Below is a high-conviction list of technology stocks among the S&P 500 SPX, -0.20% that have low valuations to earnings estimates and high free cash flow yields. They’re all highly rated by analysts.
IVE has pulled back 2% this year through Feb. 11, compared with a 12% decline for the $35 billion iShares S&P 500 Growth ETF IVW, +0.57%.Growth has shined over the past decade, which has mainly been a period of rapid growth for technology companies, reflected in high valuations to earnings. Tech value stock screen Analysts at Jefferies did their own screen for value stocks among the entire S&P 500 and discussed their results in a report to clients on Feb. 11. The Jefferies screen made use of the firm’s own ratings and estimates.