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Here's how top investor Navellier is profiting from Amazon's retailing dominance

Louis Navellier shared his market views in an exclusive interview Tuesday on CNBC's "Power Lunch. "

On his top Amazon-related stock idea: "We like Packaging Corp. of America. PKG. Nice little dividend yield. Very smooth, steady sales and earnings growth, " Navellier said. "They are benefiting immensely from online sales."

On a retailer he thinks is Amazon-proof: "That's Ulta Beauty. Their average customer is in their early 20s. Obviously they sell makeup. That's one of those things that's really hard to buy online, " he said.

Navellier is the chairman and founder of Navellier & Associates. He uses quantitative analysis to find stocks that have strong sales and positive earnings outlooks with moderate valuation multiples.

He also discusses:

  • The online auto parts market
  • Amazon's grocery business

To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.