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Barchart
Barchart
Tony Daltorio

Europe's Most Valuable Stock Is a Must-Own Near 52-Week Highs

Novo Nordisk Europe United States NVO diabetes Catalent Eli Lilly Novo Novo Holdings Obesity

Two of my favorite stocks remain Eli Lilly & Company (LLY) and Novo Nordisk A/S (NVO), thanks to their GLP-1 weight loss drugs. Today, I want to draw your attention in particular to Nordisk, which reported results on Jan. 31.

NVO shares have been hitting record highs, as the Danish pharma company’s blockbuster weight-loss drugs drove a massive surge in sales and profits last year. Novo Nordisk reported that sales climbed 36% to $33.7 billion in 2023, while profits rose to $12.14 billion, or $2.70 per share.

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