From Nasdaq: 2024-04-25 16:31:00

Meta Platforms’ stock saw a decline after exceeding Q1 earnings expectations but giving underwhelming guidance. However, tech companies like CACI International, Lam Research, and Teradyne all outperformed in their recent earnings reports. Market uncertainty persists as GDP data slows, leading to a -1% selloff in major indexes like the S&P 500.

CACI International’s stock surged 5% despite market downturns, with strong Q4 earnings beating expectations and showing steady growth potential. Lam Research also performed well, with Q3 earnings surpassing estimates by 7% and an expected 20% jump in FY25 earnings. Teradyne saw a 7% stock increase with consistent quarterly outperformance dating back to 2012.

Investors may find CACI, Lam Research, and Teradyne attractive with their Zacks Rank #2 (Buy) ratings and recent positive earnings reports. Analysts anticipate price target increases, making it an opportune time to invest. Zacks Investment Research offers a free report on 5 dividend stocks for retirement planning, with unconventional insights and advice.

Overall, tech stocks like CACI International, Lam Research, and Teradyne show promise despite market fluctuations. For more investment ideas and analysis, consult Zacks Investment Research for updated recommendations and reports.



Read more at Nasdaq: Top Tech Stocks Moving Higher After Earnings