Another tech giant is acquiring a startup specializing in navigation technology. Let’s take a look at the technology stocks to watch Monday:
Apple. The company confirmed it acquired Coherent Navigation, a startup focused on GPS tech, reports The New York Times. Although Apple did not share how they will leverage this acquisition, the move likely bolsters their own Maps service that competes with rivals including Google Maps.
Alibaba. Luxury brands including Gucci and Yves Saint Laurent are suing the e-commerce giant, claiming it allowed counterfeiters to sell fake goods on their websites. The brands accuse Alibaba of aiding in the sale of fake goods bearing their names.
Yelp. Shares dipped 2% in pre-market trading after Piper Jaffray downgraded the online recommendation company’s stock to neutral, reports CNBC. Earlier this month, reports surfaced that Yelp was exploring a potential sale.
Salesforce.com. The cloud computing company reports first quarter earnings after the markets close Wednesday. Analysts project earnings of 14 cents a share off $1.5 billion in revenue. This is the first earnings calls since reports surfaced Salesforce was fielding bids for an acquisition.
Google. The tech giant is reportedly planning to add “buy” buttons next to certain items within search results. The buttons are expected to launch in the coming weeks.
Follow Brett Molina on Twitter: @brettmolina23.
Read or Share this story: http://usat.ly/1FnsJ7D