JPMorgan is eyeing a few drug manufacturers ahead of their earnings reports as investors continue to sell out of major technology firms.
This backdrop has analyst Chris Schott reviewing JPMorgan's top pharmaceutical and biotechnology stocks, which includes "stories that have clear upside potential to longer-term estimates" like Eli Lilly and Merck.
Eli Lilly Pharmaceutical company Eli Lilly made the list.
Schott said the firm is somewhat below consensus Wall Street estimates for Eli Lilly heading into second-quarter results on Aug. 8.
LLY YTD mountain Eli Lilly stock.
Persons:
Johnson, Merck —, Chris Schott, Eli Lilly, Merck, Schott, —, Regeneron
Organizations:
JPMorgan, Dow Jones, Johnson, Merck, US Major Pharma, Schott, FactSet, Pharmaceuticals
Locations:
Mounjaro, Novo