Money Map Press chief technical analyst D.R. Barton commented on two catalysts Amazon has coming, which he believes will propel the stock even higher.
"They have two aces up their sleeve that will mean that you want to have this in your portfolio going forward. When they tell us finally how many Prime members they have, when they finally give us a number and start tracking that, the stock is going to get a huge pop," Barton said on Fox Business Network's "Varney & Co."
The second "ace" for Amazon is when it reports the amount of clothing it is selling and "we find out that they're America's number one clothing retailer, surpassing Macy's (M), they'll get another pop," Barton added.
Shares of Amazon.com were higher during mid-morning trading on Thursday.
(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial.)
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Amazon.com as a Buy with a ratings score of B-. This is driven by a few notable strengths, which the team believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks the team covers.
You can view the full analysis from the report here: AMZN