There are some stocks about which one starts to doubt if the momentum can keep going like this. Then, there are stocks with such a strong business model that they appear unstoppable.
There are two stocks that have an unstoppable momentum right now: Eli Lilly and Intuitive Surgical.
Eli Lilly seems to have found a peak as it recently moved lower. However, that's not to say that the bullish momentum has ended. In fact, Eli Lilly has ample room to move higher.
Eli Lilly is a famous pharma company & has big potential due to Zepbound and Mounjaro (GLP-1 drugs). These drugs are used for the treatment of weight loss and diabetes. From these drugs, the company has made $4.4 billion sales in the recent quarter (2024).
For now, the estimated future profits of Eli Lilly ix are 35x, but it still has a lot of potential in the long term. It wouldn't be wrong to say that it is a growth stock with unstoppable momentum.
Another stock is Intuitive Surgical, which has turned the idea of robotic surgery into a reality. The company's 'da Vinci robotic surgical system' has performed 17+ million procedures which shows the practical applications of their products.
So, as far as the stocks in the medical device category are concerned, Intuitive Surgical is a good choice. Ever since its IPO in the year 2000, the stock has moved by 28870%.
Given the company's solid products, there's no doubt that it will increase its share in the robotic surgery sector. Also, the market for the firm will expand due to the aging population, which will increase the demand for robotic surgeries.
Over all, these 2 stocks are pretty good picks and show a solid upside momentum. Both of these stocks are from the healthcare sector & thus can provide good portfolio diversification.