There's some fear about high-debt stocks right now because of the rise of the interest rates. Marriott, Sherwin Williams, Lowes and Mohawk (all great companies, but that carry a medium-large debt) have suffered these last days. They've all lost at least 10% of their value recently. There's some other names too, like Canadian Pacific that released great results this week but that didn't rise that much, perhaps partly because of their debt.
I think we should never put a big part of our portfolio in stocks that carry a large debt. The ideal, is a debt-free stock, like Five Below or Richelieu Hardware. But ideal stocks dont always have momentum or an interesting price, so these two examples are not the best in the current situation. But, whatever happens with the reserve or with any other economical stuff, these debt-free companies operate without any worry in that regard. And they sell their stuff for which sales are totally predictable.
I think that the slight rise with the interest rate may be an occasion to look for a great company that carries a medium debt. A great management team that made it's proofs in the past will probably continue to do so with a slight increase of the rate. Obviously, chosing a Valeant type of stock wouldn't be a good idea because I didn't write "astronomical debt".
So, which stocks could be interesting? Those written above. A market drop is a much better moment to buy something than the specific drop of a stock.
Don't hesitate to disagree with me.