Should I invest in LLY's stock?
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For an investment purpose, is it beneficial to invest in Eli Lilly's stock based on its current financial performance? With the recent market trends and increase in price, will I accept the constant returns?
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Strong financial performance is a positive indication, and Eli Lilly is doing well because of their excellent work in type 2 diabetes medicines. The price of their stock is high, but that doesn't mean it will always be in that state.
So I would suggest, before investing, that you evaluate long-term growth prospects, competition, and potential risks. Always remember one thing: diversification is key; don't just rely on only one stock for long-term growth.