Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Tesla (NASDAQ:TSLA), Costco Wholesale Corp (NASDAQ:COST).
Industry description
The investment seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index®.
The fund normally invests at least 80% of assets in common stocks included in the index. The advisor uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire index. The advisor lends securities to earn income for the fund.
Market Cap
The average market capitalization across the Fidelity Nasdaq Composite Index MF is 1.86T. The market cap for tickers in the group ranges from 435.99B to 3.19T. NVDA holds the highest valuation in this group at 3.19T. The lowest valued company is COST at 435.99B.
Volume
The average weekly volume growth across all stocks in the Fidelity Nasdaq Composite Index MF was 29%. For the same stocks of the MF, the average monthly volume growth was 3% and the average quarterly volume growth was -24%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 80
P/E Growth Rating: 47
Price Growth Rating: 13
SMR Rating: 35
Profit Risk Rating: 11
Seasonality Score: -16 (-100 ... +100)