Fidelity Select Sector funds Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Fidelity Select Sector funds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Julius Wong who wrote (2268)	2/8/2000 2:11:00 AM
From: Russ Motter	Read Replies (1) of 4916

Julius~Great Post! Morningstar.com says 59 of the 83 tech funds it follows had returns over 100% for 1999. I think it's important to note as reported in Barron's that this strong performance of high-multiple stocks in an environment of rising rates contrasts with the historical experience. Our DL&J strategist, Tom Galvin says investors are just being "rational" favoring tech over mature industries that are feeling the pinch of increasing cost of labor, capital and materials. He thinks the tech leaders are generating sufficient revenue and unit growth to support those valuations. With that in mind I continue to hold FBIOX, FSELX and FSDCX.~russ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next