Cramer Names 6 Ecommerce Games That Are Shopping, Says To Wait On Amazon

Cramer Names 6 Ecommerce Games That Are Shopping, Says To Wait On Amazon

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

“There are still some e-commerce plays that I’m willing to back here, the ones that have really prioritized profitability,” he said.

Here is their list:

  1. etsy
  2. Shopify
  3. pinterest
  4. Free market
  5. Tough
  6. Foreword

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

That change, along with interest rate hikes from the Federal Reserve, sent e-commerce stocks tumbling from 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 with the company is that it needs to cut costs further. Amazon said earlier this month that it plans to lay off more than 18,000 employees.

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

But Amazon’s stock will eventually bottom out, he said. “I think the business can eventually make a big recovery and there will come a point where the stock is a scream buy.”

Disclaimer: Cramer’s Charitable Trust owns Amazon stock.

Jim Cramer Gives His Opinion On Ecommerce Stocks

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