Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

Page 15 of 16

2. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders In Q3 2024: 106

Eli Lilly and Company (NYSE:LLY) is one of the hottest stocks in the pharmaceutical industry because of its strong position in the weight loss drug market. Its shares have gained 183% since the start of 2022. Along with weight loss drugs, Eli Lilly and Company (NYSE:LLY) also targets other lucrative disease markets such as cancer. These provide it with a portfolio of pricey treatments that help drive revenue. However, looking ahead, growing competition in the weight loss market particularly through affordable generics could create headwinds for Eli Lilly and Company (NYSE:LLY). Cramer’s a believer, though:

“Lilly is better [COMPARED TO NOVO], and that’s why Lilly’s stock is up, you know at one point Lilly’s stock was up by 80. That seemed to be aggressive, but Lilly’s got the better data and so therefore this is one of those where whoever loses the most wins. And Lilly’s going to win.

“Now I can’t wait to speak to David Ricks at the JPMorgan healthcare conference, in a couple of weeks because what you’re gonna find is they have so much in the pipe, so many different kinds. People continue to underestimate what Mr. Ricks is working on at Eli Lilly. You know Carl these drugs are going to be very very big again as we get toward a pill, and as we get toward ones that don’t kill, that don’t take a lot of protein away. It’ll be hard pressed for Bobby Kennedy Jr. to say that diet and exercise are enough.

“I mean Novo was this, this was a lot more than we thought that you know what they have it and they can equal or, or exceed Lilly. And they can’t. Lilly up 44. I go back to what the great Ken Langone told me, he thinks it’s a billion dollar company. You know Ken’s one of the great healthcare investors of our time. Trillion dollar company, sorry, and if you believe like I do that Ken Langone is an amazing investor then you still buy Eli Lilly which is why we bought it when it was much lower for the charitable trust.”

Page 15 of 16