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The Score: The Business Week in 7 Stocks

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The Score: The Business Week in 7 Stocks

The Journal’s weekly guide to the ups and downs of the business world

The Score: The Business Week in 7 Stocks

Performance of Amazon and its competitorsSource: SIX
%AmazonWalgreensCVSRite AidUPSFedExJune 27June 28June 29-15-10-505
Amazon.com Inc. – ▲2.5% Thursday

Amazon reached a deal to buy an online pharmacy called PillPack, rattling shares of drugstores, health-insurance companies and drug wholesalers Thursday. The acquisition means Amazon doesn’t have to build capabilities in-house that current players have spent years assembling.Walgreens Boots AllianceInc., CVS Health Corp. andRite Aid Corp. lost more than $11 billion in market value combined. A separate announcement that Amazon would partner with small businesses to deliver some of it packages dented United Parcel Service Inc. and FedEx Corp.

Harley-Davidson performance this weekSource: SIX
June 21June 25June 27404142434445$46
Harley-Davidson Inc. – ▼6% Monday

Harley-Davidson said Monday it plans to shift production of more of its iconic motorcycles overseas to avoid European Union tariffs, a move that sent its shares tumbling. The 31% levy enacted by the EU last week was in response to U.S. tariffs on aluminium and steel, and would raise the cost of each Hog Harley ships to Europe from the U.S. by about $2,200. President Donald Trump on Tuesday condemned Harley’s decision, saying it would mark “the beginning of the end” of the iconic brand. “[T]hey will be taxed like never before!,” he tweeted.

General Electric performance this weekSource: SIX
June 21June 25June 2712.513.013.514.0$14.5
General Electric Co. – ▲7.8% Tuesday

GE shares notched their best day in three years, after the company said Tuesday it would shed two of its units in an effort to reverse a painful slump. GE, whose appliances once filled American homes, will spin off its health care division and sell its ownership stake in oil-services company Baker Hughes. The company also plans to shrink its headquarters operations with $500 million in additional cuts by the end of 2020. The announcement coincided with the first day Walgreens Boots Alliance replaced GE in the Dow Jones Industrial Average.

Lennar performance this weekSource: SIX
June 21June 25June 27484950515253$54
Lennar Corp. – ▲4.9% Tuesday

Low unemployment and increasing wages for U.S. workers fueled a strong second quarter for home builder Lennar, offsetting fears that rising interest rates and higher construction costs would cut into profits. The company reported a 45% profit increase to $310.3 million Tuesday. Its stock rose 4.9%, and fellow home builders D.R. Horton Inc., PulteGroup Inc. and NVR Inc. also climbed. The results came a day after the Commerce Department released data showing that sales of new homes increased in May while sales of existing homes declined that month.

Conagra Brands performance this weekSource: SIX
June 21June 25June 2735363738$39
Conagra Brands Inc. – ▼7.3% Wednesday

Conagra is stocking up on frozen food with an agreement to buy Pinnacle Foods Inc. for about $8.2 billion. Over the past year, Conagra’s Chief Executive Sean Connolly has focused on revamping the company’s older brands like Healthy Choice, Marie Callender’s and Banquet to include trendy ingredients like edamame, kale and quinoa, driving a 3.8% increase in sales. With Pinnacle, he would add brands such as Birds Eye, Hungry-Man and Celeste pizza. But investors sent the company’s shares down Wednesday amid skepticism that the frozen-food renaissance can continue.

Chipotle performance this weekSource: SIX
June 22June 26June 28410420430440450460470$480
Chipotle Mexican GrillInc. – ▼6.3% Thursday

Investors were left cold by the turnaround blueprint unveiled by Chipotle CEO Brian Niccol, who plans to introduce pick-up shelves for mobile orders, add snack foods to the menu and offer a happy-hour promotion each afternoon. The former Taco Bell chief also wants to close underperforming stores and cut some management roles. But there was no immediate plan for aggressive stock buybacks or an international push, and analysts at Guggenheim said that left investors “hangry” on Thursday, when shares suffered their biggest one-day drop since February.

Nike performance this weekSource: SIX
June 25June 27June 2972.575.077.580.0$82.5
Nike Inc. – ▲11% Friday

Nike shares enjoyed their biggest gain in nearly four years Friday after the sportswear company revealed that U.S. sales rose 3% in the most recent quarter, after three straight periods of declines. The company attributed the gains in part to partnerships with e-commerce giants, such as Amazon, and sales through its own website and apps. Nike’s sales directly to customers increased 15% for the year ending in May, compared with growth of 4% in its traditional wholesale business over the same period.


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