Lululemon Drops: 6 Stocks in 60 Seconds

by Alyssa Oursler | June 12, 2013 8:30 am

Fast-food king McDonald’s (MCD[1]) 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[2]. The stock relinquished most of those gains yesterday, however.

Apple‘s (AAPL[3]) 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[7]) stock plummeted 17% yesterday despite a solid quarterly earnings release. The reason? CEO Christine Day announced plans to step down[8] pending the naming of a replacement. Day said the decision was made for personal reasons.

Google (GOOG[9]) announced Monday that it had purchased Waze — a hot navigation app — for $1.1 billion[10]. The deal was just one example of a recent rush in M&A activity[11].

Next up, we have a surprising high-flier: drugstore chain Rite Aid (RAD[12]). 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[13] before the company reports earnings next Thursday.

Last but not least, Walmart (WMT[14]) — whose stock price remains near an all-time high[15] — 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.[16]

For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook[17] or follow us on Twitter[18]. As of this writing, Alyssa Oursler was long MCD. Follow her on Twitter: @alyssaoursler[19].

Endnotes:

  1. MCD: http://studio-5.financialcontent.com/investplace/quote?Symbol=MCD
  2. new egg-white McMuffin: https://investorplace.com/2013/03/mcdonalds-to-rollout-lower-calorie-mcmuffin-nationwide/
  3. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  4. Apple Conference Disappoints Investors: https://investorplace.com/247trader/apple-aapl-conference-disappoints-investors/
  5. Apple Unveils iOS 7, New MacBooks & More: https://investorplace.com/2013/06/apple-unveils-ios-7-new-macbooks-more/
  6. Even If Innovation Isn’t Dead at Apple, the Stock Sure Is: http://slant.investorplace.com/2013/06/even-if-innovation-isnt-dead-at-apple-the-stock-sure-is/
  7. LULU: http://studio-5.financialcontent.com/investplace/quote?Symbol=LULU
  8. CEO Christine Day announced plans to step down: https://investorplace.com/2013/06/lululemon-ceo-day-will-step-aside-lulu/
  9. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  10. $1.1 billion: http://www.reuters.com/article/2013/06/10/us-ar-google-waze-idUSBRE9580AD20130610
  11. recent rush in M&A activity: https://investorplace.com/2013/06/merger-monday-whos-the-big-winner/
  12. RAD: http://studio-5.financialcontent.com/investplace/quote?Symbol=RAD
  13. Here’s a strategy current RAD shareholders might want to employ: https://investorplace.com/2013/06/earnings-loom-for-rocketing-rite-aid/
  14. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  15. remains near an all-time high: https://investorplace.com/2013/06/walmarts-marketing-another-reason-for-a-lifetime-holding-wmt-tgt-amzn-ebay-cost/
  16. Check out past “6 Stocks in 60 Seconds” clips here.: https://investorplace.com/hot-topics/6-stocks-in-60-seconds/
  17. like us on Facebook: http://www.facebook.com/investorplace
  18. follow us on Twitter: https://twitter.com/InvestorPlace
  19. @alyssaoursler: https://twitter.com/alyssaoursler

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