(Reuters) -Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.
Here are some reactions to Lilly joining the trillion dollar club:
EVAN SEIGERMAN, ANALYST AT BMO CAPITAL MARKETS
"The current valuation points to investor confidence in the longer-term durability of the company's metabolic health franchise. It also suggests that investors prefer Lilly over Novo in the obesity arms race. Taking a step back, we're also seeing money rotate into the sector as investors may be worried about an AI bubble."
HANK SMITH, DIRECTOR & HEAD OF INVESTMENT STRATEGY AT LILLY SHAREHOLDER HAVERFORD TRUST
"Investors have historically liked secure earnings growth and (Eli Lilly) is the only large cap pharma that has that kind of earnings profile."
(Reporting by Siddhi Mahatole and Shashwat Chauhan in Bengaluru; Editing by Leroy Leo)
latest_posts
- 1
Unwind: Four Extraordinary Spa Resorts On the planet - 2Free Fuel Giveaway Sparks Traffic Mayhem Before Police Shut It Down
- 3I'm a hypnotherapist who helps day traders who are losing money. Here's why I think hypnosis works.
- 44 Creative Savvy Home Gadgets of 2024: Reforming Home Robotization and Security
- 5Wonderful Sea shores All over the Planet
- Germany paves the way for tighter EU asylum rules
- African nations push to recognize crimes of colonialism in Algeria
- Countdown to Artemis II: What to know about NASA's moon mission
- Step by step instructions to Get the Best Vehicle Rent Arrangement: Insider Tips and Systems
- Figure out How to Adjust Work, Life, and an Internet based Degree
- Figure out How to Consolidate Cutting edge innovations in Senior's SUVs
- Trump administration launches new immigration crackdowns in New Orleans and Minneapolis. Here are all the cities it has targeted so far.
- Astrophotographer captures rare footage of the Hubble Telescope crossing the sun (video)
- Astronomers detect black hole blasting winds at incredible speeds
