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].

  1. MCD:
  2. new egg-white McMuffin:
  3. AAPL:
  4. Apple Conference Disappoints Investors:
  5. Apple Unveils iOS 7, New MacBooks & More:
  6. Even If Innovation Isn’t Dead at Apple, the Stock Sure Is:
  7. LULU:
  8. CEO Christine Day announced plans to step down:
  9. GOOG:
  10. $1.1 billion:
  11. recent rush in M&A activity:
  12. RAD:
  13. Here’s a strategy current RAD shareholders might want to employ:
  14. WMT:
  15. remains near an all-time high:
  16. Check out past “6 Stocks in 60 Seconds” clips here.:
  17. like us on Facebook:
  18. follow us on Twitter:
  19. @alyssaoursler:

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