Tech Five: Apple's aggressive music push
Apple's quest to bolster Beats Music may have gotten the attention of the Department of Justice. Let's take a look at the tech stocks to watch Monday:
Apple. The tech giant is pushing music labels to drop licenses that allow competing services like Spotify to offer music for free, reports The Verge. Citing multiple sources, the report says the Justice Department is monitoring Apple's business practices related to Beats Music, which will likely be revealed during June's Worldwide Developers Conference in San Francisco.
Groupon. The daily deals site reports first quarter earnings after the markets close Tuesday. Analysts project earnings of a penny per share off revenue of $817 million.
Cisco. Shares of the networking giant are up slightly after the company named Chuck Robbins as its next CEO. Current chief John Chambers will stay on as executive chairman. The change takes effect in July.
Twitter. Floyd Mayweather wasn't Saturday night's only winner: Twitter-owned Periscope and rival Meerkat piled up a few hits after multiple users took advantage of the live video service to broadcast the fight.
Electronic Arts. The video game publisher announces fourth quarter earnings after the markets close Tuesday. EA is expected to report revenue of $849 million with earnings of 25 cents a share.
Follow Brett Molina on Twitter: @brettmolina23.