FTEC News and Press, Fidelity MSCI Information Technology Index From 01/26/21

Europe is clearly at risk of a double-dip recession, albeit a modest one. The IHS Markit Flash Eurozone Composite PMI (Purchasing Managers Index) clocked in at 47.5, down from December's 49.1. The UK is in a worse situation, at an even greater risk than the eurozone of a double-dip re...

While the Tech sector's "expected" EPS growth for 2021 has slowed from 18% this past summer to 14% today, note that quarter-by-quarter changes have been consistently upward for the Tech sector. Personally, I put more weight on the quarterly data since it's the "bottom-up" estimates fr...

The media and pundits continue their time-honored tradition of sawing sawdust. On top of this, headline-sniffing computers are constantly on the lookout for bad or good news items on which to launch a barrage of Buy or Sell orders. Since the 10-year US Treasury note is only paying a l...

There has been much talk of a tech bubble lately. That might have caused some worry for you, and that's why I wanted to write this article. Tech has beaten all other sectors by a wide margin over the last 10 years, making some believe the next decade will be different. The general...

Sell side analysts know exactly what fundamental analysis is. Whether or not the Robinhood effect is real, there is no question that sell side analysts have been a significant driver of the current bubble in technology and electric vehicle stocks. If you're long tech stocks, sell ...

At this year’s CES, to no one's surprise, there seems to be a lot more talking about big-picture concepts and not nearly as much about specific products as we've seen in the past. The most interesting topics and most compelling visions seemed to be a bit further off than usual....

There seem to be some interesting trends emerging across the tech world that will likely have an impact in 2021. Hybrid solutions and an increased degree of customization and specialization are two key themes for tech trends in 2021. Here's my take on trends in a few specific area...

We share three key lessons we learned from 2020 – and how they inform our 2021 outlook. The UK and European Union agreed on a trade deal. The U.S. launched a new $900 billion fiscal package amid climbing Covid hospitalizations and deaths. This week’s U.S. nonfarm pay...

If you're looking for a good long-term investment, an exchange-traded fund (ETF) that's focused on the technology sector is a great place to look. The sector has driven the market to new highs for the past decade and has been one of the top-performing sectors for decades, even through p...

Tech stocks have been very strong performers lately. Tech stocks and high-yield alternative assets now face an historic valuation disconnect. Be greedy when others are fearful and fearful when others are greedy. We think that beaten-down high-yield alternative asset investment...