Top 10 Large Cap Value Stocks to Buy Now

7. Novo Nordisk (NYSE:NVO)

Number of Hedge Fund Holders: 55

Novo Nordisk (NYSE:NVO) is one of the top large cap value stocks to buy now. On June 8, Novo Nordisk presented Phase 3 results from its REIMAGINE 1–3 clinical program at the 2026 American Diabetes Association Scientific Sessions. The trials showed that the investigational treatment CagriSem, a once-weekly combination of an amylin analog and a GLP-1 receptor agonist, achieved significant, consistent reductions in both HbA1c levels and body weight across diverse groups of adults with type 2 diabetes.

This combination therapy leverages the synergistic effects of two distinct hormonal pathways to improve glucose regulation and appetite control. Novo Nordisk’s Chief Scientific Officer, Martin Holst Lange, highlighted the therapy’s potential to become a first-in-class treatment option, showing promise for patients at various stages of diabetes management, ranging from initial therapy to insulin add-on.

The findings, simultaneously published in The Lancet and The Lancet Diabetes & Endocrinology, follow previous data from the REDEFINE program. By addressing multiple pathways of metabolic health, the REIMAGINE trials validate the clinical utility of pairing cagrilintide with semaglutide, offering a potential new strategy for patients who may require advanced approaches to managing their diabetes.

Novo Nordisk (NYSE:NVO) is a drug manufacturer for global pharmaceutical products that operates through two segments: Obesity & Diabetes Care and Rare Disease. The company was founded in 1923 and is headquartered in Denmark.