![]() That, in turn, will allow Amazon to make a great deal of money with Amazon Clinic.Īs it becomes clear in the next year that Amazon is indeed on its way to becoming a major player in the healthcare space, the price-earnings multiple of AMZN stock should climb significantly. As a result, Amazon will be able to charge much lower prices for drugs than the pharmacies, all of which utilize PBMs and have high overhead costs. If Cuban can convince pharmaceutical companies to provide his firm with drugs directly, then Amazon Clinic can certainly do the same. Showing that the prescription drug market is ripe for disruption, Mark Cuban’s company, CostPlus Drug, recently convinced Johnson & Johnson (NYSE: JNJ ) to sell it a “blockbuster” diabetes drug, bypassing the Pharmacy Benefit Managers and pharmacies, “middlemen” that contribute significantly to the extremely high price of prescription drugs in the U.S. ![]() One Medical will then refer its patients to Amazon Clinic, which will become very profitable, despite its low prices, as its volumes jump. ![]() The launch into space is scheduled for 9 AM Eastern time. Motley Fool Issues Rare All In Buy Alert. Tuesday marks the maiden voyage for Amazon ( NASDAQ:AMZN) founder Jeff Bezos and his Blue Origin rocket. Alphabet is aiming to beat back potential AI competition for its search business. By the end of the year, that figure had skyrocketed to 658.39. 7 Zacks Rank 1 Strong Buy stocks with the best chance to skyrocket. Amazon (NASDAQ:AMZN) CEO Jeff Bezos’ Blue Origin Rocket Launches To Space Today: Penny Stocks To Watch. ( TSLA) was valued at 117 billion by the stock market. Specifically, One Medical, which is currently providing unlimited telehealth visits for an annual fee of just $144, will grab a huge share of the telehealth and in-person treatment markets by reeling consumers in with the low fee and Amazon’s tremendous marketing reach. A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate. I believe that by working together, these two businesses can disrupt America’s huge healthcare market. Amid aggressive marketing to schools, Evolv announced it had doubled its first-quarter earnings compared to last year. The searing rally has been driven by production growth, EV frenzy, and frontman Elon Musk. Additionally, AMZN has launched Amazon Clinic, which sells prescription drugs at relatively cheap rates. Teslas stock has surged more than 20,000 since it went public in 2010. On the healthcare front, Amazon has acquired One Medical, which provides telehealth and operates in-person clinics. However, as I’ve pointed out in past columns, citing experts like Ed Yardeni and Ken Fisher, a recession is unlikely to materialize.Īs a result, companies’ spending on the cloud transition will probably reaccelerate in the coming months, boosting Amazon’s huge cloud business and lifting AMZN stock. The growth of companies’ spending on transitioning to the cloud has slowed in recent months amid recession fears. A Cloud Comeback and Disrupting Healthcare
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