6 Best FREE WEBSITES TO VALUE STOCKS (Beginner Stock Market Investing)
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Hi Guys, I’m Ben and welcome to motivation2invest, our mission is to motivate you to invest for your financial freedom by providing you will valuable investing tips & strategies.
Now I’ve received a number of questions from you guys asking about which are best websites to research the stock market & value stocks fast!
Valuing a stock before investing into it is extremely important & the more time you put into stock market research the better your returns over the long term!
So in this video, I’m going to outline my 6 Favorite stock market Research websites & stock screeners!
LETS DIVE In!
6. Google Stock screener
Coming in at number 6 on my list is google stock screen. This is often my first point of call if I wish to check a stock fast & simple!
Simply google search your desired companies name then share price.
This will give you a nice overlay of the current share price including the past 5 or more years of share prices.
You will also see other useful metrics such as Market cap, P/E ratio, 52 week high/low.
5. Bloomberg
Bloomberg is great when you want to go that level deeper and find out even more information about the company.4. Yahoo Finance
4. Yahoo finance
Yahoo Finance very similar to Bloomberg in which I can quantitatively research the different financial metrics in more detail for each stock.
3. Seeking Alpha
Number 3 on my list is seeking Alpha, this is similar to Bloomberg except it has some extra features which I love.
Such as Wall Street Analyst Rating’s , VALUE Data (Showing the P/E ratio relative to time)
And the competitor analysis of key stats.
https://seekingalpha.com/symbol/GOOG/valuation/metrics
https://seekingalpha.com/symbol/GOOG/ratings/sell-side-ratings
https://seekingalpha.com/symbol/GOOG/peers/comparison
(They also have a paid plan, which I have not tried personally)
2. Guru Focus
https://www.gurufocus.com/stock/TSLA/summary
Coming in at Number 2 of my list is Guru focus, they have all the financial data in addition to useful definitions for each of the different financial metrics which can help out a lot, especially when valuing a company.
For example, it’s best to use the Price to sales ratio when valuing a cyclical business such as one in the automotive or oil industry. This is due to the fact then when a cyclical company is going through it’s best season it’s share price may look artificially low if using a PE ratio.
https://www.gurufocus.com/term/ps/NAS:TSLA/PS-Ratio/Tesla
Another similar website is Market Watch.
They have all the useful financial data which you will find on the other stock screeners except you also have analyst estimates.
(Which I wouldn’t take as gospel but can still help you to understand the general consensus)
https://www.marketwatch.com/investing/stock/googl/analystestimates
https://www.marketwatch.com/investing/Stock/GOOGL
1.SIMPLY WALL STREET
This is my favorite stock screen of them all as Simply Wall Street has a greater user interface & not all the clutter & extra unnecessary information.
It also translates many of the metrics into useful graphs to help you judge whether a stock is a good or bad purchase.
I especially like there valuation tool, which looks at fair value vs share price. I always recommended purchasing stocks when they are under valued, this will give you a margin of safety as the great investor Warren Buffett always suggests.
There balance sheet section is also essential to check, as you must ensure that any business you invest in does not have high levels of debt, especially if investing during a recession.
There insider trading section is also cool and can assist you in seeing who has BOUGHT or SOLD shares recently in the business.
IDEALLY you would like to see members of the board buying shares recently, (As it shows they currently believe in the business) if they are selling in droves then it’s a worrying sign, as it shows they don’t have faith in the business and believe it may potentially have a bad earnings year.
Overall there are so many different stock screeners out there & which you use is all dependent upon your personal preference & the information you wish to gather.
I personally, always check shares fast with the google stock screener, to give me a brief overview of the stocks share price & previous share prices.
Then I head over to simply wall street to check the summary, risks, balance sheet, Price to earnings & insider trading.
Then after this I will do my own qualitative research checking competitors in the industry & reading a variety of other analyst opinions.
Then finally I may check numbers in greater detail on websites such as Bloomberg or Guru focus. To ensure I’m checking all the correct & necessary ratio’s for the specific stock.
Now remember the number of stock market returns you achieve is proportional to the amount you research the stock & know the business before hand.
As Warren Buffett says “Invest in your circle of competence” Understand the business what it does, how it makes money and what you think it’s future performance may be.
WHATS YOUR FAVORITE WAY OF SCREENING STOCKS?
COMMENT YOUR THOUGHTS on our STOCK MARKET INVESTING YOUTUBE
I ALSO HAVE A VIDEO ON QUANTITATIVE vs QUALITATIVE STOCK MARKET INVESTING WHICH YOU SHOULD DEFINITELY CHECK OUT!
That video will show you that it’s not just a numbers game!
