Several new stock research platforms have launched in the last few years. Although most platforms differ in terms of data coverage, geographical coverage, and available tools, the age-old problem remains — interpreting the data provided by the companies and deciding which one is the best suitable for investors. 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.
Ycharts was founded back in 2009, and since then, it’s well known for providing an extensive range of data points. They claim to have over 4000 clients who collectively oversee more than $750 billion in assets.
Ycharts provides 7-day free trial for their services,
The standard package includes access to the following :
Professional and Enterprise packages allow for the user to have access to features such as Charts, Excel Add-In, 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.
That’s us! Business Quant provides financial data, segment financials, KPI data, and powerful analytical tools to help investors research stocks and understand industry trends. We like to think that Business Quant is one of the best stock research tools for making informed investment decisions.
With Business Quant, you can access powerful features such as:
Our team of analysts goes through company filings, press releases, investor presentations, and other company documents to compile segment financials, non-GAAP metrics and key performance indicators. This way, you never have to dig through boring company documents and maintain a database of your own. Countless hours saved!
GuruFocus is another comprehensive stock research platform dedicated to value investing. It was founded in 2004, and it follows the principles of Warren Buffett. They believe the most effective way to create wealth is by investing 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 a range of financial statements, business and valuation ratios. Plus, GuruFocus sports interactive charts, warning signs and data APIs to help investors to make informed investment decisions.
Clients are entitled to 7-day free trials of GuruFocus Premium and PremiumPlus memberships.
For individual investors:
For professional investors:
Morningstar offers retail and individual investors 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 well 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
S&P Capital IQ is the research division of Standard & Poor. Ever since Capital IQ was acquired by Standard & Poor 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 on more than 65,000 public and 15 million private companies across the globe.
Capital IQ’s feature set includes the following:
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 add-ons that can quickly inflate the overall 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.
Finbox.com was founded in 2014. It provides fundamental and financial data for 6 major global markets, including the U.S. The platform serves as a stock market portfolio research and management instrument to help traders improve their investing skills.
What makes Finbox different is it’s financial modelling functionality. 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:
Finbox provides a 10-day free trial for $1.
Its pricing starts at $20/month, billed annually for U.S. market data only; and $66/month when billed annually for global markets.
If you don’t want to commit to an annual plan, Finbox.com also provides monthly plans for $39 and a quarterly plan for $90.
Koyfin was started in 2016 by two former Wall Street veterans. Its plans start from $15/month and go all the way up to $70/month.
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:
Stockopedia was launched in 2010. It’s now attracted more than 10,000 subscribers to its platform. The platform provides automated stock ratings and portfolio analysis.
Stockopedia provides services such as
Stockopedia’s has region-specific pricing:
MarketXLS was founded in 2015. It’s an 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: US, Canada, Australia, Germany and UK.
MarketXLS sports a feature set such as:
MarketXLS provides a 7-days free trail and comes with four different versions of subscription,
Refinitiv Eikon, launched in 2010, is a full-blown trading and research terminal like Bloomberg and S&P Capital IQ. The platform provides 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.
Benzinga Pro is a news-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:
The platform has two subscription plans available:
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 portfolios, 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 include:
Bloomberg costs $24,000 per user per year and is apt for institutional investors.
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 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.
If you think we’ve missed out on a stock research tool, do let us know.
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