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1 Stock Down 9% in 2023 to Buy and Hold Forever

TheMotleyFool

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1 Stock Down 9% in 2023 to Buy and Hold Forever: https://g.foolcdn.com/editorial/images/725266/doctor-smiling-and-holding-patients-hand.jpg

Investors are starting to breathe a sigh of relief as 2023 sets off on a more positive note for the stock market. However, some companies are failing to keep up the pace and have been struggling since the year started.

That's the case with leading drugmaker Eli Lilly (NYSE: LLY), which actually crushed the bear market in 2022, gaining an astonishing 32%. Despite its poorer fortunes so far this year -- the stock is down 9% -- there are excellent reasons to load up on Eli Lilly's shares with expectations of even better days ahead.