Tech Doomed, Pharma Boomed? $AAPL$ $NVDA$ $LLY$ $JNJ$ $NVO$
We're selling consumer spending and credit risk but buying big pharma because people with no money are going to buy GLP-3s? Ohh, and YAY Walmart $Wal-Mart(WMT)$ !
And energy and telecom are up because something, something people are going to drive their cars in default to jobs they don't have.
BTW, the AI disrupting the economy is BS and semiconductor stocks are all doomed.
But seriously, more drugs!
Did I make sense of today's market?
$Apple(AAPL)$ $Microsoft(MSFT)$ $NVIDIA(NVDA)$ $Alphabet(GOOGL)$ $Broadcom(AVGO)$ $Eli Lilly(LLY)$ $Johnson & Johnson(JNJ)$ $T-Mobile US(TMUS)$ $Verizon(VZ)$ $AT&T Inc(T)$ $Visa(V)$
$Novo-Nordisk A/S(NVO)$ may want to focus on finding more customers for its existing products rather than suing $Hims & Hers Health Inc.(HIMS)$ .
I've always thought it makes more sense to work together than fight, and the continued drop in shares shows management of the Wegovy and Ozempic maker has better uses of their time over the next 4 years.
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