Jim Cramer and SunTrust Analyst Bob Peck on Amazon

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer and SunTrust analyst Bob Peck agree that Amazon (AMZN) - Get Report  is cheap. 'It's an amazing company,' Peck said, citing the growth of Amazon Web Services. Amazon shares lost 11.3 percent since the start of the year.

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