Jim Cramer Talked About These 16 Stocks

10. Amazon.com, Inc. (NASDAQ:AMZN)

Last week, after the elections came to a decisive end, Cramer noted that mega-cap stocks like Amazon.com, Inc. (NASDAQ:AMZN) soared and said:

“Big Tech got a real boost, especially the ones that have been hectored by antitrust like Alphabet or Amazon or, or frankly even Apple and maybe even, we thought maybe Nvidia and Meta…”

Amazon (NASDAQ:AMZN) has firmly established itself as a key player in the global technology sector, with a wide-ranging focus on e-commerce, advertising, and subscription-based services. As one of the largest online retailers in the world, it operates a vast marketplace that offers over a billion items across various categories, ranging from consumer electronics to books and groceries. However, the company’s dominance in the online retail space has recently drawn legal scrutiny, particularly from the U.S. Federal Trade Commission (FTC).

According to Reuters, the FTC’s case against the company regarding anti-competitive behavior will proceed, despite some states that joined the lawsuit seeing their claims dismissed. The central accusation from the FTC is that the company has been engaging in practices that stifle competition within online retail.

Specifically, the agency claims that Amazon (NASDAQ:AMZN) used an algorithm that artificially inflated prices, resulting in U.S. households paying over $1 billion more for goods. The FTC contends that such tactics have helped the company maintain its position as a leading marketplace, potentially at the expense of consumers and smaller competitors. In response, the company has argued that the program in question was discontinued in 2019.

In December, the company sought to have the case dismissed, asserting that the FTC had not demonstrated any consumer harm from the alleged practices. However, in a recent ruling, the judge overseeing the case indicated that it was premature to consider the company’s defense, including its claim that its actions had a positive effect on competition.