Jim Cramer: Amazon Is a Secular Grower

Amazon.com (AMZN) - Get Report is a secular grower and is taking share away from a lot of companies, not just apparel, says TheStreet's Jim Cramer. Shares of Amazon.com are slightly higher on Wednesday as the company said worldwide orders for its 'Prime Day' jumped more than 60 percent compared to last year. In the U.S., orders were up by more than 50 percent, according to the Seattle-based e-commerce giant. Cramer said he realizes that Amazon.com may be viewed as an expensive stock, but it has history behind it.

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