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Now, time for some of today’s trending tickers.
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We’re going to be watching Alphabet, Dick’s Sporting Goods and Chewy.
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First up is Alphabet.
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Alphabet’s Google was sued by advertising exchange PubMatic, which is seeking billions of dollars over its claim that the search giant has illegally monopolized the ad technology market.
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The lawsuit is a second by an advertising exchange to take aim at the tech giant since a federal judge ruled in April that Google had illegally monopolized two key technology markets, which are ad exchanges and tools used by websites to sell ad space known as servers.
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And I’ll also add that Alphabet hit a record high on the open today.
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Next up is Dick’s Sporting Goods.
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The retailer has completed its acquisition of Foot Locker.
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The deal is expected to deliver between 100 million to $125 million in cost synergies in the medium term, primarily through procurement and direct sourcing efficiencies.
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Dick’s reached a $2.4 billion deal to acquire Foot Locker earlier this year, while both chains rely heavily on selling sneakers, the acquisition brings together two companies with vastly different business models.
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Finally, Chewy.
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Mizuo upgrading the stock to outperform from neutral, citing valuations and expectations for another strong print.
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The upgrade by Mizuo analyst David Belllinger includes a price target increase to $50 from 44.
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Belllinger suggests the recent market activity has created a favorable entry point for investors.
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Chewy will report earnings later this week.
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And you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance’s trending tickers page.
