Jim Cramer: Amazon Will Always Find Something to Invest In
Jim Cramer doesn't agree with the notion that Amazon has too much cash.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer doesn't agree with the notion that Amazon (AMZN) - Get Report has too much cash. 'They will always find something to invest in,' Cramer said. On Tuesday, the analysts at Bernstein raised their price target on the stock to $1,000 from $770. Amazon also announced a competitor service to Alphabet's (GOOGL) - Get Report YouTube, called Amazon Direct Video.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
