20 low-debt tech stocks to consider owning in a bear market

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Mark Grant, chief global fixed income strategist at B. Riley FBR, is generally 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 is blood on the streets”, Grant suggested that for “appreciation games”, investors look “in technology”, where there are “good names” without any debt … you can make money on it, with a little patience. “

The S&P 500 Index
United States: SPX
fell 27% from its February 19 closing high, while the S&P 500 information technology sector fell 25%.

A tech-stock screen

The information technology sector S&P 500 has 70 companies. However, the sector excludes several companies that the typical investor would consider to be technological players. So we added social media companies, video game developers and Internet service companies to bring our list of “technologies” to 80 companies.

Here are the 20 companies on the list with the lowest long-term debt ratios, according to their latest financial reports, according to FactSet:

Company Teleprinter Long-term debt / equity Total return – February 19 to April 1 Total return – 2020 Total return – 2019 Date of last financial report Industry
Fortinet Inc.

United States: FTNT

2.2% -16% -6% 52% 12/31/2019 Computer communications
IPG Photonics Corp.

United States: IPGP

2.4% -26% -27% 28% 12/31/2019 Semiconductors
Arista Networks Inc.

WE: ANET

2.8% -14% -5% -3% 12/31/2019 Computer communications
Skyworks Solutions Inc.

United States: SWKS

3.4% -31% -32% 84% 12/27/2019 Semiconductors
Jack Henry & Associates Inc.

WE: JKHY

3.8% -15% 1% 16% 12/31/2019 Information technology services
Take-Two Interactive Software Inc.

United States: TTWO

5.9% 2% -5% 19% 12/31/2019 Recreational products
Alphabet Inc. Class A

WE: GOOGL

6.8% -28% -18% 28% 12/31/2019 Internet software / services
Alphabet Inc. Class C

United States: GOOG

6.8% -27% -17% 29% 12/31/2019 Internet software / services
Paycom Software Inc.

WE: PAYC

8.4% -42% -29% 116% 12/31/2019 Software
Facebook Inc. Class A

United States: FB

8.9% -27% -22% 57% 12/31/2019 Internet software / services
Cognizant Technology Solutions Corp. Class A

United States: CTSH

11.5% -38% -31% -1% 12/31/2019 Information technology services
Synopsys Inc.

United States: SNPS

11.6% -24% -ten% 65% 01/31/2020 Software
Ansys Inc.

United States: ANSS

12.7% -29% -18% 80% 12/31/2019 Software
Micron Technology Inc.

United States: MU

13.3% -34% -26% 69% 02/27/2020 Semiconductors
Salesforce.com Inc.

United States: CRM

13.6% -30% -18% 19% 01/31/2020 Software
Electronic Arts Inc.

USE A

13.7% -11% -9% 36% 12/31/2019 Recreational products
Accenture Plc Class A

United States: ACN

14.1% -28% -26% 51% 02/29/2020 Information technology services
Intuit Inc.

United States: INTU

14.7% -29% -17% 34% 01/31/2020 Software
F5 Networks Inc.

United States: FFIV

15.1% -20% -26% -14% 12/31/2019 Computer communications
Cadence Design Systems Inc.

United States: CDNS

16.5% -18% -6% 60% 12/28/2019 Software
Nvidia Corp.

United States: NVDA

17.2% -23% 3% 77% 01/26/2020 Semiconductors
Source: FactSet

You can click on the tickers to learn more about each company, including news coverage.
Scroll down to see all the data.
The table actually includes 21 shares, with the two ordinary share classes for Alphabet
WE: GOOGL
United States: GOOG.

The stock screen is just a starting point for further research. The debt / equity ratios are on the dates indicated in the table on the right. A business may have issued more debt since that date or made other important announcements to investors.
If you see companies that interest you here, you should not only make sure that you are aware of the most recent announcements, you should also consider the strategy of the company and make your own opinion about its ability to remain competitive in the market. over the next decade.
Grant said there are opportunities in the tech space for investors “with a little patience,” but these are really long-term games. What does “a little patience” mean to you? If you get discounted stocks now, you may have to wait a few years to earn money.
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