Jim Cramer Says Amazon.com Headed To $150 (AMZN)

This morning on Squawk on the Street, TheStreet (TSCM Chairman Jim Cramer said Amazon.com (Nasdaq: AMZN) is headed to $150.

Cramer said, "Amazon could go to $150 with this momentum and when the Zappos deal closes."

Erin Burnett added an interesting point as to one of the reasons why Amazon continues to steal market share from rivals Barnes & Noble (NYSE: BKS) and Borders (NYSE: BGP). She said her friend Andrew Ross Sorkin's book, Too Big to Fail, was out of stock at several of the NY stores this weekend, so consumers were forced to go online and buy the book on Amazon.com.

The conclusion her and Jim drew is that bookstores like Barnes & Noble and Borders are afraid to order too much inventory that could go to waste if they don't sell out of their inventory.

In an effort to trim costs, BKS and BGP are often not supplying the inventory that consumers desire, and thus, more people head online versus offline.

Amazon is trading up 2.33% to $121.27 which is another all-time high.