Cramer's Morning Take: Eli Lilly & Bristol Myers 12/4/24
Dec 4, 2024
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Discover the promising results of Eli Lilly's ZepBow, which outperformed competitors in weight loss trials. Delve into the optimistic future for both Eli Lilly and Bristol Myers as they navigate potential FDA decisions and innovative therapies. Explore investment predictions for a $50 stock with potential for significant gains and learn about educational opportunities to sharpen your business skills. Join the conversation for insightful market strategies and trends in the pharmaceutical sector.
Cramer highlights Eli Lilly's promising ZepBow weight loss medication as a leader in its category, potentially driving investor optimism.
Mint Mobile's drastic price reduction for its Unlimited plan aims to attract new customers while challenging industry pricing norms against larger competitors.
Deep dives
Price Reduction Strategy at Mint Mobile
Mint Mobile has significantly reduced its Unlimited plan price from $30 to $15 a month, positioning itself competitively against larger wireless providers. This move comes after an inquiry about whether these bigger companies could legally raise prices under inflationary pressures, highlighting the disparity between smaller and larger market players. This pricing strategy not only aims to attract new customers by offering a more affordable option but also challenges the industry norms set by more established competitors. By undercutting the market, Mint Mobile seeks to emphasize its commitment to consumer affordability in a climate of rising costs.
Eli Lilly's Weight Loss Drug Advances
Eli Lilly's latest weight loss medication, ZepBow, has shown promising results, with participants losing an average of 20.2% of their weight over 72 weeks, outperforming the competitor drug Wigobi at 13.7%. This development positions ZepBow as a potential leader in the weight loss market, encouraging optimism among investors and raising questions about Lilly's ability to meet increasing demand as it enters phase three trials. Analysts also highlight the significance of Eli Lilly's ongoing research, especially in relation to its rivals, indicating that a forthcoming readout might reveal further advances in the efficacy of their treatments. As the pharmaceutical landscape evolves, Eli Lilly not only aims to address the obesity epidemic but also plans to expand its drug applications to tackle conditions like bipolar disorder and Alzheimer’s.
Cramer wants to use ‘every opportunity’ to buy more of this pharma stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake