A number of new stock research platforms that have launched in the last few years. Although most platforms tend offer a different set of features, data sets, geography coverages, the age-old problem still remains standing — interpreting the data provided by the companies and deciding which one is the best suitable for them. The following stock research tools are at the forefront of solving this problem in our opinion, by offering a diverse set of features that are user intuitive and aid in generating actionable insights, rather than just spewing raw data.
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12 Best Stock Research Tools for 2021:
- Morningstar Premium
- S&P Capital IQ
- Business Quant
- Thomson Reuters Eikon
- Benzinga Pro
Looking at Stock Research Tools
Ycharts was founded in 2009 with core mission to visualize and simplify various financial and industry metric. Ycharts has created a platform which simplify the complex financial topics using visuals and make it easier for clients to make smarter investment decisions and save significant time. The cloud-based interface and easy-to-use tools provided by Ycharts bring smarter investing within reach. They claim to have over 4000 clients who collectively, oversee more than $750 billion in assets.
Ychart provides 7-day free trail for their services,
- Their Standard basic package is priced at $3,600/year and the Professional is priced at $6,000/year
The standard package includes access to the following :
- Fundamental & Technical Charting
- Stock & Fund Screeners
- Live News and Customizable Alerts
- Analyst Estimates & Recommendations
- Dashboard for Monitoring Markets & Securities
Professional and Enterprise packages allow for the user to have access for features such as Charts Excel Add-In and Integration Support, Model Portfolios, Comp Tables & Timeseries Analysis, Scoring Models, Dedicated Account Manager, Collaboration & Content Sharing Across Users, Tailored Onboarding & Training Program, Firm-wide Excel Model Conversion & Automation, and Consolidated Billing & Account Admin.
GuruFocus, which was founded in 2004 by Charlie Tian, Ph.D., is completely dedicated to value investing. Following the principles of Warren Buffett, GuruFocus, believes the only way to create wealth is by investing for long term and in quality instruments. GuruFocus is the platform which focuses on stock market’s insiders and also tracks 175+ gurus – mostly wealth managers and successful individual investors and CEOs and CFOs of various companies to have an upper hand on the market and information.
GuruFocus provided services such as comprehensive stock screeners, discussion and educational forums for traders, real-time financial news, insider information about when and how CEOs and CFOs are trading shares of their own companies and also about 175+ gurus (well-known investors and fund managers) listed on their sites. GuruFocus have tools such as interactive charts, warning signs, API, real time Guru picks and Portfolios, which help investors to make a firm and solid decision regarding investment heavily influenced by real-time information and data.
Clients are entitled for the 7-days free trail of GuruFocus Premium and PremiumPlus membership.
For individual investor,
- The price of the Premium membership depends on the market for which we want to access to data. US market data costs $449/year, while European and Asian market data costs only $399/year.
For professional investor,
- Professional membership cost $2,245/year for US market data and $1,995/year for Asian and European.
Morningstar offers retail and individual investors with access to news, research, and stock, bond, and mutual fund analysis through its Morningstar Premium subscription product. Unlike other platforms, Morningstar premium does not rely on complex charts and vague technical analysis, but focuses on fundamental analysis. Fundamental Analysis is the art of evaluating the intrinsic value of a stock to find long-term investing opportunities. Morningstar Premium is best suited to investors who prefer investing based on fundamentals.
Morningstar Premium starts with a 14-day free trial, after which the service costs $29.95 per month or $199 per year.
Here are some features of a Morningstar Premium subscription
- Portfolio X-ray
- Fund screeners
- Portfolio manager
- Investment planning
- Personal Capital advisor
- Rating list
- Premium articles
S&P Capital IQ
S&P Capital IQ is the research department of Standard & Poor’s. Since Capital IQ was acquired by Standard & Poor’s in 2004, the company has grown into a global profile, with operations in more than 20 countries. Capital IQ provides financial news, market insights, company performance on more than 65,000 public and 15 million private companies.
Capital IQ’s features include the following:
- Deep company and industry research
- Monitor companies and markets
- Identify and leverage key relationships
- Build and maintain models and presentation
- Commodities and futures, macroeconomic, pricing and exchange data
Capital IQ pricing starts at $13,000 per user per year with a minimum of 3 users and drops to as low as $7,500 per user per year for larger numbers of users. However, pricing can go up significantly with added features. It’s one of the most comprehensive and perhaps one of the best stock research tools in the list, provided one has a budget for it.
Founded in 2014, Finbox.io is a toolkit that focuses on supplying fundamental and quantitative analysis of stocks. The platform serves as a stock market portfolio research and management instrument to help traders improve their investing skills.
The uniqueness of Finbox is its interface, comfortable and easy to use; and also, the platform is highly analytic, with financial model templates and the FNBX function for creating custom financial models. The FNBX function helps traders who wants to build their own financial model. The platform makes it easy to download all the recent filings and offers an overview of al stocks within portfolio that can be sorted by various fundamental criteria; and all the data can also be quickly exported to Excel with predetermined Finbox’s templates.
Finbox provides services
- stock screener
- Idea (It works together with your watchlist to have all of your investment opportunities and plans at hand. Here you can create new stock trading ideas and find portfolios through the search bar)
- Data explorer, huge range of fundamental data available for stocks
- API that lets developers have access on the information that goes in and out of financial models and charts, allowing them to customize the models according to their own need.
- Classroom – Here users can access a variety of educational videos on topics such as financial accounting, valuation and accounting practice.
Finbox.io provide 10-days free trail for $1.
Finbox.io pricing starts at $20/month, billed annually for U.S. market data only; and $66/month, billed annual for global markets.
If you don’t want to commit to annual plan, Finbox.io also provide monthly plans for $39 and quarterly subscription plan for $90 and $240 for annual plan.
Koyfin was started in 2016 by two former Wall Street veterans who were frustrated with the professional tools available to investors without access to Bloomberg or another high-priced platform.
Currently Koyfin is free to use with no hidden charge or selling personal data to third parties or advertisers. However, In the future, they plan to have a free tier and paid tiers which will have expanded data and functionality, which was anticipated to release in the second half of 2020.
Koyfin is extremely customizable. All dashboards are accessed through tabs, making it easy to use Koyfin across multiple screens.
Koyfin provides features such as
- Macro and personal Dashboards
- Market overviews
- Charting and analysis
- Koyfin customization and layout
Stockopedia was launched in 2010, has now attracted more than 10,000 subscribers to their service. Stockopedia is a stock rating and portfolio analysis service that helps improve the odds of success for individual investors.
Stockopedia provides services such as
- StockRanksTM, only stock-rating system in the world with a design based on the principles of factor investing
- predefined stock screening
- Build-your-own stock screens
- Portfolio tracking and watchlists
- Stock reports
- eBooks, Forums, stockopedia customization and layout
With 14-days free trail, Stockopedia have different price range depending of the region you select.
Here is the price list of different regions
- United Kingdom – $15/month and $75/year
- Europe (29+ countries including UK) and Developed Asia (5 Asia-Pacific nations) – $55/month and $400/year
- Australasia, United States and Canada – $25/month and $150/year
- India – $30/month and $300/year
Business Quant (that’s us) is a US-focused investment research platform. It provides tools and datasets to take a deep dive into a listed stock’s performance and valuations. We like to think it’s one of the best stock research tools when it comes to looking at granular data.
The platform hosts features such as:
- A comprehensive stock screener
- Industry Data (eg. market share, shipments by vendor)
- Sector benchmarking on user-selectable GAAP financial parameters
- Key Performance Indicator Data (eg. subscriber adds, restaurant additions, shipments etc.)
- 150+ financial items and ratios
- Financial statements dating back 20 years
- Option to Export underlying data
- Visualization tools
Our team of analysts goes through 10Qs, 10Ks, press releases, investor presentations and other company documents to extract and analyze company disclosure data. This includes items such as smartphone shipments, subscriber additions, restaurant count and a number of other non-standardized items that companies report. This way, you never have to dig through SEC filings, investor decks, client presentation and companies reports, and maintain a database of your own. Countless hours saved!
- The basic plan is free of cost, which is more like an introduction to the Business Quant services; this plan provides access to basic datasets. Take a free trial.
- The Pro plan is priced at $59/month and $39/month billed annually, and the Enterprise plan, which is priced at $149/month and $99/year billed annually.
MarketXLS makes it easier for you to turn your Excel skills and Market knowledge into Profit; Stocks, ETFs, Options & Mutual Funds – affordable Data all in one place. MarketXLS is a stock research extension tool for spreadsheets. MarketXLS allows you to screen stocks based on cash flow ratios, balance sheet items, profitability, gross margin, and even more things including return by period. MarketXLS is great tool for Pattern Recognition scans, in-depth data analytics, back-testing and statistics. MarketXLS is best suited for data junkies.
MarketXLS have features such as following, which caters to everyone:
- portfolio management, tracking, monitoring and evaluation
- Technical indicators
- Enables in-depth data analytics, back-testing and statistics
- Social media and market news
- five-days/24-hour customer support
MarketXLS provides 7-days free trails and comes with four different versions of subscription,
- Pro, priced at $420/year, Pro Plus priced at $680/year, Pro Plus RT priced at $940/year and Premium priced at $1680/year.
Refinitiv Eikon, launched in 2010, is a set of software products provided by Refinitiv for financial professionals to monitor and analyse financial information. It provides access to real time market data, news, fundamental data, analytics, trading and messaging tools.
It’s an open platform so clients can build and plug into a wide array of APIs and apps to get the information they need, when and how they need it.
A fully loaded Reuters Eikon terminal costs $1,800 per month.
On average Reuters users stay with a setup costing around $800 and it starts at $300 for the bare bones version
Benzinga Pro , founded in 2010, with mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday. Benzinga provides real-time news for fast pace traders who need access to the right information at right time. Benzinga Pro is a news-based platform with various services such as screeners and stock research.Some of the Benzinga Pro features are ;
- News feed
- Corporate calendar
- Company statistics
- News Desk gives you personal access to a team of analysts
- Benzinga has the ability to get exclusive stories to their established brand in financial news
- Option alerts and penny stocks
There are two subscription plans available: Benzinga Pro Basic costs $99/month paid monthly or $79/month billed annually.
Benzinga Pro Essential costs $177/month billed monthly and $117/month billed annually.
Long before computer and internet went mainstream, Bloomberg Terminal, in 1981, was changing the world by providing real-time financial news to the market participants. Bloomberg terminal is a multi-functional stock research tool where you can access news, data, analytical tools, manage portfolio, conduct research, customize information in a most convenient way.
Bloomberg has data on more than 5 million bonds, equities, commodities, currencies, and funds. Bloomberg Terminal features includes:
- Data Visualization
- Research and Financial Analysis
- Risk Analysis
- Document Annotation
- Alerts and Monitoring, Market Information and Market News
- Trading solutions
- Disaster Recovery services
- Biometric authentication
Bloomberg is now charging $24,000 a year for a single terminal subscription.
Which Stock Research Tool is for you?
Most of the stock research tools listed on this page have a diverse set of features and datasets that may not overlap with the others in a given price-band. So, a good way to pick the best stock research tool for you would be to start with a budget and create a list of features that you want for your research workflow. At this point, taking trials would give you a good indication of which stock research tool fits your criteria the best. I personally believe that this is a better assessment approach than outrightly declaring a winner or a loser from the list. Good Luck!
What do you think is the Best Stock Research Tool for you?
If you think we’ve missed out a stock research tool, drop in a comment below and let us know.