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Thousands of companies are publicly traded on the stock market at any given moment. It is challenging for investors to pick and trade stocks independently, thanks to the number of listed companies. As a result, many people resort to costly stock brokers and professionals who are well equipped with the best technical resources and a deep bench of analysts to help them with investment ideas. But you can avoid this if you have access to a quality stock screener that can do the same work.
Stock screeners are a powerful tool that can sift through thousands of stocks in seconds. These stock equities could be listed in the US or anywhere else in the world. A stock screener can identify the best stocks that meet the specific criteria and investment strategy that you want to deploy. They can be used to filter for undervalued value stocks, tech stocks, growth stocks, high dividend stocks, and can even be used by day traders. When you use a good stock screener, you can narrow your investment choices and invest in stocks that can provide you with market-beating returns.
Best Stock Screeners in 2023
12 Best Stock Screeners For Stock Traders & Investors In 2023 (Free & Paid)
If you are into stock investing and looking for good stock screeners, then you can check these out:
2. Trade Ideas Pro
If you are a day trader for whom market timing is critical and require a screener that can provide you with superfast information, then go for Trade Ideas Pro. This scanner is equipped with powerful high-end technology with data centers near the stock exchange and can provide accurate real-time stock market data. Its AI (artificial intelligence) channel algorithm automatically scans the market, showing the potentially most profitable stocks in real time. Notably, the market’s benchmarks have been shattered previously by its AI-backed trading software many times.
By opting for the TI Pro stock, traders can scan through all the premarket movers and identify gaps, low float stocks, high relative volume, and other trade alerts. Besides, its advanced features like the integrated backtesting interface, the brokerage API for brokers like E-Trade and Interactive Brokers, and automated trading capabilities will help them improve their day trading experience to a large extent. Further, traders can visit their free trading education classes and stock chat room to enhance their knowledge.
The Nasdaq stock screener powered by Zacks is one of the best online stock screeners. It houses a massive set of free stock screening tools that enables stock traders to analyze financial data. The Zacks screener comes with multiple filters and screening criteria for stock ratings, upgrades, downgrades, or specific rating changes. Besides, it lets the traders enter a custom value or range of values for its screening filters rather than simply providing a drop-down list of present ranges. As a result, stock traders can expect far more precision in their stock screening results.
The most popular criteria Zacks offers is the earnings-per-share (EPS) search criteria. Traders might delve into EPS surprise percentages that include the last EPS surprise, previous EPS surprises, and the average EPS surprise from the previous four quarters. This helps them to analyze the actual earnings growth accurately. Moreover, it also enables saving the search settings and exporting the results to spreadsheets for further technical or fundamental analysis. The entire trading process becomes much more convenient.
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4. Benzinga Pro
Investors looking for a one-stop destination for all the stock market-related information may go for Benzinga Pro. It is a comprehensive, all-in-one trading platform where traders can find a range of trading tools, such as real-time charting and a massive range of technical indicators, screening criteria, and alert options.
Its impressive features, like the full calendar suite, include information about upcoming earnings reports, revenue announcements, and other events and are of immense importance for active traders. The news updates are delivered seconds apart so that the trader never misses the market movements that can affect his bottom line. Moreover, another unique feature called Audio Squawk even goes down to the extent of reading the day’s key highlights for the investor to save time.
All this makes Benzinga one of the top analysis platforms for serious traders who want to read between the lines while framing their trading strategies.
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5. Black Box Stocks
If you are a new investor confused about which asset to trade at what time, Black Box stocks is ideal for you. The platform screams excellence. Its stock screener uses a proprietary algorithm for displaying the ten hottest gainers and decliners of the day. Besides, there is also a premarket scanner and a post-market scanner using which stock traders can scan for any US-listed stocks, whether they are large-cap, mid-cap, or small-cap. Moreover, Black Box stocks has a trading chat room for stock traders. It also hosts free education events in which real traders educate the community in diverse trading and investment styles.
6. Trend Spider
TrendSpider is an excellent trading software renowned for its automated technical analysis. Notably, this ideal platform can search in any timeframe from 1-minute to 1 month. Based on the technical criteria, this market scanner generates dynamic watchlists for the investors while letting them discover their trade setup based on flexible scans or the 20 built-in scans already provided.
There are other essential tools as well. Trend Spider comes with a powerful charting and stock analysis package and a dynamic alert system. Moreover, multiple timeframes on this scanner can be combined for multi-timeframe analysis. Investors can also use this platform to perform backtests or pattern recognition analyses.
Finviz is a famous stock analysis and stock screener software available in free and premium versions. Despite being ad-supported, the free one is undoubtedly one of the most powerful free stock screeners available in the market. Investors can use this screening for broad and narrow metrics, from the country, stock exchange, and market capitalization to quick ratio, sales growth over the past five years, and insider transactions. Moreover, screening for technical indicators like simple moving averages, RSI, and several charting patterns is also available.
Those who sign up for premium get access to features like Real-time quotes and data, Pre-market and after-market stock data, Backtesting, etc. Besides, Investors who love watching the market movements can use Finviz’s “heat maps,” a tool that illustrates performance from the S&P 500, the entire US stock market, world stocks, and ETFs in an engaging visual format. Using it may help them to drill down into the details of each stock or fund.
8. Seeking Alpha
Seeking Alpha has a large number of tools that helps in screening stocks and conducting their fundamental analysis. It has over 20-plus prebuilt screens, including Top Rated Stocks, Top Yield Monsters, and Most Shorted Stocks.
Investors can customize their screens per their requirements and use the screener to filter necessary investment-related data such as dividend yield, valuation metrics, growth expectations, and many more. You can filter data under Seeking Alpha-specific metrics like Quant Grades or Dividend Grades. This means dividends can be measured not only based on yields but also as per growth, consistency, and overall safety. Moreover, you can filter ratings from Wall Street analysts and SA’s broad authors. Features like Fundamental Charting are also beneficial while searching for suitable investments.
This stock screener, however, is only available to the Premium and Pro subscribers of Seeking Alpha.
TradingView can be rightly classified as one of the best stock screeners available in the market. It has many helpful charting and screening platforms that benefit stock traders who indulge in fundamental and technical investment analysis. TradingView utilizes 50+ real-time data feeds, historical data, pre-built popular indicators, intelligent drawing tools, figure charts, and valuation analysis.
What makes TRadingView genuinely remarkable is its free stock screener software which is quite robust and offers both charts and screens as per real-time data. The screener has pre-built data sets, with entire sets like Overview, Performance, and Dividends, and technical sets like Oscillators and Trend-Following. Moreover, there are pre-built screens too, like Large-Cap, High-Dividend, Most Volatile, etc. Traders can screen all kinds of stocks, Mutual Funds, ETFs, CEFs, Forex, and cryptocurrencies using this screener.
TradingView Basic has a robust web-based charting system containing real-time stock price data, historical charts, technical indicators, and technical analysis summaries. These are based on oscillators and moving averages, stating whether a stock is a Buy, Sell, or Hold. Investors may use this platform for customized technical analysis using metrics like volume indicators, Relative Strength Index (RSI), moving average convergence divergence (MACD), and so on.
TC2000 is a robust and efficient stock screening software that qualifies as one of the top stock screeners. With over three decades of refinement and improvement, this tool has become many investors’ choicest screening tool with its wide selection of fundamental and technical screening criteria.
TC2000’s easy-to-install stock screening and scanner software EasyScan lets investors perform various functions, including building watch lists, following stock news, receiving stock alerts, conducting stock scans, and sorting and making personal notes on stock opportunities.
Moreover, TC2000’s service’s Condition Wizard is one of its most striking features. Users can build on a step-by-step manner for any condition that comes to their mind based on indicators. There are over 70 technical indicators with ten drawing tools, and scanning millions of data points for a condition is possible within a small interval.
11. Stock Rover
Investors who focus on fundamental analysis can go for Stock Rover’s screeners and watchlists. The platform has over 140 pre-built screens and 500-plus screenable metrics providing traders with a vast selection of fundamental screening criteria.
Investors who opt for Stock Rover Premium and Premium Plus subscriptions can screen for criteria that best suit their investing style. Stock Rover’s premium products enable users to screen for numerous data points and give the exact results per their requirements. Facilities like weighing specific criteria more heavily than others while creating a ranking of stocks are also possible. Moreover, by linking Stock Rover to their brokerage accounts, investors can get more robust reporting, portfolio analysis, and rebalancing recommendations. So, long-term investors with buy-and-hold tendencies can find its robust 10-year historical fundamental database-based research and analysis tools extremely beneficial.
12. Atom Finance
Atom is known for combining institutional-level power with retail-level usability, allowing traders to connect their other brokerage accounts. Because it includes equity research from major banks and financial firms, SEC filings and transcripts, analyst forecasts and recommendations, and detailed historical financial data, the platform’s collected data is highly reliable.
The best feature of Atom is that it generates a bird’s-eye view of a trader’s entire investment portfolio, allowing them to see their total asset allocation and suggestions for where to diversify. Besides that, by utilizing its advanced stock screening tools, traders can investigate individual stocks and broader market trends, beginning with real-time stock quotes and progressing to institutional-grade financial news feeds. Moreover, the trader’s decision-making abilities receive a considerable boost by comparing the performance of stocks using metrics of one’s choice and obtaining data visually through charts and graphs.
Users can also pay $6.99 monthly to access premium features such as analyst commentary, price change explanations, equity research summaries, and price target updates.
The stock screeners mentioned above are the most popular ones in the market, and many investors rely on them. They all have individual qualities and can offer exceptional service depending on your requirements. So, if you are a trader looking for a tool to make your trading journey easier, you can go for any of them.
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