Wall Street analysts rush to Eli Lilly’s defense but investors aren’t listening yet
Jim Cramer and CNBC Investment Club with Jim Cramer on weekdays are organizing a live stream at the “Morning Meeting” at 10:20. Here is a summary of the key moments on Friday. The 1. stocks proceeded on Friday because Wall Street closed a week. The S&P 500 and Dow Jones industrial average were firmly higher. Meanwhile, technology is progressing on the way of another closing record. Next week, all eyes will be on a series of US economic data, most importantly on the inflation front. The Consumer Price Index will be released on Tuesday morning and inferences for the Federal Reserve’s next monetary policy movement. If inflation has increased significantly, it may force this market to reconsider the expectations of a deduction at the Fed’s September meeting. 2. Wall Street analysts came to his defense on Friday, 14% of stocks, who disappointed for the obesity pill and also overshadowed the firm three -month earning report on Thursday. “Yesterday was just a disaster of a day,” said the club’s portfolio analysis director Jeff Marx. Morgan Stanley said the sale was “exaggerated”. Meanwhile, JPMorgan argued that withdrawal in stocks created a “compelling entry point”. Despite his positive Wall Street speech, his Eli Lilly Stock fell 2.5% during Friday trade. Currently there is a lot of hesitation to return to the stock. We feel the same, so the club fell to 3 degrees, that is to say, and reduced our price target from $ 1,000 to $ 800. Analyst community “They all go behind Eli Lilly, but investors [are] Not yet, “Marks added. 3. Meta platforms, the company’s data center expansion to finance the alternative asset manager Blue Owl Capital and Bond giant Pimco reportedly turned. Social media giant shares on Friday (Jim Cramer’s charitable trust, meta. CNBC TV, investment club above 72 hours after being given with our trade assets or duty on our privacy policy.
