Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." to tell investors what he sees in retail web giant Amazon.com (Nasdaq: AMZN)'s future.
The big question for Amazon stock in 2014 is if this e-commerce and online retailing giant can keep going to record highs. Amazon stock has gone up 60% this year to about $394 per share.
One major reason for AMZN's success: Amazon Prime.
Amazon Prime is a membership service that offers free two-day shipping, unlimited movie streaming, and one free borrowed e-book per month for a total of $79 per year. In just one week this month, Amazon Prime gained more than 1 million new subscribers.
Additionally, reports last week indicate AMZN will launch Pantry, a membership warehouse that will allow members to buy consumer package goods. Pantry will make Amazon compete with Costco Wholesale Corp. (Nasdaq: COST), Sam's Club, and Wal-Mart Stores Inc. (NYSE: WMT).
Watch as Fitz-Gerald tells investors what he thinks the future holds for AMZN stock in light of these major services. You'll also get to hear what investment Fitz-Gerald describes as "an exciting proposition":
Amazon.com made Michael A. Robinson's list of tech stocks to buy this year; see what other three leaders made his Holiday List here...
Tags: amazon, Amazon Stock, Amazon subscriber services, AMZN, AMZN Stock, Best Investments, best investments 2014, Investing in Amazon, Investing in Online retailers, Investing in retailers, investing online, retail investing, Shopping on AmazonThe post Amazon.com (Nasdaq: AMZN) Stock: Going Higher with New Subscriber Services? appeared first on Money Morning - Only the News You Can Profit From.