Best Fidelity Mutual Funds for Investing in the Energy Sector

The gradually increasing price of natural resources and the prospect of worldwide economic recovery have resulted in the sector becoming one of the top investment areas. Fidelity offers several excellent mutual funds to take advantage of this long-term trend. Here, we highlight three of the top ranked natural resources funds (see ranking).

The Fidelity Select Natural Gas Portfolio Fund (FSNGX) is one of the top performing Fidelity mutual fund in 2014 with a 14.17% year-to-date return. The blue arrow on top panel of the chart shows that FSNGX has outperformed the S&P 500 index since January:

fsngx

The Fidelity Select Energy Services Fund (FSESX) also shows a similar, very bullish chart pattern:

fsesx

For investors who are interested in broad diversification across of natural resources, the Fidelity Select Natural Resources Fund (FNARX) offers an excellent investment choice:

fnarx

 

Buy and sell signals for Fidelity funds are available at FidelitySignal.com

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S&P 500 Index Gets Oversold Bounce; Consumer Staples and Energy Services Sectors Lag the Most

The stock market started February under selling pressure after a weak January performance, which created a short-term oversold condition. Stocks found support on Tuesday and Wednesday, and rebounded on Thursday and Friday. The chart shows that the benchmark Fidelity Spartan U.S. Equity Index Fund (FUSEX)  bounced back from the blue short-term support line.

fusex
The two weakest sector funds are the Fidelity Select Consumer Staples (FDFAX) and the Fidelity Select Energy Services (FSESX) funds. The top portions of the charts show the relative strength of these funds compared to the S&P 500 index. The blue arrow denotes that the relative strength of FDFAX started to decline in April of 2013 and continues to weaken this year.

fdfax

fsesx

Source: FidelitySignal.com

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