2023 Equity Sector Outlooks

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Find out where Fidelity's sector managers have found the most compelling potential opportunities for 2023 and beyond.

2022 has provided a stark lesson on why advisors should care about sectors. The year's top-performing sector, energy, delivered a total return of 54% year-to-date through mid-December.* Compare that with the year's worst performer, communication services.

Looking to 2023, there are clearly risks on the horizon. But as Eddie Yoon, Fidelity's veteran health care sector portfolio manager puts it: "A lot of negative sentiment has already been priced into stocks." That backdrop could set the stage to pay attention to fundamentals again.

Where should advisors be looking? Our sector managers have unearthed plenty of potential opportunities for 2023 and beyond—from plays on the green-energy transition in utilities to opportunities stemming from the tight real estate market to potential beneficiaries of the long-term shift to an increasingly digital world.

Read on to discover Fidelity's ideas across 11 sectors.

Explore the 11 Equity Sector Outlooks


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