Fidelity's Managers Have Mixed Views on Technology Stocks
Some have bought on the sector's weakness, while others have not.
Investors looking for a clear picture of where the technology sector is headed won't find it at Fidelity.
The firm released sector weights and top-10 holdings for its funds today, and it is clear that a debate is raging within Fidelity about the prospects for technology companies, at least in the short and intermediate term. Unlike some past technology sell-offs, particularly the one in 1998's third quarter, when nearly every Fidelity diversified-fund manager loaded up on the sector, the firm's skippers are not moving in lockstep.
Scott Cooley does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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