Given Ryan's consistently hard work and the types of screens that he uses and reports, I was surprised to learn that he was unaware of FINVIZ. FINVIZ is a very powerful tool with instant information at your fingertips. I thought I would do a quick post on it to head you in the right direction–I hope that you'll excuse my evangelical fervor.
Access to information–quickly and easily–will help you find better opportunities. I use an amalgamation of tools: Stockcharts, FINVIZ and StockFetcher. In addition to access to information, being able to manage information is key as well. An effective idea management system will help you keep your ideas in a spot where you can review them and retrieve them. How many V-8 moments have you had when you had a great idea/stock pick only to see that it made its anticipated move and you were not on board? Maybe you guys are more organized than I am.
Finviz: Start at the home screen here. See my GREEN text boxes for highlights
This
next screen is where the real power is. It is under screener. You can flip whatever switches you like through using the drop down boxes to give the results you are looking for. As you might imagine, I'm particularly fond of the industry/sector information. There are several features that you will enjoy using. Grab your favorite beverage and take the tour. I want to point out a few things.
If you want to load tickers into your own charting system, it is easy as pie.
This is where I spend much of my time looking for "stuff"–notice the Sector and the Industry boxes—if you want to see stocks/charts quickly in an particularly group, this is a great way to quickly do it:
All you have to do is copy the tickers and past them into your favorite charting software.
I see folks ask about ETF's frequently. The "MAPS" feature and choosing the ETF in the far right hand corner helps you select an ETF/N in the area of your choosing.
This was meant to give you just a few slices of the information available. I hope that you find it useful in uncovering opportunities. And when you find them, you can use the "Portfolio" section to record them.
Note, I have no affiliation with FINVIZ other than being an appreciative user. I'll add that Tim mentioned them a couple of years ago, and I've been using them ever since. I only use the freebie stuff, and I cannot vouch for their premium services.
