A stock screener is designed to help you choose the right investment. It enables you to filter stocks based on your personal interest and style.
There are thousands of stocks out there and it can be a daunting task to examine every single one of them. You can use a stock screening service to wade through the plethora of options to come up with a short list that may suit your investment goal. From there, you can analyze your short list more thoroughly with a reliable stock research tool like TipRanks to select the best stocks for your portfolio.
The best stock screener should support the most important screening parameters, so you can more accurately narrow down your options. The filtering should also be quick and easy. Moreover, you’re better off working with a reputable and trusted stock screening tool.
Here are some of the best free stock screeners. All of the screeners have the option to upgrade to paid plans with more features.
TipRanks
TipRanks has become a one-stop investment research platform for many investors. It offers one of the most comprehensive stock screening tools you can find out there.
You can filter stocks on TipRanks by a wide range of parameters, including price target upside potential, analyst consensus rating, and dividend yield. Moreover, you can screen stocks by hedge fund signal and insider trading signal. These signals tell you whether hedge fund managers and corporate insiders are bullish or bearish on a stock. You may also filter stocks by blogger sentiment, which lets you see how financial bloggers on reputable sites view a stock.
TipRanks also offers a unique stock screening tool called the Smart Score, which lets you gauge a stock’s chances of outperforming or underperforming market averages. The Smart Score tool profiles stocks in a scale of one-to-10. Stocks with the “Perfect 10” score have historically delivered above-average returns.
In addition to stock screening, TipRanks offers stock research materials. You can stay up-to-date with market news and analysis. Moreover, you can access tools to manage and optimize your portfolio.
The TipRanks investment research service is ideal for both frequent traders and long-term investors. You can screen, analyze, and compare U.S. and international stocks. Although TipRanks has a free stock research service, its Premium plan, which starts from about $30 a month offers great value for your money.
Stock Rover
The Stock Rover stock screening service helps you to find, analyze, and compare stocks. The service provides investors with a fundamental and technical overview of stocks to help them identify suitable investment opportunities.
You can use Stock Rover’s pre-built screening metrics or create custom screening formulas. The platform also lets you connect your brokerage account to analyze your investment portfolio.
While Stock Rover offers a diverse range of stock screening options, its complex analytics can feel overwhelming to a beginner. Moreover, the tool helps with screening of U.S. stocks only.
You may use Stock Rover’s stock screener for free for a limited number of days. From there, monthly plans cost in the range of $8 to $28, and yearly plans cost in the range of $80 to $280.
Ziggma
Another stock screening tool worth considering is Ziggma. This service lets you filter stocks with sliding scale settings. You can screen stocks by sector, industry, or index. Moreover, you can screen stocks by indicators such as financial position, growth, or profitability. Additionally, Ziggma lets you screen stocks by a variety of fundamental ratios. The tool supports a range of filtering parameters.
A feature of Ziggma that many investors may like is the ability to save your preferred screening settings for use in the future. The Savings setting meanings that you can quickly find new stock ideas when you check back later.
Ziggma’s emphasis is on delivering quick results. As a result, it may work better for day traders than long-term investors who looking for more detailed analysis of stocks.
The Ziggma stock screener has a free plan, but it offers limited screening features. Its premium plan costs about $7.50 a month.
Conclusion – Which Is the Best Free Stock Screener for You?
The best stock screener is the one that suits your personal interests, and that can actually help you make a profitable trade or investment. All stock research services will claim to be the best, but the proof of the pudding is in the eating. You may want to try these options to see what works best for you. TipRanks has an advantage of providing comprehensive and easy-to-follow investment research insights.
