1 Reason to Buy Eli Lilly Stock Hand Over Fist Right Now

Pharmaceutical powerhouse Eli Lilly (NYSE: LLY) is having a terrific 2024. Shares have gained 58% so far this year, handily outperforming both the S&P 500 and Nasdaq Composite indexes.Much of the share price appreciation can be attributed to Lilly's success in the diabetes and obesity care markets thanks to its blockbuster glucagon-like peptide-1 (GLP-1) agonists, Mounjaro and Zepbound. Moreover, Lilly made headlines back in July as the company's Alzheimer's drug, donanemab, received approval from the Food and Drug Administration (FDA).About a month ago, Lilly secured another big win that I think is being overshadowed by the company's success in other areas of the healthcare realm. Below, I'm going to break down Lilly's latest milestone and explain why I see now as a great opportunity to scoop up shares.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool