FUMIX Fidelity SAI US Momentum Index Forecast, Technical & Fundamental Analysis

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Broadcom Inc. (NASDAQ:AVGO), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Advanced Micro Devices (NASDAQ:AMD), GE Aerospace (NYSE:GE), Adobe (NASDAQ:ADBE).

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.

The average market capitalization across the Fidelity SAI US Momentum Index MF is 1.96T. The market cap for tickers in the group ranges from 139.64B to 4.55T. NVDA holds the highest valuation in this group at 4.55T. The lowest valued company is ADBE at 139.64B.

The average weekly volume growth across all stocks in the Fidelity SAI US Momentum Index MF was 3%. For the same stocks of the MF, the average monthly volume growth was 11% and the average quarterly volume growth was -7%