Amazon may be expanding its grocery delivery service to New York. Will that be a further catalyst for the stock?
Shares of Amazon.com are up more than 15% this year as the online retail giant continues to innovate and expand. There's now speculation that Amazon will expand its grocery delivery service to the New York City market.
So, will that sort of a move be a catalyst for the stock?
On CNBC's Closing Bell's Talking Number segment, Talking Numbers contributor Enis Taner, Global Macro Editor at RiskReversal.com, looks at Amazon's fundamentals. On the technicals is Jonathan Krinsky, Chief Technical Market Analyst at Miller Tabak.
Watch Taner and Krinsky analyze Amazon in the video above.