Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks on Jim Cramer’s recent game plan. Cramer said that he is a believer in the stock, as he commented:
Thursday evening, we have some real controversial stocks. So it all starts with Amazon, which has become a bit of a battleground, frankly. This one used to roar in earnings. Now, if Amazon goes up, it gets faded as sellers appear everywhere. If it goes down, you know what, at the opening, it just keeps going lower. Lost in the shuffle is the greatness of the company itself. We own it for the Charitable Trust. I’m a believer. I know it hasn’t been a good returner. Let’s see what happens.
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Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators. While reviewing the Magnificent Seven during the January 6 episode, Cramer mentioned the stock and said:
Finally, there’s Amazon, another Charitable Trust name… It finished last year up just over 5%… Muted overall performance, missed some very positive things. When Amazon reported its latest quarter at the end of October, that was a major positive catalyst as their web service business put up terrific numbers, that was one I was worried about, growth accelerating to more than 20%, the highest level since the third quarter 2022. I feel very good about that business after speaking with Amazon Web Services CEO Matt Garman about a month ago… He was terrific. On top of that, Amazon made a big investment in Anthropic, one of my absolute faves. They’re already using AI and robotics to enhance the retail business. I was on Rufus maybe 20 times in the last three days. Rufus has really improved, and I’ve gotta tell you, Anthropic is great. It’s a business-to-business service. It’s going to be wildly profitable very soon. The retail business continues to do well with double-digit growth both domestically and internationally for the past two quarters. Yes, Amazon’s still spending heavily on AI infrastructure like many of the Magnificent Seven compadres, but it’s very clear how these investments can directly make them money. So to me, that spending is easier to swallow. I’m looking for Amazon to put up much bigger gains in 2026 and it seems like I’m not alone because… the stock soared nearly 5% over the past three sessions. It’s been magnificent.
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Disclosure: None. This article is originally published at Insider Monkey.
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