Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club warning meeting.

Now, Combscroll that people are angry about is Amazon.

They spent the whole quarter, all Combscroll talking about good things, and then they

dropped a bomb that web services is continuing to decelerate, and frankly,

that the month of April is awful, all right?

So let me say, and I want to start with the, I don't want to pay a leader.

I think at $100, you got to buy this.

Now let me give you the reason why.

This company, first of all, had run up big.

So it's not like we're talking about a horrendous move at Fort down, well, it's down

four dollars when we came down.

Not a horrendous move.

The stock has moved up a lot, as we were talking about it.

The conference call, and when I talk with them offline, here's what I get.

It's very important.

I have been very critical at the club level, you know, in our meetings, I've been very critical

about the way that they have handled themselves,

that they haven't taken the big charters, that they haven't done what Zuckerberg did, that they haven't been efficient.

They heard me and others complain. This was a quarter where they're beginning to be efficient, just beginning.

There's many quarters ahead where they have to figure out what to do with Whole Foods. They've been closing some of these freestanding stores. They are trying to look at what to do with Alexa. They are trying to cut their, they spent, he spent a lot, their company spent a lot of time talking to me about logistics. And how finally they're getting to logistics that I was so angry about. Yeah, for 2023, they said will be,

CAPEX will be lower than 22 partly because you have to invest less, investing less in fulfillment.

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