Why Eli Lilly Is Still a Top Stock for 2021
Eli Lilly (NYSE: LLY) outperformed the broad market S&P 500 index in 2020, but its winning days are not in the rearview mirror. With its strong catalog and pipeline, growing revenues, and a recently boosted dividend, I think the pharma stalwart is still an exceptional buy.
Eli Lilly boasts one of the more diverse catalogs in the industry, and last year boasted nine drugs that individually raked in more than $1 billion annually. Its revenue leaders were Trulicity (for type 2 diabetes), Taltz (for plaque psoriasis), and Jardiance (also for type 2 diabetes), which brought in $5.06 billion, $1.788 billion, and $1.153 billion, respectively. Each's sales grew by 23%, 31%, and 22% year over year.
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Source Fool.com
