Jim Cramer on Amazon: "It's Just Going to Be Another Buy"

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks that Jim Cramer spoke about. Cramer believes the stock’s sell-off creates a buying opportunity. He said:

“After the close, we drifted from lunacy back to reality. Amazon reported what I thought was a good quarter… Much better than expected sales at every division, even if the web services margin was like, oh, give me a break. Unfortunately, Amazon gave mixed guidance, but they always do that. That’s what they do. It’s my largest position in the Charitable Trust. I’m not worried about it at all. I am worried about, what do you think? What I’m worried about Figma’s law and Amazon stock got hit. But you know, please, I mean, it’s getting crushed in after hours. It’s just going to be another buy.”

Amazon (NASDAQ:AMZN) operates a global e-commerce retail platform that provides consumer products, media, and subscription services. Moreover, the company provides cloud computing through AWS, sells electronic devices, and supports third-party sellers and content creators.

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Disclosure: None. This article is originally published at Insider Monkey.