Many new investors desperately want to get started in stock investing, but don’t always know how to go about it. After they open a brokerage account, using my guide, the pressing question usually is ‘What stocks should I invest in? Do you have any ideas?’. (Well yes, I do, and I publish them every morning on my Twitter, @25millionaire (shameless plug).) To find stocks and verify online reading, many new investors want at least one of five types of (free) websites relating to stocks/investing;
- A website with an easy to follow graphical interface that tells them what about the stock is good, and what is bad.
- A website with complete financial information, such as the balance sheet, analyst opinions, and financials.
- A website that publishes quality financial media, like detailed analysis or commentary.
- A message board to discuss stocks in real time.
- A stock screener.
(*Please note that I’m going to publish a full guide on how to analyze stocks in the coming week.)
Below, I list the various stock websites that I use when analyzing stocks, categorized by the four ‘investor wants’.
Easy To Follow, Graphical
Simply Wall Street provides you with a visual representation of a stock through a ‘snowflake graph’. They provide information on the stock with an infographic-like page which is very visually appealing and very effective at displaying data. They also offer a portfolio tool, which allows you to visually see it’s strengths and weaknesses, then inprove upon it.
StockFlare gives each stock a rating based on stars. Each star represents an aspect of what makes the stock valuable, and if a stock has 5 stars, StockFlare considers it to be a great stock. Unlike other rating publishers (discussed below), who give you buy or sell ratings, StockFlare rates stocks based on how solid of a company they are. They also have detailed, yet simple charts that show detailed statistics, financials and technical analysis.
This website tells you what notable earnings reports are coming out in the near future. They provide visual representations of what analysts think will happen and an EarningsWhisper. The EarningsWhisper is an EPS figure and is usually correct. If this site says to buy a stock before earnings that I have been watching, chances are I will.
Complete Financial Information
Yahoo! Finance offers a slew of information and features. They have virtually every statistic relating to the stocks, including financials and holders. They also have nice charts of earnings, analyst ratings, and financials which help you visualize the data nicely. I go here when I need any figure/statistic relating to a company.
Nasdaq publishes the same information as Yahoo!, but under a different layout. I prefer Yahoo’s design, but Nasdaq has many more charts and option information.
They publish ratings based on a star system, which I usually use for mutual funds. In addition, they publish great analysis by qualified people.
Zacks is world renowned for its stock ratings. They rate on a scale of 1-5, with one being strong buy and five being a strong sell. They are usually correct in their ratings, and because of this I usually refer to them before buying/selling a stock. However, they have mixed/no coverage for micro and small-cap stocks.
Company IR Page
I use the company investor relations page for earnings reports, transcripts, SEC filings, and presentations.
Great for dividend information on a stock, such as yield or payout ratio.
An awesome website that I use to see dividend history. They also publish great dividend related articles, such as dividend analysis of a stock.
Quality Financial Media
An investing media hub. They publish media (through contributors) on pretty much any stock and market situation. Their a great first stop to gain knowledge on a stock, but their media is usually very simple, and only scratches the surface.
A media site that publishes articles written by contributors. The articles and research is usually very high quality but varies from contributor to contributor. Users of Seeking Alpha can follow their favorite contributors, and usually the higher the following of the author, the better the aritcle. They also have editors picks, and a trending list which always has inciteful thought provoking articles. All of the above features are free, but they also offer paid articles. I am a published author on this site.
TheStreet is a website created by Jim Cramer. Other high profile analysts publish to this site, and they provide a neat rating system of stocks from E- to A+. It’s a great site for further reading on market topics and high profile companies.
This is by far my favorite major economy/finance news provider. I usually use them to read up on economic topics, but they also publish about many other things like analyst reports and studies. They are one of the highest quality publications I’ve found on the web, provide the facts and thoughtful commentary. In addition, they are known as a minimal bias publisher (no slant left or right) and “use very few loaded words,” according to a bias ranking site.
I use CNBC for breaking the market news. They are a biased publisher, so keep that in mind when reading economic/policy commentary.
A blog about high paying dividend stocks, who I discovered through Seeking Alpha. They are very inciteful and their articles are very data centered.
Tip: to see the average rate of return and success rate of financial bloggers or media publishers, go to TipRanks.com. They rank each publisher against each other, and it is easy to see how trustworthy the writer of your media is. Wappinger Capital Research, my ratings branch of WappCap has consistently been in the top 10% of publishers for the past few months.
StockTwits is basically Twitter for stocks. Input a ticker, and you will arrive at a page with a live feed of posts by various people. In each post is a rating for either bullish or bearish. The post medium varies, with some consisting of charts, some of opinions and some of who knows what. I usually use it to gauge the market and find leads to further research – many posters post links to great news articles. StockTwits is a good tool to see what people are thinking, but I would never follow any advice I see on it without verifying it through my research. Similar to Wikipedia, it is great for preliminary reading but never make a decision based on StockTwits.
An example post:
— Mike B Kucala (@TraderEquities) Nov. 29 at 08:50 PM
There are various other message boards for stocks based on topic, but I can’t personally recommend any others because I don’t usually use them. A quick Google search (ie. ‘otc stock message board’) will yield hundreds of results to choose from.
FinViz is a simple, free stock screener. Use the multiple filters to find stocks that could be potential investments. I use this tool to find undervalued, unknown stocks that could see great growth. Personally, this tool helped me find ADVM, a stock that grew 50% in a month.
This screener is created by the OTC Markets Group and is used to find OTC stocks. I don’t usually trade OTC, but have used this screener to find ADR’s of huge companies. It is very well designed and easy to use.
The best site for young investors looking to become millionaires by 25. Published by yours truly.
An encyclopedia of financial terms and equations. This site alone probably has taught me 50% of what I know about finance.
A paid service for awesome graphs which predict future growth extremely accurately. I use their graphs in my analysis articles.
A website offering pretty much any custom stock chart that you would ever want. I use this to compare returns between stocks visually.
Bookmark this post for easy access to this list of top finance websites!
I received no compensation from any of these sites – if a site is here it is because I use it.