economy
January 15, 2026
This pharma stock just got whacked
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks climbed on Thursday, led by semiconductors and AI names.
- Taiwan Semiconductor rallied significantly after strong fourth quarter results and increased capital spending forecasts.
- Nvidia, Micron, and Broadcom also saw gains, reflecting strength in the chip sector.
- Goldman Sachs and BlackRock reported better-than-expected fourth quarter earnings.
- Eli Lilly shares dropped due to the FDA extending review deadlines for its experimental obesity pill, orforglipron.
- Wall Street analysts are becoming more optimistic about Costco, calling it an 'ultimate compounder' and noting its undervaluation.
- Costco's sentiment improved after stronger-than-expected December sales.
- Upcoming economic data includes December industrial production and the January housing index.
- Bank earnings continue on Friday with PNC Financial scheduled to report.
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