Technology Moat Stocks

This sector includes companies engaged in the design, development, and support of computer operating systems and applications. Technology companies also provide consulting services and are engaged in the manufacturing of computer equipment and components, data storage products, networking products, and semiconductors. Here we highlight companies with a wide or narrow economic moat. An economic moat is a durable competitive advantage that allows a company to earn excess returns on capital for a long period of time and keep competitors at bay. Morningstar analysts assign every company they cover an economic moat rating of wide, narrow, or none.