Morning Buzz: Groupon (GRPN), Apple (AAPL), Yahoo (YHOO), Alphabet Inc. (GOOG), Fitbit (FIT)

wall street

Shares of Groupon, Inc. (GRPN) are higher by nearly 6% to $4.33 this morning extending their Friday gains, following reports that Alibaba (BABA) has bought 33 million shares, or a 5.6% stake, in the daily deals and e-commerce website operator.

Apple Inc. (AAPL) – The tech giant on Monday called for the creation of a government commission or panel of tech, intelligence and civil liberties experts to discuss “the implications for law enforcement, national security, privacy and personal freedoms.”

“Apple would gladly participate in such an effort,” Cupertino, California-based co. wrote in a post on its website entitled “Answers to your questions about Apple and security.

Apple is fighting a demand by the FBI asking the iPhone maker to unlock an iPhone used by one of the San Bernardino shooters. Apple said “the best way forward would be for the government to withdraw its demands” to unlock the phone.

Shares of Apple advanced to $96.04 in the previous session in New York and have risen less than one percent in pre-market trading Monday.

Yahoo! Inc. (YHOO) in the green this morning, up 2% to $30.60, following a Bloomberg report saying the web portal will begin approaching potential corporate and private equity buyers as soon as today as the company seeks bidders for its core business.

Alphabet Inc. (GOOG) – Bloomberg reports that the European Union is again looking into Google’s (GOOG) advertising practices.

Shares of Fitbit Inc. (FIT) are up 4.87% at $16.36 this morning despite a cautious WSJ column on the provider of wearable fitness-tracking devices saying the company’s Q4 earnings “aren’t likely to shake the bearish long-term view that has mauled the stock”. Fitbit shares have declined 12.31% in the last 4 weeks and 45.70% in the past three months. The San Francisco-based company reports its Q415 earnings after today’s close. Wall Street analysts are on average expecting the name to post $647.94 million in sales during the quarter. This would show a 58.30% increase from the Q315 revenue of $409.3 million. EPS in Q415 are expected to come in at $0.25. however, reports a whisper number of $0.34 per share.

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