NEW YORK (TheStreet) -- TheStreet's Jim Cramer says Walmart (WMT - Get Report) is a "dinosaur" compared to Amazon (AMZN - Get Report). He says Walmart is trying to spend money online but in the end is "just this kind of thing that lies there."
Cramer says he does not want the stock and prefers Amazon, which has not been one of his favorite stocks. Most importantly, he believes retail is too hard. He and Stephanie Link sold Macy's (M - Get Report) and Costco (COST - Get Report) in their Action Alerts PLUS portfolio because retail is "just a nightmare."
"If you can avoid retail, avoid it," Cramer states plainly.
EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts