I have been trying to learn how to evaluate stocks using eTrade, etc but I am wondering if there is a better set of tools available for evaluating stock price, earnings, etc.
2006-11-30 13:30:18 · 6 answers · asked by Seth T 2 in Business & Finance ➔ Investing
My tools, in order of complexity:
Benjamin Graham's book "The Intelligent Investor"
- This will tell you what to look for
Your network of friends
- The companies you do business with are the easiest for you to know. Do they have good products? Are employees happy? The devil's in the details.
Yahoo! Finance
- A vast amount of free, reasonably up-to-date information
Company websites & annual report
- Watch out for the marketing pitch! If you know what to look for, you can find it here.
Smartmoney.com Stock Screener
- Good for separating wheat from chaff. Make the list of stocks you want to concentrate on smaller.
www.backtest.org
- For those with a more quantitative bent (ie: you want a computer to tell you what to buy) then this is a good place to start to learn the craft.
Bloomberg (pricy)
- The industry standard for investor information, but it'll set you back the equivalent of a mortgage (~$1400.00/month)
MarketQA (definitely not for beginners)
- Another expensive tool, but good for advanced quantitative analysis.
MatLab
- Incredibly powerful tool for quantitative analysis. Short of writing your own software, this is as good as it gets.
2006-11-30 14:42:41 · answer #1 · answered by aragon_the_younger 2 · 0⤊ 0⤋
depends on how in-depth you want to be...
if you want a general overview of valutaion for stock purchases you should familiarize yourself with Price Multiples such as Price-to-Earnings, Price-to-Book, etc. and compare to peers. This is called relative valuation.
if you want to really get into it and analyze like an institutional investor/analyst I recommend the book, Stock Valution by Scott Hoover. it will discuss intrinsic value and how to read financial statements to extract value.
stay away from nonsense books and learn from the bottom-up...good luck
2006-11-30 13:36:07 · answer #2 · answered by Anonymous... 1 · 0⤊ 0⤋
I think the best free tool for stocks is moneycentral.msn.com. They are the best source of fundamental data (of the free sites). If you can be bothered, see if your library carries Value Line. They are excellent as well.
2006-11-30 19:44:20 · answer #3 · answered by minli98 1 · 1⤊ 0⤋
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
http://investing.sitesled.com/
I am sure that you can get your answers in this website.
Good Luck and Best Wishes!
2006-12-01 01:39:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
purchase businesses that enhance their earnings and are quite solid johnson and johnson (jnj) proctor and gamble (pg) Alcoa (aa) is a extensive cyclical aluminum company that will enhance earnings sooner or later Transocean (RIG) is a deepwater driller it particularly is amazingly solid in fact and undervalued. it particularly is rated 5 out of 5 stars by S&P
2016-10-04 14:12:39 · answer #5 · answered by ? 4 · 0⤊ 0⤋
try aptistock freeware for technical analysis
detail on my Y 360/ best answers
2006-11-30 17:27:33 · answer #6 · answered by dinu_pawar 5 · 0⤊ 1⤋