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Strategies & Market Trends : Fidelity Select Sector funds

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To: Rick Kupcunas who wrote (58)2/15/1997 9:24:00 PM
From: Razorbak   of 4916
 
All: Great web page for graphs of Fidelity Select Relative Strength Charts:

stockroom.org

Check it out.

Added bonus: For those interested in a little personal investment advice from a knowledgeable industry insider, take any available spare cash you have and invest it in FSESX (Fidelity Select Energy Services). You'll be buying after a recent pause on a long-term bullish uptrend.

Why so bullish on FSESX? Because I am an analyst at an oil company, and I used to work for an Energy Services firm. Industry fundamentals for the service firms are the best they have been in over ten years, and most oil companies' capital budgets (which drive the service sector's revenue growth) are not only at the highest levels in years, but are fairly solid spending commitments for the next two years. All the drilling stocks have kept industry analysts in awe with the continuous pace and magnitude of positive earnings surprises, often due to top-line growth from rising day-rates. And the diversified service firms like Schlumberger have a fabulous outlook as well. This trend is going to continue for at least 2-3 more years, so don't expect to have to rotate in and out to make your gains. FSESX, unlike some of the Fidelity sector funds, is a long-term keeper! Hope you all make as much money as me.

PS - Fidelity Contrafund (which I also own) and Fidelity Magellan also have major exposure to the Energy sector.
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