LLY - Is Eli Lilly the Best Pharmaceutical Stock for You?
2024-03-09 05:07:00 ET
Regardless of your investment style, adding a few pharmaceutical stocks to your portfolio is a great idea. These players offer you a certain amount of stability because, no matter what's happening in the general economy, people always need their medicines. This generally translates into steady earnings growth for these companies, and pharma companies often share the rewards with investors by offering dividends too.
But pharma giants aren't only about stability. Certain companies also may offer you a significant amount of growth, and that brings me to the subject of Eli Lilly (NYSE: LLY) . Shares of this pharmaceutical powerhouse have soared more than 150% over the past year as investors bet on the company's future in the global weight-loss drug market. At the same time, Lilly's earnings have climbed thanks to its weight-loss drugs and other growth products.
Could Eli Lilly be the best pharmaceutical stock for you? Let's find out.
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Is Eli Lilly the Best Pharmaceutical Stock for You?