Jim Cramer Notes "Amazon's Everything"

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 17 stocks that Jim Cramer commented on. When a caller mentioned Amazon.com, Inc. (NASDAQ:AMZN) as one of their holdings in the portfolio, Cramer replied:

“Amazon, well, how can you not beat, I mean Amazon’s everything. It’s retail, cloud service… web tech.”

Amazon (NASDAQ:AMZN) is a diversified technology company that sells consumer products, provides subscription and advertising services, develops digital content and devices, and offers cloud computing solutions. In an early May episode of Mad Money, Cramer discussed the company and had many good things to say about it, as he commented:

“Then there’s Amazon, which is trading lower after hours because the company gave a conservative forecast for the second quarter, as they typically do. And who can blame them given the impossible-to-game tariff situation.

But looking at the first quarter results themselves, Amazon also reminded us why it’s one of the world’s best companies. Why you can’t bet against it.

Sales grew 9% year-over-year, topped expectations by over $600 million, led by double digit growth from Amazon Web Services, and the company’s increasingly important advertising business. The gross margins there are insane. Earnings per share, meanwhile, is up an incredible 62%. Beat the $1.36 consent assessment by 23 cents.

Now, one of the more quizzical things from the Amazon quarter were the results from the Amazon Web Services cloud computing business, which is such a fabulous business. Sales were up 17%, very good, but that was light- that was light of what we expected.

The operating margins on the other hand were fantastic. They reached nearly 40%, street was only looking for 35. And that’s why Amazon Web Services segment profit came in over $1 billion above expectations. Essentially, all the total company’s bottom line beat in the quarter. But you know, again, people found a little bit of what we call ‘hair on the story’.”

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