4 stocks to watch on Friday: Alphabet, Netflix and more
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The futures are pointing to mild gains at the outset of Friday's trading as the major U.S. equity averages attempt to bounce back after recent declines. Here are some stocks to watch for Friday:

Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) plans to cut around 12,000 jobs, representing about 6% of its total staff. According to Reuters, the Google parent's CEO explained in a memo that the move was meant to "sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities."

Netflix (NFLX) rose in premarket trading after reporting its Q4 results. Revenue advanced about 2% to $7.85B, while the firm added a net total of 7.66M subscribers worldwide. Meanwhile, the firm's co-founder Reed Hastings will give up his co-CEO title to become the company's executive chairman. Greg Peters, NFLX's chief business officer/chief product officer, will become co-CEO along with Ted Sarandos.
PPG Industries (PPG) reported a quarterly profit of $1.22 per share, topping analysts' projection by $0.09 per share. Revenue was flat with last year at $4.19B, edging past analysts' expectations. The supplier of paints and specialty materials said that price increases helped it offset cost inflation.
Schlumberger (SLB) announced Q4 results that exceeded expectations on both its top and bottom lines. Revenue jumped 27% to $7.9B, surpassing projections by $110M. "Looking ahead, we believe the macro backdrop and market fundamentals that underpin a strong multi-year upcycle for energy remain very compelling in oil and gas and in low-carbon energy resources," the firm predicted.


For more on the overall markets, Credit Suisse has listed the ten biggest risks to its 2023 outlook, including the potential of a hard landing in China and a more-than-20% drop in U.S. house prices.