FTEC News and Press, Fidelity MSCI Information Technology Index From 05/12/22

With the world facing inflationary and geopolitical hurdles, economic growth is poised to slow. Shares across sectors have been hit hard. Investors in growth stocks must identify companies with the right features to overcome headwinds to earnings. For further details see: ...

Shares of cloud solutions provider AvePoint, Inc. have fallen 60% since its July 2021 debut, as the risk-off trade and negative sentiment towards SPAC IPOs have hurt price performance. The slightly free cash flow positive company did forecast FY22 revenue below expectations, but most ...

In January, the bubble indicator showed that the US equity market as a whole was at the edge of a bubble but not in an extreme bubble. The earnings growth discounted in stocks is still a bit high. While the reversal has been significant, discounting of future earnings remains some...

Apple reported a solid FQ2 card but delivered weak Q3 guidance due to COVID headwinds in China. As a result, AAPL stock sold off post-earnings. However, a closer look at its price action suggests a bull trap had formed before its Q2 earnings. Therefore, the sell-off could continue unt...

The stagflation scenario got a little more traction last week with the release of a negative Q1 GDP print on Thursday and hints of more inflation on Friday. April was a really rotten month with everything down but the general commodity indexes. Investing is mostly an exercise in s...

MongoDB's open-source database software makes developers and young companies more efficient and productive. Developers are catching on and growth in the technology is growing rapidly. While the company is richly priced, the surge in downloads of its open-source product will provid...

The forward 4-quarter estimate rose this week to $234.04 from $233.83 although the forward P/E compressed to 18.2x from last week’s 18.8x. The S&P 500 earnings yield jumped to 5.48% from last week’s 5.32%. Tech and Growth is struggling in 2022, which is perfectly...

Netflix (NFLX) was the first of the FAANG names to report their financial results during this earnings cycle. Now, the Core Four are on deck, putting a handful of exchange traded funds on the radar for potential price swings. Earnings are due out next week from Alphabet (GOOG) (GOOGL), Meta P...

Rising interest rates tend to hurt growth stocks, and more specifically tech stocks due to their high price-to-earnings ratios and low dividend payments. The S&P 500 is trading at its cheapest since before the pandemic, with a current P/E ratio of about 25.6. Inflation and sup...

Hardware has the best value and quality scores of the sector. Telecommunication is overpriced by more than 40% relative to 11-year averages. Fast facts on FTEC. 8 technology stocks cheaper than their peers in April. For further details see: FTEC: Technology Dashboard...