 cents, in line with LSEG’s estimate. Revenue was $4.74 billion, slightly above the consensus estimate of $4.71 billion. Snap One, Resideo Technologies — Snap One shares rose 30% after the smart home provider said it would be acquired by Resideo Technologies , a home automation company, for $10.75 per share in cash. The transaction value is estimated at approximately $1.4 billion, including net debt. Resideo shares jumped 5%. Tesla — Shares of the electric vehicle maker fell 1% after an internal memo showed the company plans to lay off more than 10% of its global workforce. “As we prepare the company for its next phase of growth, it is critical that we review every aspect of the company to reduce costs and improve productivity,” Tesla CEO Elon Musk said in the note. — CNBC’s Brian Evans, Michelle Fox, Sarah Min and Pia Singh contributed reporting.
