|Bid||297.51 x 900|
|Ask||300.93 x 900|
|Day's Range||299.52 - 306.76|
|52 Week Range||243.01 - 319.34|
|PE Ratio (TTM)||30.18|
|Beta (3Y Monthly)||1.12|
|Expense Ratio (net)||0.21%|
Fidelity Investments® announced today that the Fidelity® Nasdaq Composite Index® Tracking Stock Fund (ONEQ) will pay a quarterly dividend of $0.65 per share from net investment income. Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers.
Many investors think of Fidelity as a giant in the actively managed mutual funds space. That is true, but Fidelity funds run the gamut of actively managed mutual funds to passive index funds and exchange-traded funds (ETFs).Investors also should not conflate Fidelity's sizable footprint in the actively managed mutual fund space as meaning Fidelity funds are, broadly speaking, pricey. Actually, Fidelity funds are becoming increasingly less expensive and the Boston-based company recently introduced a suite of zero-fee index funds.In addition to the no-fee index funds, Fidelity eliminated investment minimums on mutual fund, account minimums and other related fees.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 'Buy-and-Hold' Stocks to Own Forever Whether its Fidelity funds or Fidelity ETFs, investors have plenty of solid options to choose from and most come with favorable or no fees. Consider some of the following Fidelity funds.Source: Shutterstock Fidelity ZERO Total Market Index Fund (FZROX)Expense Ratio: 0%The Fidelity ZERO Total Market Index Fund (MUTF:FZROX) is one of the initial two zero-fee index funds introduced by Fidelity. The Fidelity ZERO International Index Fund (MUTF:FZILX) is the other. Both Fidelity funds are proving to be successful with investors. After debuting in August, it took these Fidelity funds just a few weeks to reach a combined $1 billion in assets under management.FZROX "seeks to provide investment results that correspond to the total return of a broad range of publicly traded companies in the US," according to Fidelity.Home to $753.50 million in assets under management as of Aug. 31, this Fidelity fund holds over 3,200 stocks. Fidelity ZERO Extended Market Index Fund (FZIPX)Expense Ratio: 0%Fidelity's suite of zero-fee index funds has grown to four thanks to the recent debut of the Fidelity ZERO Extended Market Index Fund (MUTF:FZIPX) and another fund. Like total market funds, extended market funds are usually cost-effective, but this Fidelity fund ups that ante without charging an annual fee.This Fidelity fund and extended market funds, in general, are useful for investors looking to fill in the gaps created by total market funds or supposedly broad market index funds that are often heavily allocated to large-cap stocks. FZIPX holds over 3,200 stocks, a roster of primarily mid- and small-cap fare that often go ignored by benchmarks, such as the S&P 500. * 7 Athletic Stocks That Could Run Higher This Fidelity fund is one of the firm's newest zero-fee products, having debuted earlier this month.Source: Shutterstock Fidelity Low-Priced Stock Fund (FLPSX)Expense Ratio: 0.68%, or $68 annually on a $10,000 investmentThe Fidelity Low-Priced Stock Fund (MUTF:FLPSX) defines "low-priced" stocks as those with price tags of $35 or below, but this Fidelity fund is not confined to that universe."Normally investing at least 80% of assets in low-priced stocks (those priced at or below $35 per share or with an earnings yield at or above the median for the Russell 2000 Index), which can lead to investments in small and medium-sized companies," according to Fidelity.Over the past 10 years, this Fidelity fund is topping broader measures of mid-cap value stocks, a relevant comparison because many of FLPSX's holdings are designated as value plays. Consumer discretionary and technology stocks combine for 38.57% of this Fidelity fund's weight, while healthcare and financial names combine for 25.54%.Source: Shutterstock Fidelity Quality Factor ETF (FQAL)Expense Ratio: 0.29%As noted earlier, the universe of Fidelity funds includes Fidelity ETFs, an arena in which Fidelity is one of the fastest-growing participants. An array of Fidelity ETFs fit the bill as "cheap," and a case can be made that the Fidelity Quality Factor ETF (NYSEARCA:FQAL) is cost-effective relative to other smart beta strategies.Additional cost efficiencies can be realized with this Fidelity fund because it is part of the firm's expansive platform of commission-free ETF offerings. FQAL, which recently turned two years old, tracks the Fidelity U.S. Quality Factor Index.Compared to investment factors such as growth and value, quality is often overlooked, but that does not diminish the factor's potency. Companies meeting the quality factor's standards often feature strong balance sheets, impressive return on equity and invested capital, low debt ratios and other favorable traits. * 5 Consumer Stocks to Cash Out Of Consider this regarding FQAL: Several of this Fidelity fund's top 10 holdings, a group representing over 23% of the ETF's weight, are among the most cash rich domestic companies.Source: Shutterstock Fidelity Nasdaq Composite Index ETF (ONEQ)Expense Ratio: 0.21%The Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ) is the oldest Fidelity ETF and arguably one of the most overlooked. While many investors opting for broad-based Nasdaq exposure opt for Nasdaq-100 tracking funds, this Fidelity fund features a broader lineup. A typical Nasdaq-100 index fund or ETF holds just over 100 stocks, but this Fidelity fund has nearly 950 holdings.ONEQ "uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the Nasdaq Composite Index that have a similar investment profile to the entire index," according to Fidelity.This Fidelity fund's top 10 holdings include familiar fare, such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).Source: Shutterstock Fidelity High Yield Factor ETF (FDHY)Expense Ratio: 0.45%Fidelity funds include an expansive lineup of fixed income offerings, an asset class that Fidelity ETFs are breaking into as well. The Fidelity High Yield Factor ETF (NYSEARCA:FDHY), an actively managed fund, is one of the newest Fidelity funds offering exposure to bonds.This high-yield bond fund ETF, which debuted in June, looks to top the ICE BofAML BB-B US High Yield Constrained Index. As an actively managed ETF, this Fidelity fund can manager credit and interest rate risk if market conditions dictate. Currently, FDHY's 118 holdings have an average duration of 4.45 years, positioning this Fidelity fund as a intermediate-term bond ETF. * 5 of the Best Thematic ETFs to Consider FDHY has a 30-day SEC yield of 5.32%, which is slightly below that of the Markit iBoxx USD Liquid High Yield Index.Source: Shutterstock Fidelity Dividend ETF for Rising Rates (FDRR)Expense Ratio: 0.29%Conventional wisdom dictates that dividend-paying stocks can be vulnerable in rising interest rate environments, but some ETFs prove that notion wrong. The Fidelity Dividend ETF for Rising Rates (NYSEARCA:FDRR) is an example of an equity-based fund explicitly designed to thrive even as the Federal Reserve boosts borrowing costs.What is important for investors to realize is that not all dividend stocks are pinched by rising rates. The ones that typically hail from rate-sensitive sectors with bond-like traits, such as real estate and utilities. Year-to-date, FDRR is up 7.5%, an advantage of 200 basis points over the high-yield Dow Jones U.S. Select Dividend Index.Real estate and utilities stocks combine for less than 6% of FDRR's weight. Rather, the fund is more heavily allocated to cyclical sectors with a history of strength as rates rise. Technology and financial services stocks combine for 40.52% of this Fidelity fund's roster. FDRR has a trailing 12-month dividend yield of 2.86%.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 7 Best of the Best Fidelity Funds to Buy appeared first on InvestorPlace.
Despite growing concerns that an economic slowdown is triggering an earnings recession, bullish sentiment still reigns in the U.S. stock market. The S&P 500 Index (SPX) was up by 17.3% from its low in December and by nearly 10% year-to-date as of yesterday's close. Among the prominent investment professionals who believe such gains are realistic include John Lynch, chief investment strategist at LPL Financial, a wealth management firm with client accounts worth $628 billion, Julian Emanuel, chief equity and derivatives strategist at investment banking firm BTIG, and Paul Meeks, a veteran technology analyst and fund manager.
What Drove Your Energy Portfolio This Week?(Continued from Prior Part)US equity indexes On January 31–February 7, US equity indexes had the following correlations with US crude oil March futures: the Dow Jones Industrial Average (DIA): 20.5% the
While stock valuations are below their peak in early 2018, they still may be too high in light of markedly lower earnings growth.
On December 26, US crude oil active futures settled at $46.22 per barrel—8.7% higher than the lowest closing level for active US crude oil futures since June 21, 2017.
Why Oil Prices Are HelplessOil prices On December 24, US crude oil February futures fell 6.7% and settled at $42.53 per barrel—the lowest closing level for active US crude oil futures since June 21, 2017.
Fidelity Investments® announced today that the Fidelity® Nasdaq Composite Index® Tracking Stock Fund (ONEQ) will pay a quarterly dividend of $0.88 per share from net investment income. Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. Privately held for 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers.
Bank of America Merrill Lynch seems unusually bullish these days despite a series of major market sell-offs and mounting uncertainty about economic growth and corporate earnings. The firm's forecast calls for stocks to rally through the end of the year, although the gains may be accompanied by increased volatility.
An oft-repeated maxim is that the stock market hates uncertainty, and a major cause for uncertainty has been resolved, given that the U.S. midterm congressional elections are now behind us. In Tuesday's midterm vote, returns indicate that the Democrats won a majority in the House while the Republicans held their majority in the Senate. But the Yardeni Reseach study—and other studies—show that stocks have risen in the 12 months after every midterm election from 1954 through 2014, a span of six decades, without exception, and regardless of which party posted gains.
While many investors expect, or at least hope, that stocks will rebound from their recent selloffs, Morgan Stanley has a pessimistic view, seeing yet more declines ahead. Their latest Weekly Warm-Up report asserts as much: "we don't think the correction is done yet. "Our view has been that 300-325 [basis points] is a fair level of the ERP given the current level of rates and our views of the cycle," the report asserts.
The stock market has staged a partial rebound from its recent pullback, but Jim Paulsen, chief investment officer (CIO) at The Leuthold Group, sees "overheat pressure" building in the economy that, in turn, poses a severe risk for stock prices. Meanwhile, in a recent report entitled "No Margin For Error," Morgan Stanley indicates that a number of macro forces are exerting downward pressure on corporate profit margins, and this ultimately means downward pressure on stock prices. Among those forces are the two big threats that Paulsen sees, inflation that raises business costs in general and wage growth in particular.
The recent stock market retreat, which has sent the S&P 500 Index (SPX) down by 5.9% from its intraday high on Oct. 3, has intensified the debate between the bulls and the bears. Outspoken economist, hedge fund manager and market analyst John Hussman is renewing his prediction of a severe market crash that would send major U.S. stock market indices plummeting by 60% or more. Putting this in dollar terms, Hussman recently said that the crash will wipe out $20 trillion of stock market value, Business Insider reports.
Blue chip stocks in Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) have become the undisputed winners in the market. They outpaced all other asset classes in the latest quarter and are off to a good start this month, despite a host of trends that may curb future gains including rising interest rates, increasing trade conflicts and slowing global economic growth.
Global asset manager Oppenheimer believes that the turning point has been passed, as they state in a recent report: "Global growth has peaked, and the deceleration in economic activity, while not severe, is broad-based.
Soaring commodity prices are a key indicator that the S&P 500 Index (SPX), which just broke new records, can rise even higher, according to Ari Wald, head of technical analysis at Oppenheimer, in remarks on CNBC. Recent upward moves in oil prices have been driven by concerns over supply, The Wall Street Journal reports.
The CBOE SKEW Index was developed in the aftermath of the 1987 stock market crash, as a measure of investor unease with the market. It recently registered its highest levels of worry among investors since its inception in 1990, Business Insider reports.
Other market gurus have been raising alarms this year, warning that wrenching stock market declines are on the horizon. Among the respected long-time market watchers who aren't buying into doom and gloom is Richard Bernstein. After 21 years as a top investment strategist with Merrill Lynch, he founded investment advisory firm Richard Bernstein Advisors in 2009, where he serves as CEO and chief investment officer (CIO).