09:22 AM EDT, 05/13/2024 (MT Newswires) -- Consumer stocks were gaining premarket Monday, with the Consumer Discretionary Select Sector SPDR Fund ( XLY ) and the Consumer Staples Select Sector SPDR Fund ( XLP ) both up 0.1%.

GameStop ( GME ) shares were up past 45% after "Roaring Kitty," the social media persona that sparked a massive stock rally with the videogame retailer in 2021, returned online for the first time in three years.

Johnson & Johnson ( JNJ ) is expected to exchange 182,329,550 common shares of Kenvue's ( KVUE ) for indebtedness of Johnson & Johnson ( JNJ ) to be held by Goldman Sachs and J.P. Morgan, Kenvue ( KVUE ) said. Following the completion of the proposed offering, Johnson & Johnson ( JNJ ) will no longer own any Kenvue ( KVUE ) common shares. Kenvue ( KVUE ) stock was down more than 1% in recent Monday premarket activity.

Amazon.com ( AMZN ) said it plans to invest 1.2 billion euros ($1.3 billion) in its French operation, supporting more than 3,000 additional permanent jobs in the country. The company's shares were 0.3% higher in recent Monday premarket activity.