Cramer Says Amazon and Google Stocks Are Still Buys
September 29, 2023: Jim Cramer, CNBC’s “Mad Money” host, said that Amazon and Google stocks are still buys, despite antitrust lawsuits from the US government.
“I think both Amazon and Google are still buys,” Cramer said. “I think both of these companies are doing a great job, and I think both of these companies have a bright future.”
Cramer acknowledged that the antitrust lawsuits could pose a risk to both companies, but he said he believes both companies will ultimately prevail.
“I think both companies have extreme cases,” Cramer said. “I think both companies are going to win these lawsuits.”
Cramer’s comments come as both Amazon and Google face antitrust lawsuits from the US government. The Justice Department is suing Google for allegedly abusing its dominance in the online search market, while the Federal Trade Commission is suing Amazon for allegedly using its power in the e-commerce market.
The lawsuits are a significant challenge for both companies, but they are not the only challenges they face. Amazon and Google also face increasing competition from other tech giants, such as Microsoft and Alibaba.
Despite the challenges, Cramer said that he is bullish on both companies. He said he believes both companies have solid businesses well-positioned for future growth.
Investors considering buying Amazon or Google stock should consider the risks associated with the antitrust lawsuits. The lawsuits could significantly impact both companies, both financially and operationally.
Investors should also consider the other challenges Amazon and Google face, such as increasing competition and regulatory scrutiny.
Cramer’s comments are a reminder that both Amazon and Google are facing significant challenges. However, he also believes that both companies are well-positioned for future growth.
Investors considering buying Amazon or Google stock should consider the risks and rewards before making an investment decision.
Investors should research before investing in any stock, including Amazon and Google. Investors should also consult with a financial advisor to get personalized advice.
Investors should also be aware that the stock market is volatile and that stock prices can go down and up. Investors should only invest money that they can afford to lose.