'Amazon will stop at nothing to take away the share that Walmart has gained,' CNBC's Jim Cramer says.
Amazon will do whatever it takes to extract the market share Walmart has in the grocery business, even if it includes slashing prices at its Whole Foods stores, CNBC's Jim Cramer said Tuesday.
"They hate, hate, hate Walmart. Walmart is the biggest grocery chain in the country," Cramer said on"Squawk on the Street.""Amazon will stop at nothing to take away the share that Walmart has gained." Amazon said it will slash prices on hundreds of items at Whole Foods stores starting Wednesday as the company extends its focus beyond enticing Prime shoppers. Amazon acquired Whole Foods, known for its organic selection and high prices, in 2017. Amazon had hoped to convert more Prime members into Whole Foods shoppers.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cramer: Nasdaq, Goldman Sachs, and Amazon are de-risked IPO playsJim Cramer breaks down how investors can make money from the IPO boom without investing directly in them.
Leer más »
Amazon Web Services to open Latin America computer center in ColombiaAmazon Web Services (AWS), a unit of Amazon.com Inc, said on Thursday it will op...
Leer más »
Amazon Web Services to open infrastructure location in ColombiaAmazon Web Services (AWS), a unit of Amazon.com Inc, said on Thursday it will op...
Leer más »
Cramer: Low expectations will make Apple's new credit card a winnerJim Cramer breaks down Apple's Goldman Sachs-backed credit card and explains why it will rise to be the best of its new group of offerings.
Leer más »
Cramer Remix: Why I wouldn't buy Wells Fargo hereJim Cramer discusses what's next for Wells Fargo following Tim Sloan's resignation.
Leer más »
Cramer: Why you should use your 'mad money' to buy some individual stocks hereJim Cramer explains why individual stock picking is making an exciting comeback.
Leer más »
Apple's new products are a game changer for customers, but not Wall Street, Jim Cramer saysJim Cramer explains why the analysts are wrong about Apple's new products and why investors should be buying the stock.
Leer más »
Cramer: The top Q1 performers indicate the market can run higherJim Cramer explains why the stocks of Exxon, Apple, United Technologies, and other names give insight into what's next for Wall Street.
Leer más »
Cramer Remix: Fentanyl could derail a US-China trade dealJim Cramer says China must follow through on its fentanyl-related promise or risk President Trump suspending talks.
Leer más »
Cramer: Wall Street will get flooded with IPOs if we don't see more mergersJim Cramer says the health care, cloud, and transports sectors are crowded, and the lineup of IPOs could dry up investment funds.
Leer más »