These cash-rich tech companies can 'weather the storm,' Evercore ISI says

Tim Cook announces the iPhone 11 at a launch event in Cupertino, Calif on Sept. 10, 2019.
Source: Apple

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Technology stocks have been battered along with the rest of the market, but Evercore ISI thinks that there are a few names investors can turn to as the coronavirus crisis continues.

Cashrich tech stocks are some of the "best positioned to weather the storm," Evercore ISI analyst Amit Daryanani said in a note on Sunday. The firm looked through stocks in the sector and each of the ,companies' overall cash positions, debt levels and free cash flow margins.