Notable companies
The most notable companies in this group are Apple (NASDAQ:AAPL), Cisco Systems (NASDAQ:CSCO), Arista Networks (NYSE:ANET), Palo Alto Networks (NASDAQ:PANW), Dell Technologies (NYSE:DELL).
Industry description
The investment seeks capital appreciation.
The fund normally invests in common stocks. It invests at least 80% of assets in securities of companies principally engaged in development, manufacture, or distribution of tech hardware. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.
Market Cap
The average market capitalization across the Fidelity Select Tech Hardware MF is 454.03B. The market cap for tickers in the group ranges from 30.44B to 2.62T. AAPL holds the highest valuation in this group at 2.62T. The lowest valued company is CDW at 30.44B.
Volume
The average weekly volume growth across all stocks in the Fidelity Select Tech Hardware MF was 15%. For the same stocks of the MF, the average monthly volume growth was 21% and the average quarterly volume growth was -10%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 62
P/E Growth Rating: 53
Price Growth Rating: 38
SMR Rating: 19
Profit Risk Rating: 17
Seasonality Score: -38 (-100 ... +100)