PATERSON, N.J. — Authorities arrested a man Thursday after police said he pushed an Amazon delivery driver into a company truck and took off in the vehicle.
The incident happened after the delivery driver parked the truck near Straight Street and Fulton Street in Paterson, WABC-TV reported. A man pushed the driver into the truck and got behind the wheel, according to the news station.
Two Paterson police officers, identified as Manuel Lojo and J. Murray, were headed to an unrelated call around 3:30 p.m. when they saw the delivery driver trying to get out of the vehicle as the truck blew through a stop sign, Public Safety Director Jerry Speziale told the South Passaic Daily Voice.
“They were quick-witted, able to see what was going on and act fast,” Speziale told NorthJersey.com. The kidnapped driver began to wave toward the officers, who tried to pull the vehicle over, according to the Daily Voice. The carjacker, identified by Speziale as 37-year-old Rafael Rodriguez, sped up instead, the news site reported.
As officers gave chase, Rodriguez pulled the Amazon truck onto railroad tracks and soon became stuck, WABC reported. He was arrested as he tried to run from the vehicle, according to the news station.
Spaziale praised Lojo and Murray after the arrest, telling NorthJersey.com that they “were able to see this, put it together and end it within five minutes.”
The news site reported that Rodriguez was taken to a hospital as a precaution after suffering minor scrapes and bruises in the pursuit. No other injuries were reported.
©2021 Cox Media Group
Amazon, via Amazon Prime, is giving away a popular game from last year away for free, but only for a limited time and via PC codes. In other words, if you’re on Nintendo Switch, PS4, PS5, Xbox One, Xbox Series S, or Xbox Series X — any other platform the game is available on — you’re out of luck. More than that, the free code is limited to GOG. As for the game, it’s Ghostrunner from developer One More Level and publisher 505 games, and it debuted back on October 27, 2020. And as you may remember, it was one of the year’s surprise hits.
In addition to performing well commercially, the game landed with critics. The PC version, in particular, boasts an 81 over on Metacritic. Meanwhile, on Steam 91 percent of users across 25,414 reviews reviewed the game positively, giving it a “Very Positive” Steam User Review rating.
“Ghostrunner is a hardcore FPP slasher packed with lightning-fast action, set in a grim, cyberpunk megastructure,” reads an official pitch of the game. “Climb Dharma Tower, humanity’s last shelter, after a world-ending cataclysm. Make your way up from the bottom to the top, confront the tyrannical Keymaster, and take your revenge.”
An official blurb about the game continues:
“The streets of this tower city are full of violence. Mara the Keymaster rules with an iron fist and little regard for human life. As resources diminish, the strong prey on the weak and chaos threatens to consume what little order remains. The decisive last stand is coming. A final attempt to set things right before mankind goes over the edge of extinction. As the most advanced blade fighter ever created, you’re always outnumbered but never outclassed. Slice your enemies with a monomolecular katana, dodge bullets with your superhuman reflexes, and employ a variety of specialized techniques to prevail.”
As noted, not only is this offer limited to Amazon Prime subscribers, but it’s also only available for a limited time, though, at the moment of publishing, it’s unclear how limited this window of opportunity is.
For more coverage on all things gaming — including the latest on not just PC, but Nintendo Switch, PS4, PS5, Xbox One, and Xbox Series X|S — click here.
Workers are seeking unions at Starbucks, Dollar General and Amazon locations. Here’s why that matters
By Chris Isidore, CNN Business
Shellie Parsons never thought she’d be supporting an effort to win union representation at the Dollar General store where she’s worked for a bit more than a year.
“I was actually against unions,” said the 37-year-old single mom. “I’d heard a lot of bad things about the unions.”
She liked her store manager at the Dollar General in Barkhamsted, Connecticut. She considers the other employees in the store to be like family: “I wake up and I want to go to work,” she said.
But she and other employees didn’t like how her store manager’s bosses treated him, and they particularly didn’t like the lack of respect they said they felt from Dollar General’s upper management. The company did not comment on Parson’s allegations.
A year of working during a pandemic, feeling at risk of catching Covid for a job paying only a little more than minimum wage, changed Parsons’ attitude about the need for a union.
She was willing to vote for the United Food and Commercial Workers in a vote held Friday morning, even though she said Dollar General managers have threatened that they might close their store if the union wins.
“I’m tired of being treated unfairly. Our voices need to be heard,” she said. Asked what she hopes unionization will accomplish, she said, “We hope to be treated fairly. We want the respect and acknowledgment of our work. We want to get paid what we should be getting paid, including holiday pay.”
The results of the vote were not known Friday because of two challenged ballots among the seven people who voted. But whichever way the vote goes, Dollar General is not alone. Workers are trying to grab a foothold for unions at other major nonunion employers, too.
Unionization efforts underway at Starbucks, Amazon as well
Workers at Starbucks stores in Buffalo, New York, have filed for a union that would be affiliated with the Service Employees International Union. And workers at four Amazon distribution centers near one another on Staten Island, New York, plan to file cards Monday that are signed by more than 2,000 employees requesting a union vote there.
A precise number of unionization efforts now under way is not available from the National Labor Relations Board, which oversees most private sector elections. And a defeat of another unionization effort at an Amazon warehouse in Bessemer, Alabama, earlier this year demonstrates, winning the right to represent workers is an uphill battle for unions today, especially when they run up against an employer with deep pockets.
But these efforts are a sign of the changing dynamics of the current US labor market, with employers unable to find the number of workers they want to fill record job openings — and many more workers willing to walk away from jobs they don’t like.
It’s also a sign of growing activity among labor unions and workers that is also being borne out by a number of high-profile strikes, said Todd Vachon, an assistant professor and director of labor education at Rutgers University.
“Because individual workers feel the chance of being fired is less, they’re more willing to speak up and try to make changes, even without a union in place,” said Vachon. “There’s much more potential to organize in these spaces due to the labor shortage. But the cards are still stacked against unions in these kinds of votes.”
Unions seek to restore power
Unions are working diligently to reverse decades of declining power in the United States. To accomplish that, organizing new members and new industries will be crucial.
While nearly 40% of government workers are represented by unions, only 6.3% of the more than 110 million workers at US businesses were union members last year, according to the Bureau of Labor Statistics. That is up very slightly from 2019, but the percentage of unionized labor has been steadily declining for nearly 40 years, from 16.8% in 1983, the first year it was calculated by BLS.
In the retail sector, one of the largest employers in the country, it’s even less — only 4.6% of workers were union members last year, mostly at grocery stores.
So, the signs of grassroots organizing efforts at some of nation’s major employers is a sign of life for US unions.
Dollar General is one of the nation’s fastest-growing retailers, with more than 17,600 stores. It started the year with 158,000 employees and has hired 50,000 workers just since mid-July. None of the employees are currently in a union. The company characterized the initial results of three votes to two against the union as a win for the company, though the union could still win if the other two votes end up being counted and they turn out to favor the union.
“We continue to believe a union is not in our employees’ best interests and that our employees benefit most from the open, direct communication we provide and from a work environment that is built on trust, respect and opportunity,” said the company’s statement.
Effort to unionize Starbucks
In Buffalo, many of the workers trying to organize Starbucks stores in Buffalo are very young, in their early 20s. And many said they would be the first ones in their families to ever belong to a union. But they say they feel that a union is the only way to have their voices heard about the way their stores are run, and to win some fairness for longtime coworkers, who often make only pennies more an hour than they do, despite their seniority.
“I’ve worked other places. I think Starbucks better than other companies in the industry. But that’s how they get away with not being the best they can be,” said Jaz Brisack, 24, who has worked at Starbucks for just under a year. “We don’t want it to be a company built on low wages and high turnover.”
Starbucks is fighting the campaign by flooding the Buffalo market with top executives who are holding meetings with employees. Even former chairman and CEO Howard Schultz has visited.
Starbucks says it offers many benefits not offered by others in the industry, including health care coverage for part-time workers and college tuition reimbursement. It has had two wage increases in that last 18 months. It says it its average wage is more than than $12 an hour and more than half of US employees get more over $15 an hour. And it says it has the best retention rate in the industry.
“We are taking urgent action to bring your store operations back up to our standards,” said Allyson Peck, the regional vice president for Starbucks, in a letter to Buffalo employees. “We’ve heard and seen firsthand the challenges you’ve faced in your stores. It’s not okay — and you deserve better. We are bringing additional recruiters and managers to help with staffing”
The company has asked that the NLRB hold an election among all 20 company-owned stores in Buffalo, not just the few where the unions has filed for a vote where it has the most support. The company said that’s crucial, given how workers move between stores as needed and need to have the same pay and work rules, no matter where they’re working.
The union argues they’re just trying to dilute the support for the union.
“If we had petitioned for the whole district, they’d say the vote should be the whole state. If we petitioned for a vote for the whole state, they’d say the vote should be the whole nation,” said Richard Bensinger, an organizer for the SEIU.
Starbucks said it is not opposed to unionizing efforts but that it doesn’t think it’s in the best interest of its workers to bring in a “third party,” such as the union.
“You have the right to work directly with Starbucks — and if you don’t want to give up that right, you should vote ‘no,’” wrote Starbucks’ Peck in her letter.
The young leaders of the Buffalo organizing effort are very confident.
“There’s rising inequality. People are treated poorly at their workplaces,” said William Westlake, 24, who has worked at Starbucks just less than a year. “I don’t think that Starbucks can turn back the tide of organizing.”
A recent poll by Gallup shows strong support for unions among younger workers. The poll found 68% of respondents have a positive view of unions — the best reading for that question dating back to 1965, and up from only 48% in 2009. That was far behind the 77% of those 34 and younger who have a positive view.
Another union vote requested at Amazon
Chris Smalls is the 33-year-old president of the Amazon Labor Union, a newly formed independent union trying to organize the four warehouses Amazon operates on Staten Island. Smalls was fired from Amazon last year, he said because he led the walkout to protest work conditions and safety protocols in the early days of the pandemic.
Amazon said he was fired for violating the company’s quarantine and social distancing rules after he continued to have contact with Amazon workers after he was exposed to someone with Covid.
Smalls said besides pay and benefit demands, he believes key issues in the vote will be quality of life issues, such as the need for longer breaks.
Amazon echoed the statement of the other companies that it believes its employees are better off without a union.
“Our employees have the choice of whether or not to join a union. They always have. As a company, we don’t think unions are the best answer for our employees,” said spokesperson Kelly Nantel. “The benefits of direct relationships between managers and employees can’t be overstated — these relationships allow every employee’s voice to be heard, not just the voices of a select few. We’ve made great progress in recent years and months in important areas like pay and safety. There are plenty of things that we can keep doing better, and that’s our focus — to keep getting better every day.”
Amazon, both last year when the pandemic started and during the Alabama organizing campaign, insisted that it is listening to workers’ comments about work conditions and doing everything it can to keep them safe from Covid.
“Every day we empower people to find ways to improve their jobs, and when they do that we want to make those changes — quickly,” said Nantel. “That type of continuous improvement is harder to do quickly and nimbly with unions in the middle.”
Smalls said the independent union has growing support among the Staten Island workers and he’s confident that it will be more successful than the failed attempt in Alabama earlier this year, even though it doesn’t have the deeper pockets of that union-supported effort.
“Everything is different,” he said. “This is New York, not Alabama. And our energy is different. This is completely worker-led.”
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
Suspect Arrested After Carjacking Amazon Delivery Van, Leading Police On Wild Chase Through Paterson, N.J. – CBS New York
According to police, the suspect approached the vehicle, pushed the driver into the passenger seat and got behind the wheel Thursday afternoon near Straight and Fulton streets.
The Amazon driver made several attempts to jump out, but was able to flag down two police officers to follow the van.
The suspect eventually collided with an NJ Transit bus and the Amazon van became stuck on railroad tracks.
The suspect tried to run away, but was taken into custody.
A man wearing an Amazon driver’s vest apparently stole two packages from a Phoenix woman’s front porch.
PHOENIX — Amber Hoffert didn’t order anything from Amazon, but she did have two other deliveries coming to her home.
But there it was on her security camera — the Amazon logo on the back of a vest, worn by a man at her front door.
The man walked off with two packages from her porch, one from FedEx and one from a food delivery service.
“My husband texted me while I was at work and said, ‘did you order anything from Amazon? I think he just jacked our packages,'” Hoffert said.
Hoffert said they weren’t Amazon deliveries, so it couldn’t have been a delivery driver who dropped off packages at the wrong house.
“And we went back and started reviewing our security footage and, lo and behold, some guy pulled up into our driveway wearing an Amazon vest,” Hoffert said.
Even though the cameras are in plain sight, the man doesn’t take any measures to cover his face. And the camera by the garage caught the make and model of his car.
But what Hoffert doesn’t know is whether the man really works for Amazon or if he just had an Amazon vest.
Amazon said that they’re looking into the incident.
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Amazon has announced that it will be taking measures to ban players who recently exploited a glitch in New World‘s 1.0.3 update, which brought server transfers to the game.
As reported by PCGamer, the “gold dupe” glitch allowed players to duplicate gold and items. How it works is that if players sent gold to another player and logged off and then logged back in again, the gold they traded beforehand would still be in their inventory. Of course, word of this glitch spread quickly.
Amazon addressed the glitch in a statement and said that “players found deliberately using this condition to gain advantage will be banned for exploiting. We will also remove items or gold received where appropriate.”
Additionally, to curb this glitch further, players who exploited it may be temporarily unable to log in with their character. This should resolve itself within two hours, but if it lasts longer, Amazon says players should contact customer service.
Have you played New World?
This is a bit different from how EA handled its recent glitch with FIFA 22 Ultimate Team competitive mode. Like Amazon, EA issued temporary bans but didn’t do anything to take away the rewards from those who already exploited the glitch.
New World players exploiting a way to earn more gold may have something to do with the currency crisis currently plaguing the MMO. Unlike other MMORPGs, New World is undergoing a currency deflation where gold is being hoarded for being more valuable than crafting items. This has led New World players to adopt a barter system rather than spend their precious coins.
George Yang is a freelance writer for IGN. Follow him on Twitter at @yinyangfooey.
Amazon is rolling out ‘Local Selling,’ a set of services that allow local and regional retailers to offer both in-store pickup and fast delivery to nearby customers.
With this new option, sellers can offer in-store pickup for products and services to shoppers in specific zip codes. In some instances, customers will be able to purchase items from sellers for same-day pickup at the business’s local retail location.
Products that are available for pickup will have a ‘store pickup’ tab on the item page. Once customers place an order, they’ll receive a notification when their item is ready for pickup. When the item is ready, customers will have a five-day pickup window to collect their orders.
Shoppers can also choose local delivery, which will be facilitated by the business itself. Once you select the ‘arranged delivery’ option at checkout, the local retailer will contact you to schedule the exact date and time for the delivery. Some sellers may also offer installation services that you can add on top of your order.
Amazon Local Selling is now available from both national and local retailers, including Mavis Discount Tire, Sears Hometown Store, 4 Wheel Parts, Electronic Express, Best Buy, Appliance Connection, Mattress Warehouse, Beach Camera, Adorama, DataVision, Exclusive Furniture, World Wide Stereo, MODIA, Focus Camera, and others. The company says Local Selling will expand later this year and during 2022, as sellers who are interested in joining the program are able to apply to do so starting today.
“Our research shows that many customers will opt for local pickup when given the choice. This new capability is an exciting way to help sellers reach and delight more customers with great products and convenience,” said Jim Adkins, the vice president of recreational and vocational categories at Amazon, in a statement.
It’s worth noting that Amazon previously tested in-store pickup options in 2019 with the launch of ‘Counter,’ a service where Amazon shoppers could arrange to collect packages at retail locations. The service essentially saw the company partner with retailers to arrange pickup counters in their stores for orders placed online.
With this latest launch, Amazon is clearly looking to get orders to customers faster by leveraging its third-party network and their physical stores. It’s a way for Amazon to keep customers on its own marketplace as opposed to retailers’ websites. The launch also comes at a time when curbside pickup options have increased since the start of the pandemic. Companies like Walmart and Target have offered the option for quite some time now, as Amazon is gearing up to further compete with big box stores and retailers with its newest offering. It’s also worth noting that Shopify offers merchants on its platform in-store pickup options so this could be an attempt to better compete with that as well.
If you’re a big fan of Amazon.com, then you might be considering one of the best online shopping credit cards, the Amazon Prime Rewards Visa Signature Card. This card offers the highest rate of rewards for Amazon.com purchases, plus a handful of other categories.
But, with so many rewards credit cards out there, how can you tell if this card deserves a place in your wallet? Let’s look at this card’s features to see what it offers and who’d benefit most from the rewards, perks and benefits.
What does the Amazon Prime Rewards Visa Signature Card offer?
In addition to giving cardholders 5 percent back on Amazon.com and Wholefoods purchases, you’ll also earn 2 percent back at restaurants, gas stations and drugstores and then 1 percent back on all other purchases. The best part? There’s no limit to the amount of rewards that you can earn. As a welcome bonus, you’ll get a $100 Amazon.com gift card upon the approval of your application for the card.
What stands out about this store credit card is that although it’s tied to one main retailer, you’ll still earn rewards on a vast number of items sold on one of the world’s largest marketplaces, Amazon.com. Plus, if you’re into the upscale, natural food selection Whole Foods has to offer, there’s potential to save a great deal of money there, too. Also offering 2 percent back at restaurants, gas stations and drugstores, plus one percent back on all other purchases, this card could be very valuable for the right person.
Although you may have figured out the difference by now, this card should not be confused with the “closed-loop” Amazon.com Store Card. This card can only be used at Amazon.com and has vastly different terms than the Amazon Prime Rewards Visa Signature Card. The most significant difference is that you can only use it to shop on Amazon.com and nowhere else.
Amazon Prime Reward card highlights:
- Rewards rate: 5 percent back at Amazon.com and Whole Foods Market; 2 percent back at restaurants, gas stations and drugstores; 1 percent back on all other purchases
- Welcome offer: $100 Amazon gift card upon approval
- Annual fee: $0 ($119 Amazon Prime subscription required)
- Purchase intro APR: N/A
- Balance transfer intro APR: N/A
- Regular APR: 14.24 percent to 22.24 percent variable
Since it’s part of the Visa Signature credit card family, you’ll also get extra benefits including extended warranties, zero fraud liability, roadside dispatch, lost or stolen card reporting, travel and emergency assistance services, emergency card replacement and auto rental collision damage waiver, to name a few.
Earning rewards is as easy as using your Amazon Prime Rewards card when spending in the bonus categories that include Amazon.com, Whole Foods, restaurants, drugstore, gas station purchases and all other general purchases. You don’t need to sign up for anything or activate any bonus categories—just swipe and earn rewards.
Redeeming rewards is a little more complicated. With this card, you aren’t earning cash back or statement credits but points that can be redeemed in various ways.
You can redeem your points at a 1:1 value toward cash back, travel, gift cards or Amazon purchases upon checkout, but there are many Amazon.com items you can’t use your rewards points for, like Amazon Music and Kindle downloads.
There’s no minimum rewards balance to redeem for cash back or Amazon purchases, and you can typically maximize your cash back on Amazon by taking advantage of the site’s “subscribe and save deals.” You can also redeem points for gift cards from other retailers on Amazon’s site for extra discounts and rewards.
How much could I earn with the Amazon Prime Rewards Visa Card?
Whenever we analyze if a card is “worth it” or not, the main factors we consider include:
- Spending required to justify the annual fee
- Spending habits of the cardholder
- The opportunity cost of skipping out on another, better rewards card
According to the U.S. Bureau of Labor Statistics, the average household earned $84,352 in 2020 while spending $61,334. This included $7,316 in combined food spending ($4,942 at home and $2,375 away from home), $1,568 in gasoline and motor oil and $1,434 in apparel and services.
So if we use the 2020 figures for as our spending model, an Amazon Prime Rewards cardholder could expect to earn around $247 back from grocery spending at Whole Foods, $48 back from restaurant spending, $31 back for gas station spending and $36 back for apparel spending at Amazon.com (using half of the $1,434 figure), then $7 back on services (the other half of the $1,434 figure) for a total of $369 in rewards for the year. Subtracting the cost of your Prime membership—$119—you would net $250 in rewards.
Of course, these calculations are based on average spending numbers. So there’s a lot of variation in terms of what you can really net in rewards. For one, you could exclude the cost of your Amazon Prime membership in your calculations—especially if it’s an expense you tend to have anyway. Secondly, you could consider your $100 Amazon gift card welcome bonus as another way to offset the cost of your Prime membership, at least in the first year.
Finally, these numbers could be very low for your Amazon spending. According to data from Bank of America, the average Amazon Prime member spends $1,968 per year on Amazon, more than four times non-Prime members do. That means that the average Prime member could earn $98 in rewards from Amazon.com purchases alone, not even factoring in rewards from the other spending categories.
How does the Amazon Prime Rewards card compare to other credit cards?
Most often, this card is compared to the Capital One Walmart Rewards Mastercard, which offers:
- 5 percent back on purchases made on Walmart.com (including Walmart Grocery Pickup and Delivery)
- 5 percent back on in-store purchases using Walmart Pay for the first 12 months of card ownership as an introductory offer (unlimited 2 percent back on in-store purchases after that)
- 2 percent back on restaurants and travel
- 1 percent back on all other purchases
Although it’s difficult to make a perfect apples-to-apples comparison here, one could argue that the rewards categories are very similar. There are just a few nuances that could make this card slightly better for you than the Amazon Prime Rewards card. For one, there’s no membership needed or annual fee for this card, which is a plus.
However, your in-store purchases with Walmart Pay stop earning 5 percent back and drop to 2 percent after 12 months of having the card. But if you don’t mind shopping at Walmart.com to earn rewards, you’ll still earn 5 percent back, which, like the Amazon Prime Rewards card, could still include your grocery spending with Walmart.com grocery pickup and delivery.
If you don’t have a strong preference for a big-box store, you could go with a high-earning rewards card that offers up to 5 percent back on certain spending categories, like the Chase Freedom Flex℠ or the Citi Custom Cash℠ Card. The downsides to these cards are that the bonus categories can change and there is a limit on the amount of rewards you can earn.
Is the Amazon Prime Rewards Visa Signature Card worth it?
This card offers one of the highest rates of cash back for spending categories that are very common for most families. The inclusion of Whole Foods and Amazon Fresh in the card’s 5 percent category make this card great for everyday spending. If you use your credit card for home improvements or travel rewards, there’s still some value, but there are better options out there for spending in these categories.
In other words, if you already have a Prime membership that you find to be worth it, the card will likely complement your spending. If you’re still grappling with the cost of a Prime membership, the rewards you earn with this card can help offset the cost.
Madison Funds, an investment management firm, published its “Madison Investors Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 0.07% was recorded by the fund’s Class Y shares for the third quarter of 2021, with an 11.86% gain on a year-to-date basis, compared to the S&P 500 Index’s gains of 0.58%, for the third quarter and 15.92% year-to-date (YTD). You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.
Madison Funds, in its Q3 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ: AMZN) and discussed its stance on the firm. Amazon.com, Inc. is a Seattle, Washington-based e-commerce company with a $1.7 trillion market capitalization. AMZN delivered a 5.31% return since the beginning of the year, while its 12-month returns are up by 7.69%. The stock closed at $3,444.15 per share on October 19, 2021.
Here is what Madison Funds has to say about Amazon.com, Inc. in its Q3 2021 investor letter:
“We did add a modest new position weight to the portfolio in the quarter in Amazon.com, Inc. stock (AMZN). We acknowledge that many aspects of Amazon’s merit as an investment are well appreciated. However, our work leads us to conclude that shares are attractive. Leadership positions in both e-commerce and cloud computing provide the company with significant durable competitive advantages in industries that we think can produce above average growth over the next decade. Over the past year, AMZN shares have trailed the market as investors debate near-term growth prospects following the pandemic-induced e-commerce demand. Additionally, margins have been depressed due to Amazon’s unprecedented increases in spending to build out fulfillment and in-house logistics capabilities – Amazon will build out more square footage this year and last than it did cumulatively over the previous 10 years, more than doubling its in-house delivery capacity. We like the investments Amazon is making and believe they will further advantage the company relative to other retailers, making it nearly impossible for competitors to match the same level of delivery speed and convenience. With its large and frequently engaged customer base, Amazon has multiple mechanisms to make money, including selling advertising and enhanced subscription services. Within the cloud business, we forecast Amazon Web Services (AWS) leveraging its strengths in Infrastructure-as-a-service (IaaS) to move into higher value segments of cloud computing (such as platform-as-a-service: PaaS), allowing the company to continue outgrowing the overall IT sector with strong profitability. While Amazon shares have performed extremely well over the long-term, we think near-term concerns about whether Amazon will earn a return on its accelerated investments provide an opportunity now for investors willing to look through the investment period. Our view is that the investments likely earn strong returns and extend Amazon’s competitive advantages and aboveaverage growth.”
Based on our calculations, Amazon.com, Inc. (NASDAQ: AMZN) tops our list of the 30 Most Popular Stocks Among Hedge Funds. AMZN was in 271 hedge fund portfolios at the end of the first half of 2021, compared to 243 funds in the previous quarter. Amazon.com, Inc. (NASDAQ: AMZN) delivered a -4.33% return in the past 3 months.
Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest-growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 12 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.
Disclosure: None. This article is originally published at Insider Monkey.
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If you’ve ever made dividers for your baking sheet out of tin foil and wished there was an easier and more sustainable solution, one TikTok user found what you’re looking for. The viral video posted a week ago has more than 100,000 likes and counting, and the $30 product nearly sold out in a matter of days. But don’t worry, there are still a few left—if you hurry.
The Cheat Sheet Modular Sheet Pan Dividers come in a set of four that fit perfectly on a standard baking sheet. You can even order matching lids for an additional $15, so they double as food storage containers. The four-piece set is bound to sell out, but you can still get your hands on other options like the four-piece set plus a pan, or the pro set, which includes nine dividers and one pan. The brand also offers tall dividers for larger portions which are ideal for cooking for a crowd. The best part? When you purchase any of the Cheet Sheet products, you’re supporting a small business. As an added bonus you’ll still have the benefits of quick shipping from Amazon—your order can arrive in a matter of days.
To buy: Cheat Sheets Modular Sheet Pan Dividers, $30 at amazon.com
Along with thousands of likes and nearly 700,000 views, the video also has several comments from users demanding to know where they can get the dividers for themselves while others who already found them said, “I’ve never added something to my cart so fast.”
Amazon shoppers have also been pleasantly surprised at how well these dividers work. They keep food separated to prevent cross contamination and make for an easy cleanup. “I love that these are zero waste. I like these trays so much that I bought a second set,” said one five-star reviewer. “I use the small ones near the stove to hold my salt and pepper, olive oil, and pepper grinder, and I use the bigger ones for roasting veggies. Then when I’m done, I stick them in the dishwasher—gotta love that!”
Whether you’re searching for ways to make your kitchen more sustainable, or just want to make cooking food in the oven an easier task, you can’t go wrong with these sheet pan dividers. Don’t hesitate to add them to your cart while they’re still in stock.