Jim Cramer’s 5 Stock Calls: Alphabet, Amazon, and Tech Earnings Recap

4. Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. The company reported its first quarter yesterday, and Cramer remarked:

Amazon, look, I liked the earnings so much, even as I know that there were sellers initially all over the place. I liked it because one of its key divisions, the one that Andy Jassy, the CEO, came from, Amazon Web Services, had incredible growth, 28%. That is just absolutely insane. I remember not that long ago having some, let’s see, hot words with the CFO about whether that Amazon Web Services would even grow in the double digits, and now it’s growing at 28%. Now, they should spend the money. Maybe that’s a bit of a shortage. They may need more power, more compute just for their data center work. I was worried that it would grow at high single digits. Nice move. Their cloud business is fantastic.

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.