Each quarter, I present you with the ultimate equity shopping list. A virtual 5-star smorgasbord of alluring delights, showcasing the stocks that Fidelity is presently buying in each of its 40 Select Sector Funds. This is no newsletter XXX hypothetical model portfolio of recommendations. Rather, it is the actual equities that they are buying and that are showing up in the top 10 holdings in these 40 Select Sector mutual funds. Frankly, I look forward to Fidelity releasing their quarterly holdings like a child waiting for Santa to appear at Christmas.
Over the past year, this quarterly review of Fidelity’s 40 Sector Funds has literally evolved into a methodology unto itself. It yields many tradeable ideas, charting insights, management strategies (when they replace portfolio managers) and offers a PhD equivalent in investing as if you are being personally mentored by Jesse Livermore himself.
After all, these are Fidelity’s best and brightest sector specialists who each focus exclusively and in-depth on just one market area. Most equities’ big runs start with these specialist funds and often their ideas get picked up by the larger Magellan Fund or Contra Fund who further sponsor a big run with the result being that many high probability winning investments can be found here by us individual investors.
I have many insights to share with you from this quarter’s update pertaining exclusively to Fidelity, but more on those specifics later. This is the first anniversary of the Tensile Trading ChartPack, and the depth of this quarter’s updates honors that fact. Let me describe the updates.