Hi guys,
We have a great way to find great stocks. Did you know that there are thousands of stocks trading on U.S. exchanges right now? And there are thousands more trading on major foreign exchanges. So there are clearly lots of opportunities out there at any given time but the million-dollar question is: How do you separate the wheat from the chaff?
The answer is:
Stock screeners, which are filtering programs that draw on databases of stored information, allowing you to search for investments based on pre-determined criteria. They’re both extremely useful and fun to play with.
Plenty of websites now offer advanced tools and rich data sources absolutely free of charge. For example, Yahoo! Finance has an interactive stock screener that encompasses more than 150 different criteria. I think it’s very impressive, and worth checking out.
Other sites have quality screeners, too. Zacks Investment Research offers up a custom screener as does Morningstar, which includes the company’s analyst rankings as one of the possible criteria. Morningstar also offers a premium screener, which is available by subscription only.
You should also check to see if your broker offers its own proprietary screening tools. Fidelity provides one to its customers, for example.
Some sites offer a number of pre-defined searches to help get you started. But in my experience, the most interesting (and relevant) results are produced when you select the criteria yourself.
Feel free to experiment and see what you can come up with. And if you’re interested in seeing the results of a dividend-focused stock screen, check out this article!
To your Dividend investing success,
InvestingInDividends.com
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3 responses so far ↓
1 Investing in Stock // May 15, 2008 at 12:23 am
How to select which dividend stock we should invest in ?
2 jacobanton // Jul 4, 2008 at 7:32 pm
looking for high dividend stocks.
3 twatts // Jul 7, 2008 at 11:29 am
If you want high-yield stocks, check out this newsletter:
http://dividendsuperstars.moneyandmarkets.com/benefits , which features lots of great dividend stocks. It also comes with a free report about “three high-yielding stocks that could double your income immediately.”
Nilus
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