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:
- Apple Conference Disappoints Investors
- Apple Unveils iOS 7, New MacBooks & More
- Even If Innovation Isn’t Dead at Apple, the Stock Sure Is
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.
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.
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.