Stocks - Goldman Sachs, J&J Fall in Premarket; Best Buy Plunges

Investing.com - Stocks in focus in premarket trade Monday:

• Goldman Sachs (NYSE:GS) stock lost 1.78% by 8:02 AM ET (13:02 GMT) as Malaysia’s attorney general filed criminal charges accusing the company of the theft of billions of dollars from the country’s development fund.

• Alphabet (NASDAQ:GOOGL) stock slipped 0.02% after the company said Google would invest more than $1 billion to establish a new campus in New York City.

• Johnson & Johnson (NYSE:JNJ) stock slid 0.71%, adding to Friday’s 10% plunge after Reuters suggested that the company knew for decades that its baby powder contained asbestos. The company called the report “one-sided, false, and inflammatory”.

• Netflix (NASDAQ:NFLX) stock rose 0.25% amid a New York Times’ report that the company is set to release 90 movies next year with budgets as high as $200 million.

• Best Buy (NYSE:BBY) stock tanked 5.91% after Bank of America-Merrill Lynch downgraded its recommendation on the company to underperform due to declining sales of electronics, including Apple’s (NASDAQ:AAPL) iPhone, according to CNBC.

• Guess? (NYSE:GES) stock could see movement in the regular session as the company was fined €40 million ($45.3 million) by European antitrust regulators for blocking cross-border sales in the region.

• Catalyst Pharmaceuticals (NASDAQ:CPRX) stock could see upside in the regular session after an SEC filing showed that director Charles O’Keefe bought 20,000 shares.

• Weatherford International (NYSE:WFT) stock tumbled 7.90% as the company announced it received a non-compliance notice from the New York Stock Exchange with regard to its minimum average share price for listing standards.

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