Ep. 75: Catherine Wood: Tesla Leads These Tech Stocks Surging Higher As Innovations Accelerate
Investing With IBD
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The Importance of Low Margin Testing Companies
The tech companies that really did well were the ones that could create this kind of go to place like a Google or an Amazon. Lab companies like LabCorp and Quest Diagnostics, they have been commoditized. They are perceived as low margin and commoditized. It is keeping its gross margins down to 50%. And that's because it wants to keep cutting prices so that more doctors and payers will be attracted to its tests.
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