See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Amazon.com, Inc. (AMZN) - free report >>
Apple Inc. (AAPL) - free report >>
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon.com, Inc. (AMZN) - free report >>
Apple Inc. (AAPL) - free report >>
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) - free report >>
Image: Bigstock
Consumer Discretionary ETF (FDIS) Hits New 52-Week High
For investors seeking momentum, Fidelity MSCI Consumer Discretionary Index ETF (FDIS - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 29% from its 52-week low price of $35.19/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
FDIS in Focus
FDIS focuses on the consumer discretionary segment of the U.S. market. It has a large-cap focus with key holdings in Internet & direct marketing retail, specialty retail, media, and hotels restaurants & leisure segments. It charges investors 8 basis points a year and is largely concentrated on Amazon (AMZN - Free Report) , which accounts for 21.5% of the portfolio (see: all the Consumer Discretionary ETFs here).
Why the Move?
The consumer discretionary sector has been an area to watch lately. The series of positive news flow including the 18-year high consumer confidence and rising spending have spread optimism and bullishness in the space. Additionally, Amazon’s surge has led to strong momentum as the stock hit $1 trillion in market capitalization, trailing Apple (AAPL - Free Report) .
More Gains Ahead?
Currently, FDIS has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue for months. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>