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!

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