By Peter Nurse 

Fxgecko.com -- Stocks in focus in premarket trade on Thursday, January 6th. Please refresh for updates.

• Walgreens Boots (NASDAQ:WBA) stock rose 2.7% after the pharmacy chain posted a profit for the first quarter versus a loss a year ago, allowing the company to raise its full-year forecast. Heavy customer demand for Covid vaccines and tests were a big factor behind the results.

• Bed Bath & Beyond (NASDAQ:BBBY) stock rose 3.3% in volatile trade and after dropping 10% during the previous session with the home goods retailer's quarterly sales hurt by supply chain issues.

• ConAgra (NYSE:CAG) stock fell 2.2% after the food company missed expectations for quarterly profit as raw material and shipping costs surged.

• Lululemon Athletica (NASDAQ:LULU) stock fell 0.4% after footwear giant Nike (NYSE:NKE), down 0.4%, filed a lawsuit accusing the fitness clothing retailer of patent infringement over its Mirror fitness device and related mobile applications. 

• Allbirds (NASDAQ:BIRD) stock rose 5.8% after Morgan Stanley (NYSE:MS) upgraded its investment stance on the footwear retailer to “overweight” from “equal weight”, noting that the stock has fallen below its IPO price but it still has strong growth prospects.

• Target (NYSE:TGT) stock fell 2.1% and Dollar General (NYSE:DG) stock fell 2.3% after Wells Fargo downgraded the retailers, both to “equal weight” from “overweight”, citing concerns that retail growth could slow. 

• Crowdstrike (NASDAQ:CRWD) stock rose 0.6% after Wells Fargo (NYSE:WFC) initiated coverage on the cybersecurity provider at “overweight”, saying the struggling stock can jump 50%.

• Coinbase (NASDAQ:COIN) stock rose 0.6% after Bank of America upgraded its investment stance on the cryptocurrency exchange to “buy” from “neutral”, saying it is more than just a trading house.

• Netflix (NASDAQ:NFLX) stock fell 2% after JPMorgan cut its price target on the movie streaming platform's stock to $725 from $750, with the investment bank expecting fourth quarter subscriber additions to disappoint. 

• Uranium Energy (NYSE:UEC) rose 7.1% with the mining and exploration company benefiting from the likely disruption of supply from Kazakhstan, the world's largest exporter of uranium, following the violent protests.