NEW YORK (TheStreet) -- Amazon (AMZN) was gaining 2.4% to $325.32 following a ChannelAdviser report on same-store sales growth for the online retailer, and news that video streaming "nearly tripled" in the past year.
According to the report Amazon clients saw same-store sales grew 26.2% year-over-year in the month of March. That's up from a 23% increase in February and 14% in January. ChannelAdviser says the big month-to-month increase may be due to inclement weather.
ChannelAdviser also said the recent release of the Fire TV may lead to another big same-store sales increase in April.
Separately Tuesday, Amazon announced that video streaming for its Amazon instant Video service "nearly tripled" in the past year . The online retailers original series such as Alpha House helped it surpass both Hulu and Apple (AAPL) during the period.
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TheStreet Ratings team rates AMAZON.COM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMAZON.COM INC (AMZN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."