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How is Amazon hurting Walgreens’ business? Jim Cramer explains

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How is Amazon hurting Walgreens’ business? Jim Cramer explains

After Walgreens reported a disappointing quarter on Thursday, CNBC’s Jim Cramer told investors why he thinks Amazon is making it hard for the drugstore giant to succeed.

“The stock market can be a brutal, brutal, brutal task master. So can capitalism. I’m sure that Walgreens will come up with some way to make money before its debt position wipes it out,” he said. “But, right now, my money’s on the company with the stock on the all-time high list, not the one that’s on the new low list. My money is on Amazon.”

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