Amazon is bouncing back from its earnings slide. But it's not too late to buy the stock

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. Stocks jumped Thursday after a better-than-expected July retail sales report indicated consumer spending is holding up despite recession fears. This macroeconomic backdrop "is about as good as you can get," Jim Cramer said Thursday. The latest economic data bodes well for our retail Club names.

He has the capability to turnaround Starbucks just like he did with Chipotle after the company suffered through food safety issues and, more recently, allegations about shrinking portion sizes. "We do believe there's a lot of good there" and intend to stay invested in Starbucks , Jim said.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is Amazon the Best Mega-Cap Name to Own for Q2 Earnings Season?Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Amazon.com Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Amazon: Down 13% Since Reporting Earnings, Giant Looks Ripe for a ReboundStocks Analysis by Investing.com (Alessandro Bergonzi) covering: Amazon.com Inc. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Market Reshuffle Brings Fresh Opportunities - Here's How to Spot Them NowStocks Analysis by Investing.com (Chinmay Pandya) covering: Amazon.com Inc, Blackstone Inc. Read Investing.com (Chinmay Pandya)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »