5 Best Hot Stocks to Buy For March

4. Eli Lilly and Company (NYSE:LLY)

Number of Q4 2023 Hedge Fund Shareholders: 102

One Month Share Price Appreciation: 19.68%

Eli Lilly and Company (NYSE:LLY) is undoubtedly one of the best hot stocks that you’re likely to find due to its weight loss drug Mounjaro. The drug, and others, were also part of an Eli Lilly and Company (NYSE:LLY) centered analyst note from Morgan Stanley in February 2024 in which the bank wondered whether the healthcare company would become one of the few non tech $1 trillion dollar firms.

After sifting through 933 hedge fund portfolios for last year’s fourth quarter, Insider Monkey found that 102 were the firm’s shareholders. Out of these, the largest shareholder was Ken Fisher’s Fisher Asset Management through its $2.6 billion investment.

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