Check out the companies making headlines before the bell. Goldman Sachs – Shares of Goldman Sachs jumped 3.3% in premarket trading after the company beat Wall Street's first-quarter earnings expectations. Goldman posted earnings of $11.58 per share on revenue of $14.21 billion for the period, helped by its commercial and investment banking businesses. Analysts surveyed by LSEG had called for earnings of $8.56 per share on revenue of $12.92 billion, in the meantime. Logitech – Shares fell nearly 2% after Morgan Stanley downgraded the computer peripherals stock to below weight. Analyst Eric Woodring believes the market is “mispricing” Logitech's outlook and expects annual revenue growth of just 3% through fiscal 2027. Masimo – The health tech stock rose more than 2% after an upgrade to buy from hold at Stifel. Analyst Rick Wise said he sees “room for further upside in stock prices,” citing the bank's improving business and opportunities for gross margin expansion as motivating factors. Salesforce – Shares fell nearly 3% in premarket trading, after reports from the Wall Street Journal and Reuters that the software company is in advanced talks to acquire Informatica, a data management company. Medical Real Estate Trust – Shares rose 14% after the real estate investment trust said it would sell its majority stakes in five hospitals in Utah to a new joint venture, with the deal valued at $886 million. Coupang – Shares of the South Korea-based e-commerce company rose 2% after an upgrade to buy from neutral at Citi. The bank believes there is still room to expand Coupang's margins as the company increases subscription fees, anticipating little opposition from customers due to its strong delivery service. Lockheed Martin – The aerospace and defense stock rose nearly 2% after an upgrade to overweight at JPMorgan. Although the stock has underperformed this year, the bank expects a better outlook going forward as the company receives additional financing due to external geopolitical events. Cisco Systems – Shares of the tech giant rose 2% after an upgrade to buy from Bank of America. Analyst Tal Liani sees upside for the stock, pointing to expected growth in the security and networking categories, as well as from 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 maintain consumer interest. Charles Schwab – The online brokerage fell 1% on the back of mixed first-quarter results. Schwab earned 74 cents, which was in line with LSEG estimates. Revenue was $4.74 billion, slightly above consensus expectations of $4.71 billion. Snap One, Resideo Technologies – Shares of Snap One rose 30% after the smart living products provider said it would be acquired by Resideo Technologies, a home automation company, for $10.75 per share in cash. The deal is valued at approximately $1.4 billion, including net debt. Resideo shares jumped 5%. Tesla – Shares of the electric car maker fell 1% after an internal memo showed that the company plans to lay off more than 10% of its global workforce. “As we prepare the company for the next phase of growth, it is extremely important that we look at every aspect of the company to reduce costs and increase productivity,” Tesla CEO Elon Musk said in the memo. — CNBC's Brian Evans, Michelle Fox, Sarah Min and Pia Singh contributed reporting.
