Top 10 Fidelity Mutual Funds

Equity markets showed signs of stability today after several days of selling that started on January 23. Hard-hit emerging market currencies rebounded. News about the improving economy and an earnings surprise by FaceBook set the tone for the positive market action.

The chart shows that the benchmark Fidelity Spartan U.S. Equity Index Fund (FUSEX) was able to hold its 100-day moving average, which has provided support for more than a year:

fusex

The table below shows the highest-ranked Fidelity mutual funds based on their three-month return. The U.S. stock market continues to lead in 2014, since no international fund made it to the top 10 list so far in 2014. The nine out of the ten highest-ranked funds represent subsectors of the health care and the technology industries:

FidelitySignal.com_Daily_Market_Research

Source: FidelitySignal.com

 

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Sector Rotation: Fidelity Select Defense and Aerospace Fund

The Fidelity Select Defense & Aerospace Fund has been an outstanding investment throughout 2013 with an excellent 41.57% year-to-date return. Top holdings include defense companies, such as United Technologies (UTX), Boeing (BA) and Precision Castparts (PCP).

The chart shows that FSDAX has accelerated its momentum and now moved up to the #4 ranked position on the Top 10 Fidelity Mutual Funds list. The next few trading sessions will show how much impact the Iran nuclear deal has on the defense sector and what to expect from FSDAX, as an investment.

fsdax

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

Top 10 Fidelity Mutual Funds

The Dow Jones Industrial average moved above the psychologically important 16,000 level today, the first time in the history of the stock market. This is clearly a sign that the great bull market of 2013 is still intact.

As we approach the seasonally strong December, it is worth taking a closer look at where the market leadership is coming from. The table below shows the top 10 Fidelity mutual funds ranked by momentum, courtesy of FidelitySignal.com.

Top 10 Fidelity Mutual Funds by momentum

Top 10 Fidelity Mutual Funds by momentum

 

The table shows that the Fidelity Select Leisure Fund (FDLSX) is moving up the fastest in the momentum ranking. In addition, FDLSX had the largest gain today out of all Fidelity mutual funds. The ranking also shows that today’s rally is broad based, which usually is highly bullish for the stock market.

fdlsx

Source: FidelitySignal.com