Jim Cramer's Stop Trading: AMZN AZO

NEW YORK (TheStreet) -- According to Piper Jaffray, the next big Amazon (AMZN) growth engine will be its Amazon Fresh segment.

"I think Amazon is going to take off," said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio. If Piper Jaffray is correct, the stock could zoom back to its pre-earnings level near $400, he reasoned. 

Turning to another high-dollar stock, Cramer noted AutoZone (AZO) is feeling the love from analysts. Citigroup bumped its price target to $620 from $545, while R.W. Baird increased its price target to $550 from $500. 

"People have to focus right now because this stock's about to go up very big," Cramer said. 

He pointed out the company's buyback program remains very aggressive, cutting the share count in half over the past five years. 

"It's time to buy," he reiterated for one of the few companies that actually benefits from the brutal winter weather that has wreaked havoc on much of the U.S. 

The company has the "best management in the industry" and is also one of the most shareholder-friendly companies, he concluded.

- - Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

2 More Reasons to Sell All Your Stocks and Run Away

2 More Reasons to Sell All Your Stocks and Run Away

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Netflix Blowout Earnings Remind Investors of One Thing: This Company Is a Beast

Netflix Blowout Earnings Remind Investors of One Thing: This Company Is a Beast