Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Aussie shines after surprise RBA rate decision

July 8, 2025

Hong Kong leaders say city is good place to seek stability, capitalise on China growth

July 8, 2025

Hong Kong leaders say city is good place to seek stability, capitalise on China growth

July 8, 2025
Facebook X (Twitter) Instagram
Tuesday, July 8
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Why Eli Lilly is falling — plus, what Costco sales say about consumer
This week

Why Eli Lilly is falling — plus, what Costco sales say about consumer

adminBy adminMay 8, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 40


Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. The stock market is slightly higher on Thursday as President Donald Trump unveiled a new trade deal between the United States and the UK, the first agreement since his “reciprocal” tariff announcement on April 2. Treasury Secretary Scott Bessent is set to meet with Chinese officials in Switzerland this weekend, a sign of potential tariff de-escalation. Meanwhile, the 10-year Treasury yield is hovering at 4.3%. Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is not ready to act, but will do so if necessary. 2. Club stock Apple and former portfolio name Alphabet both fell on Wednesday. Apple dipped after Bloomberg reported that SVP of services Eddie Cue said the company was “actively looking” at retooling its Safari browser to focus on AI-powered search engines. Cue also said Safari’s search usage declined for the first time in April as more people turned to AI, sending shares of Alphabet tumbling. Meanwhile, Google said Wednesday that it continues to see overall query search growth, including from Apple devices and platforms. The Club previously expressed concern about chatbot usage growth eating into Alphabet’s territory. “This is why we exited our position in Alphabet a couple of weeks ago,” said Jeff Marks, director of portfolio analysis for the Club. 3. Costco posted another good month of sales for April. The wholesaler’s total net sales went up 4.7%. Comparable sales also rose company wide. The timing of Easter left the company with one less shopping day, which had a slight negative impact. ” I think this shows that Costco remains a destination where people want to shop to get the best deals, especially in this environment,” Marks said, referencing tariff uncertainty. The stock is up over 8% year to date. 4. The Club is keeping an eye out on the drug stock sell-off. The industry is down on the thought that drug pricing is next on Trump’s agenda. Portfolio name Eli Lilly dropped nearly 5% earlier in Wednesday’s session while Bristol-Myers Squibb fell almost 2%. We’re not ready to make any decisions before getting more details. (Jim Cramer’s Charitable Trust is long AAPL, COST, LLY, BMY . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

This week

Stocks fall on Trump’s new tariff threats, and an update on usage of Meta’s Threads

July 7, 2025
This week

Why Jim Cramer says Nvidia may score a win in China — plus, CrowdStrike gets downgraded

July 7, 2025
This week

BlackRock keeps its foot on the private-markets pedal with another acquisition

July 7, 2025
This week

Jim Cramer’s top 10 things to watch in the stock market Monday

July 7, 2025
This week

Here are the 2 big things we’re watching in the stock market this week

July 6, 2025
This week

Cramer looks at how Meta and CrowdStrike crushed Wall Street naysayers

July 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

MVT more than doubled in FY25 – Business & Finance

July 8, 2025

SECP concludes 1,761 adjudication proceedings in FY2024-25 – Business & Finance

July 8, 2025

FBR, IB recovers Rs178bn in crackdown on evaders since April 2022 – Business & Finance

July 8, 2025

CCP conducts 24 inquiries in 2024-25 – Business & Finance

July 8, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Aussie shines after surprise RBA rate decision
  • Hong Kong leaders say city is good place to seek stability, capitalise on China growth
  • Hong Kong leaders say city is good place to seek stability, capitalise on China growth
  • Trump’s 25% tariff surprise for South Korea, Japan upends trade talk tactics
  • Opinion | Trump is single-handedly slaughtering America’s ‘exorbitant privilege’

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Aussie shines after surprise RBA rate decision

July 8, 2025

Hong Kong leaders say city is good place to seek stability, capitalise on China growth

July 8, 2025

Hong Kong leaders say city is good place to seek stability, capitalise on China growth

July 8, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.