FSPTX Fidelity Select Technology Forecast, Technical & Fundamental Analysis

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Cisco Systems (NASDAQ:CSCO), Salesforce (NYSE:CRM), SERVICENOW (NYSE:NOW), Marvell Technology (NASDAQ:MRVL), NXP Semiconductors NV (NASDAQ:NXPI), ON Semiconductor Corp (NASDAQ:ON).

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.

The average market capitalization across the Fidelity Select Technology MF is 1.49T. The market cap for tickers in the group ranges from 20.15B to 4.72T. NVDA holds the highest valuation in this group at 4.72T. The lowest valued company is ON at 20.15B.

The average weekly volume growth across all stocks in the Fidelity Select Technology MF was 8%. For the same stocks of the MF, the average monthly volume growth was 19% and the average quarterly volume growth was -12%