Jim Cramer Says "We Need a Real Positive Outlook From the Company"

Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently provided insights on. Cramer called it an “amazing company,” as he commented:

“Amazon’s an amazing company. Retail is terrific. Prime’s great. They’re fixing Alexa… But all that matters this week is Amazon Web Services’ growth rate. It was growing at 70.5% last quarter, I know, much slower than Azure, but it’s also much bigger. People are buzzing about that number reaccelerating. I think we need to see at least 20%, 20% growth and we need a real positive outlook from the company, no more meandering, no more musing, just positive.

That can cause this, the poorest performing Mag Seven of late, to break out to the upside. Stern, positive. We’re also beginning to hear about big corporate layoffs at the company. Good for earnings, but it doesn’t matter at all… My wishlist? I want to hear that Amazon’s working with Nvidia to develop new chips that can help Amazon Web Services attract a host of new companies that would’ve otherwise gone elsewhere… We also need to hear that the big outage didn’t hurt them. I’d like that.”

Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores. The company also produces electronics and media content, operates AWS, and provides platforms for third-party sellers and content creators.

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