Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023. 

George Frey | Bloomberg | Getty Images

Palo Alto Networks, Eli Lilly, and Eaton rallied hard over the past 12 months — up 127%, 117% and 66%, respectively. It’s wonderful news for existing shareholders. But it’s not great for investors waiting for pullbacks to start positions — unless you want to buy at or near record highs, which is something we never recommend.

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