CNBC Investing Club: Cramer’s Morning Take on Eli Lilly 3/18/26
Squawk on the Street
CNBC
4.0 • 566 Ratings
🗓️ 18 March 2026
⏱️ 3 minutes
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| 0:00.0 | Jim Kramer here to share a short preview of my take on the market from today's |
| 0:06.4 | members-only CNBC Investing Club morning meeting. |
| 0:09.5 | Join the club for full access to the morning meeting every day at 1020 a.m. |
| 0:14.7 | Visit CNBC.com slash morning take to sign up today. |
| 0:19.4 | That's one word, morning take to sign up today. That's one word morning tape. The decision that the United |
| 0:26.5 | States made to actually hit an oil facility, that's something that was unusual, and it drove the |
| 0:32.9 | oil futures up, which then drove the stock market down. And I have to tell you, I feel a little bit more bullish |
| 0:38.5 | than most because I've seen this movie before. In a couple days, we're going to forget that they |
| 0:42.4 | did that and you want to be a buyer of stocks. Yeah, oil back WTI 99. So look, maybe $100 is a psychological |
| 0:51.9 | threshold. Yes, I think so. Maybe that creates maybe some volatility in the markets, but maybe we'll see more action |
| 0:58.2 | from the government to stabilize markets. |
| 1:00.6 | So I have to keep an eye on that. |
| 1:03.1 | In terms of the oscillator, it actually made a pretty big move yesterday, despite little |
| 1:07.9 | movement in the S&P 500, 5.18%. |
| 1:10.9 | So still technically oversold. Right. That's why I came to you. And I said, listen, you know I want to be as big as possible in Cardinal Health. You could say we started too early. I'd say we used the pyramid and we buy here down from our last purchase. And I think that that group is under fire because health care is under fire. Yeah. Interestingly enough, you would think health care would do a little bit better due to all |
| 1:30.1 | these tensions overseas, oil prices, and yet health care has been under the gun the last few days. |
| 1:37.9 | Including Eli Lilly, where you get that pill. |
| 1:39.8 | They start taking the share once again from Novo. |
| 1:42.9 | And people historically have wanted to downgrade Lily because they say it's up a lot. |
| 1:46.7 | And yet I'm talking a multi-year view on, Lily. |
| 1:49.2 | Yeah, it's been a tough year. |
| 1:50.4 | You had that HSBC downgrade yesterday saying the TAM isn't as large as people think. |
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