Here’s Why Jim Cramer Says It’s Not a Great Time to Own Amazon Shares

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Amazon (AMZN) - Get Report has always taken a long-term view on spending and that is having an impact on shares right now. Cramer said, 'Amazon has spending cycles and when they have a spending cycle, it tends to depress the margins and I think they feel the need to do a spending cycle right now for international. At the same time, you have Google Web Services (GOOGL) - Get Report in getting much more aggressive in taking share away from Amazon.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.