50% off Premium Yearly

NYSE:LLY
Has done well. Their diabetes drug is effective for weight loss, which is pending approval, but would open a new market. She expects approval. Stock price reflects this approval though. Weight loss is a lucrative market given obesity levels around the world. The PE is too high for her, but may buy on a pullback.
The whole drug industry has been under pressure for the past 30 years and is having more and more trouble coming up with new drugs. R&D costs are increasing so he doesn't like the pharmaceutical industry in general. In response to a question regarding the currency component he doesn't feel it is an issue.
At one point this year was the worse-performing stock. Their weight-loss drug is energizing shareholders, but the government needs to approve it. He urged buying during last month's dip. Eli Lilly also has a promising Alzheimer's drug in the pipeline, so it's no one-trick pony. Shares have rebounded to 2023 highs.