Today (Friday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to tell investors what he sees for the future of Amazon.com (Nasdaq: AMZN) stock.
Reports today indicate the retail website giant 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).
Robinson had good things to say about Amazon Chief Executive Officer Jeff Bezos: "[He] is going to go down in history as one of the great tech innovators of all time." And with regard to Amazon's Pantry venture, Robinson believes Bezos is "brilliant at logistics," and developing Pantry fits right in that wheelhouse.
But with Amazon stock already up 52% this year and a little above $385.00 per share, is there any more upside that investors can profit from?
Watch the video to see why Robinson thinks investors can still take advantage of huge gains, as he breaks down exactly what kind of growth opportunities there are right now in Amazon's future:
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...