Jim Cramer: Watch Amazon, Sell Other Retailers
Amazon could be taking share from other retailers and that's the story to listen for when the internet giant reports second quarter earnings after the bell, says Jim Cramer
Amazon (AMZN) - Get Report could be taking a lot of share from other retailers and that is the story to listen for when the internet giant reports second quarter earnings after the bell, said TheStreet's Jim Cramer. Analysts expect Amazon to report second-quarter sales of $29.56 billion, reflecting year-over-year growth of 27.5 percent from $23.18 billion a year earlier. This would actually mark small sequential growth over the $29.13 billion in sales that Amazon recorded for the first quarter. Meanwhile, analysts expect second-quarter earnings of $1.11 a share, up from $0.19 a share a year earlier.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
