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Benzinga Pro's Top 5 Stocks To Watch For Friday, January 6, 2023: BBBY, JNJ, AMZN, SI, HKD

Benzinga · 01/06/2023 09:10
  • Bed Bath & Beyond (BBBY) - The company's shares were down about 12% pre-market on Friday morning following announcements that it might face bankruptcy or even going out of business. "While the Company continues to pursue actions and steps to improve its cash position and mitigate any potential liquidity shortfall, based on recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity projections, the Company has concluded that there is substantial doubt about the Company's ability to continue as a going concern," Bed Bath & Beyond said.

  • Johnson & Johnson (JNJ) - The consumer packaged goods and products of the company are planned to be spun off into a separate, publicly-traded company, Kenvue (KVUE) — Johnson & Johnson filed its initial public offering on Wednesday for the spinoff company that will include well-known brands such as Listerine and Johnson's Baby Shampoo.

  • Amazon (AMZN) - The company reported plans to lay off more than 18,000 workers in what would be one of the biggest tech layoffs in a long time. A report from the Wall Street Journal indicated that most of the layoffs would come from Amazon's corporate staff.

  • Silvergate (SI) - Shares experienced a massive drop in price on Thursday morning, and fell again Friday morning pre-market of this financial infrastructure bank with exposure to the collapse of cryptocurrency platform FTX.

  • AMTD Digital (HKD) - A momentum play on one of the biggest movers of the week, with no known news — on Wednesday the stock was hovering around the $9.80 mark, but shot up to a high of over $35 on Thursday. Friday pre-market share price was all the way up to $52 momentarily.