Stocks Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.
Eli Lilly and Company (LLY) operates in the global healthcare industry with a focus on pharmaceuticals. Recently, the company's stock made significant gains in the market.
LLY stock is up 5.5% on Aug 9, 2024 19:36
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
https://www.cnbc.com/2024/08/09/eli-lillys-earnings-rally-is-not-done-yet-plus-why-tjx-has-stayed-resilient-in-the-volatility.html
It was a second straight day of gains for Eli Lilly shares following the drugmaker''s blowout second-quarter earnings report.
https://www.investopedia.com/eli-lilly-stock-keeps-climbing-after-drugmaker-s-strong-earnings-report-8693349
David Harden, Summit Global Investments CEO and CIO, joins ''The Exchange'' to discuss the market, the spike in the VIX index, Eli Lilly, Microsoft, EV maker Tesla, and more.
https://www.cnbc.com/video/2024/08/09/microsoft-has-biggest-opportunity-take-advantage-of-ai-monetarily-says-david-harden.html
The stock market is currently in a rotation. Traders are moving capital from aggressive growth and technology names to find safety in other sectors of the market. Healthcare has been one of the beneficiaries of this switch. People tend to get sick and need medical care regardless of what’s going on with the economy. In addition, America’s aging demographics will invariably lead to higher healthcare spending over time. While the long-term case for healthcare makes sense, valuations are starting to get out of hand across much of the sector. Especially with the upcoming presidential election which could usher in significant regulatory changes for the industry. The time has come for these three healthcare stocks to sell.
https://investorplace.com/2024/08/3-healthcare-stocks-to-sell-in-august-before-they-crash-burn/
<p>New York: US stocks slipped after markets opened on Friday as traders appeared wary at the end of a rocky week that began with a dramatic sell-off.</p> <p>Around 15 minutes into trading, all three major indices on Wall Street were trading lower, with the Dow Jones Industrial Average leading the mild decline, falling 0.3 percent to 39,313.65.</p> <p>The broad-based S&P 500 was down 0.2 percent at 5,308.59, while the tech-rich Nasdaq slipped 0.3 percent to 16,616.52.</p> <p>"The stock market could settle this week roughly unchanged with the Nasdaq Composite and S&P 500 sitting on declines of 0.5% and 0.7%, respectively, since last Friday," Briefing.com analysts wrote in a blog post before markets opened.</p> <p>They pointed to a pre-open gain in the so-called "mega caps" worth at least $200 billion, and chipmakers.</p> <p>Among individual stocks, Paramount Global was trading 2.3 percent higher after announcing it would cut around 15 percent of its workforce as part of a cost-cutting plan.
https://thepeninsulaqatar.com/article/09/08/2024/us-stocks-edge-lower-at-end-of-rollercoaster-week
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