Wed, May 1, 2024 1:05 PM
Godrej conglomerate split: How should investors play the listed entities?
A Flip by Riya Sharma
Bitcoin is the best performing asset over the past decade, and its performance has shown little signs of letting up -- and some top crypto stocks are on a tear, too. Year-to-date, the world’s first and largest cryptocurrency is up nearly 60%, gaining almost 150% over the past twelve months. Despite regulatory hurdles, crypto exchange closures, and a brutal bear market, Bitcoin has climbed.
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According to Amazon's (NASDAQ: AMZN) most recent U.S. Securities and Exchange Commission (SEC) filings, Jeff Bezos beneficially owns approximately 1.12 billion shares of the company's stock, giving him a 10.8% stake in the business. As you might expect, this makes Bezos Amazon's largest shareholder, and by a wide margin. As of this writing, Bezos' shares are worth about $207 billion.
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Eli Lilly's (NYSE: LLY) broad portfolio of drugs has helped the company's earnings climb over the years -- and in recent times, two products in particular have supercharged growth. The big pharma company sells Mounjaro and Zepbound, both prescribed for weight loss, and demand has been surpassing supply. Pharmaceutical companies are generally viewed as safe investments.
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