Tech Five: Google launches carpooling service through Waze in Israel

Google launched a pilot program in Israel for a new commuter carpooling service Monday. The service will be offered through Waze, a Google-owned navigation app, as well as through a separate app called RideWith.

Let's take a look at the tech stocks to watch Monday:

Google (GOOG): Google's carpooling service pairs commuters looking for a ride to or from work with drivers going in the same direction, according to the Wall Street Journal. This service is currently only offered in Israel, however will use the feedback from the pilot program to tweak the app before releasing in other countries.

Xoom (XOOM): Shares of Xoom surged last week after PayPal announced that it was buying the digital money transfer provider. However, pre-market shares of Xoom were slightly down Monday morning. The acquisition is expected to close in the fourth quarter, pending approval from Xoom shareholders and anti-trust regulators.

AT&T (T): The merger between AT&T and DirecTV is expected to be completed early this week. The Department of Justice tentatively approved the $48.5 billion deal, and the acquisition now hinges on approval from the Federal Communications Commission.

Tesla (TSLA): Second-quarter sales of Tesla, one of the biggest sellers of electric vehicles in the U.S., jumped 52%, according to The Wall Street Journal. This second-quarter sales result was significantly better than the forecast that the company had given two months ago in its first quarter earnings release.

Alibaba (BABA): Alibaba's finance affiliate, Ant Financial, just closed a series A funding round that reportedly values the company between $45-50 billion, according to TechCrunch. Shares of Alibaba were down nearly 2% in pre-market trading.

Follow Trisha Thadani on Twitter: @TrishaThadani