Lockheed Martin – Operates as a global security and aerospace company
Lockheed Martin (NYSE: LMT) is scheduled to announce Q2 results at 3 PM GMT today. The consensus EPS estimate is $5.72 (+14% year-on-year) and the consensus revenue estimate is $15.19 billion (+5.3% year-on-year).
In June, Lockheed Martin was awarded 27 contracts valued $3.2 billion, and the total stand at almost $30 billion since the beginning of 2020. The defense businesses are not tied as much as other sectors to the global economy, as they are more tied to the government budget cycles and global conflicts.
Snap Inc. – A camera application that helps people to communicate through short videos and images called Snaps
Snap Inc. (NYSE: SNAP) is scheduled to announce Q2 results at 9 PM GMT today. The consensus EPS estimate is -$0.10 (-66.7% year-on-year) and the consensus revenue estimate is $442.19 million (+14.0% year-on-year).
Software application and internet stocks are among the biggest winners this year amid the historic market volatility. Technology companies have been generally resilient to the economic disruptions caused by the COVID-19 pandemic, benefiting from excessive usage due to people being restricted at home and lack of human interaction.
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