We recently published 14 Stocks Jim Cramer Discussed As He Talked About Record Bitcoin Price. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently discussed.
Amazon.com, Inc. (NASDAQ:AMZN) struggled at the start of the week as investors worried about the firm’s highly anticipated annual Prime Day shopping event. However, Cramer defended the stock and added that most sales are typically during the final few days of the season. He also discussed technical trading terms and asserted that they have never made him any money:
“The bargains are incredible. But everyone was bad, everyone was bad mouthing Amazon, you know the numbers were bad. . .But there’s four day, this is not the typical, people think that maybe if you wait for the last day it’s a better bargain. Now maybe one of the things that is really interesting is that there is a Saks bar right in the middle. . . that does not make me feel great about Saks.
“And we’ve got, you’ve got multiple days. You also have some of things are just like. . .I mean they’re giving stuff away. By the way, that new Visa card, I’ve had the Sapphire, get rid of that, the Visa card is terrific. Jassy has thought of a lot of things, but no he’s, he doesn’t get any credit. Uh huh.
“Two things I want to emphasize. I don’t believe in the death cross and the golden cross. They never made me any money. And I’m not going to buy, I wanna buy Amazon because I think that the, I check Prime every minute, and I’m seeing more and more deals. I mean people, if you don’t check Prime every four hours, I don’t know what your problem is. I mean you’re not American.
“Plus I think Alexa Plus. . .she’s amazing. She knows classical, I mean she knows the difference between Jupiter symphony and like the Red Eye Jupiter. I mean she’s like smart. . .well now they got rid of Alexa’s voice, you can get any voice you want.”
A customer entering an internet retail store, illustrating the convenience of online shopping.
Cramer also believes that Amazon.com, Inc. (NASDAQ:AMZN) is quite important for inflation in America, as he remarked during an earlier appearance:
“Well look I think that, in my speech that I’m giving on Friday, I talk about the idea of, there’s inflation brought on by tariffs and then there’s deflation brought on by Andy Jassy. And we have to start recognizing these stupid things that we get, for the CPI, PPI. . .Do they really take into account Amazon Prime? I mean take a look at the things that are about to be on sale . . .but these are really anti-inflation. And it just should matter. And no president has ever, I tried to get the Biden people to say why don’t you say something good about Costco, and they’re like, what are you talking about, I mean well a 150 million people is a huge number of people that belong to Costco.Why don’t you talk about Prime? None of the politicians want to touch anything good that we seem to do as business people.”
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Disclosure: None. This article is originally published at Insider Monkey.
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