NEW YORK (TheStreet) -- Shares of Amazon.com (AMZN) are falling 0.76% to $748.02 in morning trading on Tuesday after the e-commerce giant tweeted that customers are experiencing checkout problems during its Prime Day promotion.
"We don't want that [site] going down," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning. "That's not going to make the $1 billion Citi target."
Citigroup estimated that Amazon.com would generate $1 billion in sales during this year's one-day shopping event exclusively for Prime members. Amazon.com brought in between $630 million and $660 million in Prime Day sales last year, the firm said.
People nonetheless remain doubtful of Amazon.com because they don't realize that the company is taking share in other categories, Cramer pointed out.
"When was the last time you bought toilet paper in the store?" he asked his "Squawk on the Street" co-anchors.
Customers have stopped buying items from the supermarket because they now have Amazon.com's Dash Buttons that enable users to reorder household items with the push of a button, Cramer noted.
(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial).
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.
Amazon.com's strengths such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and solid stock price performance outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
