Amazon is expanding its same-day prescription delivery service, posing a threat to Walgreens and CVS.

From NASDAQ: 2024-10-17 04:45:00

Amazon is expanding its same-day prescription delivery service by opening more pharmacies and offering free delivery in 20 new markets, doubling its footprint. This move could potentially cut into the sales of traditional pharmacy giants Walgreens and CVS, who rely on foot traffic in their stores.

With Amazon’s expansion in the healthcare industry, it poses a threat to Walgreens and CVS, who are already facing challenges and struggling to grow. Amazon’s lean operations and incentives for Prime members could make it a better healthcare play for investors looking for growth opportunities.

Investors are urged not to miss out on potentially lucrative opportunities, such as the “Double Down” stock recommendations from expert analysts. These stocks, like Amazon, Apple, and Netflix, have shown significant returns over time. Now may be the best time to invest before it’s too late.

John Mackey, former CEO of Whole Foods Market, is on The Motley Fool’s board of directors. The author has no positions in the mentioned stocks. The Motley Fool has positions in and recommends Amazon and recommends CVS Health. Make sure to see the “Double Down” stock recommendations for potential investment opportunities.



Read more at NASDAQ: Amazon’s Latest Healthcare Move Could Be a Big Problem for Walgreens and CVS