Peter Nurse 

Investing.com — Premarket Trade on Friday January 7th, Stocks In Focus For the latest updates, please refresh.

• GameStopStock rose 16% on the news that the struggling retailer of video games, which is a favorite with retail investors, has launched a division in order to establish a marketplace for NFTs (non-fungible tokens) and join cryptocurrency partnerships.

• Sonos (NASDAQ:) stock rose 3.7% after the speaker maker won a U.S. trade agency ruling that will limit the imports of some phones, laptops and speakers made overseas by Alphabet’s GoogleThey infringe on patents.

• QuidelThe stock of (NASDAQ:) rose 4.4% following strong fourth-quarter results from the maker of diagnostic healthcare products. This was a result of customers looking for Covid test kits.

• T-Mobile US(NASDAQ:) Stock dropped 2.5% following disappointing full-year results by the telecommunications firm, which added just 1.2 million accounts postpaid and 5.5 millions customers postpaid over the course of the year.

• Discovery (NASDAQ:) stock rose 4% after Bank of America upgraded its investment stance on the media giant to “buy” from “hold”, saying the stock could climb 75% as its merger with WarnerMedia closes.

• Kohls (NYSE:) stock fell 4.2% after UBS downgraded its stance on the retailer to “sell” from “neutral”, saying inflationary pressures will increase costs and hurt earnings.

• StarbucksThe stock dropped 2.1% on the news that RBC had downgraded the company’s stance regarding the coffee chain from “outperform to sector perform”, in an attempt to reduce profits.

• Delta Air Lines (NYSE:) stock rose 1.5% after Bank of America (NYSE:) lifted its investment stance to “buy” from “neutral”, saying the rebound of corporate travel this year will boost the airline’s bottom line.

• DraftKings (NASDAQ:) stock rose 1.8% ahead of the weekend’s launch of legal mobile sports betting in New York State. Just in time to watch this year’s Superbowl.