WIREX Wireless Forecast, Technical & Fundamental Analysis

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Microsoft Corp (NASDAQ:MSFT), Broadcom Inc. (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Lam Research Corp (NASDAQ:LRCX), Applied Materials (NASDAQ:AMAT), KLA Corporation (NASDAQ:KLAC), QUALCOMM (NASDAQ:QCOM).

The investment seeks long-term growth of capital. The fund, under normal market conditions, invests at least 80% of its assets in the securities of companies engaged in the development, production, or distribution of wireless related products or services. It invests primarily in growth companies whose revenues and earnings are likely to grow faster than the economy as a whole, offering above-average prospects for capital appreciation and little or no emphasis on dividend income. The fund is non-diversified.

The average market capitalization across the Wireless MF is 1.71T. The market cap for tickers in the group ranges from 194.35B to 5.27T. NVDA holds the highest valuation in this group at 5.27T. The lowest valued company is QCOM at 194.35B.

The average weekly volume growth across all stocks in the Wireless MF was 11%. For the same stocks of the MF, the average monthly volume growth was 14% and the average quarterly volume growth was -44%