by Alyssa Oursler | June 12, 2013 8:30 am
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.
Source URL: http://investorplace.com/2013/06/lululemon-drops-6-stocks-in-60-seconds/
Short URL: http://investorplace.com/?p=359139
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.