Notable companies
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Salesforce (NYSE:CRM), Cisco Systems (NASDAQ:CSCO), SERVICENOW (NYSE:NOW), NXP Semiconductors NV (NASDAQ:NXPI), Marvell Technology (NASDAQ:MRVL), ON Semiconductor Corp (NASDAQ:ON).
Industry description
The investment seeks capital appreciation.
The fund primarily invests in common stocks. It normally invests at least 80% of assets in securities of companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. 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 Technology MF is 1.04T. The market cap for tickers in the group ranges from 29.07B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is ON at 29.07B.
Volume
The average weekly volume growth across all stocks in the Fidelity Select Technology MF was 27%. For the same stocks of the MF, the average monthly volume growth was 10% and the average quarterly volume growth was 13%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 61
P/E Growth Rating: 65
Price Growth Rating: 44
SMR Rating: 38
Profit Risk Rating: 30
Seasonality Score: 6 (-100 ... +100)