Stock Movers: Meta Falls, Chipotle Plunges, Eli Lilly Jumps

Meta's Spending and Stock Performance

• 📉 Meta Platforms shares are down as much as 14%, marking their worst day in over a year, due to investor concerns about significant spending.
• 💰 The company plans to raise at least $25 billion in an investment-grade bond sale to fund its AI initiatives and infrastructure investments.
• 📊 Meta, along with other AI giants like Alphabet and Microsoft, is expected to report substantial capital expenditures, underscoring their AI bets.

Chipotle's Outlook and Consumer Spending Concerns

• ⚠️ Chipotle is the worst-performing stock in the S&P 500, falling as much as 22%, its worst day since 2012.
• 🍽️ The company cut its full-year outlook for the third time, citing diners pulling back from eating out and broader concerns about consumer spending.
• 📈 Rising costs, including beef prices and new tariffs, are also contributing factors to Chipotle's performance challenges.

Eli Lilly's Guidance Boost and Drug Performance

• 📈 Eli Lilly shares are up approximately 3.7%, with a year-to-date gain of about 9%, following a guidance boost.
• 💊 The company raised its full-year guidance driven by strong revenue from its weight loss drug (Zepbound) and diabetes drug (Mounjaro).
• 💰 These two drugs combined exceeded expectations by nearly $1.3 billion, with the diabetes drug contributing the majority of the beat.