The Federal Reserve's insistence on three rate cuts last month has fueled a broad rebound in U.S. equities, although recent hawkish comments from policymakers and strong economic data have weakened the rebound. Wells Fargo also raised its earnings-per-share estimate for the S&P 500 this year to $242 from $235. The revised target represents nearly 6.4% of upside from the index's 5,204.34 points at Friday's close.

Lilly's stock price has climbed triple digits in the past 12 months.

Hawkish comments from Fed officials last week and stronger-than-expected manufacturing and employment reports signaled a vibrant U.S. economy, easing pressure on the Fed to cut rates quickly. The major Wall Street stock indexes posted weekly losses on Friday as traders scaled back their expectations for a June rate cut by the Fed. Investors will be watching for comments from Chicago Fed matron Austan Goolsbee and Minneapolis Fed matron Neel Kashkari later.

The advantages of Meta Platforms are "too numerous to count," according to one analyst.

These dividends are very safe.