Money Advice

9 Best Stock Screeners of 2021 (Free & Paid Apps or Software)

At any given second, hundreds of corporations all over the world commerce publicly.

For traders seeking to decide particular person shares, that raises an important question: How do you select which shares to purchase?

While many traders select to easily purchase index funds as a straightforward method to “invest in the market” and certain earn common historic stock market returns, others intention to beat the market by selecting particular person shares. They could merely look to day commerce, darting out and in of the market for fast returns. Or they could search to purchase and maintain particular person shares for long-term positive factors and dividends.

That’s the place stock screeners come in useful.

Stock Screeners 101

Stock screeners present a collection of filters and search standards that will help you slim the sector from hundreds of shares to only a handful. The extra sturdy the screening filters, the higher the screener might help you discover precisely the kind of stock you need.

New traders typically confuse stock screeners with associated instruments and providers, reminiscent of stock scanners, stock brokerage providers, and stock pickers. Understandably so — all of them are inclined to overlap.

Stock brokerage accounts present the mechanism for getting and promoting shares. But most additionally supply stock screeners inside their platforms that will help you kind and sift by way of the hundreds of shares obtainable.

Similarly, many stock scanners additionally provide help to kind by way of shares. What differentiates a stock scanner is that its major goal is to stream real-time knowledge and details about particular shares or exchange-traded funds (ETFs). In distinction, stock screeners provide help to slim down the hundreds of shares and ETFs obtainable to a handful based mostly in your particular standards. Even so, many screeners embrace scanner instruments and vice versa.

Unlike stock scanners and stock screeners, stock pickers are usually not self-service instruments. As investing and evaluation consultants, they do the analysis for you and advocate particular person stock picks.

What to Look for in a Stock Screener

Not all stock screeners are created equal.

First and foremost, search for sturdy screening filters. A stock screener is barely nearly as good as its means that will help you discover shares based mostly on exact standards. A couple of commonplace screening filters embrace:

  • Stock change
  • Country or area
  • Industry
  • Market capitalization (cap)
  • Dividend yield
  • Price
  • Target value
  • Trading quantity (present, common, or relative)
  • Volatility
  • Price-to-earnings ratio
  • Earnings per share (EPS)

Some stock screeners embrace their very own inner ranking algorithm for shares and funds. While many merchants and traders prefer it as a function, watch out to not rely too closely on an algorithm’s suggestions a few stock.

The finest stock screeners mix flexibility with ease of use. Stock screeners ought to ideally allow you to slim your search with actual precision with out a very advanced or cumbersome interface. Even freshmen ought to discover them intuitive to make use of.

Finally, some stock screeners cost a price, so price turns into an element. If you’re new to stock screeners, begin with free providers to familiarize your self with how they work earlier than shelling out a hefty subscription price.

Best Stock Screeners

Ready to roll up your sleeves and get your fingers soiled with screening shares?

Try the next stock screeners, and for the providers that cost money, control their free trial insurance policies earlier than committing long run.

1. Trade Ideas

Limited Time Offer: Through May 26 use coupon code TESTDRIVE25 to avoid wasting 25% off a Trade Ideas subscription. Sign up for Trade Ideas.

For real-time scanning and screening, it’s laborious to beat Trade Ideas.

The platform is exceptionally quick, with its knowledge facilities strategically positioned close to main stock exchanges. It additionally supplies a wealth of preset scans, which you’ll customise and mix with your individual distinctive standards.

Investors can backtest concepts for investing and buying and selling to see how they might have carried out prior to now.

But one space the place Trade Ideas units itself aside is its synthetic intelligence. Its AI software, named Holly, makes use of technical, elementary, and social knowledge to scan hundreds of buying and selling alternatives and provide you with a warning when it finds one with sturdy upside potential. That helps you discover alternatives you’d by no means have in any other case seen.

Trade Ideas solely works with U.S. and Canadian stock exchanges. While the service does supply a free demo, most options require a premium account. And it isn’t low-cost, both, with month-to-month plans beginning at $118.

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2. Stock Rover

StockroverlogowhitelargeAnother excellent possibility, Stock Rover excels at U.S. and Canadian stock screening.

The on-line software provides over 150 screening filters and makes it simply as straightforward to display ETFs as shares and mutual funds. You can create advanced equations, combining a number of filters with if-then logic to fine-tune your outcomes. Stock Rover additionally supplies sturdy scanning options, with its knowledge, watchlists, and filters updating each minute should you like.

Stock Rover works notably properly for long-term traders. It can combine together with your brokerage account, together with most main brokers, reminiscent of Vanguard, Charles Schwab, T. Rowe Price, Fidelity, and  TD Ameritrade. Once built-in, it provides extra sturdy reporting, portfolio rebalancing suggestions, correlation testing to your asset allocation, and portfolio evaluation.

The Stock Rover ranking system creates succinct suggestions so that you can evaluate. On a scale from 1 to 100, it shows a number of classes of ranking scores for every safety: general, development, valuation, effectivity, monetary power, dividends, and momentum.

Stock Rover serves day merchants much less properly. Compared to its 150-plus monetary indicators, it solely provides 9 technical indicators in its screener. It higher serves worth and revenue traders. In a nod to Warren Buffett’s emphasis on elementary evaluation, it even comes with a “Buffettology” screener preset to seek out corporations with a powerful margin of security and honest worth indicators.

Like TradingView, Stock Rover operates on a freemium mannequin. Its free account possibility works properly that will help you get began, however for full performance, you will need to pay for a premium account. Fortunately, they begin at solely $7.99 monthly.

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3. Atom Finance

Atom Finance

Limited Time Offer: Use code ATOMVIP to avoid wasting $8 off your first month of Atom Premium. This supply is barely obtainable on the net app and never at the moment obtainable on Apple or Android units.

Atom Finance goals to ship institutional-level energy with retail-level usability. And it largely succeeds. You can join your different brokerage accounts to your Atom. That creates a chicken’s-eye view of your whole funding portfolio — just like Mint or Personal Capital — so you may see your full asset allocation and recommendations for the place to diversify.

But it doesn’t cease there. Advanced stock screening instruments provide help to analysis particular person shares and broader developments beginning with real-time stock quotes and institution-grade monetary information feeds.

Available company knowledge embrace fairness analysis from all main banks and monetary corporations, SEC filings and transcripts, analyst forecasts and proposals, and detailed historic monetary knowledge. Atom’s superior doc search helps you to seek for phrases throughout a number of information articles, filings, and transcripts to unearth hidden developments and patterns. All of that mixes to create a complete portrait of a company’s efficiency over time.

Another neat function is Atom Hubs. Taking the idea of watchlists a step additional, hubs allow you to evaluate shares by your metrics of selection, permitting you to decide on amongst dozens of related knowledge factors. Those comparisons come to life visually by way of charts and graphs detailing totally different shares’ efficiency. Your hubs additionally mixture related information, paperwork, and occasions to your chosen shares. You may even share them with different traders to gather suggestions.

Those hubs spotlight a ultimate power: their group of traders and chat options. Find chat channels most related to your investments and elegance, and collaborate with different traders for higher outcomes.

Atom Finance provides a free model that features day by day market briefings and information alerts. For round $10 monthly, you may entry their Premium options, which embrace analyst commentary, value change explanations, fairness analysis summaries, and value goal updates.

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4. Zacks & Nasdaq Screener

Zacks LogoThe Nasdaq stock screener is now powered by Zacks, which provides a considerable set of free stock screening instruments. In truth, it comes with extra filters than Finviz.

Zacks notably shines by letting you enter a customized worth or vary for its screening filters reasonably than choosing from a drop-down record of preset ranges. That provides you much more precision in your screening outcomes.

Additionally, Zacks provides extra detailed earnings per share (EPS) search standards than most. For instance, you may delve into EPS shock percentages, together with the final EPS shock, earlier EPS surprises, and the common EPS shock (from the earlier 4 quarters).

You can even save search settings and export outcomes to a spreadsheet for additional parsing and evaluation.

Zacks additionally supplies a number of screening standards for analyst scores, together with upgrades, downgrades, or particular ranking modifications. Unfortunately, this function and plenty of others require a premium account to make use of. Many of Zacks’ finest options, reminiscent of preset screening standards based mostly on formulation utilized by well-known traders, require cost. Premium accounts price $249 yearly, and so they supply a number of costlier providers as properly.

For extra data, try our Zacks Trade evaluate.

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5. TradingView

Tradingview LogoWhile barely overwhelming for brand spanking new merchants and traders, TradingView provides an extremely versatile screening platform at a low or no price.

You can begin screening shares and ETFs with no sign-up required and familiarize your self with the various choices obtainable. With over 150 elementary and technical filters, you may kind shares with precision. And if you wish to solely take a look at shares or ETFs, you may swap simply between the 2.

One space the place TradingView excels is the breadth of securities and investments it consists of. To start with, it consists of worldwide shares and funds from everywhere in the globe, letting you evaluate American and international shares with the identical set of instruments. Beyond worldwide securities, it additionally supplies entry to cryptocurrencies and international change (foreign exchange) forex comparisons.

TradingView additionally provides a easy ranking system for securities, indicating whether or not it’s a “buy,” “sell,” “strong buy,” or “strong sell.”

It’s notably noteworthy that TradingView helps you to evaluate broader financial indicators with company-level knowledge. For instance, you may evaluate a company’s efficiency with the nationwide unemployment rate over time to search for patterns.

TradingView operates on a freemium mannequin, with each free and premium choices. The free model consists of advertisements but additionally consists of most performance. To entry the real-time scanner function and export knowledge, you want a paid subscription. However, they provide a 30-day free trial, and premium accounts begin round $15 monthly.

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6. Finviz

Screen Shot 2020 06 18 At 4.22.54 PmAs a stock screener, Finviz (a portmanteau of “financial” and “visualizations”) is essentially free. Its Finviz Elite plan provides a real-time stock scanner, aftermarket knowledge, correlation knowledge between shares, and backtests, which apply a potential buying and selling or investing technique to the previous to see how it will have carried out. The plan begins round $25 monthly.

But its free plan requires no sign-up and features a broad vary of screening filters. The solely actual draw back is a delay in updating the information, which impacts day merchants greater than buy-and-hold traders. The latter can use Finviz after markets shut.

With its intuitive, easy on-line platform, Finviz makes a very straightforward start line for brand spanking new merchants and traders. Its choice of 29 elementary filters and 17 technical standards are sufficient that will help you study the ropes however not too many to overwhelm.

Advanced traders and merchants could not discover its screening filters versatile sufficient, nonetheless. Where Finviz falls notably quick is the lack to pick a number of choices inside the similar filter subject concurrently. For instance, you may’t choose two financial sectors — you may both choose one or all however not a particular few.

Consider Finviz an ideal platform for studying on. As you turn out to be extra refined, you may discover extra superior choices as wanted.

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7. TC2000

Tclogo 160wFor over 25 years, TC2000 has excelled at stock screening and scanning.

It provides a broad vary of elementary and technical screening standards. But TC2000 additionally lets you create your individual customized screening standards, which you’ll then layer on prime of present stock charts. The means to layer personalized knowledge into visible charts makes its charting unsurpassed within the stock screener subject.

TC2000 additionally helps you to customise alerts higher than most screeners to let you recognize in actual time when your customized mixture aligns excellent. Combine that with quick real-time scanning, and it makes for an excellent platform for day merchants.

Unfortunately, TC2000 solely works with American and Canadian stock markets. It comes as downloaded and put in software, and a few customers complain its web-based platform fails to dwell as much as the put in model.

Like different screeners, TC2000 provides each a free model and premium choices, with the latter beginning at round $10 monthly.

Note: If you ever used, TC2000 purchased them and built-in their options as half of its free service.

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8. TD Ameritrade

Td Ameritrade LogoUnlike Vanguard, which is understood for its long-term buy-and-hold desire, TD Ameritrade is a web-based brokerage account constructed and designed round day buying and selling.

Toward that finish, they provide no fewer than six platforms. Their Thinkorswim platform particularly combines versatile knowledge evaluation with quick, straightforward buying and selling.

It doesn’t damage that TD Ameritrade doesn’t cost any commissions on trades, both. They have been among the many first on-line brokerages to go commission-free.

Embedded in its platforms lies a wealth of free instruments, together with its Stock Hacker software for each filtering and real-time scanning. For occasion, you may arrange scans for technical patterns like channels, wedges, and flags after which instantly act on them by shopping for inside the platform.

All totally free. It’s particularly notable that it helps you to follow buying and selling with faux money with its paperMoney function. However, you must open a brokerage account with them to entry these instruments.

For extra data, try our TD Ameritrade evaluate.

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9. Market Gear

Market Gear payments itself as highly effective however approachable for particular person merchants. 

The buying and selling platform connects together with your brokerage account, so you may commerce shares and choices instantly from Market Gear. You can entry it both as on-line software, as downloaded software to your PC or Mac, or from their cellular app. All present real-time alerts based mostly in your screener settings. 

The Market Gear Stock Screener module options lots of of knowledge factors, so you may slim these alerts with precision. Filter these knowledge factors utilizing sliders, drop-downs, checkboxes, or manually getting into the ranges you need.

Like many screener platforms, Market Gear provides customized charting. You can even do intensive backtesting to see how your buying and selling technique would have carried out over time. 

Market Gear features a built-in “trade journal” so that you can monitor all of your earlier trades and their outcomes, alongside together with your notes about what went proper or unsuitable and how one can enhance sooner or later. The finest merchants by no means cease analyzing their trades and efficiency!

After a two-week free trial, Market Gear costs $45 monthly for his or her entry-level “Essential Kit,” $75 for his or her mid-level “Signature Kit,” and $145 for his or her prime tier “Master Kit.” You can rating a reduction by paying yearly. See their clear pricing page for full particulars.

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Final Word

Day merchants and particular person stock pickers want entry to extra advanced knowledge evaluation than buy-and-hold index fund traders. To sift by way of the lots of of hundreds of shares within the world market, they want excellent screeners.

Start with a free stock screener possibility like Finviz or TD Ameritrade should you’re new to the sport. As you develop in confidence and experience, you may check out extra sturdy screening instruments like TradingView and Stock Rover.

There’s nothing unsuitable with having a bit enjoyable buying and selling within the market. But by no means commerce with money you may’t afford to lose and begin low and go sluggish while you begin buying and selling with actual money reasonably than faux {dollars}.

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