Andrew Marchese, CIO and Portfolio Manager, reflects on market trends through the first quarter and discusses how he is approaching the second quarter and the year ahead. As CIO, Andrew oversees the Fidelity Canada investment team, and also manages Fidelity Canadian Disciplined Equity® Fund. Andrew’s process with respect to earnings forecasts, involves looking at a company years out, and on a stock-by-stock basis. Also, Andrew shares how Fidelity analysts establish price targets for every company, accounting for earnings and other factors. Andrew is currently recycling cash from names that have already participated in market uptick to new names that haven’t yet participated and have a strong outlook as economies reopen.

Recorded on April 7, 2021.