Top stocks Meta Platforms, Lockheed Martin, and Eli Lilly report strong Q2 earnings

From Nasdaq: 2024-09-04 07:12:00

Investment Ideas feature highlights Meta Platforms, Lockheed Martin, and Eli Lilly as big winners from Q2 earnings season. S&P 500 index expects a 3.8% increase in Q3 earnings and 4.6% higher revenues compared to last year. Meta Platforms raises AI CapEx and projects to become the most used AI assistant globally, while Eli Lilly’s robust demand leads to a sales guidance upgrade by $3 billion.

Lockheed Martin, the largest defense contractor globally, saw a 6% increase in EPS and 9% in revenue, generating nearly $1.3 billion in free cash flow. The Q2 earnings season was resilient, showing no major concerns, with META, LMT, and LLY stealing the spotlight. Zacks’ Top Stocks have consistently outperformed the S&P, providing valuable opportunities for investors.



Read more at Nasdaq: Zacks Investment Ideas feature highlights: Meta Platforms, Lockheed Martin and Eli Lilly