Eli Lilly catches an upgrade after earnings. For the market overall, inflation data will be key this week.
Mounjaro manufactured by Eli Lilly and Company packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 9, 2024., I wrote that the market on paper should be great, and not on edge, with the Fed ready to cut interest rates. We'll explore the market's disconnect further at noon ET on Wednesday, when we hold our August Monthly Meeting for Investing Club members.
The analysts, who maintained their buy rating on the stock, said spending on cyber products looks to have held up well in the May-to-July quarter. However, they cautioned that Palo Alto's initial 2025 guidance could be conservative due in part to minimize the risk of eventually needing to reduce it, like what happened in fiscal 2024. Palo Alto also is a Club holding.
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