Jim Cramer Says Only Walmart Can Compete with Amazon

Katherine Ross

Amazon has been one of the biggest stay-at-home stocks, and for the non-investor, it's come in pretty handy, too.

With consumers ordering delivery en masse, Amazon appears well-positioned to capture lasting gains from the current glut of online ordering, noted TheStreet's Annie Gaus.

The company is hiring 175,000 new workers to manage rising demand, in addition to other measures.

And that was proven yesterday when Amazon (AMZN) - Get Report closed at an all all-time high. 

Amazon closed at $2,286.21 on Tuesday, putting its market cap at $1.14 trillion.

And it's not just the retail side that's getting a boost up, its cloud businesses are also poised to benefit in the "stay at home" era, pointed out Morgan Stanley analyst Brian Nowak in a note last month. Amazon's AWS powers Netflix and other consumer applications that are seeing increased usage right now. 

Here's what Jim Cramer likes about Amazon right now.

Watch the full video above for more.

Amazon is a holding in Jim Cramer’s Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AMZN? Learn more now.

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