economy
Jim Cramer says Eli Lilly has checked the most important box as obesity pill approval looms
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- S&P 500 drifted lower due to inflation data, U.S.-Iran war, and oil prices, but the market is focused on future CPI prints.
- International Energy Agency plans to release oil reserves, but prices still rose; stock market entered oversold territory, leading to buying opportunities like Procter & Gamble.
- CrowdStrike shares are seen as undervalued given the growing discussion around AI agents and security breaches.
- Eli Lilly's GLP-1 pill, orforglipron, has a massive opportunity, and the company is prepared for production, unlike some competitors.
- Stocks discussed in rapid fire: Campbell's, Cintas, CarMax, and J.M. Smucker.