5 Best Investments for Beginners in 2024

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In this article, we will look at the 5 best investments for beginners in 2024. To go through our recent market trends and activity analysis, you can go directly to see the 12 Best Investments for Beginners in 2024.

5. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 102

Quarterly Revenue Growth: 25.98%

Founded in 1876, Eli Lilly and Company (NYSE:LLY) stands as a renowned American pharmaceutical firm headquartered in Indianapolis, Indiana. Named in honor of its founder, Colonel Eli Lilly, a pharmaceutical chemist and veteran of the Civil War, the company boasts a global footprint, with operations spanning across 18 other countries. Eli Lilly and Company (NYSE:LLY) presently distributes a quarterly dividend of $1.30 per share and has consistently raised its dividends over the past decade. Notably, the company has an track record of uninterrupted dividend payments spanning 138 years. As of May 4, the stock offers a dividend yield of 0.71%.

By the conclusion of December 2023, 102 out of the 933 hedge funds analyzed by Insider Monkey had acquired and maintained shares of the company. Among these investors, Ken Fisher’s Fisher Asset Management held the largest stake in Eli Lilly and Company (NYSE:LLY), valued at $2.6 billion.

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