Editors' pick: Originally published Jan. 20.
Need a safe place to invest when it seems like there's danger everywhere? We've got you covered.
Any way you look at it, the stock market has had a rough start to 2016. From uncertainty in China to plummeting oil prices throughout the world, the S&P 500 is down 9% this year with no end in sight. Even recent positive news about the U.S. employment rate isn't enough to stop the losses.
One sector that seems to be weathering the volatility somewhat well is technology. Tech stocks have seen the biggest decline in volatility since August's drop in the market, as judged by the Chicago Board Options Exchange Volatility Index (VIX).
"Tech stocks are well away from their August VIX peaks -- 38% lower -- and consumer staples -- 37% -- aren't far behind. The latter sector's risk pricing makes sense -- it has outperformed the broad market year to date. Technology, however, hasn't managed the same trick. That means tech companies are the last line of defense against the broader market setting new lows," said Nicholas Colas, chief market strategist at Convergex.
Of course, no industry is completely safe from the recent market declines, and tech stocks haven't exactly been a winner. Well-known companies like Facebook and Apple are both down by double digits on the year. And their losses are less than Amazon and Cisco, which are both down 15% so far in 2016.
However, there are some stocks that are holding relatively steady in these turbulent times. Here's a list of stocks you should be able to depend on when things get volatile.EMC data by YCharts
EMC Corp. (EMC)
EMC provides data storage, cybersecurity, cloud computing and other services to businesses. Although the company had a relatively flat 2015 in terms of share price, it's weathering the storm better than most tech companies. Shares are down only 5% on the year, with the company's fourth quarter 2015 earnings being released on Jan. 27. Last quarter, the company's earnings came in as expected and another solid quarter would bring some welcome consistency to investors.