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Closing Bell: Airlines Jump, Ride Shares Rise, Eli Lilly Tumbles
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- The airline industry (S15AIRL) stocks are climbing after relatively bullish forecast updates from airline operators ahead of their presentations at the JPMorgan Industrials Conference.
- Uber (UBER) shares gain 4.9% on Tuesday, while Lyft (LYFT) adds 3.1% as the rideshare firms and Nvidia announced separate autonomous vehicle partnerships.
- Eli Lilly (LLY) shares tumbled after HSBC turned bearish on the stock, saying investor expectations for weight-loss drugs are overinflated. HSBC analysts cut the drugmaker to reduce and slashed their price target on the stock to $850, citing that Wall Street is too optimistic on Lilly as obesity drugmakers compete by lowering drug prices.
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