Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo finance ticker searches:
The Gap (GPS): The biggest apparel-focused retailer in the U.S. surging over 5% today on strong July sales. For the month, the retailer reported a much better than expected two percent rise in same-store sales, and second quarter guidance was better than expected. In something of a surprise, Gap's results were helped by strong sales at Banana Republic, which had soft sales last month.
Lululemon (LULU): Shares of the Vancouver-based yoga apparel maker popping a bit after the company settled its long simmering dispute with its founder, Dennis 'Chip' Wilson. Wilson, who at one time said yoga wear wasn't for everyone, is selling half his twenty-seven percent stake in the company to private equity firm Advent International for $845 million. The two sides have agreed to avoid waging a proxy war, sparing the company a costly and hostile battle for control. Wilson had become more combative after challenging the direction of the company taken by Michael Casey, his successor as Chairman.
McDonald's (MCD): All is not well at the golden arches, with shares falling on weak July sales. The world's largest restaurant chain reported U.S. sales that missed the mark, the third straight month of declines, as well as sales in Asia that were hit hard. McDonald's China sales were hurt badly by the repackaged expired meat scandal, which lead to the company having to temporarily halt certain meat sales. With food supplier controversies and new competitors taking it to McDonalds, CEO Don Thompson has his hands full in seeking to turn around the Oakbrook, Illinois based company's fortunes.
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