The top holdings of the Fidelity Select Electronics Fund (FSELX, last change: 0.05%) are semiconductor and electronics stocks. This sector has been lagging the market this year and was hit hard again, as market volatility increased in the last few days. Accordingly, FSELX is now the weakest-performing Fidelity stock fund of 2012. Although FSELX may bounce off of its 52-week low in the short term, we would continue to avoid investing in FSELX, until the sector can build a new base and FSELX starts moving above its 100 day moving average.
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