Fast-food king McDonald’s () 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 () 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 () 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 () announced Monday that it had purchased
Waze — a hot navigation app — for . 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 (). 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 () — 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.
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