Here’s Why Amazon.com (AMZN) Landed in Alger Spectra’s Top Detractor List
Alger, an investment management firm, published its “Alger Spectra Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alger Spectra Fund, in their Q1 2021 investor letter, mentioned Jeffrey Bezos‘ Amazon.com, Inc. (NASDAQ: AMZN) and shared their insights on the company. Amazon.com, Inc. is a Bellevue, Washington-based e-commerce company that currently has a $1.7 trillion market capitalization. Since the beginning of the year, AMZN delivered a 3.53% return, extending its 12-month gains to 40.88%. As of April 19, 2021, the stock closed at
10 Reasons You Spend So Much on Amazon
10 Reasons You Spend So Much on Amazon
So many of us depend on this remarkable retailer. What s the secret sauce that makes Amazon addictive?
Prostock-studio / Shutterstock.com
For Amazon regulars, it’s pretty hard to imagine what the coronavirus pandemic would have been like without the convenience of that ginormous online marketplace.
To get an idea of Amazon’s place in American life, consider this: More than 80% of American households have an Amazon Prime membership, says Scott Galloway, professor of marketing at the NYU Stern School of Business. That, he tweets, is “more than voted in the 2016 election, have a pet, attend church or decorate a Christmas tree.”
Amazon (NASDAQ: AMZN) is a multinational technology company based in USA. It is known for its state of the art e-commerce, digital streaming, cloud computing.