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home / news releases / fmat materials stocks could bounce into a new busine

FMAT - FMAT: Materials Stocks Could Bounce Into A New Business Cycle

Fidelity MSCI Materials Index

Summary

  • FMAT invests in U.S. Materials stocks.
  • Forward earnings are negative, which makes FMAT an unlikely investment case in the near term.
  • However, a longer-term view would allow for a strong headline IRR even adjusting for beta.
  • I think FMAT is probably undervalued on a five-year basis. If earnings outperform my more modest longer-term base case, FMAT could perform very well.

For further details see:

FMAT: Materials Stocks Could Bounce Into A New Business Cycle
Stock Information
Company Name: Fidelity MSCI Materials Index
Stock Symbol: FMAT
Market: NYSE
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