Investing during a pandemic - Steve MacMillan

May 12, 2020

Steve MacMillan, portfolio manager of Fidelity American Equity Fund, Fidelity Small Cap America Fund and Fidelity CanAm Opportunities Class, acknowledges that this is a difficult time for investors, as there are cheap stocks on the market with poor fundamentals, and stocks with strong outlooks for their fundamentals that he perceives to have overly-high valuations. To avoid fundamental risk and valuation risk, Steve is looking for a middle ground. He seeks companies with high-earnings visibility and reasonable valuations, and believes the more defensive sectors of the stock market will lead more than they have in the last few months. 

Recorded on May 6, 2020.