Only tech stocks

Screening Filters

1. market_cap ≥ $50,000,000,000 & market_cap_category: ['mega', 'large']

   • Purpose: Focus on big, established technology companies.
   • Rationale:
     • Your request is “only tech stocks”; that doesn’t specify size, but combining tech with large/mega cap emphasizes the most established, generally more stable tech names (e.g., well‑known blue chips rather than tiny, speculative tech firms).
     • Large/mega caps typically have more consistent financial reporting and broader analyst coverage, which makes them easier to research and track.

2. monthly_average_dollar_volume ≥ $2,000,000

   • Purpose: Ensure the tech stocks are reasonably liquid and easy to trade.
   • Rationale:
     • High dollar volume means shares are actively traded, so you’re less likely to face wide bid–ask spreads or difficulty entering/exiting positions.
     • Among tech stocks, this helps filter out illiquid, thinly traded names that might be riskier to trade.

3. sector: ['Software & IT Services', 'Technology', 'Technology Equipment']

   • Purpose: Directly enforce the “only tech stocks” requirement.
   • Rationale:
     • These sector tags capture the core of the technology universe:
       • Software & IT Services: cloud, SaaS, enterprise software, IT consulting, etc.
       • Technology: broader tech classification (often includes various tech sub‑industries).
       • Technology Equipment: hardware, networking equipment, semiconductors, and related devices.
     • By limiting the screener to these sectors, non‑tech sectors (e.g., financials, energy, consumer staples) are automatically excluded.

4. list_exchange: ['XNYS', 'XNAS', 'XASE']

   • Purpose: Limit results to major U.S. exchanges (NYSE, NASDAQ, NYSE American).
   • Rationale:
     • Many leading technology companies are listed on these exchanges.
     • Major exchanges generally have higher listing standards (reporting, governance), which tends to improve the overall quality and transparency of the tech stocks in the list.

5. pe_ttm between 10 and 40

   • Purpose: Filter out tech stocks with extremely low or extremely high valuations.
   • Rationale:
     • A P/E below 10 in tech can sometimes signal distressed or structurally challenged companies (though not always).
     • A P/E above 40 can indicate very high expectations and potentially stretched valuations.
     • Keeping P/E in a moderate range tries to focus on tech companies that are neither obvious value traps nor highly speculative on valuation.

6. analyst_consensus: ['Strong Buy', 'Moderate Buy']

   • Purpose: Emphasize tech stocks that currently have favorable analyst sentiment.
   • Rationale:
     • “Strong Buy” and “Moderate Buy” ratings indicate that, on average, covering analysts have a positive outlook.
     • This doesn’t guarantee performance, but it helps tilt the list toward tech names that are generally viewed positively based on fundamentals and outlook.

Why Results Match Your Request

• The sector filters are the core response to “only tech stocks,” explicitly restricting results to technology-related sectors and excluding non‑tech companies.
• The additional filters (large/mega cap, liquidity, P/E range, analyst ratings, major exchanges) go beyond the literal request to improve quality and practicality: they help ensure the tech stocks you see are sizeable, tradable, reasonably valued, and generally well‑regarded by analysts.