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.
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.”
