| | | 7 Tech Stocks Sporting Amazon-Like Growth
Louis Navellier
InvestorPlace
September 13, 2018
[Only ABMD section copied/pasted]
Tech Stocks to Buy: Abiomed, Inc. (ABMD)
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Tech Stocks to Buy: Abiomed, Inc. (ABMD)
Abiomed, Inc. (NASDAQ: ABMD) makes specific medical devices that assist or replace the pumping function of a failing heart.
What makes ABMD’s devices unique is, implanting them is a relatively easy process, so significant costs or energy isn’t necessary up front.
For example, if someone comes into the Emergency Room with a heart attack, the team can put in an Impella Heart Pump and then, once the patient is stable, figure out what the next steps will be.
And its products are seeing very good results. In late October ABMD reported its FYQ2 numbers; revenue was up 29% and patient utilization was up by 33%.
Those are very big numbers and bode well for Impella’s future, especially because it packs a lot of bang for the buck, which makes health insurance companies very happy.
Up 104% YTD, ABMD is just starting its run.
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