In stock market trading, the knowledge of which stock to buy or sell at a particular time is crucial. But when there are thousands of companies listed on the stock exchanges, such information is difficult to come by. But thanks to stock research sites, many of which are free, you can get all the necessary information and insights. Based on the information from these sites, you can decide whether you should stay invested in a stock or exit. There are different tools to analyze stock market information and your favorite stock research sites should have them. In this article, we will discuss the key parameters to determine the best free stock research sites.
Different Kinds of Stock Research Sites
There may be a thousand free stock research websites and each one is different from the other. Some websites simply give you important information about the stocks in the market while others may give you the necessary tools to find the perfect stock for you. Based on what information you prefer for your trading, you can choose one or some of the free stock research sites.
Technical vs. Fundamental Research
Stock research websites normally use a mix of fundamental and technical information to recommend the perfect stock for you. But sometimes, the services may seem to be unduly favoring one type of information. If you are focusing on short-term trading, you should go with technical information and research.
You will get alerts, advanced charts, and price patterns of the stocks you are interested in. You can scan and filter the information. But if you are interested in long-term investments, research tools that get you information on the fundamentals are more important. These research tools offer you some unique ways to compare the stocks of different companies.
Some stock research websites have advanced research tools that allow you to save the recommendations on the watch list. You can get back to the saved items later on when you have more time to analyze the information. Some sites have recommendation features as well. It will recommend a set of stocks that you can buy according to the price and outcome.
News & discovery tools
Financial news is of great relevance for both short-term and long-term investment decisions. Newspaper articles can also help you choose the best stocks for you. Some financial news can also give you recommendations for stocks. On the other hand, there are many discovery tools on different stock research websites. There are some algorithms on the research website that can automatically find the best stocks for you. These are based on your search history and the stocks you keep on your watch list.
What should you look for in a site?
Now when you are choosing a research website to purchase a stock, it is very important to consider how this site can help you in the future. The website you are using for research must fit with your strategy.
Here are some free stock research sites:
This is a free stock research website that offers the latest analysis and news about different sectors and stocks. This is a very good website for the necessary financial information. Motley Fool gives you all the analysis and news for free. But if you want to access the newsletter, it will cost you around $99 per 12 months.
Yahoo! Finance is a free stock research platform with loads of tools. It offers technical charts, financial data, stock screeners, and portfolio analysis. It has a whole lot of other features to help traders and investors.
Zacks is a research platform that focuses on analyst ratings and promising stocks. It offers a list of stocks with analysts’ ratings under different categories.
FinViz is a smart and intuitive stock research site with a comprehensive scanner. It has a unique display for scan results that feature stocks in a list, heatmaps, and bubble chart formats.
Success in the stock market trading and investment depends a lot on information and analysis of financial information and movement of stock prices. But this is not possible for an individual to keep track of all the information and do all the research and analysis. But free stock research websites, some of which also have paid services, effectively deal with this issue. Now, traders and investors can make informed decisions thanks to these stock research sites.