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Earn Your Leisure

Understanding the Recent Drop in Eli Lilly Stock - Big Concerns or Big Opportunities?

Earn Your Leisure

iHeartPodcasts

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 23 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Welcome back to another insightful clip of Market Mondays! In this clip hosts, Troy Millings and Ian Dunlap, dive deep into the recent movements in Eli Lilly's stock. With a 26% drop from its peak of $972 to $718, many investors are questioning whether this is a cause for alarm or a golden opportunity to buy.


Ian and Troy break down the situation, examining the factors behind the stock's recent performance. They consider the influence of political lobbying and the potential impact of RFK's policies on the pharmaceutical space. The insight provided includes a crucial lesson on understanding quarterly ranges and recognizing when stock prices revert to their normal range after periods of exuberance.


Discussing the pharmaceutical giants Eli Lilly and Novo Nordisk, our hosts highlight the strengths of both companies but ultimately favor Eli Lilly for its better management, competitive advantages, and robust product portfolio. Despite recent earnings misses on key products like Zip Hound and Mounjaro, Ian and Troy emphasize that Eli Lilly's diversified portfolio, which includes one of only two Alzheimer’s drugs on the market, solidifies its place as a top-tier company in the industry.


Troy and Ian also share valuable investment strategies, advising against buying assets near their all-time highs and highlighting the importance of patience and long-term holding. They encourage viewers to do their homework, understand the competitive advantages of top companies, and take advantage of market pullbacks rather than succumbing to fear.


Towards the end, the discussion turns philosophical, touching on broader themes of financial responsibility, the importance of long-term thinking, and the pitfalls of short-term trading. Ian passionately urges viewers to hold their investments for at least five years to truly reap the benefits and avoid the common mistakes of impulsive selling.


Whether you are a seasoned investor or just starting on your investment journey, this episode of Market Mondays Medium is packed with practical advice, deep insights, and thought-provoking discussions. Don't forget to like, subscribe, and hit the notification bell to stay updated with all our latest episodes.


**Hashtags**:

#MarketMondays #EliLilly #StockMarket #Investing #Finance #Pharmaceuticals #LongTermInvesting #IanDunlap #TroyMillings #InvestmentStrategy #StockAnalysis #BuyTheDip #FinancialEducation #NovoNordisk #WealthBuilding #HoldFor5Years #PoliticalLobbying #AlzheimersDrug #EarningsReport #InvestmentTips #AmericanBusiness



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Transcript

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0:00.0

Hey, order up.

0:03.0

Small Business Saturday is right around the corner, and so is that shop you've been meaning to check out.

0:08.0

On November 30th, support your local community by Shopping Small on Small Business Saturday, founded by American Express.

0:15.2

You made it through all the starts and stops of your tech business.

0:18.9

And when you're with Amex Business Platinum,

0:21.3

you can count on a network of benefits to keep going,

0:24.3

including access to over $1,000 in business and travel value annually.

0:28.2

And thanks to five times membership rewards points on flights and prepaid hotels booked on

0:32.8

amex travel.com,

0:34.4

you and your plugged-in engineers can get rewarded for working in the cloud.

0:38.6

That's the powerful backing of American Express.

0:41.5

Terms apply.

0:42.2

Learn more at Americanexpress.com slash amex business.

0:45.2

Eli Lilly.

0:47.4

Stock peaked at $9702.

0:52.6

Now it's around 718, 26% drop. So we always talk about 20% drops.

1:01.4

It's always a good indicator to start buying. So is it reason for concern or is it just a buying

1:10.5

opportunity?

1:11.9

I know a lot of people are concerned if RFK is going to adjust or cause the entire

1:16.6

farmer space to fall apart.

1:19.5

There's a phrase I want you to look up today.

1:23.0

It's called political lobbying and who contributes the most.

...

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