$LLY vs. $NVO: What's the Better Weight-Loss Stock to Buy?
$Novo-Nordisk A/S(NVO)$
On October 16, 2023, $Novo-Nordisk A/S(NVO)$ announced that it has agreed to acquire ocedurenone, a drug used to control hypertension, from KBP Biosciences for up to $1.3 billion.
On 13 October, $Novo-Nordisk A/S(NVO)$ raised its full-year revenue and profit guidance on soaring sales of its weight-loss and diabetes-control drugs Wegovy and Ozempic.
The Danish drugmaker now expects currency-adjusted sales to rise 32% to 38% this year, up from a previous forecast of 27% to 33% $Novo-Nordisk A/S(NVO)$ expects 2023 operating profit growth of 40% to 46%, up from previous guidance of 31% to 37%.
Some colleagues and friends shared that the company's weight-loss drugs are effective. Huge demand for Ozempic and Wegovy has helped $Novo-Nordisk A/S(NVO)$ become Europe's most valuable company.
A Wegovy injection
Since this year, the two drug companies $Eli Lilly(LLY)$ & $Novo-Nordisk A/S(NVO)$ have seen red-hot demand for their weight-loss treatments. The two companies have up more than 60% & 49% this year respectively.
The market value of $Eli Lilly(LLY)$ once rose into the top 10 of the U.S. stock market (currently ranked 12th with a market value of $554.54B).
The market value of $Novo-Nordisk A/S(NVO)$ (current rank 16 with a market value of $452.27B) also overtook luxury goods giant LVMH Group in September to become the company with the highest market value in Europe.
Question for Tigers:
1. Do you or your friend have experienced using this medicine?
2. Which is the better weight-loss stock to invest in today? $Novo-Nordisk A/S(NVO)$ & $Eli Lilly(LLY)$ ?
3. Are there any other drug companies that will also benefit from the weigh loss market?
For more information, welcome read:
@WallStreet_Tiger , Healthcare Stocks Continue to Hit Records: LLY, AFL, MCK
@MillionaireTiger , LVMH's Steep Descent: Novo Emerges as Europe's Largest Company
@JinHan , Wegovy and Novo Nordisk: Riding the Wave of Health-Conscious Lifestyles
@Ryan_Z0528 , $NVO's Market Value is Close to $TSLA. Will You Buy it Now?
@Trend_Radar , 🎁 $LLY & $NVO Hit All Time High, Buy High and Sell Higher?
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Personally, I think both $Eli Lilly(LLY)$ and $Novo-Nordisk A/S(NVO)$ are good choice among the drug companies. Being the global healthcare leaders, and with a focus on diabetes care, both companies have demonstrated impressive financial stability over the years. Their consistent revenue growth and strong R&D investments underscore their commitment to innovation! Well, there's no any friend around me consume these medicine currently. Haha!
@koolgal @rL @Universe宇宙 @icycrystal @b1uesky @Aqa @GoodLife99