Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks in Jim Cramer’s game plan this week. Cramer mentioned that he has high expectations for the company’s quarter, as he said:
“After the close, Thursday, we have two more members of the Magnificent Seven when Apple and Amazon report. Now both stocks have been going up steadily. They could be, well, look, it could be like Alphabet, which rallied consistently into the marvelous print, then kept going up…
How about Amazon? I’m a huge believer that, like Google, Amazon has a lot of things working for it, the online store, the web services business, advertising, hey, you know what, Alexa+. It’s been a long time since Amazon’s stock exploded higher on earnings, but it’s also been a long time since the company had something exciting to say. I expect a very solid quarter.”
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Amazon (NASDAQ:AMZN) sells consumer products, subscriptions, and media through its online and physical stores, while also offering devices, advertising, and cloud computing services.
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Disclosure: None. This article is originally published at Insider Monkey.