Consumers are seeing Walmart (WMT) become much more competitive with Amazon (AMZN) in terms of price, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

RBC analyst Mark Mahaney's latest note on Thursday pointed to the traction Walmart is gaining in its competition with Amazon.

Walmart shares are down 15% year-to-date, while Amazon shares gained 47%.

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

FANG and Cloud Kings: How They can Change Your Financial Future

FANG and Cloud Kings: How They can Change Your Financial Future

Is Now the Time to Be in Tech? Experts Weigh in

Is Now the Time to Be in Tech? Experts Weigh in

This Market is Comparable to Getting Into a 'Fist Fight'

This Market is Comparable to Getting Into a 'Fist Fight'

Data Regulation on FAANG's Could Just Be Underway: Cramer's Investing Teach-in

Data Regulation on FAANG's Could Just Be Underway: Cramer's Investing Teach-in

Your Need to Know - Forward Look

Your Need to Know - Forward Look