Mark Grant, the chief global strategist for fixed income at B. Riley FBR, is usually focused on the bond market, but he had an interesting suggestion for long-term investors that he shared with Stuart Varney on Fox Business:
After quoting the adage, “You buy when there’s blood on the streets,” Grant suggested that for “appreciation plays,” investors look “in technology,” where there are some “good names without any debt … you can make some money on, with a little patience.”
The S&P 500 Index
has tumbled 27% since its closing high Feb. 19, while the S&P 500 information technology sector has declined 25%.
A tech-stock screen
There are 70 companies in the S&P 500 information technology sector. However, the sector excludes several companies that the typical investor would consider technology players. So we added social-media companies, video-game developers and internet-services companies to bring our “technology” list up to 80 companies.
Here are the 20 companies on the list with the lowest ratios of long-term debt to equity, per their most recent financial reports, according to FactSet:
|Company||Ticker||Long-term debt/ equity||Total return – Feb. 19 through April 1||Total return – 2020||Total return – 2019||Date of most recent financial report||Industry|
|IPG Photonics Corp.||…|