Eli Lilly's GLP-1 demand drives up stock price post-Q1 results

Eli Lilly News

Eli Lilly's GLP-1 demand drives up stock price post-Q1 results
Evan SeigermanDemand
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Shares of Eli Lilly (LLY) are soaring in Tuesday's trading session after the company raised its full-year guidance, driven by the surging demand for its...

are soaring in Tuesday's trading session after the company raised its full-year guidance, driven by the surging demand for its offerings. BMO Capital Markets BioPharma Equity Research Managing Director Evan Seigerman joins the Morning BriefAddressing the competitive landscape Seigerman says it's"unlikely that any competitors are going to be out there in the next couple of years.

Seigerman highlights that the company is becoming"more and more efficient," opening additional facilities to support the surging demand. However, he notes that demand is through the roof, making it challenging to keep up. The analyst adds that his price target for the company is $900, but the stock's performance will be"driven by how quickly they can ramp up supply because the demand is there.

Given their healthy growth prospects and attractive valuation, I am bullish on these three stocks ahead of the next bull run. The post 3 No-Brainer Stocks to Buy Before a Bull Run appeared first on The Motley Fool Canada.In this piece, we will take a look at the 13 best extremely profitable stocks to invest in. If you want to skip our overview of the current stock market news and what profitability entails, then you can skip ahead to 5 Best Extremely Profitable Stocks to Invest in.

Tony Robbins is an expert on building wealth, but he didn't get there overnight. He spent years working with and learning from some of the most successful investors of all time -- including hedge...The Canadian dollar edged up to a near three-week high against its U.S. counterpart on Monday as risk sentiment improved and ahead of monthly GDP data this week that could offer clues on the strength of the domestic economy. The loonie was trading 0.1% higher at 1.3656 to the U.S. dollar, or 73.

OTTAWA -Canada's economy likely weakened in the first quarter, data from Statistics Canada showed on Tuesday, bolstering expectations that the Canadian central bank would have more reason to cut interest rates in June. Canada's gross domestic product rose 0.2% in February, less than analysts' estimates, while growth in March likely remained muted, Statistics Canada said.

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