Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY), Adobe (NASDAQ:ADBE), Advanced Micro Devices (NASDAQ:AMD), GE Aerospace (NYSE:GE).
Industry description
The investment seeks to provide investment results that correspond to the total return of U.S. stocks with high price momentum.
The fund normally invests at least 80% of assets in securities included in the MSCI USA Custom Momentum Composite Index. The MSCI USA Custom Momentum Composite Index is a customized version of the MSCI USA Momentum Index, which is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with relatively higher price momentum. It lends securities to earn income for the fund.
Market Cap
The average market capitalization across the Fidelity SAI US Momentum Index MF is 1.41T. The market cap for tickers in the group ranges from 191.49B to 3.48T. NVDA holds the highest valuation in this group at 3.48T. The lowest valued company is GE at 191.49B.
Volume
The average weekly volume growth across all stocks in the Fidelity SAI US Momentum Index MF was 58%. For the same stocks of the MF, the average monthly volume growth was 30% and the average quarterly volume growth was -7%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 77
P/E Growth Rating: 69
Price Growth Rating: 43
SMR Rating: 40
Profit Risk Rating: 18
Seasonality Score: 9 (-100 ... +100)