5 Best Jim Cramer Stocks to Watch in December

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1. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 62

One of the stocks Jim Cramer is watching this month is pharmaceutical giant Eli Lilly and Company (NYSE:LLY). The Indiana-based drug manufacturer is scheduled to have its annual meeting on December 15 where the company is to announce new data for its diabetes and Alzheimer’s drugs. Shares of Eli Lilly and Company (NYSE:LLY) increased 47% in the past twelve months.

The pharmaceutical company reported third-quarter earnings in late October that exceeded analyst expectations by $136.6 million, with total revenue of $6.77 billion.

Eli Lilly and Company (NYSE:LLY) was given an Equal Weight rating by Wells Fargo analyst Mohit Bansal on December 8. Bansal set a price target of $270 for the pharmaceutical stock and shared his bullishness on the company’s Alzheimer’s drug.

At the end of the September quarter, 62 hedge funds were reported having stakes in Eli Lilly and Company (NYSE:LLY) worth $4.29 billion, compared to 64 in the preceding quarter worth $2.99 billion.

You can also take a peek at the 15 Best Stocks to Buy for 2022 According to Analysts and 10 Long-Term Stocks to Buy According to Warren Buffett.

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