Thursday’s Headlines: Google Goes Window Shopping

Thursday’s Headlines: Google Goes Window Shopping

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

Evolent Health (EVH) +7.2%

Hain Celestial (HAIN) +6.9%

Axos Financial (AX) +3.7%

Calavo Growers (CVGW) +3.3%

FactSet (FDS) +2.9%

Moving Down ⬇️

Stitch Fix (SFIX) -5.1%

Wix (WIX) -4.5%

StoneCo (STNE) -4.5%

Twitter (TWTR) -3.8%

Teladoc (TDOC) -3.3%

1. Google (GOOG) is trying to bring the magic of window shopping online with a new update to its search functionality. The ad giant is aiming to inject more product discovery into its search results to make them more shoppable by creating a more visual experience. In a bid to inspire shoppers to spend more money, rather than searching for a specific keyword and being presented with a long list of blue links, users will now see more product information, reviews, styling guides, and videos. The new layout will allow shoppers to come across different brands which should boost Google’s ad sales from retailers. See more on the story here

2. Reports that Walgreens Boots Alliance was considering acquiring Evolent Health (EVH) sent the medical IT service company’s shares soaring as much as 18% yesterday. Following the news, Evolent stock closed up over 7% on Wednesday while shares of Walgreens finished up more than 1%. Evolent only went public in 2015 but since then it has been under severe pressure from activist investor, Engaged Capital, to sell the business. While it is not usually a good thing for a company you have invested in to be acquired in a take-over, the sheer size of this deal from the pharmacy-chain giant proves the strength of Evolent Health’s product. Get the full story here

3. Amazon (AMZN) has finally reached a settlement with two ex-employees who said they were fired for workplace activism. The National Labor Relations Board claimed they were illegally fired for publicly speaking out about the e-commerce leader’s climate record and labor policies. As part of the deal, Amazon will pay back both of the former employee’s wages and “post a notice to all of its tech and warehouse workers nationwide that Amazon can’t fire workers for organizing and exercising their rights.” The win for protecting employees' rights is also a step in the right direction for Amazon, which has recently come under fire for labor issues. Read more here.  

NicoleNicole

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