6 stocks to watch on Tuesday: Walgreens, Alibaba, Pinterest and more
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Wall Street showed uncertainty before the opening bell on Tuesday, following up on a mixed performance the previous day. Doubt about the near-term future of Federal Reserve policy has led to a lack of clear direction. Here are some stocks to watch on Tuesday:

Walgreens Boots (NASDAQ:WBA) rose in premarket trading after the drugstore chain beat projections with its Q2 earnings. The company's revenue figure also exceeded expectations, rising 3.3% to $34.9B and beating analysts' consensus by $1.34B. Shares rose almost 2% before the opening bell.
Alibaba (BABA) reportedly plans to break up into six units, with each looking for fundraising or a possible initial public offering. According to Bloomberg, the six units would consist of e-commerce, media, the cloud, meal delivery, logistics and digital media and entertainment.
Pinterest (PINS) revealed that it plans to incur $100M-$125M in charges as part of a restructuring plan that includes leaving some offices and subleasing others. The social media firm will sublease its leased office space in San Francisco and abandon "certain other leased office spaces."
McCormick (MKC) rose 3% after the company beat expectations with its Q1 results. "We drove considerable improvement in our gross margin performance in the first quarter, despite experiencing the highest cost inflation we expect for the year," the company's CEO said, as price increases drove an 11% advance in sales at the spice manufacturer.
Micron Technology (MU) is scheduled to release its quarterly results after the closing bell. The maker of memory chips is projected to earn $0.88 per share on revenue of $3.71B. The financial figures will also give a fresh glimpse into the state of the semiconductor sector.
Lululemon (LULU) is also slated to release its earnings announcement in the postmarket period. Analysts expect the maker of athletic and casual apparel to post quarterly EPS of $4.26. Revenue is projected to come in at $2.7B.


For more on the overall action on Wall Street, see why Seeking Alpha contributor Victor Dergunov says "the bottom is close" for the stock market.