12 Best Stock Research Tools for 2021

Stock Research Tool
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12 Best Stock Research Tools for 2021

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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.

Stock Research Tool

12 Best Stock Research Tools for 2021:

  1. Ycharts
  2. Gurufocus
  3. Morningstar Premium
  4. S&P Capital IQ
  5. Finbox
  6. Koyfin
  7. Stockopedia
  8. Business Quant
  9. MarketXLS
  10. Thomson Reuters Eikon
  11. Benzinga Pro
  12. Bloomberg

 

Looking at Stock Research Tools

  1. Ycharts

Ycharts was founded in 2009 with core mission to visualize and simplify various financial and industry metric. Ycharts has created a platform to simplify the complex financial topics using visuals and make it easier for clients to make smarter investment decisions and save significant time. 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.

 

Ycharts

 

 

  1. GuruFocus

GuruFocus is another extensive stock research platform dedicated to value investing. It was founded in 2004 and follows the principles of Warren Buffett. They believe the most effective way to create wealth is by investing for long term and in quality instruments. GuruFocus provides a range of tools to excel at investment. For starters, it tracks 175+ investment gurus – mostly wealth managers and successful individual investors and CEOs and CFOs of various companies — to provide an upper hand on the market and information.

The platform also hosts vital features such as a comprehensive stock screener, discussion forums for investors, financial news, insider trading information and along with a range of financial statements, business and valuation ratios. Plus, GuruFocus sports interactive charts, warning signs and data APIs, to help investors to make a informed investment decisions.

Clients are entitled for the 7-days free trail of GuruFocus Premium and PremiumPlus membership.

For individual investors:

    • The price of the Premium membership depends on the geographical market. US market data costs $449/year, while European and Asian market data costs only $399/year.

For professional investors:

    • Professional membership cost $2,245/year for US market data and $1,995/year for Asian and European.

 

  1. Morningstar Premium 

Morningstar offers retail and individual investors with access to news, financial data and research on stocks, bonds, ETFs and mutual fund via its Morningstar Premium subscription product. Unlike other platforms, Morningstar premium does not rely on charts and technical analysis, but focuses on fundamental analysis. Morningstar Premium is best suited to investors who prefer investing based on company 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

 

 

  1. S&P Capital IQ

S&P Capital IQ is the research division of Standard & Poor’s. Ever since Capital IQ was acquired by Standard & Poor’s in 2004, the company has expanded operations in more than 20 countries and its research terminals now cover almost all major markets. Capital IQ provides financial news, market insights, financial and pricing data, research reports on ETFs, funds, bonds, and on more than 65,000 public and 15 million private companies across the globe.

Capital IQ’s feature set includes the following:

    • Deep company and industry research,
    • Industry data,
    • Supply chain database,
    • Build and maintain models and presentation
    • Commodities and futures, macroeconomic, pricing and exchange data

Capital IQ’s feature set is best suited for institutional or professional investors, and its pricing starts at $13,000 per user per year with a minimum of 3 users. This pricing drops to as low as $7,500 per user per year for large teams. But that’s just the starting pricing. There are data and feature addons which can inflate the cost. 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.

 

 

  1. Finbox.io

Finbox.io was founded in 2014. Its provides fundamental and financial data for 6 major global markets, including the US. The platform serves as a stock market portfolio research and management instrument to help traders improve their investing skills. The platform also allows for saving

What makes Finbox different is its easy to use interface. Users create their own custom financial model templates, download the recent SEC filings and monitor their returns in a model portfolio.

Finbox’s feature set includes:

    • Stock screener
    • Watchlist
    • Ideas (find other portfolios through the search bar)
    • Custom model templates
    • Financial data for US and 5 other markets
    • Data API
    • Educational classroom

Finbox.io provide 10-days free trail for $1.

Its pricing starts at $20/month, billed annually for U.S. market data only; and $66/month, billed annually for global markets.

If you don’t want to commit to annual plan, Finbox.io also provides monthly plans for $39, quarterly subscription plan for $90 and $240 for annual plan.

 

 

  1. Koyfin

Koyfin was started in 2016 by two former Wall Street veterans. It’s a free to use platform at the time of this writing

The platform provides customizable dashboards and focuses on US markets. It’s similar to a research terminal, except, it’s on the web.

Koyfin’s feature set includes:

    • Macro Dashboards (macroeconomic, FX and commodity data)
    • Financial statements and valuations
    • Charting and graphing
    • User-customizable dashboards
    • Stock pricing data

 

 

 

 

  1. Stockopedia

Stockopedia was launched in 2010. It’s now attracted more than 10,000 subscribers to their service. The platform provides automated stock ratings and portfolio analysis.

Stockopedia provides services such as

    • StockRanks (automated stock ranking)
    • Stock screening
    • Portfolio tracking and watchlists
    • Stock reports
    • Charting and graphing
    • eBooks, Forums, stockopedia customization and layout

Stockopedia’s has region-specific pricing:

    • 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

 

 

  1. Business Quant

    That’s us! Business Quant is a US-focused investment research platform. It provides tools and datasets to take a deep dive into a listed stock’s financial performance, valuations, operating metrics, industry and the sector. We like to think that Business Quant is one of the best stock research tools when it comes to making an informed investment decision.

    Business Quant hosts features such as:

    • Stock Screener
    • Industry Data (eg. market share, shipments by vendor etc.),
    • Sector benchmarking on user-selectable parameters,
    • Stock comparison on user-selectable parameters,
    • Key Performance Indicator Data (eg. subscriber adds, restaurant additions, shipments etc.),
    • 200+ financial items and ratios for thousands for US firms,
    • Financial statements dating back decades,
    • Charting and visualization tools,
    • Option to Export underlying data in CSV and XLSX formats

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, but provides access to limited data.
    • The Pro plan is priced at $59/month and $19/month when billed annually

Here’s a short video that walks us through Business Quant’s features:

 

 

  1. MarketXLS

    MarketXLS  was founded in 2015. It’s an Microsoft Excel-focused investment research platform. It provides financial, fundamental and pricing data on stocks, ETFs, options & mutual funds within Microsoft Excel. Users can also screen stocks based on cash flow ratios, balance sheet items, income statement items along with valuation and business ratios. There are also pattern recognition scans ideal for technical analysts and the option to back-test strategies. MarketXLS is best suited for Excel-oriented investors.

    The platform provides coverage on 6 major markets, which are US, Canada, Australia, Germany and UK.

    MarketXLS sports a feature set such as:

    • Portfolio monitoring,
    • Charts and visualization,
    • Technical indicator scans,
    • Back-testing strategies,
    • Social media and market news,
    • Options data,
    • Watchlists,

MarketXLS provides a 7-days free trail 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.



 

 

  1. Refinitive EIKON

    Refinitiv Eikon, launched in 2010, is a full blown trading and research terminal like Bloomberg and S&P Capital IQ. The platform provides access to real time market data, news, fundamental data, research reports, 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 Reuters Eikon terminal can cost as much as $1,800 per month, or $21,600 per year, depending on the number of addons included in the subscription. There’s an additional $300 to $800 setup fee. The platform is apt for financial and investment professionals, who want monitor and analyze global securities and don’t mind paying $21,600 per user, per year.

Eikon

 

 

  1. Benzinga Pro

    Benzinga Pro is a new-based research platform that was founded in 2010. The platform sets itself apart by providing real-time news for fast pace traders. It also sports other features

    Benzinga Pro’s feature set includes:

      • Real-time news feed
      • Stock screener
      • Corporate earnings and events calendar
      • Charts and visualization tools
      • Financial statements and business ratios
      • 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

The platform has 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.

Benzinga Pro

 

 

  1. Bloomberg Terminal

Bloomberg Terminal was founded 1981 and it’s grown to become one of the most extensive and expensive research terminals across the world. It’s a multi-functional stock research terminal where you can access real-time news, events, analytical tools, view company filings, manage portfolio, conduct research, place trades customize information, access research reports and chat with other Bloomberg terminal users.

Bloomberg has data on more than 5 million bonds, equities, commodities, currencies, and funds across most major markets. Bloomberg Terminal’s features includes:

            • Data Visualization
            • Research and Financial Analysis
            • Charting and Visualization
            • Risk Analysis
            • Real-time news
            • Place orders
            • View and annotate documents
            • Collaborate with other users
            • Set alerts and monitor market news and events
            • Events calendar
            • and more

Bloomberg costs $24,000 per user per year and is apt for institutional investors.

 

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. This is a better assessment approach than outrightly declaring a winner or a loser from the list.

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.

(Image credits: Designed by ijeab / Freepik)

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