Amazon.com (AMZN) Pumped Up by Cramer
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Cramer and Amazon, Amazon and Cramer. The duo go together like whipped cream and hot cocoa. Or mini marshmallows and hot cocoa, we don't judge.
Jim Cramer mentioned Amazon.com (NASDAQ: AMZN) yesterday, saying that investors that shun the company just don't "get it" and the company is not too expensive.
Cramer shot down the bearsby noting that Amazon doesn't have brick-and-mortar stores, which is a huge advantage. Also, there's not limited space to stock items, meaning Amazon can offer just about anything and not limit themselves to just the "hot items."
Jim mentioned that, though the market for a digital book reader is becoming more flooded, Kindle (Amazon's reader) is such a small part of the profits that it shouldn't be a major factor.
Amazon has online commerce of $135 billion, and Cramer believes that this number could double, or even triple in coming years.
The Cramer tout has boosted shares of Amazon by nearly a percent this morning; the stock most recently traded at $134.19.
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