Lululemon Drops: 6 Stocks in 60 Seconds

A quick video recap of recent movers and shakers

   

Fast-food king McDonald’s (MCD) rose around 2% Monday after the company announced that global same-store sales rose a better-than-expected 2.6% last month — partly in thanks to its new egg-white McMuffin. The stock relinquished most of those gains yesterday, however.

Apple‘s (AAPL) Worldwide Developer Conference kicked off Monday, and the company debuted its iOS 7 operating system, among other products. Still, Wall Street seems skeptical about the company’s future, as the one-time tech darling has lost more than 17% this year so far.

More on the conference:

Lululemon (LULU) stock plummeted 17% yesterday despite a solid quarterly earnings release. The reason? CEO Christine Day announced plans to step down pending the naming of a replacement. Day said the decision was made for personal reasons.

Google (GOOG) announced Monday that it had purchased Waze — a hot navigation app — for $1.1 billion. The deal was just one example of a recent rush in M&A activity.

Next up, we have a surprising high-flier: drugstore chain Rite Aid (RAD). The stock is up around 5% so far this week, continuing a run that has seen RAD shares more than double in 2013 alone. Here’s a strategy current RAD shareholders might want to employ before the company reports earnings next Thursday.

Last but not least, Walmart (WMT) — whose stock price remains near an all-time high — held its annual shareholder meeting late last week and has been working to rid its brand of negative shopper stereotypes. So far this year, the big-box retailer is lagging the market with 10% YTD gains.

Check out past “6 Stocks in 60 Seconds” clips here.

For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook or follow us on Twitter. As of this writing, Alyssa Oursler was long MCD. Follow her on Twitter: @alyssaoursler.


Article printed from InvestorPlace Media, http://investorplace.com/2013/06/lululemon-drops-6-stocks-in-60-seconds/.

©2014 InvestorPlace Media, LLC

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