FBMPX Fidelity Select Communication Services Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Netflix Inc. (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), AT&T (NYSE:T), Uber Technologies (NYSE:UBER).

The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of companies principally engaged in the development, production, or distribution of communication services. It invests in domestic and foreign issuers. The fund 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. It invests primarily in common stocks. The fund is non-diversified.

The average market capitalization across the Fidelity Select Communication Services MF is 1.01T. The market cap for tickers in the group ranges from 6.85B to 3.8T. GOOGL holds the highest valuation in this group at 3.8T. The lowest valued company is LBRDA at 6.85B.

The average weekly volume growth across all stocks in the Fidelity Select Communication Services MF was -34%. For the same stocks of the MF, the average monthly volume growth was -58% and the average quarterly volume growth was -29%