LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

We’re taking a nearly 300% profit on a hot drug stock — adhering to an investing rule to live by

Robert Frost by Robert Frost
September 3, 2024
in Industries
We’re taking a nearly 300% profit on a hot drug stock — adhering to an investing rule to live by
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Shortly after the opening bell, we’ll be selling 10 shares of Eli Lilly at roughly $958 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 100 shares of LLY, decreasing its weighting to 2.85% from about 3.13%. Now that we are no longer restricted, we are selling some Eli Lilly shares. We downgraded Lilly stock to our 2 rating last Tuesday on its rebound to a new all-time high. We previously upgraded Lilly to our buy-equivalent 1 rating in July in the mid- $800s when the stock fell on concerns about competition in the fast-growing GLP-1 class of diabetes (Mounjaro) and weight-loss (Zepbound) drugs. Those worries quickly proved to be overbought after its second-quarter earnings report , which cemented its GLP-1 leadership through improving supply. LLY 1Y mountain Eli Lilly YTD This trim, however, is all about discipline. We have let the stock run for almost one full year. Our previous sale was at $591 in September 2023. With Lilly shares up more than 60% since then, we don’t want to catch ourselves being too greedy. We’ll realize a fantastic gain of 288% on stock purchased in January 2022. (Jim Cramer’s Charitable Trust is long LLY. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.



Source link

You might also like

If you think electric bikes are bad, there’s a much bigger menace hitting our roads

The Dodge Neon deserves a comeback – and Stellantis could do it tomorrow

Does Faraday’s FX Super One show us how Chinese EVs will get into the US?

Share30Tweet19
Previous Post

Go.Compare moves HQ to LGIM’s Hodge House in Cardiff | Property Week

Next Post

Cardano down 75% vs. Bitcoin 2 years after Charles Hoskinson questions BTC longevity

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

If you think electric bikes are bad, there’s a much bigger menace hitting our roads
Industries

If you think electric bikes are bad, there’s a much bigger menace hitting our roads

July 20, 2025
The Dodge Neon deserves a comeback – and Stellantis could do it tomorrow
Industries

The Dodge Neon deserves a comeback – and Stellantis could do it tomorrow

July 20, 2025
Does Faraday’s FX Super One show us how Chinese EVs will get into the US?
Industries

Does Faraday’s FX Super One show us how Chinese EVs will get into the US?

July 19, 2025
Review: The tech-forward Meepo Go electric skateboard is a smooth, speedy ride for all [Video]
Industries

Review: The tech-forward Meepo Go electric skateboard is a smooth, speedy ride for all [Video]

July 19, 2025
Next Post
Cardano down 75% vs. Bitcoin 2 years after Charles Hoskinson questions BTC longevity

Cardano down 75% vs. Bitcoin 2 years after Charles Hoskinson questions BTC longevity

Related News

Climate activists hailed by Fearnley-Whittingstall for ‘putting liberty at risk’

Climate activists hailed by Fearnley-Whittingstall for ‘putting liberty at risk’

September 3, 2023
Fourteen killed as small plane crashes in Brazilian rainforest

Fourteen killed as small plane crashes in Brazilian rainforest

September 17, 2023
E-bike company apologizes, recalls electric bike model after lawsuit

E-bike company apologizes, recalls electric bike model after lawsuit

May 31, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?