SERIES

Quarterly Sector and Investment Research Update

Make informed decisions with comprehensive, data-driven investment research from Fidelity's Quantitative Market Research Team.

Financials and discretionary stocks appeared attractive.

First Quarter 2025

Your browser doesn’t support video.


Potential for an earnings recovery and the long-term fundamental picture favored information technology. Consumer discretionary continues to appear attractive based on compelling valuations and constructive contrarian indicators. Relative valuations favored financials. Energy appeared favorable based on valuations, although several indicators suggested a negative risk-reward outlook. Low rates and high valuation spreads suggest attractive risk-reward for real estate.