Jim Cramer Suggests “Do Some Buying” If Amazon Stock “Comes In”

Amazon.com, Inc. (NASDAQ:AMZN) was on Jim Cramer’s Mad Money game plan for the week ahead. Cramer noted that his Charitable Trust is “sticking” with the stock, as he stated:

Amazon reports, too, and this stock’s been soaring ever since CEO Andy Jassy put it in a letter, his vision. That’s what he did. Now, we have to worry about numbers. It could be a tall order, but we’re sticking with this one for the Charitable Trust, and we’d be, we can’t buy anymore because it’s so big for us. But if it comes in, that may be the best strategy. Do some buying then.

Photo by Sunrise King on Unsplash

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. On April 14, Cramer noted that the stock went down on various worries, which were addressed by the CEO in his annual shareholder letter, as he said:

Look, I could play the same game with Amazon with the stock that had been left for dead. At the end, this one bottomed when we heard that the web services were slowing, retail was weaker, Walmart was eating their lunch, Andy Jassy just wasn’t Jeff Bezos. Really? But then Jassy wrote a letter that explained how Amazon is doing. Next thing you know, you get 25 points. What is that about? Then it buys a satellite company, another eight points. The big disaster of Amazon, whatever it was supposed to be, it didn’t happen.

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