NEW YORK (TheStreet) --Two weeks ago after Amazon.com (AMZN) reported weaker-than-expected 2016 third quarter financial results, the stock took a hit in after-hours trading, declining as much as 7%. However, TIAA Global Asset Management managing director Stephanie Link explained why she jumped on the dip to buy more shares.

"I just don't think the story has changed. I think 25% growth in North America is extremely strong on the retail side. I think a 55% growth in their cloud business, with margins expanding, is a wonderful showing from the company," Link explained.

Moreover, while she does like some of the "beaten-down, traditional" department retailers, their financial results will simply not stack up with Amazon's.

"Amazon's, are going to look stellar compared to some of these department stores which are really struggling. I think you have to be patient with Amazon and buy these dips, but I think this stock is a lot higher in 12 to 18 months," she contended.

Shares of Amazon.com were higher in mid-afternoon trading on Monday. 

(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial).

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: AMZN

More from Markets

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

P&G Tops Forecasts in Early Q3 Earnings Release Following Merck KGaA Deal

P&G Tops Forecasts in Early Q3 Earnings Release Following Merck KGaA Deal

Amazon Prime Tops 100 Million Members and 4 Other Stories You Must Know Thursday

Amazon Prime Tops 100 Million Members and 4 Other Stories You Must Know Thursday