You can still find a haven in tech stocks: These 20 offer the safety net of highly stable profits

These 20 tech stocks with highly stable profits can add safety to your portfolio

Even though it is a repeat pattern, the daily grind of a stock market correction can be surprising to investors following a bull market.

Below is a screen of technology companies in the S&P 500 Index SPX, -0.82% showing which ones have had the highest average operating margins over the past five years. Such consistent profit-makers might be considered to be safer plays when investors fear rising interest rates. Those stocks are included in the Nasdaq Composite Index COMP, -1.59%, which as of 10:10 a.m. ET on Jan. 25 was down 2.9%, for a decline of 17% from its intraday high on Nov. 22. The S&P 500 Index was down 2.6% for the session, for a decline of 11% from its Jan. 4 high, and the Dow Jones Industrial Average DJIA, -0.08% was down 2.1% for the day and down 9% from its high that was set on Jan. 5.

From the consumer discretionary sector, Tesla Inc. TSLA, -0.31% and Amazon.com Inc. AMZN, -2.70% were also added to the list, bringing the initial screen up to 85 companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 20 Best Punk Albums of 2021We singled out Amyl and The Sniffers, SPLLIT, Drinking Boys and Girls Choir, Palberta, Cemento and Neighborhood Brats as providing the peaks of 2021 punk.
Read more »

The Infamous FBI Informant Behind a 20-Fatality Limo CrashThe wreck of a limo near Albany was the deadliest U.S. transportation disaster in a decade. And the man behind it was one of the most notorious confidential informants in FBI history. Ben Ryder Howe reports
Read more »

We Tested More Than 20 Pepper Mills—Here Are The Best OnesAfter rounds and rounds of testing, we found our favorite pepper mills, including the best fastest, inexpensive, and electric models.
Read more »

Joe Rogan heading to Dickies Arena on 4/20Joe Rogan heads to Dickies Arena in Fort Worth on 4/20 for a 'phone-free' show.
Read more »

The 20 Best Lipsticks That Look and Feel Amazing, According to ExpertsHand-picked by makeup artists, dermatologists and trend forecasters.
Read more »