Stock screeners are an essential tool for all investors looking for new investments. While many websites offer stock screeners the quality can vary greatly. As a result, the best free stock screeners provide versatility, depth, and functionality to give you the best finds.
Many consider Finviz to be the best free stock screener and the best stock scanner for US stocks available. We’ve covered the stock screener in our first post.
Morningstar is a leader in independent investment research. While it offers a free screener covered below, the premium membership is most of all full of tools and great information you won’t get anywhere else. The premium screener allows you to refine your custom screens with over 300 fundamental data filters. Additionally, it offers several predefined screens built by their top analysts. You can also save your custom screens. Another great feature allows to save and track any passing stocks through the portfolio manager.
The search categories in the custom screener are very wide-range but also reflect the idea that beating or missing earnings forecasts influences stock prices more than cash flow or book value. Free site registration brings access to a blank template or already preset screens. You can customize them by just about every metric and ratio that can be derived from a financial statement and some uniquely from Zacks.
Google Finance‘s stock screener is one of the best free stock screeners on the web. In terms of breadth, Google Finance is tops in that it allows you to screen across many countries and fundamental metrics. The Google Finance screener updates in real time and uses sliders to adjust ranges. Because of this, it can show the distribution of companies across the particular metric. Unfortunately, you cannot export data into a spreadsheet. Only one other free screener enables you to screen countries besides the U.S., so this is still a useful tool for your investing toolkit. Unfortunately, it might be discontinued sometime in the near future.
You can search stocks by industry, index membership, share data such as price, market cap, beta, sales and profitability, valuation ratios, analyst estimates and create scans with hundreds of different screening criteria. The finance home page has detailed information about the stock market. It includes market news and live streams of current market conditions on the Dow, Nasdaq and S&P’s 500 index.
There are many more screeners and cheap market research software available. Let us know in the comments which ones you prefer!