Jim Cramer: Amazon’s Grocery Plans Another Reason to Avoid Retail
Amazon.com is aiming to undercut the grocery store chains and that is another reason to be selective in the space, says Jim Cramer.
Amazon.com (AMZN) - Get Report is aiming to undercut the grocery store chains and that is another reason to be selective in the space, said TheStreet's Jim Cramer. He said he does not like retail stocks right now except for those retailers that can come in 'underneath Amazon'.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
