Fidelity MSCI Consumer Staples Index ETF [FSTA] Stock Forecast

A consumer staple ETF (exchange-traded fund) is an investment fund that tracks a series of stocks in companies that produce essential goods and services. The definition of a "consumer staple" usually includes products that consumers typically purchase regardless of economic conditions.

Sector ETF report for FSTA

Upbeat view provided by Coca-Cola Company and PepsiCo earnings should boost consumer staples ETFs.

Household products are the safest industry regarding valuation and quality scores. Staple/food retail and personal care are overvalued by over 25% relative to their historical baseline.

Sector ETF report for FSTA

40% of the online merchandise for U.S. retailers is on sale as we enter Black Friday week of 2022. The average percent discount in November is 36.3%; this has come down from the YTD levels of 37.6% and is significantly below the pre-pandemic levels.

Walmart (WMT) spread optimism into the broad sector and the stock market following the upbeat third-quarter fiscal 2023 results.

FSTA invests in defensive consumer staples stocks. The fund has out-performed in recent times during a recent bear market which is possibly not over.

Sector ETF report for FSTA

Consumer Staples is one of only three market sectors in the green during the 2022 bear market (the other two being the Energy & Utilities sectors). While a 4% return over the past year is rather unspectacular, its reason to celebrate given the S&P 500 is down 9% and the Technology Sector is down close to 11%.

Fidelity MSCI Consumer Staples Index ETF is a US stock and trading under the symbol FSTA

Fidelity MSCI Consumer Staples Index ETF stock price is $45.15 today.

Yes, Fidelity MSCI Consumer Staples Index ETF is a publicly traded company.