Hey, it's Kramer, and this is my morning take on the market from today's CBC Investing Club

morning meeting.

This is a day which I regard as a consolidation day.

Many of the tech stocks that have been completely on fire are not doing well today, but that

is understandable given the fact that they've moved up.

And then meanwhile, some more industrialals and some companies that in health care

are doing very well. And I would say, Jeff, that I don't want to discount any particular day,

but you do have a moment periodically when you have stocks that are up so much. They're going to take

breathers. Absolutely. You do have some strategists warning about some of the huge move in tech stocks.

Why don't we just jump to Eli Lilly? So yesterday, ahead of earnings, it rallies 5%.

You get the numbers.

The numbers were great, now up about 1%.

Obviously, it's up on a spike over the last couple of days.

But it was, you had it up 30 at one point.

Yeah.

Now, just so that people understand, that's a heat-seeking missile. You bought it yesterday,

foom, you nail it for 30. Any trader will want it. That's called scalping. Any trader would

scalp if they bought it yesterday. But the quarter was great. Revenue is up 28% beating estimates,

adjusted earnings up 19%. That was a 19 cent beat. Terppetide manjaro zep bound big sales beats there

manjaro 2.2 billion versus 1.7 billion i know some analysts were talking about there was a one time

roughly 400 million dollar benefit but still a beat zepbound 175 million versus 140 guidance

revenue much better than expected.

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