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

How Jim Cramer Knew Nvidia Would Miss the Quarter

How Jim Cramer Knew Nvidia Would Miss the Quarter

Jim Cramer Says That This Is a Question All Investors Must Ask Themselves

Jim Cramer Says That This Is a Question All Investors Must Ask Themselves

Consumers Are 'Very Active' in Expected Strong Holiday Season: Mastercard Exec

Consumers Are 'Very Active' in Expected Strong Holiday Season: Mastercard Exec

Don't Let a Short-Term Headwind Cloud Your Focus, Jim Cramer Says

Don't Let a Short-Term Headwind Cloud Your Focus, Jim Cramer Says

Jim Cramer Says, 'You Can't Fall in Love With the Stocks'

Jim Cramer Says, 'You Can't Fall in Love With the Stocks'