MB203: Eli Lilly Drug Approval, Tesla Deliveries Boost Recovery & What Can Nike Do To Change Their Fortunes

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In this episode of Market Bites, the hosts discuss three companies: Eli Lilly, Tesla, and Nike. Neža talks about Eli Lilly's FDA approval for their new Alzheimer's drug and the potential impact on the company's success. Josh dives into Tesla's Q2 delivery numbers, which exceeded expectations and led to a 10% increase in the stock price. Sam discusses Nike's poor earnings and sales forecast, leading to a significant drop in the stock price. The hosts explore the challenges and potential strategies for these companies to turn their fortunes around.

Takeaways

• Eli Lilly's FDA approval for their new Alzheimer's drug could significantly contribute to the company's success in the growing Alzheimer therapeutics market.
• Tesla's better-than-expected Q2 delivery numbers and improved financial position indicate a potential turnaround for the company.
• Nike's poor earnings and sales forecast highlight the challenges the company is facing in a competitive market, but its valuation metrics suggest potential undervaluation.
• Competition and changing consumer preferences are impacting big brand names like Nike, Starbucks, and McDonald's, leading to declines in their stock prices.
• The upcoming summer of sports events could provide a boost for sports brands like Nike, as consumers are inspired to purchase new athletic gear.

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