FMAT News and Press, Fidelity MSCI Materials Index From 04/29/22

Freeport-McMoRan has seen its share price drop over the past weeks on copper price weakness. The company continues to have a unique portfolio of assets which will enable increased cash flow, as it continues to invest in growth. Even at loftier prices, we recommend investing in Fre...

The trailing PEBV ratio for the NC 2000 fell from 1.7 in 3/31/21 to 1.3 in 3/31/22. This trailing PEBV ratio compares the NC 2000’s expected future profits (as reflected in its price) to its economic book value. Four NC 2000 sectors, Telecom Services, Financials, Basic Mate...

Follow the Money is a series of brief, information-rich posts that I will publish periodically but not on a fixed schedule. After rallying for 9 of the last 11 days, the S&P 500 went from down -13% to down just -3.4%. Growth has been hit hard by the slide in tech stocks this y...

Headed into the 2021Q4 earnings season, the materials sector had the 2nd highest revenue and earnings growth estimates. Revenues were ahead of expectations as 75% of companies reported better than expected results and materials had the 2nd highest revenue growth rate (27.0%). Desp...

Inflation and its implications for real economic growth are the main portfolio positioning consideration of the conflict in Ukraine. On the 8th of March, the U.S. sanctioned Russian energy imports, giving companies 45 days to comply. Higher commodity prices are not the only factor...

While nominal asset classes such as equities and fixed income have had a negative response to inflation surprises, real assets such as commodities have historically tended to be effective as inflation hedges. Over the past year, pandemic-induced supply shortages and demand spikes have...

Russia’s invasion of Ukraine, the biggest conventional military attack in Europe since World War II, has wide-ranging implications for economies and markets around the world. Disruptions from this war and the higher energy prices that result could significantly dampen Europe&#x...

XLB is composed of four industries, the most important of which is the Chemicals industry. Chemicals stocks are showing distinct signs of slowing, suggesting a possible peak in the market cycle. At the index level, this weakness has been blunted for the time being by strength in a...

Construction materials and mining/metals are the best-positioned subsectors regarding fundamental metrics. Packaging is significantly overpriced. Fast facts on FMAT. A list of cheap stocks. For further details see: FMAT: Materials Dashboard For February

The goal of the DDM is to quickly and easily utilize available resources of an asset to understand what the intrinsic value of that asset is based on certain market and company expectations. If the required return component of the equation rises without expectations of higher company ...