Observed Signal · May 28, 2026 · Investment Recommendation · Source: CNBC Technology · Impact: 3/5 · Sentiment: Positive
Jim Cramer Recommends Buying Amazon and Starbucks
During CNBC Investing Club’s Morning Meeting on May 28, 2026, Jim Cramer recommended buying Amazon and Starbucks, citing Snowflake’s strong quarterly report and a $6 billion compute commitment to Amazon Web Services as positive catalysts for Amazon. Snowflake shares surged ~35% after its results and expanded use of Amazon’s custom Graviton chips and AI compute. Cramer highlighted improving afternoon traffic at U.S. Starbucks locations and said Starbucks could reach $120 (~17% upside). Other stocks briefly covered included CVS, Eli Lilly and Marvell.
The piece links Snowflake’s strong earnings and a $6 billion AWS compute commitment to positive investor sentiment for Snowflake and Amazon, signaling demand for cloud AI infrastructure; also contains market-moving analyst-style stock recommendations.
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Key Takeaways & Evidence Grounding
- Jim Cramer recommended buying Amazon and Starbucks on CNBC Investing Club’s Morning Meeting (May 28, 2026).
- Snowflake shares surged about 35% after reporting a strong quarterly result.
- Snowflake disclosed roughly $6 billion in compute commitment to Amazon Web Services and expanded use of Amazon’s custom Graviton chips and AI computing infrastructure.
- Cramer said Starbucks is showing improving afternoon traffic and forecasted a target price of $120 for the stock (~17% upside).
- Stocks briefly covered in the episode’s rapid-fire segment included CVS, Eli Lilly and Marvell.
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