Cramer names 6 ecommerce games to buy, says Amazon

Cramer says the pain in e-commerce stocks is temporary

CNBC’s Jim Cramer on Friday offered investors a list of e-commerce games he thinks are worth buying despite the group’s poor performance in 2022.

“There are still some e-commerce games I want to get behind here, the ones that really prioritized profitability,” he said.

Here is his list:

  1. Etsy
  2. Shopify
  3. Pinterest
  4. MercadoLibre
  5. Tough
  6. prologue

E-commerce stocks soared during the height of the Covid pandemic as consumers at home shopped online rather than in-store. But as the economy reopened, consumers prioritized spending on travel and experiences over goods.

That shift, coupled with the Federal Reserve’s rate hikes, sent e-commerce stocks tumbling off their highs last year.

Cramer cautioned that while he believes the group’s struggles are temporary, it’s still too early to buy many of the names in the e-commerce space — including Amazon.

He said one of his biggest concerns about the company is that it needs to cut costs further. Amazon said earlier this month that it plans to lay off over 18,000 employees.

While that may seem like a sizeable cut, “this is a company with well over a million employees — for them, this is a drop in the ocean,” Cramer said.

But Amazon stock will eventually bottom, he said. “I think the business can make a big comeback at some point and there will come a point when the stock is a screaming buy.”

Disclaimer: Cramer’s Charitable Trust owns shares of Amazon.

Jim Cramer gives his take on e-commerce stocks

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing free to help you build long-term wealth and invest smarter. Cramer names 6 ecommerce games to buy, says Amazon

Sportsasff is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button