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The Amazon.com Inc. (Nasdaq: AMZN) stock price has posted impressive market-beating gains so far in 2017. Shares of the company are up 13.4% to $850.83 year to date, beating the Nasdaq index's 9.2% rise over the same period.
Money Morning Chief Investment Strategist Keith Fitz-Gerald has liked Amazon stock and its profit potential for years. Since his most recent Amazon recommendation on Jan. 4, shares have gained 12.4%.
And Fitz-Gerald said one breaking news story today will be good for the Amazon stock price over the long term.
Watch Fitz-Gerald's interview on FOX Business' "Varney & Co." below to find out more…