These twelve U.S. tech stocks have withstood market sell-off

There are a total of 567 technology companies in the U.S. with a market capitalization of more than US$100-million. However, only 57 of these have had a positive total return in 2022. Layering on the additional profitability and forecasted growth requirements, we were surprised to learn that only 12 companies passed our screen, as our parameters are not that stringent.

SciPlay Corp., an online video game publisher headquartered in Las Vegas, topped our screen. SciPlay had its initial public offering via spinoff in 2019, at US$16 a share. Investors could be getting a bargain, as SciPlay recently closed well below its IPO price at $13.81 a share, despite reporting a record US$613-million in LTM sales , which is substantially higher than the US$465.8-million reported in its IPO year.

International Business Machines Corp., an integrated information technology services provider, ranked third on our screen and offers the highest dividend yield at 4.7 per cent. Founded in 1911, IBM may offer resiliency as it has withstood the likes of the Great Depression, the dot-com bubble and the 2008 financial crisis. Additionally, income seekers will be pleased to learn that IBM has raised its dividend each and every year for 27 years.

The information in this article is not investment advice. FactSet assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained above.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Women in Canadian tech urging companies to pay for U.S. staff to travel for abortionsAt least 50 signatories in an open letter say they are ‘devastated’ for those impacted by the U.S. Supreme Court recently overturning Roe v. Wade Why would they come here when they can pick a state in their own country? 👇 Capitalist scum strike again. “Kill your baby and continue to make me money!” They should put condoms in the bathrooms at the job sites
Source: globeandmail - 🏆 5. / 92 Read more »

Women in Canadian tech urging companies to pay for U.S. staff to travel for abortionsA group of prominent women in Canada's tech sector are calling for employers to pay for U.S. staff to travel to get abortions. Oh my goodness. Where have our priorities gone to?!
Source: CTVNews - 🏆 1. / 99 Read more »

Oshawa bungalow sells $225,000 over asking just before market turnThis 55-year-old bungalow has had numerous recent updates, including a new furnace and windows and a new sunroom with access to the south-facing yard …and now? We seen this housing inflation coming from a mile away, we bought our house 13 years ago before all this started.. Now we own our house and are not affected by these price gouges and rising interest rates. 🔥
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks are tanking today as recession fears grip markets\u0027This is a recession trade — There is no other way of describing it\u0027
Source: fpinvesting - 🏆 43. / 63 Read more »