Russel Kinnel: We set a high bar for a fund to receive a Gold Medalist Rating. It has to have a very strong combination of managers and analysts, strategy, parent company, and fees. Recently, we upgraded two Fidelity funds from Silver to Gold. We also upgraded Fidelity’s Parent rating to High. Let’s dive into what drives each fund.We Upgraded These 2 Fidelity Funds to GoldFidelity OTC Portfolio FOCPXFidelity Small Cap Growth Fund FCPGXFidelity OTC manager Chris Lin has proven to be an adept growth investor with a knack for getting ahead of the next growth story. We rate People High and Process Above Average. Lin made a savvy move to heavy physical-asset companies like Intel INTC, Seagate Technology STX, and KLA KLAC. Conversely, he sold household names like Mastercard MA and T-Mobile TMUS. Since taking over in 2017, Lin has delivered an annualized return of 21%, which is 300 basis points ahead of the Russell 1000 Growth. The main caveat here is that whenever we receive returns that good, it’s fair to wonder whether a correction is on the way for the manager’s favorite stocks.We also boosted Fidelity Small Cap Growth’s rating to Gold as its Process was elevated to High and the People rating was held at Above Average. Lead manager Patrick Venanzi has done an excellent job since taking over the helm in 2011. He invests in a mix of established growth plays and fast-growing young companies. The fund’s portfolio is a broad 300-stock group that includes a bunch of biotech names that boost both the risk and the return potential here.
SUCCESS
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Amazon is selling a 3-piece wicker rocking chair patio set for $70
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Why we love this deal
The best thing about the cool autumn months is that they allow for extra time spent lounging outside on a comfy patio set. If you don’t already have one, then this is the perfect time of year to change that. After all, if you already have a nice set of outdoor solar lights and a good portable speaker, then all that’s missing is some cozy outdoor furniture. Luckily, Amazon has some of the best patio sets you can buy, and one of its best rocking chair patio sets is available at a price so low, we could hardly believe our eyes when we saw the deal for ourselves.
The Skyfish Rocking Chair Patio Set is only $70 at the moment. This set has cost as much as $90 in the past, so getting it at this reduced price is a real shopper’s coup.
Skyfish Rocking Chair Patio Set, $70 at Amazon
Courtesy of Amazon
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Why do shoppers love it?
This set is so simple, elegant, and comfortable that you may want to buy more than one. Made from durable powder-coated stainless steel, each piece is corrosion resistant and rustproof. The set includes two high-back rattan wicker-covered rocking chairs and a small bistro table. The hand-woven rattan wicker is weatherproof and fade resistant, making it ideal for year-round outdoor use. The table has a shatterproof and scratch-resistant tempered glass tabletop. It’s beautiful and sturdy, allowing you to keep drinks, snacks, or books and electronics close at hand.
Each chair has a medium-thickness seat cushion that’s soft enough to be comfortable without sacrificing spinal support. The subtle rockers at the bottom of the chairs allow you to rock back and forth without feeling unstable. The curved ergonomic armrests give you the perfect place to rest your weary arms on a cool fall evening. You can easily clean the whole set with basic soap and water. Many choose to simply hose each piece down when they become dusty and let them air dry. That said, the cushions have removable and fully machine-washable covers as well, so you can have them looking brand new in one quick wash and dry cycle.
This set is available in four color variants. That means you can buy the one that matches your home’s outdoor aesthetic best, or you can mix and match as you see fit. Both the hand-woven rattan wicker, and the soft seat cushions are highly breathable, so you can use them in the warm summer months as well without feeling overly hot or stifled. This patio set is great for small spaces like balconies and front porches thanks to its relatively small footprint.
Related: Amazon is selling a $130 4-piece patio set with chairs, a loveseat, and a table for $80
Amazon shoppers were thrilled with this patio set. One described it as “good bang for your buck,” adding, “This is a great set for morning coffee on the porch. The chairs are a good size, and sturdy. They rock just enough.”
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The Skyfish Rocking Chair Patio Set is one of the best buys for anyone looking to spruce up their backyard for the fall. At just $70, it’s a great deal any time of year, so we recommend picking yours up sooner rather than later.
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