These resilient techs will survive COVID-19

Article Excerpt

These three technology stocks, like Microsoft (see page 61), have held up well during the COVID-19 crisis. We feel IBM and Intel will continue to gain from the current work-from-home trend. Apple will, too. Still, its reliance on consumer sales raises its risk if a second wave of the virus forces it to shut down stores. APPLE INC. $360 is a hold. The company (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.3 billion; Market cap: $1.5 trillion; Price-to-sales ratio: 5.8; Dividend yield: 0.9%; TSINetwork Rating: Average; www.apple.com) gets 50% of its revenue from iPhone sales. The remaining 50% comes from sales of its Mac computers, iPad tablets, Apple watches as well as the software, movies and music sold through its online stores. Apple earned $11.25 billion in its fiscal 2020 second quarter, ended March 28, 2020. That’s down 2.7% from $11.56 billion a year earlier. The company also spent $18.5 billion on share buybacks in the quarter. As a result,…

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