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

Striking Options: Volatility, Nasdaq, & Treasuries

Striking Options: Volatility, Nasdaq, & Treasuries

The Market Is 'Full Blown Bear,' Says Jim Cramer

The Market Is 'Full Blown Bear,' Says Jim Cramer

How Card Security Is Rapidly Changing For the Future: MasterCard Executive

How Card Security Is Rapidly Changing For the Future: MasterCard Executive

Take a Piece of Pie: Here's How Much Consumers Shell Out for Holiday Shopping

Take a Piece of Pie: Here's How Much Consumers Shell Out for Holiday Shopping

Apple's Business Is 'Strong' but Storyline Is 'Negative,' Says Jim Cramer

Apple's Business Is 'Strong' but Storyline Is 'Negative,' Says Jim Cramer