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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…