Green Light for Rapid Testing?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 27 August 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
Abbott Labs hits a new all-time high after the FDA approves the company’s rapid Covid-19 test. Tiffany and Dollar General issue 2nd-quarter reports, offering an interesting look at both ends of the retail spectrum. Jim Gillies analyzes those stories, and shares some compelling reasons why investors looking for steady yield should take a closer look at the “Big Five” banks in Canada.
Transcript
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| 0:00.0 | It's Thursday, August 27th. |
| 0:04.8 | Welcome to Market Fullry. |
| 0:06.0 | I'm Chris Hill with me today. |
| 0:07.8 | From the Great White North, it's Jim Gillies. |
| 0:09.6 | Good to see you, my friend. |
| 0:11.3 | Good to be seen, Chris. |
| 0:12.2 | Thank you. We have got seen Chris, thank you. |
| 0:13.3 | We have got the high and the low end of retail. |
| 0:15.9 | We're going to talk about that. |
| 0:16.9 | We're going to talk banks. |
| 0:18.5 | We're going to start today with Abbott Labs because the FDA has approved Abbott Labs rapid COVID-19 test. |
| 0:26.2 | It is a portable test. |
| 0:27.6 | It costs $5. |
| 0:28.6 | You get the results in 15 minutes. |
| 0:30.4 | This is not a home kit. |
| 0:32.4 | This is one that does need to be administered by a medical professional |
| 0:37.2 | But the enthusiasm is apparent shares of Abbott Labs up 7% and hitting a new all-time high? |
| 0:45.0 | Well, yes, and the follow-on to that, Chris, is not only is Abbott up, but companies in the COVID testing space, one being that I follow Folgent genetics, |
| 0:58.0 | they are getting taken behind the woodshed. |
| 1:01.0 | I believe Folgent last I looked was down about 30% because apparently |
| 1:07.0 | Abbott's test as you mentioned here again five dollars a person you get your results in |
| 1:11.4 | 15 minutes there's a complimentary mobile |
... |
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