Fidelity MSCI Utilities Index ETF [FUTY] Stock Forecast

Traditional risk-on/risk-off behavior is making a comeback. Fidelity MSCI Utilities Index ETF's earnings profile is weak, but its qualities as a defensive asset may come in handy.

FUTY invests in large-cap utility stocks in the United States. Stocks in FUTY's portfolio have a slower growth profile than the S&P 500 index.

Sector ETF report for FUTY

Sector ETF report for FUTY

Gas utilities are the safest industry in the sector regarding valuation and quality scores. Most electricity and water providers are overvalued.

Gas utilities are close to their 11-year averages in valuation. Water and electricity subsectors are moderately overvalued using the same metrics.

Sector ETF report for FUTY

Investing in companies operating in the utilities industry is a preferred option for income investors.

The best funds for retirees should include solid financial strategies for generating enough money to cover the later-year living expenses. According to the Centers for Disease Control and Prevention, “in 2020, life expectancy at age 65 for the total (U.S.) population was 18.5 years.

Although the broad stock market has staged a nice comeback from the worst first-half performance, volatility and uncertainty persist, and the utilities sector is making the most of it.

Fidelity MSCI Utilities Index ETF is a US stock and trading under the symbol FUTY

Fidelity MSCI Utilities Index ETF stock price is $41.24 today.

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