Core Insights - The stocks of Novo Nordisk (NVO) and Eli Lilly (LLY), both prominent players in the dietary drug market, have stopped declining in price, raising questions about their investment potential at current levels [1][5]. Group 1: Market Trends - A recent Mercer survey indicates that 44% of US employers with 500+ employees now cover weight-loss drugs, an increase from 41% in 2023 [1]. - Among employers with over 20,000 employees, coverage for weight-loss drugs has risen to 64%, up from 56% last year [1]. - The rising costs of obesity drugs have contributed to a 5% increase in annual healthcare costs per employee, averaging $16,501 for self-insured plans [1]. Group 2: Stock Performance - Eli Lilly's stock showed a reversal bottom low on Monday, with today's price action confirming this trend [5]. - Novo Nordisk also exhibited a clear reversal bottom low on the same day, filling the gap left from a previous drop [5]. - Real Motion indicators suggest a mean reversion buy signal for Eli Lilly, while Novo Nordisk's performance is closely tracking benchmarks [5].

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon.Preliminary earnings reports are typically released ahead of formal quarterly financials and allow companies to provide updated guidanceDow, Nucor, and Corning, each exposed to the macroeconomy, issued preannouncements in SeptemberAI, global demand, and supply chains are key variables as we head into year-endEarnings season is on the way. Amid a busy calendar of Analyst Days, the big banks kickstart the rep ...

The social media arena is very competitive when it comes to app store downloads.Recent trends show major wins for Meta in regards to Threads and Facebook. Another winner is Snapchat. Here’s a look at 3 major highlights of overarching trends. We discuss each further below.Meta’s family of Apps are on fire: 177m downloads in AugustThreads is #1 App again: 28m downloads and 200m active usersSnapchats surprising subscription success: Adds nearly $600m in cumulative sub revenueMeta Reigns Supreme Sign up fo ...

Today, we’re focusing on robotaxis and the latest developments at Waymo with self-driving taxis.Self-driving taxis are now a reality. l have personally ridden in one, and the data shows rapid growth is underway. What the data says:Waymo is already a top 25 travel app, despite only being in 3-4 major cities.Data shows Waymo is a safer experience with 73% less injury induced crashes.24/7 led by changes in battery tech; Tesla has a patent for charging pads.#1 Waymo Already A Top 25 Travel App Sign up for ...

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon.Will NVIDIA report a record Q2 earnings on Wednesday night?August’s heavy dose of macro data cools off this week, allowing investors to take stock of a strong earnings seasonCertain chipmakers have not navigated the AI boom so well, and one foreign semiconductor company provides a sales update in early SeptemberThere has been a lot of market drama during August. While the final unofficial month of summer is ...

Precious metals continue to show strength with both gold and silver at or near multi-year highs.And the sector may get another bullish boost from Silver. Silver has been in consolidation for over a month, before recently breaking above its downtrend line. It then consolidated for a few days before breaking out once more.This is a great sign for Gold as well; gold bulls love it when Silver leads. Sign up for our FREE newsletter and receive our best trading ideas and research Leave this field empty ...

We had some interesting data points come out this week. ISM Service came out with prices decelerating and economic activity perking up slightly. This supports a no landing and /or soft landing thesis.We also received data on Cash App’s advertising strategy and news of Ebay’s potential separation from American Express (Amex). Let’s research and discuss the data:Cash App Ad Strategy: TikTok or SnapChat or Instagram?American Express (Amex) Removed from eBay. Amex removed but implications to eBay?ISM Survey ...

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE), came in below or aligned with market expectations. This supports our prediction that rate cuts are on the horizon, likely starting in the upcoming months.Brief Market Overview We anticipate the economy will transition from the robust growth in 2023 to a slower pace in the latter half of 2024.The earnings season has largely concluded, with notable updates from companies such as Salesforce and Best Buy. Salesforc ...

I have not been shy about telling our readers and social media/media followers that we liked and bought Alibaba (BABA) in February 2024.And we sat with it. And sat with it.Today, it’s paying us some cushy profits. Sign up for our FREE newsletter and receive our best trading ideas and research Leave this field empty if you're human: Will it last?BABA reports earnings before the opening bell tomorrow.Alibaba split the business into six business divisions to avoid regulatory scrutiny in China. Aliba ...

This week was filled with more earnings reports headlined by some of our own companies, like Fiverr, travel companies such as Airbnb (non investment), while also seeing the divergence between Starbucks and Dutch Bros (big!).We also got jobless claims, ano while it was a single date point and one that is historically volatile, we think it could be the early sign of a cooling jobs market. This supports our view that the FED can get an all clear to cut by Q3 as economic activity moderates. Now onto the data! ...