What’s hot and what’s not? We’ve got the story:
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🥶 NOT: Shares of Keurig Dr Pepper Inc (NASDAQ: KDP) continued to tumble on Tuesday, losing another 6.9% to bring its total two-day loss to 17.6%. The impetus for the drop was KDP’s acquisition of JDE Peet’s, the owner of Peet’s coffee. The news came out of left field and sent markets reeling to figure out what impact the acquisition would have on Keurig Dr Pepper’s financials. We’re as surprised as everyone else about the deal, but we’re not writing off KDP entirely. The company’s Safety rating is still an A, reflecting the low volatility and high stability it had before Monday’s bombshell announcement. For now, we give KDP a C Zen Rating and a Hold recommendation.
🔥 HOT: Eli Lilly and Company (NYSE: LLY) impressed the world yet again on Tuesday, revealing that the latest trials of its experimental weight-loss drug, orforglipron, led to 10.5% weight loss in patients with Type 2 diabetes. Shares of LLY rose by 5.9% by the closing bell, continuing the momentum that started with the company’s last earnings report. LLY had a strong start to the year, followed by several months of choppy downtrend, so we’re remaining cautious for now. With B ratings in Value, Growth, Sentiment, and Financials, we feel comfortable giving LLY a B Zen Rating and a Buy recommendation.
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🥶 NOT: Boeing (NYSE: BA) gained 3.1% on Tuesday after Korean Air announced that it had placed an order for 103 Boeing planes worth around $20 billion. While that’s certainly good news, we’re not rushing out to place our buy orders just yet. Our analysis gives BA a D rating in Value, suggesting that the stock is entering overbought territory. We also give BA a D rating in Financials due to the recent spate of order cancellations. On the flip side, the stock gets an A rating in Growth and B ratings in Momentum and Safety. We view BA as a somewhat risky play right now but recognize that there could be significant upside to be had for risk-tolerant investors, so we give BA a C Zen Rating and a Hold recommendation.
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