‘I kick myself’: A veteran Fidelity fund manager says he dumped his GameStop stake before its epic rally

Reddit Wall Street Bets Retail Trading GameStop
Photo illustration by Jakub Porzycki/NurPhoto via Getty Images

  • Long-time Fidelity manager sold out of GameStop ahead of the stock’s epic rally.
  • “Of course I kick myself,” he told Bloomberg, adding that he still sold above his estimated fair value.
  • Fidelity was once the largest shareholder of GameStop with 9.3 million shares.
  • See more stories on Insider’s business page.

A long-time fund manager at Fidelity investments sold out of the firm’s GameStop stake before the stock reached its epic high in January, Bloomberg reported.

“Sometimes I multiply the difference between the sale price and the current market price by the number of shares that I had, and of course I kick myself,” Fidelity’s Joel Tillinghast told Bloomberg Radio in an interview.

Tillinghast, who has managed the Fidelity Low-Priced Stock Fund since 1989, isn’t just any investor. He was recently named Morningstar’s outstanding portfolio manager of the year for being “among the industry’s best.”

With regard to GameStop, he said “there was no question” it was undervalued when it was in the single digits.

Insider reported previously that Fidelity had been at one time the largest shareholder in the video-game retailer, owning 9.3 million shares as of Dec. 31. The shares were in two funds run by Tillinghast, and according to filings posted Jan. 29, the firm had sold all but 87 shares.

Tillinghast told Bloomberg he sold out of the GameStop stake when the shares rallied above his estimate of fair value, which was before they hit a whopping $483 a share at the end of January. Fidelity told Insider it can’t comment as to exactly when and at what price he sold the stock at.

Even so, he told Bloomberg Radio “the comforting thing about being a value investor is I also feel like I sold it for more than my estimated fair value, and I was never meant to get the difference between today’s price and my estimated fair value.”

Though the shares haven’t been as high as they were in January, they’re trading around $215 apiece, far above what analysts say is the company’s fundamental value.

The epic rally in GameStop shares – in part an effort by an army of retail traders to beat Wall Street – brought the phenomenon of meme stocks into the spotlight earlier this year, and with it, many other companies that have rallied to all-time highs with the help of retail traders.

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The lawmaker behind New York’s legalization of same-sex marriage recalls the ‘blood and guts’ it took to pass it 10 years ago

New York Assemblyman Danny O'Donnell speaks on the floor of the assembly surrounded by LGBT pride flags.
New York Assemblyman Danny O’Donnell, D-Manhattan.

  • NY Assemblyman Danny O’Donnell spoke with Insider for the 10th anniversary of legal gay marriage.
  • He introduced the bill and whipped votes for five years before it passed.
  • “I put my blood and guts into making this happen,” he said.
  • See more stories on Insider’s business page.

Ten years ago today, New York became the sixth state to legalize same sex marriage.

This was before the landmark 2015 Obergefell Supreme Court case that legalized it nationwide, and after states such as California attempted to legalize it only to have the law reversed.

New York Assemblyman Danny O’Donnell, a Democrat who has represented Manhattan’s Upper West Side and Morningside Heights neighborhoods since 2003, introduced the bill and was responsible for whipping the votes in the lower chamber. O’Donnell and his partner were plaintiffs in cases trying to get the state to enact marriage equality laws. But he also chipping away at it for years in the legislature, finding openings and concessions to bring more Democrats on board.

The landmark bill passed and was signed into law on June 24, 2011 and took effect a month later.

O’Donnell spoke with Insider about how he helped get the bill over the finish line, reflecting on the progress made over the past decade and what younger generations should know about the struggle for marriage equality.

This interview has been lightly edited for length and clarity.

Insider’s Jake Lahut: What did it feel like in the early years when you were in the Assembly, when some states legalized gay marriage and there were civil union laws on the books, but public opinion was still against it?

O’Donnell: I always thought it would get over the finish line at some point. Other states primarily passed their marriage equality laws under court order. My now husband and I were plaintiffs in the marriage lawsuits. We were looking for the court to do that. The court didn’t do that, they said you have to go convince the legislature.

Civil unions, or civil partnerships, turned out to be a very big failure, particularly as it relates to medical care. Because if you get in a car accident, two people are presented and one can talk and one can’t, saying “he’s my partner” doesn’t carry the same understanding of what that means – he can be your law partner, right? So the word we use is married, or spouse, or husband, or wife, and that really was required. I knew it was an uphill battle, and I had a lot of convincing to do, but thankfully I turned out to be pretty convincing.

JL: Were there any turning points you started to see?

O’Donnell: Well the first vote we took in the Assembly was in 2007. We got the bill in April, and there were only 24 yes votes. By June, 85 of my colleagues voted yes. That was a combination of [Assemblymember] Deborah Glick and I going person to person and making the case that that was the right thing to do.

Additionally, I sent out weekly communications to all of my colleagues on a variety of subjects. I sent out polling information. I sent out legal arguments. I sent out oral arguments. And all of them ended the same way: John [my future husband] and I appreciate you taking the time to consider this.

I realized when I got to the Assembly that while there were other openly gay colleagues, they really didn’t bring their relationship into their work. And I knew that if I really wanted them to see me as an equal, I needed to do that. For the first vote, we had six undecideds.

So the speaker [Sheldon Silver] said to me, “What happens to the undecideds?” I said, “They all go with me.” And he looked at me like, really? But they did. And part of that reason was I had made the argument personal to them. So it was uncomfortable for my colleagues to vote against me rather than uncontrolled to vote against them.

JL: What’s your recollection of the role Gov. Andrew Cuomo played in these negotiations? He often touts marriage equality as one of his top accomplishments.

O’Donnell: When he was attorney general, he did absolutely nothing to help, but he expressed support. And when he became governor, he certainly did, but he’s a man who will take credit for the sun coming up.

So in the end, was he helpful in delivering Senate votes? Of course he was. But the truth was, as I said to the New York Times reporter the day it was about to pass, when a boulder rolls down a mountain, it’s a story. But the real story is who pushed it up the mountain in the first place.

Deborah [Glick] and I, along with a few others – please remember, between 2007 and 2011, the percentage of New Yorkers who were in favor of marriage equality went from the thirties – something 35% to 37% – to 52% to 54%. And that really was a whole cultural thing. It was “Will and Grace,” it was the perception of gay people in your families. There are a ton of things that account for that, and it gave people who were open-minded but afraid of their electorate the possibility of voting yes.

Man waves rainbow flag on first day of legalized same-sex marriage in New York.
Steven Green waves a rainbow flag in support of same sex marriage near the Manhattan City Clerk’s office in New York City on the first day of legalization of gay marriage in New York State on Sunday, July 24, 2011.

JL: That’s exactly what I wanted to ask about next. In terms of public opinion and the turnaround you’re describing, have you seen anything else like it?

O’Donnell: Two years ago I marched in the gay Pride parade, and I gave my sticker to a handsome young man, and he said to me, “Well what have you ever done?” I said, “I passed marriage equality.” He said, “You what? You had to pass that?” Okay. So that’s more than a little hurtful, I can assure you.

I put my blood and guts into making this happen. I exposed my family to a lot of things. I got death threats. As the expression goes, success has a million mothers and failure is an orphan. I have been to more fundraising events from more organizations who take credit for marriage equality passing, some of whom did not do a God damn thing.

So legislation, the first thing you have to learn is you have to learn how to count. Can you count? Because we need 76 votes in my house. So once the first vote was taken, it was my job to hold onto those votes, which is a very different art than getting them.

JL: How so?

O’Donnell: Well I had to be nice to people, some of whom I didn’t like! [Laughs.] They would say to me, “Well this is really important to me.” And I would think, well that’s a stupid idea, but I can’t vote against what they want because they are taking this big vote for me.

So for five years, all I did was marriage, and I saw everyone through the prism of whether they were supporting my equality or they weren’t.

JL: What lessons are there to be learned for younger activists today who were just kids at the time? Or are there things you think they’re maybe less willing to embrace?

O’Donnell: No, I don’t think they’re not willing to embrace them. I think they have no sense of history. I know highly educated young gays who don’t understand the history of AIDS, and when the pandemic started, I hadn’t felt that kind of terror and panic since the beginning of the AIDS crisis. Because that cancer was affecting a community who society at large either dismisses or hates, nothing was done, and that provoked quite a bit of anger.

And if you go back to Stonewall, Stonewall was a riot started by Black trans women who were sick and tired of being beaten by the police. It wasn’t – it didn’t start so pretty, let me put it that way. So I think there’s a lack of general knowledge on what it took, what it took to survive, what it took to be brave during those times. When I first got to Albany, I had colleagues say “I don’t know any gay people.” And I would say “Well, do you go out of your house?” But there was this culture where uncle Johnny shared a house with uncle Tony, and, you know, no one talked about what that was when they all knew what it was.

No judgement on that subject, but a lot of work, a lot of time.

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Biden ditches a corporate tax rate increase in his bipartisan infrastructure deal – for now

Joe Biden
President Joe Biden.

  • A group of Republican and Democratic senators struck a bipartisan infrastructure deal on Thursday.
  • President Joe Biden threw his support behind the framework, which omits several of his proposals.
  • One measure that didn’t make it in: An increase in taxes on companies to offset spending.
  • See more stories on Insider’s business page.

An increase to the corporate tax rate didn’t make it into the latest iteration of the infrastructure package – signaling a major compromise on the part of President Joe Biden.

On Thursday, Biden threw his support behind the bipartisan framework for a $1 trillion deal, which represented a major step forward amidst ongoing infrastructure negotiations, but left behind a tax hike on businesses in lieu of other pay-fors and spending offset. Biden had proposed hiking the corporate tax rate from 21% to 28%, after the rate had been slashed from 35% in Trump’s 2017 tax law. Senate Minority Leader Mitch McConnell has called that 2017 tax law a red line for the GOP, which should remain untouched.

Instead, a document outlining the bipartisan deal lists reducing the tax gap – the gap between taxes owed and collected – as one potential way to offset spending. That echoes rhetoric presented in the American Families Plan, which would allocate funding towards IRS enforcement to crack down on wealthy tax evaders.

Sen. Mark Warner (D-Va.), part of the bipartisan group, told reporters that “there’s lot of evidence that if you invest more in the IRS, it’s going to pay a huge dividend.” He cited an estimate from IRS Commissioner Charles Rettig that the tax gap could be in the ballpark of $1 trillion a year.

A $40 billion investment in the IRS, Warner said, could bring in a gross of $100 billion, meaning a net of around $60 billion that could fund spending.

In remarks following the deal’s announcement, Biden said he looked forward to receiving the bipartisan physical infrastructure deal, as well as a “human infrastructure” bill that will likely just garner party-line support.

“We’re going to have to do that through the budget process, and we need a fair tax system to pay for it all,” Biden said, referring to the reconciliation process that will be needed to pass the human infrastructure bill. “I’m not going to rest until both get to my desk.”

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The Tour de France favorites, ranked

Tour de France favorites Tadej Pogacar and Primoz Roglic
Who will win the Tour de France?

  • 184 of the best cyclists are set to compete in this year’s Tour de France, June 26-July 18.
  • But only 10 or so riders have a real shot at winning the world’s greatest race.
  • It should come down to who, if anyone, can beat the star Slovenians Pog and Rog.
  • See more stories on Insider’s business page.

One hundred and eighty-four of the best cyclists are set to compete in this year’s Tour de France, but only 10 or so riders have a real shot at winning the world’s greatest race.

Business gets underway on Saturday in Brest, in northwest France, before the peloton wends its way east, climbs the Alps and Pyrenees, stops in Bordeaux for a penultimate-day time trial, and finishes in Paris for the famous sprint on the Champs-Élysées.

While the 108th edition of the Tour features plenty of climbing and three summit finishes, there will also be two individual time trials, with overall victory favoring the strongest all-around rider.

Here are our favorites to win, ranked from least to most likely.

10. David Gaudu (Groupama-FDJ)

David Gaudu (Groupama-FDJ) Tour de France favorite racing his bike.
David Gaudu.

The 24-year-old is one of cycling’s top climbers, but he struggles in time trials, so this year’s route is less than ideal for the Frenchman. And he lacks a strong team. Still, every season he seems to get better, and he should at least liven up the fight for the top 10. He’s certainly France’s best shot at a podium in Paris.

9. Miguel Ángel López (Movistar)

Miguel Ángel López (Movistar) Tour de France favorite racing his bike.
Miguel Ángel López.

The 27-year-old Colombian raced his first Tour only last year, and he didn’t waste the opportunity: He won the hardest climbing stage and ran sixth overall. But López is no newbie when it comes to stage racing, having stood on the Giro podium, claimed stages in the Vuelta, and won the Volta a Catalunya and Tour de Suisse. The climber’s Achilles’ heel is time trialing on flatter roads, and unfortunately for him, there are two of those tests this year. Depending on how things shake out, he may go stage hunting instead of trying to podium in Paris.

8. Jakob Fuglsang (Astana-Premier Tech)

Jacob Fuglsang (Astana-Premier Tech) Tour de France favorite racing his bike.
Jakob Fuglsang.

The tall Dane is a strong all-rounder who excels in the mountains and can time-trial. The 36-year-old has never won a grand tour, but he manages to prevail every year in some of the biggest races. He should ride high overall and grab a stage along the way.

7. Richard Carapaz (Ineos Grenadiers)

Richard Carapaz (Ineos Grenadiers) Tour de France favorite racing his bike.
Richard Carapaz.

The Ecuadorian star has the strongest team in the race but might find himself held back working for Geraint Thomas in the high mountains. He’s an ace climber and good in the time trial. If the 28-year-old gets the opportunity to fight for the win, he’s shown that he can deliver. He’s already won the Giro, so why not the Tour?

6. Simon Yates (BikeExchange)

Simon Yates (BikeExchange) Tour de France favorite racing his bike.
Simon Yates.

The 28-year-old Englishman is one of the best climbers. He’s won stages in all three grand tours and claimed the Vuelta a España overall in 2018. In May, he was third at the Giro d’Italia, and before that, he won the Tour of the Alps. Still, not many riders do both the Giro and Tour in the same year, so it wouldn’t be surprising if Yates loses steam somewhere on the roads of France. And flat time trials don’t suit him. But Yates has been one of the few riders to stay close to Pog and Rog uphill, so he can’t be counted out.

5. Richie Porte (Ineos Grenadiers)

Richie Porte (Ineos Grenadiers) Tour de France favorite racing his bike.
Richie Porte.

The soft-spoken Tasmanian has never won a three-week race, but Porte ran third in last year’s Tour. The 36-year-old can still climb and time-trial with the best, or be close to them, and this season he’s been flying. While he’s often had a bad day or two in grand tours and has had his share of crashes, last year he avoided all that, and it should give him confidence. His stacked team could complicate things, but he could podium again.

4. Rigoberto Urán (EF Education-Nippo)

Rigoberto Urán (EF Education-Nippo) Tour de France favorite racing his bike.
Rigoberto Urán.

The 34-year-old Colombian all-rounder should thrive given the hard finishes and time trials. He appears to be coming into peak fighting condition after his TT win and second place overall at the Tour de Suisse. Tactically astute and cool under pressure, he’s as experienced as they come. Should his rivals falter, he could equal his second place in 2017 or go one step higher on the podium in Paris.

3. Geraint Thomas (Ineos Grenadiers)

Geraint Thomas (Ineos Grenadiers) Tour de France favorite racing his bike.
Geraint Thomas.

The Welshman won the Tour in 2018 and was runner-up in 2019. This year he finds himself leading the strongest team in the race, and the route suits him with its mix of climbs and pair of time trials. But does the crafty 35-year-old have another Tour victory in him? Will there be a battle for team leadership? Can he beat Pog and Rog?

2. Primož Roglič (Jumbo-Visma)

Primož Roglič (Jumbo-Visma) Tour de France favorite racing his bike.
Primož Roglič.

The former world-class ski jumper now ranks among the best bike racers. The unassuming 31-year-old got into competitive cycling relatively late, but he’s already won big races, including two Vueltas, stages in all three grand tours, and Liège-Bastogne-Liège. Last year he was one stage from winning his first Tour before fellow Slovenian Tadej Pogačar shocked him and the cycling world to win the penultimate-day time trial and snatch overall victory. Can he deliver this year? If anyone can beat Pog, it’s Rog.

1. Tadej Pogačar (UAE-Team Emirates)

Tadej Pogačar (UAE-Team Emirates) Tour de France favorite racing his bike.
Tadej Pogačar.

This spring, the 2020 Tour de France winner won the hardest one-day race in the world, Liège-Bastogne-Liège, in addition to a slew of other big races. Pogačar is back in France with a stronger team this year. And while winning the Tour is never easy — and he’ll face new pressure as defending champ — come Paris he should be in yellow again. Right now the Slovenian sensation is the best cyclist on the planet. To think he’s just 22.

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Biden’s bipartisan infrastructure deal is more than $1 trillion smaller than his initial pitch. Here’s what he cut out.

Joe Biden with bipartisan group of senators.
President Joe Biden with bipartisan group of senators.

  • Biden reached a $1 trillion deal on infrastructure with a bipartisan group of senators on Wednesday.
  • But the deal leaves out many elements of his original plan, like eldercare and affordable housing.
  • Democrats are pushing for a separate reconciliation bill to include care-economy measures.
  • See more stories on Insider’s business page.

What started as a $2 trillion infrastructure plan pitched by the White House is now a $1 trillion plan backed by the president and 10 senators from both parties. But parts of President Joe Biden’s original American Jobs Plan are notably missing from the framework announced on Thursday.

Biden first unveiled his $2 trillion infrastructure pitch in March, which included funding not only for physical infrastructure, like roads and bridges, but also for affordable housing and climate initiatives. While the $1 trillion plan Biden agreed to with the bipartisan group largely funds physical infrastructure, there are gaps where care-economy measures once were.

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Here’s what didn’t make the cut in the bipartisan proposal:

  • $400 billion in home care for older adults and people with disabilities;
  • $213 billion for creating and retrofitting over 2 million housing units;
  • $112 billion for upgrading school infrastructure;
  • And $180 billion for research and development, including $35 billion in climate research.

Funding for electric vehicles was also cut by $100 billion, and for broadband funding by $35 billion.

Progressive lawmakers criticized the deal for failing to include the care-economy measures that were in Biden’s initial plan and are pushing for a bigger reconciliation bill to be passed alongside this bipartisan deal to promptly meet the needs of the American people.

“Everything that is expected is that [the bipartisan deal] will not include comprehensive clean energy policy, and I am not willing to support throwing climate overboard,” Senate Finance Committee Chair Ron Wyden said on a call with the climate advocacy group Climate Power.

“The two bills have got to be directly connected,” he added, referring to the infrastructure and reconciliation bills.

Last week, Vermont Sen. Bernie Sanders drafted a $6 trillion bill that included many elements left out of the bipartisan plan, like climate initiatives and affordable housing, which he said would require reconciliation. And although moderate Democratic Sen. Joe Manchin said he would support using reconciliation to pass a separate bill, he balked at the size of Sanders’ proposal and the amount it would add to the national debt.

Biden appears unwilling to let his original proposals go, saying in a Thursday press conference that the bipartisan deal represented “one half” of his economic plan, and he wants to get to work “right away” on care-economy proposals. He promised the two bills would move “in tandem.”

“For me, investment in our physical and human infrastructure are inextricably intertwined,” Biden said. “Both make us stronger.”

Read more: Democrats just unveiled a $400 billion caregiving bill that would supercharge home care and boost pay for workers as 820,000 people wait for help

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56 thoughtful and useful gifts that teens will actually use

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patagonia sweater

  • It’s never easy to shop for a teenager, especially since their tastes tend to change frequently.
  • We rounded up 56 gifts for teens to make it easier to find the perfect gadget, game, or accessory.
  • Browse all of Insider Reviews gift guides for more great ideas.

Being a teenager is tough, but trying to buy a gift for one is even harder. They are often-times picky and fickle when it comes to what products they want. Sometimes, the best way to show a teen that you care is just to listen, and sometimes it’s a thoughtful gift to acknowledge how hard they are working and to show them you see them.

To make things easier, we’ve curated 56 gifts ranging from a card game to a smart watch to a quick-drying hair towel at various price points to ensure as many options as possible. If you are still unsure, and you can’t ask them directly, try consulting their friends. Either way, a smart general rule of thumb is to make sure your gift is returnable. Just in case that specific day they aren’t into it anymore.

Below are 56 of the best gifts for teens to get you started:

Reusable straws

a hiware reusable straw in a travel mug

Hiware Reusable Silicone Straws (10-pack), available at Amazon, $5.99

Help teens do their part to keep single-use plastics out of trash bins, landfills, and the ocean by giving them this pack of reusable silicone drinking straws. They come in various colors and include a few cleaning brushes as well.

 

Fidget balls

speks magnetic balls moulded into flower and cylindrical shapes

Speks 2.5mm magnet balls, available at Speks, $27.95

Made from rare earth magnets, these tiny balls can be molded into an infinite number of shapes and designs. The size of Speks balls makes them ideal for teens to keep with them for those unpredictable moments of nervousness or anxiety that fill those teenage years.

A portable phone charger

eleject portable charger plugged into laptop and phone

Elecjet Powerpie Portable Charger, available at Amazon, $49.99

This handheld charger can charge up your teen’s smartphone or various devices like an iPad or small laptop which is vital for staying in touch, getting their paper turned in on time, or making sure they can keep scrolling on their social media.

A toothbrush with a timer

Oral B Pro 1000

Oral-B Pro 1000 Electric Toothbrush, available at Amazon, $39.86

Rigorous dental hygiene isn’t usually on the top of the list of things teens care about, which is all the more reason a rechargeable toothbrush with a timer is a fantastic gift. This rechargeable brush breaks up 300% more plaque on the gum line than traditional brushing and let’s them know when two minutes has passed.

An easy and fun card game

monikers card game

Monikers Card Game, available at Amazon and Barnes & Noble, $24.99

Game night can be fun, but a teen doesn’t have time to explain all the intricacies of Settlers of Catan to their friends. Simplicity is why Monikers is a fantastic gift — think Cards Against Humanity meets charades. The rules are simple, setup is quick, and they can play with four or more people. 

 

A portable battery charger for their car

noco boost plus battery charger for car

Noco Boost Plus, available at Amazon and Walmart, $99.95

The Noco Boost Plus is a powerful battery that’s small enough to fit under the passenger seat, but it packs enough power to jump-start any vehicle with a 6-liter engine or smaller — and do it 20 times before needing a recharge. It also offers a USB port for charging various devices and has an integrated flashlight with a strobe setting for extra safety at night

An eco-friendly phone case

Best gifts for teens that are unique and useful like an eco-friendly phone case

Pela Phone Case, available at Amazon and Pela, from $39.95

Pela offers a wide variety of biodegradable cases for iPhone and Android, all made from plant-based polymers. Pela cases are rugged enough to offer drop protection, and if a phone has both a Pela case and screen protector but still cracks, Pela will cover the bill to get it fixed.

Compact hand sanitizer spray

Touchland

Touchland Power Mist Hand Sanitizer, available at Touchland, $12

It’s in the car, the house, and their pocket these days, but many hand sanitizers can smell a little like household cleaner. Touchland comes in scents like Vanilla Cinnamon and Forrest Berry, or keep it simple and choose unscented. The compact sanitizer features 67% alcohol for killing germs but balances it with soothing aloe vera and essential oils to hydrate the skin. 

A slim leather wallet

bellroy slim sleeve wallet

Bellroy Slim Sleeve Leather Wallet, available at Amazon and Bellroy, $79

This thin wallet is a subtle nudge toward minimalism, something many teens appreciate. The Bellroy Slim Sleeve wallet offers room for up to eight cards and a pocket to stash cash. It comes in a variety of colors and features environmentally certified leather.

Durable sunglasses that look good, too

smith optics lowdown 2 sunglasses

Smith Optics Lowdown2, available at Backcountry, $129

Who better to make a pair of durable, performance-based sunglasses than the company known for innovating the ski goggle? The Lowdown2 features bio-based materials for the frame, ChromaPop lens technology which creates high contrast and vibrant colors, and an anti-reflective smudge-resistant coating. Plus, they offer peace of mind with free shipping, 30-day returns, and a lifetime warranty.

An apple watch that combines their smartphone with a fitness tracker

gifts for teens

Apple Watch SE GPS, 40mm, available at Best Buy, from $279

If you have a little extra to spend on your teen, consider getting them a smartwatch. The Apple Watch SE is like a smartphone, fitness tracker, and music player all in one. Just like on their phone they can customize the watch to show their favorite apps to pick, including social media.

A gift card for new glasses

Warby Parker

Gift Card, available at Warby Parker, from $50

Teens are a notoriously picky bunch, so you can never go wrong with a gift card. If they’re in the market for new glasses or sunglasses, we recommend Warby Parker because of its versatility, size flexibility, and free at-home try on program. 

A vinyl record membership

music lover gifts update 4

Gift Membership, 3 months, available at Vinyl Me, Please, $119

There’s no greater joy than adding to a record collection or playing a new album for the first time. Your recipient gets to choose from three different types of tracks each month and will also receive extra goodies in each package. They’ll also get one bonus record as part of the three-month gift membership. 

A smartphone-sized travel photo printer

image 2019 12 12T143644.094

HP Sprocket 200 Photo Printer, available at Amazon and B&H Photo, from $79.99

This tiny, compact device prints photos with sticker backing on ZINK film with Zero Ink technology. It connects to devices via Bluetooth, and multiple devices can connect at once — personalized LED lights indicate who’s currently printing. 

A Time-Turner clock that actually spins

time turner clock

Harry Potter Time-Turner Clock, available at Pottery Barn, $59

It may not be able to take them back in time or help them be in two places at once, but this Time-Turner clock will help them stay on top of their schedule. It even has a functional hourglass on the back so they can time their study breaks. 

A lottery card that donates to charities

Gifts for Aunt LottoLove

LottoLove Card, available at LottoLove, from $5

When you gift this lottery card, you’re actually giving the gift of charity. When you “win big,” you’re winning a charitable prize that gets donated to nonprofits in one of four categories: clean water, solar light, nutritious meals, or literacy tools. To date, LottoLove and its partners have impacted lives in over 70 countries.

A pair of trendy, easy-to-use AirPods

Apple AirPods worlds most popular wireless headphones_woman wearing airpods_03202019

Apple AirPods with Wireless Charging Case, available at Apple, $199

If you’re after the title of their favorite relative of the year, here’s a good place to start. AirPods are both easy to use and functional as well as trendy. The newer generation of AirPods can be purchased on sale at Amazon for the same price, but we still like this version.

A Disney+ subscription for access to classic movies and more

Disney Plus Under $25 (13)

Disney+ Gift Subscription Service, available at Disney, $79.99/year

Disney Plus is the new Disney-centric streaming service. The platform includes Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox. You can gift a whole year of access for $80, which is something their entire family can benefit from.

If you’d rather test Disney Plus out before buying, you can sign up for a free weeklong trial.

A creamy lip balm that goes on silky smooth

Gifts for teens Glossier

Balm Dotcom Universal Skin Salve, available at Glossier, $12

Glossier is the maker of makeup that’s not really makeup. It’s dewy, fresh, and youthful — more of a complement to the skin than a cover for it. Check out the company’s bestsellers, or grab a cult-favorite tinted Balm Dotcom for them to use as a multipurpose lip balm. 

An Amazon Echo Dot for hands-free calls, alarms, music, updates on the weather, recipes, and more

Amazon Echo, Charcoal

Echo Dot (4th gen), available at Amazon, $44.99

The Amazon Echo Dot is the most popular Amazon device for a reason — it’s compact and has all the capabilities of Alexa (weather updates, recipes, music, news) without any of the bulk. 

A fortune-telling cup and guide book

Gifts for teens teacup

The Cup Of Destiny Book + Teacup Set, available at Urban Outfitters, $24.95

This cup is a copy of an Edwardian fortune-telling cup and saucer, and it comes with Jane Lyle’s expert book as a guide to reading over 200 of the signs and symbols they might find. 

A cult-favorite hair towel that reduces damage and cuts drying time by 50%

Gifts for teens Aquis

Aquis Rapid Dry Hair Towel, available at Amazon and Sephora, from $20.99

Aquis’ cult-favorite hair towels can cut the amount of time it takes your hair to dry in half — a claim we’re happy to report holds up. The proprietary fabric also means there’s less damage to wet hair while it dries. If they’ve ever complained about frizzy hair, this and a silk pillowcase are thoughtful gifts they’ll actually use. Find more product suggestions here.

A trendy Champion sweatshirt

gfits for teens

 Champion Reverse Weave Fleece Crew Neck Sweatshirt, available at Urban Outfitters, $54

Like Fila, Champion is a brand that’s had a resurgence as of late. If you want to get them something they’ll end up wearing more often than you’d probably one day like, this is a good candidate. 

A splashproof portable Bluetooth speaker for great sound and low maintenance

JBL Charge 3

JBL FLIP4, available at JBL, $89.95

This under-$100 Bluetooth speaker with over 5,600 five-star reviews on Amazon is ideal for teens who want great sound and could use a speaker that won’t protest to spills or less-than-gentle handling.

A new video game

FIFA 21 Standard Edition Under $25 Amazon

FIFA 21 Standard Edition, available at Amazon, $28.79

If they’re really into video games, all other gifts may pale in comparison to a really good new one. Check out Legend of Zelda Link’s Awakening, Borderlands 3Luigi’s Mansion 3, and FIFA 21 Standard Edition this year. 

The book that was made into Netflix’s new teen classic

Gifts for teens To All the Boys

To All the Boys I’ve Loved Before book collection, available at Amazon, Target, and Barnes & Noble, from $17.85

If you haven’t heard about this Netflix movie more times than you can count, rest assured that it has become a full-blown teen phenomenon — and a sequel is imminent. They’ll love getting to relive it in book form. This collection includes all three books in the series. 

Comfortable lounge pants that look put-together

meundies loungers

The Lounge Pant, Men, available at MeUndies, $68

The Lounge Pant, Women, available at MeUndies $68

MeUndies is a popular LA startup that makes some of the most comfortable underwear we’ve ever tried. Their lounge pants, however, are the real hidden gem — perfect for lounging around on weekend mornings or heading to the dining hall when they get to college (yep, they’ll last that long), and they’re sleek enough to avoid looking too unkempt for the comfort.

Fun and useful PopSockets for the back of their phone

Gifts for Dad Baby Yoda Popsocket

PopGrips, available at PopSockets and Amazon, from $10

PopSockets have become their own cultural phenomenon in recent years, and they’re surprisingly useful. Get your teen one for their own phone, kindle, or tablet, and depending on their age, you may find it’s the gift they’re most excited about. It doesn’t hurt that there’s free domestic shipping on orders over $20, or that you can actually design your own.

A toiletry bag for grooming tools and makeup

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Small Shave Bag, available at Leatherology, from $90

Hunter Toiletry Bag, available at Dagne Dover, from $35

Leatherology’s shave bag is a great purchase if you want to gift your teen a leather bag that will age gracefully. But, if you’re looking to get something a bit cooler, Dagne Dover makes a great neoprene toiletry bag that’s built to accommodate makeup. If they have a lot of toiletries, you’ll probably want to get the large size for $55 (shown above).

A set of velvet retro-inspired scrunchies

Gifts for teen scrunchies

Hair Scrunchie Variety Pack, available at Target, $6.99

Another trendy gift is as many scrunchies as you can carry. This pack comes with 12 options in enough colors to work with virtually any outfit or mood. 

16 Korean sheet masks

Gifts for girlfriend Dermal

Dermal Korea Facial Mask Sheets, 16-Pack, available at Amazon, $11.99

For the ideal night(s) in, grab this inexpensive and cult-favorite 16-pack of Korean sheet masks — something any beauty- or skincare-obsessed teen will likely already know about.

Comfortable headphones with a long battery life and good sound

beats studio 3

Beats by Dre Wireless Solo3 Headphones, available at B&H Photo, from $149.95

They can use these at the gym, for studying, and for zoning out during family road trips. This pair has great sound, cushioned ear cups, and 40 hours of battery life so they have one less thing to think about. And if they let the battery run out, a five-minute charge is the equivalent to three hours of play time.

A trendy neon beanie

Gifts for teens beanie

UO Neon Watchcap Beanie, available at Urban Outfitters, $9.99

Another clothing item that you’ll see around frequently over the course of the fall and winter is a neon beanie. This one is a soft, basic staple that is a little cooler than your average black or grey.

Personalized Nikes

custom nike zoom pegasus turbo shield by you

Customizable Nikes, available at Nike, from $120

Nike makes great stuff, and they’re popular for that reason. But it’s nice to get the benefits of the big budget, years of product development, and design team without forsaking what makes something unique. You can customize a pair of Nikes for them, or give them a gift card so they can get creative making something one-of-a-kind on their own.

Comfortable, high-quality sheets that come in lots of colors and patterns

Brooklinen

Luxe Hardcore Sheet Bundle, available at Brooklinen and Amazon, from $240

We think Brooklinen makes the best high-end sheets at the best price on the market, and most of the Insider Reviews team uses Brooklinen on their own beds. It’s perfect for lazy Saturday mornings or the rare occasion sleeping in is encouraged.

The Luxe Hardcore Sheet Bundle comes in 15 colors and patterns that range from classic to fun, and you can mix and match them to suit their preferences. Grab a gift card (delivered digitally) if you want to give them more freedom.

A waterproof speaker so they can listen to music in the shower

SoundBot Water Resistant Bluetooth Speaker Under $25

SoundBot Water Resistant Bluetooth Speaker, available at Walmart and Amazon, $14.99

This speaker is waterproof, wireless, and has a suction cup to stick to the wall so they can listen to their favorite music easily in the shower.

A subscription to a famous book club that sends them great hardcovers each month

book of the month, $44.99, 3 months

3-Month Gift Subscription, available at Book of the Month, $49.99

If your teen is a bookworm, Book of the Month is an especially cool gift. It’s a book club that has been around since 1926, and it’s credited with discovering some of the most beloved books of all time (like “Gone with the Wind” and “Catcher in the Rye” to name a couple).

If you gift them a subscription, they’ll receive a hardcover book delivered once a month. Books are selected by a team of experts and celebrity guest judges.

If they’re really more into audiobooks or e-reading now rather than hardcovers, check out a gift subscription to Scribd (full review here).

String lights with clips for photos

Gifts for teens string lights

Photo Clip LED String Lights, available at Target, $10

Perfect for creating the archetypal teen room that’s most often seen in Netflix movies and old Taylor Swift music videos, the photo clip string lights combine warm light and Polaroids or other memorabilia. 

A gentle facial cleansing device that removes 98.5% of dirt and makeup

foreocleansersmenlifestyle

Luna 2 Facial Cleansing Device, Men, available at Foreo, $169

Luna 2 Facial Cleansing Device, Women, available at Foreo, $169

FOREO’s cult-favorite Luna 2 cleansing device gently and effectively cleans with thin, antimicrobial silicone touch-points, and it removes 98.5% of dirt and makeup residue without irritating the skin. Plus, it’s 100% waterproof and the battery life lasts for a few months per charge. Find a full review from a female reporter and a male reporter here.

A monthly subscription of grooming products to try

BirchBox subscription

Three Month Subscription, available at BirchBox, $45

Teens are usually among the most interested in the latest and greatest beauty or grooming products, but may lack the funds to try all the full-sized versions. Birchbox sends samples of new and beloved products once a month, so they can test out new finds and discover products they may want to buy a full size of in the future. It’s also just fun to get an ongoing gift that’s all about them.

A multicolor mini cinema light box

Multicolor Cinema Light Box Under $25

Multicolor Cinema Light Box, available at Uncommon Goods, from $20

These trendy lightboxes are inspired by cinema marquees, and they come with 100 letters and symbols for personal messages. This one also has color-changing LED lights for further customization.

One of the best young adult books ever written

Gifts for teens The Outsiders

The Outsiders, available at Amazon, $5.89

For the kind of gift that they’ll still mention 10 years later, give them one of the best young adult books you ever read — or one of the 37 best young adult books Business Insider staff ever read. You may also want to check out Amazon’s list of the 100 books you should read in a lifetime too. 

A comfortable and sustainable Patagonia pullover they’ll wear all the time

patagonia sweater

Lightweight Synchilla Snap-T Pullover, Men, available at Patagonia, $119

Patagonia Women’s Better Sweater 1/4-Zip Fleece, available at Patagonia, from $70.99

A Patagonia sweater is a particularly good gift for teens who are interested in sustainability. The company has been turning plastic bottles into polyester for its clothing since 1993, and continues to do so today.

Its Snap-T pullover is the unofficial uniform of the cozy adventurer. It and the Better Sweater are long-held favorites, and both are comfortable classics that they’ll no doubt come to rely on heavily during colder weather.

A suitcase with an ejectable battery that can charge their devices on the go

Away $225

The Carry-On, available at Away, from $225

Travel startup Away makes a great carry-on thanks to an ejectable battery that can charge devices seamlessly on the go, 360-degree wheels, and a lightweight build that travels easily. In other words, it takes a lot of the angst out of travel, and may make family trips far more enjoyable and stress-free.

The extremely popular Nintendo Switch

nintendo switch

Nintendo Switch, available at Best Buy, $299.99

The Nintendo Switch is likely to be one of those big ticket gifts that’ll get you an extremely excited reaction upon opening. They can play it at home, on the go, and with friends from a huge library of games.

A popular electric toothbrush from an up-and-coming startup

Quip, from $25

Electric Brush, available at Quip, $25

To inspire the best oral care you can, gift them a surprisingly cool electrical toothbrush from an up-and-coming startup they’ve probably heard about. Quip is a relatively inexpensive electric toothbrush, and the company sends fresh brush heads and battery refills every three months. When you gift Quip, you can prepay for the year. Otherwise, Quip users are charged $5 every three months for refills.

Cool backpacks from a popular startup with a charitable mission

state bags Under $25

State bags and accessories, from $25

State bags are increasingly popular thanks to their versatile, laid-back aesthetic and characteristically bright nylon colorways. They’re also known as #GiveBackPack(s), because for every State bag purchased, State hand-delivers a backpack — packed with essential tools for success — to a local child in need. The Lorimer and Bedford are two of the company’s best sellers.

Gift cards for concert tickets, food, and clothes

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You can’t go wrong with money for their favorite things, especially for teens who are often relying upon part-time jobs to fund their frequent Chipotle meals and concert trips with friends. Check out more gift card gifts here.

Everything: Visa Gift Card / Amazon Gift Card

Coffee and food: Starbucks Gift Card / Chipotle Gift Card

Entertainment and live events: Netflix Gift Card / Xbox Gift Card / Hulu Gift Card / StubHub gift card

Music: Spotify Gift Card

Sheets: Brooklinen Gift Card

Groceries and food: Whole Foods Gift Card / Chipotle Gift Card

Clothes: Nordstrom Gift Card / Everlane Gift Card

Tech: Best Buy Gift Card

A cute iPhone case

Coffee Reading iPhone Case Under $25

Coffee Reading iPhone Case, available at Society6, $19.49

In my teen years, you could have tethered me to my phone with a 10-inch string and I wouldn’t have noticed. This makes phone-related gifts pretty easy scores. This fun iPhone case is funny and unique, and most of their friends probably won’t have the exact same one. 

A color-changing alarm clock that also charges their phone

Gifts under $25 Alarm Clock

La Crosse Technology Color Mood Light Alarm Clock with Nature Sounds, available at Amazon and The Home Depot, $26.14

This color-changing alarm clock radio will charge their devices and play soothing nature sounds at the same time. They can also use the aux-in port to play music from their phone.

The newest version of the most popular Fitbit for fitness and sleep tracking

Fitbit Charge 3

Fitbit Charge 4 Fitness Tracker, available at Fitbit, $129.95

Fitbits help the wearer measure and track their health and fitness, including sleep patterns and activity trends. They can set goals and get real-time stat updates during workouts to see how they can improve. It’s also water-resistant and has a battery life that lives up to seven days.

A cool weekender for sleepovers that not everyone will have yet

Dagne Dover 2

Unisex Landon Carryall, available at Dagne Dover, from $95

Dagne Dover is a cult-favorite handbag startup and their weekender bags make for a unique and useful unisex gift. It’s made from neoprene (think: scuba gear), and has an impressive internal organization system (padded laptop sleeve, water bottle pocket, and stretch key leash for easy access). It’s great for weekend trips, sleepovers, and as a carry-on, and comes in a ton of colors.

A soft $100 cashmere sweater they can wear with anything

Everlane $100 cashmere sweater review

Cashmere Crew, available at Everlane, from $50

Everlane is a cult-favorite startup, and its $100 cashmere sweaters are one of its most popular products ever for a reason — they’re soft, come in 18 colors, and the owner can pair this with pretty much anything during the cold season.

If they’re especially environmentally conscious, check out Reformation’s 70% recycled cashmere or Patagonia’s recycled cashmere. If you’re looking for something less expensive, cashmere startup Naadam has fantastic cashmere sweaters for $75, but they’re prone to sell out.

A pack of smart plugs so they can control devices from a distance

Gifts for teens TP Link

TP-Link KIT WiFi Smart Plug, 2-Pack, available at Best Buy, $9.99

Whether they’re wondering if they turned off their hot iron or just don’t want to get up to turn off the TV, a smart plug lets them control devices from a distance. You can connect to them using any smart device.

A great Alexa-enabled speaker they can control by voice

Sonos One

Sonos One Smart Speaker, available at Sonos, from $199

The new Sonos One smart speaker fills any room with clear, rich sound, and they can use Alexa to play and control their music without ever lifting a finger. Find a full review here.

A waterproof e-reader with a no-glare screen

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All-New Kindle Paperwhite, available at Amazon, $129.99

Amazon’s all-new Kindle Paperwhite is the thinnest, lightest one yet and it’s waterproof for reading anywhere, including the beach or bath. It also has double the storage, a built-in light that adjusts to accommodate reading indoors or outdoors, day and night. Plus, a single battery charge lasts weeks rather than hours.

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A kangaroo’s pouch is much more complex than you might think

  • A kangaroo pouch may look like a simple pocket, but it’s actually a complex nursery that contains everything a growing joey needs.
  • The pouch is hairless on the inside, and is lined with sweat glands that release antimicrobial liquid to keep the joey safe from germs.
  • It also has built-in nipples that release customized milk for every stage of the joey’s development.
  • See more stories on Insider’s business page.

Following is a transcript of the video.

Narrator: At first glance, a kangaroo’s pouch looks like nothing but a built-in baby sling. But if you peeked inside, you’d see it’s far more complex than a simple pocket. It has to be, because the joey inside is not your average baby.

An adult male red kangaroo can stand over 1 1/2 meters tall and weigh 90 kilograms. That’s larger than a grown man.

But the newborns start out the size of jelly beans. They’re blind, deaf, and hairless to boot. After all, they only spend 33 days inside their mom before birth. That’s like a human having a baby when she’s two months pregnant.

So the underdeveloped roo isn’t ready to face the harsh Australian wilderness. That’s where the pouch comes in. It’s a pocket of skin that acts like a second womb, giving the joey a safe, cozy environment to grow. And, like a pregnant belly, the pouch can stretch to fit the baby as it gets bigger. It’s lined with powerful, but flexible, muscles and ligaments. To keep the joey safe, mom can tighten those muscles to shut the pouch flush against her body, just like pulling a drawstring bag closed.

And it will need the extra space, because over the course of eight months, that bean-sized baby will reach the size of a large house cat. That’s thousands of times it’s birth weight. That rapid growth is thanks to the pouch’s four nipples, which spout milk that contains germ-fighting antibodies to keep the little roo from getting sick. But that’s just the start.

You see, the nutrient levels change to meet the baby’s needs as it ages. For example, sulfur, a major building block of hair, peaks around three months in. That’s the same time the baby starts growing fur. The best part? Mom can produce multiple types of milk at the same time, each squirting from its own nipple. So she can suckle two babies in different age groups simultaneously.

Another special feature about the kangaroo pouch is that it’s lined with sweat glands that release antimicrobial substances, which help protect the baby roos from harmful viruses, bacteria, and parasites. But there’s one more way that pouch’s design keeps the joey safe. It’s totally hairless, and that skin-to-skin contact keeps the baby warm and cozy. Basically, it’s the ultimate nursery.

But nothing lasts forever. Eventually, the joey will need to leave the pouch. At about 5 months old, it pokes its head out. And a month later, it takes its first tentative steps into the world. There, it will explore for a few short seconds before high-tailing it home.

But as it gets older and bolder, it stays out longer, until eight months in: It’s ready to leave the nest, well, the pouch, for good.

To learn more, visit Zoos Victoria.

EDITOR’S NOTE: This video was originally published in August 2019.

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