The post Best Stock Scanners and Screeners by Sarah Horvath appeared first on Benzinga. Visit Benzinga to get more great content like this.
What is a stock screener app? The New York Stock Exchange has 10 markets and is home to over 2,400 companies, each issuing its own shares of stock. On the NASDAQ, you’ll find even more listings, with 3,800 corporations offering shares of stock. That’s why it’s important to find the best stock scanners.
You might be wondering how anyone decides which stocks to buy or sell and how traders find new purchase opportunities. The answer to both of these questions is often a stock screener.
A stock screener is a tool used by traders to identify stocks that match a certain set of criteria. For example, you can use stock scanners to filter stocks by industry, price, the average number of shares that change hands during a day and more. Stock screeners are an essential tool for the beginner trader — especially if you’re getting ready to try day trading or swing trading and you aren’t sure which assets to buy and sell.
You need stock scanners, and a few of Benzinga’s favorites are listed for your review.
Quick Look at the Best Stock Scanners and Screener Software:
- Best for Revenue Announcements: Benzinga Pro
- Best for Risk Managers: Seasonax
- Best for Long Term Investors: Magnifi
- Best for Active Traders: Trade Ideas
- Best for GlobalAnalyst: Interactive Brokers
- Best for Desktop: TradeZero
- Best for User Experience: Ziggma
- Best for Swing Traders: The Impeccable Stock Software
- Best for Professional Investors: Stock Rover
- Best for Charts: Trading View
Contents
Best Stock Scanners for all Market Conditions
If you’re planning on taking advantage of the current market volatility, stock scanner apps can be an essential tool. Let’s take a look at some of our favorite stock screeners for traders of all skill levels.
1. Benzinga Pro
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If you’re looking for a one-stop shop for all the information needed to buy and sell stocks, look no further than Benzinga Pro. The comprehensive, all-in-one platform provides you with real-time charting and a massive range of indicators, screening criteria and alert options. Active traders, in particular, will love Benzinga Pro’s full calendar suite, which includes information on upcoming earnings reports, revenue announcements and other events.
Benzinga News supplies headlines as they happen. It’s impossible to read up on current events, review your portfolio and track stocks at the same time. In Benzinga Pro, the news feed updates with a yellow flash on your screen, revealing news that just broke within the last few moments.
Benzinga Wire headlines tell you everything you need to know, the updates occur sometimes seconds apart and you never miss market movement that could affect your bottom line.
With the news in mind, one of Benzinga Pro’s most unique features is Audio Squawk, which allows you to save time and screen space as the site reads you the day’s key headlines. With a wide range of unique features and a ton of useful tools, Benzinga Pro is the top analysis platform for serious traders. Think of this as the best stock screener app when you want to read between the lines.
| Price | $99 to $147 per month, depending on package and billing frequency |
| Real-time Scanner | Included |
| Mobile App Capability | Yes; Free app for Apple devices |
| Alert Feature | Included |
| Offers Trial | 14-day free trial |
2. Seasonax
Seasonal investing is an age-old investment strategy that leverages historical data to try to predict how certain stocks or sectors will perform over a specific period. By leveraging readily available historical trends and performance data, investors can quickly identify and try to catch the next big trend.
Seasonal investing can potentially return a year’s profit from a traditional investing strategy in under 20 days. It is an effective strategy that can outperform most other popular investment strategies, especially for multi-asset portfolios as shown by a comprehensive scientific study encompassing 200+ years and 68 markets. However, timing the market is vital for optimal return on investment (ROI). Without a distinct daily seasonal chart, traders may not accurately depict historical market changes, leading to losses over time. That’s where Seasonax comes into play.
Founded by Christoph Zenk and Dimitri Speck in March 2014, Seasonax is a seasonality trading analytics company headquartered in Vienna, Austria. The tool helps traders and investors identify and evaluate the seasonal trends of various tradable assets to maximize returns. It provides empirical facts drawn from up to 200 years of historical seasonal charts and trade data. By offering data-driven insights into optimal buy and sell timeframes for individual assets, the company allows investors to benefit from seasonality.
Seasonax delivers its services via a highly intuitive and robust web application that is highly versatile and easy to use across various browsers (Windows, Android and iOS). It incorporates features like data visualization, data import and export, scheduling, a screener feature and much more, which makes it easy for users to optimize investments. The company’s innovative service offerings and efficient delivery across the board position it as a significant trading analytic company. However, the company’s subscription services are relatively pricey.
Best For
- Risk managers
- Fund managers
- Hedge fund managers
- Private investors
- Access to seasonal trading signals for more than 20,000 instruments
- Versatile and easy to use
- Comprehensive seasonal charts with up to 125 years of accurate historical data
- Highly customizable
- Educational and research materials (free bi-weekly newsletters, video tutorials, and more)
- Subscription fees
- No API
- No mobile apps
Seasonal investing is an oft-overlooked technique that can bring diversity, vitality and value to your portfolio. However, it can be difficult to leverage all that data to determine when and if stocks or assets will rise or fall in value.
With Seasonax, you get:
- Access to seasonal trading signals for around 20,000 assets
- An easy-to-use dashboard
- Seasonal charts going back 125 years
- Customizable tools
- Newsletters, video tutorials
- Advanced filtering
- Detailed statistics
- Seasonality screener and more
After a 3-day trial, the subscription sits at just under $50 per month, allowing you access to all the data you need to become a seasonal trader and add layers of insight to your investment portfolio and overall net worth.
3. Magnifi
Magnifi is an intelligently designed marketplace that allows investors to access data-backed information about various investment opportunities. The company combines standard brokerage tools with artificial intelligence (AI) to promote financial competence. Magnifi distinguishes itself from the crowd by offering an AI-powered search feature and an AI-powered investment assistant. Magnifi offers a technology-forward platform that aims to promote confident and capable long-term financial investments.
Best For
- Long-term investors
- Individuals interested in personalized assistance
- New investors that are eager to learn how to start investing
- Access to an AI-powered investing assistant with a Magnifi Personal account
- Commission-free investing
- Over 15,000 possible investments
- Available mobile application
- Limited methods of communication with customer service
Magnifi is a marketplace that allows you, as the investor, to use common brokerage tools and AI to make the best decisions for your portfolio. Because you can pull up all the information you need on a given asset, you can easily invest in the assets that will give you the results you deserve and better match your strategy.
Search for the investment options that meet your needs, invest in specific categories or scan for assets in a price range that’s affordable for you.
Best for long-term investors and those who require a bit of client support, you can also learn more about investing from this platform, utilize the AI-powered investing assistant, enjoy commission-free investing, try the mobile app and take advantage of over 15,000 possible investment options. This makes Magnifi a good place to trade for both seasoned and novice traders.
4. Trade Ideas
Trade Ideas enables its subscribers to make better market decisions in the US exchanges with access to risk management targets to get in and out of a trade. The company sharpens trading decisions by combining simulated trading with artificial intelligence (AI) to model, test, and optimize trading strategies and decisions. Trade Ideas distinguishes itself from the crowd by offering connections to multiple brokers as an alternative to legacy tools and platforms. Trade Ideas offers a continuously innovating decision support platform that saves time and promotes confident and consistent intra-day and swing trading decisions.
Best For
- Intraday and swing traders
- Active traders
- Real-time scans
- Innovative visualizations
- High quality simulated trading
- No mobile app
- May be easy to get lost for some users
Trade Ideas’ mission for over 19 years is to enable our subscribers to make better decisions in the US equity markets. Thanks to innovative visualizations in the tool and on custom charts, active traders save time understanding the risk management plan of getting into each idea – and how to get out, if needed.
Ideas are sourced from optimized algorithms that combine technical and fundamental market data in ever-evolving combinations that spot opportunities in the constantly changing markets. Active traders using Trade Ideas consistently spot opportunities in places no one else is looking, ahead of others.
Best for active investors and combined with the best support team in the industry, subscribers can simulate trading to understand the impact the technology will have on their decisions at no-risk. Additionally, subscribers can backtest their own strategies, or utilize the AI-powered trading assistant, Holly, to connect to a growing list of brokers to execute trades directly from the platform or connect Trade Ideas to any platform to pass stock symbols from one tool to another. This makes Trade Ideas an ideal place to make decisions for all kinds of traders intent on continually learning and committed to getting better.
5. IBKR GlobalAnalyst
This latest groundbreaking technology is IBKR GlobalAnalyst, a new trading tool that helps investors compare the rate of PEG or price-earnings growth valuations and provide more immediate and comprehensive financial metrics of stocks, globally.
Recognizing that stock selection can be challenging for investors to compare the valuations of domestic and international stocks, Interactive Brokers created GlobalAnalyst to offer investors a simple, yet powerful tool to easily evaluate investment opportunities around the world.
Using GlobalAnalyst, investors can search for stocks by region, country, industry, market capitalization and currency to uncover undervalued stocks worldwide. The resulting table displays the current market and financial metrics, including the PEG Ratio. The PEG Ratio is the PE ratio divided by the three-year compound earnings growth rate, and smaller PEG Ratios typically indicate undervalued companies.
Best For
- Price earnings growth valuations
- Easily evaluate investment opportunities
Interactive Brokers bills the IBKR GlobalAnalyst as a “powerful yet simple tool” you can use to do your due diligence on corporate valuations. In short, you can use GlobalAnalyst to find undervalued stocks around the world
With IBKR GlobalAnalyst, you can review 135 global markets free of charge.
Search by region, country or industry, using filters for asset class, market cap, industry and 1 of 27 currencies. As you find undervalued stocks, you can invest for value—a method used by captains of industry like Warren Buffett—while also diversifying your investments.
6. TradeZero
TradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.
Best For
- Traders seeking high transparency and mobility in a stock trading program
- Those attracted to commission-free trades
- Those seeking a free version of a high-quality trading program
- 24/7 live customer support
- Uses ZeroWeb technology, a powerful level 2 online platform with direct market access
- Mobile app allows users to access stocks and trade in real-time while on the go
- Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)
- Mobile app could offer more features
Many traders are mobile, but they also have time to sit down at a desktop every day. As a result, they require functionality on both devices. TradeZero has a free app, but it also offers a powerful desktop app that you can use to check your portfolio, buy, sell and/or trade.
Download the mobile app for free or go to your desktop, register for an account and start trading for free. Any trades that require a commission are very affordable, and there’s 24/7 customer support if you have questions. Plus, there are free limit orders, 6:1 leverage and powerful technical analysis tools.
7. Ziggma
Ziggma was founded in 2020 with the mission to take the complexity out of portfolio tracking and optimization. The platform fills a gap left by brokers when it comes to portfolio management tools and features. With over 20 years of experience at leading Wall Street firms, its founders have also built a cutting-edge stock research platform making Ziggma a great resource to invest better.
Best For
Take a look at Ziggma’s stock screener for a best-in-class user experience by signing up for a free account. The screening process is extremely effective. Search parameters are set on sliding scales without the need for manual entry, while search results are updated continuously.
Once you have a list of companies that fit your selection criteria, use the quick views to get an initial idea of a company thanks to a short profile, key performance indicators and mini charts illustrating the price trend. Ziggma is the sole platform that lets you screen for stocks by climate impact.
Then add the company to your portfolio or dig deeper with Ziggma’s Company Profiles comprising professional-grade financial data.
Developed by seasoned Wall Street analysts, Ziggma’s proprietary stock research is available for yet more effective screening under a premium subscription.
While the free version already gives you a great screening experience, at only $9.90/month ($89/year) you get access to Ziggma’s proprietary stock scoring with sub-scores for valuation, growth, profitability and financial position for more effective screening. With a premium subscription, you also benefit from a suite of pre-configured screens by Ziggma’s experienced analyst team.
| Price | The Screener and many features are free. Premium priced at $9.90/month; 25% off on annual membership at $89 |
| Real-time Scanner | Yes |
| Mobile App Capability | NA |
| Alert Feature | Yes |
| Offers | Give user feedback and get 3 months at $1/month |
8. The Impeccable Stock Software
The Impeccable Stock Software is a stock picking service with a focus on swing trading. The service separates itself from the pack by offering a variety of features for a very affordable price. Many stock picking services charge hundreds or even thousands of dollars per month for their alerts, but the Impeccable Stock Software offers its full suite of services for less than $100. The site is geared toward novice traders and there’s a trove of tutorials and trials for potential clients to get their feet wet. However, beginners aren’t the only ones who can find utility from the tools offered here.
Best For
- Swing traders
- Novice investors
- Traders looking for actionable information
- More affordable than competitors
- Precise information and profit goals
- Diverse community
- Only for certain types of traders
The Impeccable Stock Software is a stock picking service with a focus on swing trading. The service separates itself from the pack by offering a variety of features for a very affordable price. Many stock picking services charge hundreds or even thousands of dollars per month for their alerts, but the Impeccable Stock Software offers its full suite of services for less than $100. The site is geared toward novice traders and there’s a trove of tutorials and trials for potential clients to get their feet wet. However, beginners aren’t the only ones who can find utility from the tools offered here.
The Impeccable Stock Software offers 3 service tiers, each with an affordable price point considering the features included. Here’s a breakdown of the pricing:
- Basic ($27 per month)
- Premium ($47 per month)
- Pro ($97 per month)
9. Stock Rover
Stock Rover is a comprehensive stock analysis and screening tool that gives investors access to high-quality research tools, educational content, expert analysis and more. Stock Rover goes well beyond standard analysis tools, offering account holders 1 of the most comprehensive sets of screening criteria and research qualifications that we’ve seen. For example, users can filter investment opportunities using over 650 metrics with Premium Plus access.
Stock Rover offers 4 different plan tiers, which can become confusing for new investors who aren’t exactly sure which tools they’ll use. However, free accounts offer a wide range of functionality that gives users a better feel for Stock Rover’s setup, along with a free trial of Premium Plus functionality. Getting started with a Stock Rover account is also exceptionally easy — we were able to open our free account in under 60 seconds.
Best For
- Professional investors who need high-quality analysis and research tools
- Visual learners who benefit from seeing data laid out using charts and graphs
- Anyone searching for the widest array of screening metrics
- Incredibly comprehensive range of investment analysis tools
- Over 650 screening criteria included on Premium Plus plans
- Simple account opening and brokerage account linking
- Free accounts available
- Wide variety of plan options that can be more confusing for new investors
Stock Rover, a powerful investment research and analysis tool, offers screening capabilities to find and rank stocks, compare investment options, dive into research reports and view performance metrics accurate to the minute.
Stock Rover’s charts go beyond the industry standard and you can even chart fundamental metrics. If a screener app can give you this much functionality, it’s worth a look.
You can choose over 650 different selectable metrics, and many involve years of historical data in its Stock Entry Level Plan. Bump up to the premium package and you’ll find even more value, including 300+ additional metrics. Scanning through a company’s quarterly financial reports is a thing of the past with Stock Rover.
10. TradingView
TradingView is a powerful stock screener, charting platform and research powerhouse providing a massive range of tools investors can use to learn more about the markets. Some of TradingView’s most impressive features include its fully operational mobile app, wide range of screening criteria, custom script incorporation and much more.
In addition to charting and research tools, TradingView also offers a wide range of educational tools. View news feeds associated with each asset, read articles, view real-time market data and even watch livestreams with professional traders to improve your skills. Paper trading accounts are also available to help you master TradingView’s wide selection of tools.
Although TradingView’s content can be overwhelming for newer traders and investors, the platform remains among the most impressive research hubs on the internet.
Best For
- Professional investors
- Investors with programming experience
- Traders who need minute-by-minute updates
- Impressive selection of research tools
- Comprehensive stock screening
- Free accounts available
- Wide selection of engaging educational resources
- Customer service choices not all-inclusive
- Higher-tier plans out of some investors’ budgets
- Certain areas of the website poorly organized
If you’re looking for an expanded range of features with a simple design and layout, consider TradingView. TradingView offers a few different plan options, and there’s a free option if you’re only interested in testing out the features. TradingView allows you to view real-time streaming quotes on its paid accounts, and you can screen stocks using a wide range of fundamental and technical criteria.
Creating watchlists with TradingView is a breeze — you can create as many custom watchlists as you need. Stock screener apps should be easy to manipulate so that they adapt to your current needs. You won’t trade the same way every day for years to come. However, your screener app can move with you so that you never get lost in the weeds and forget what sorts of stocks you’re watching.
If you trade forex or cryptocurrencies with stocks, for example, TradingView offers custom screeners for these assets. Combining a smooth design with powerful tools, TradingView is our top choice for the intermediate trader.
| Price | Free to $59.95 per month, depending on account type |
| Real-Time Scanner | Included on paid packages |
| Mobile App Capability | Free app for Apple and Android platforms |
| Alert Feature | Yes |
| Offers | 30-day free trial |
Biggest Stock Gainers and Losers Right Now
Getting ready to dive into a new trading day? Before you open up your trading software and make your 1st trade of the day, check out our list of the top-moving stocks making waves on the market today. Stock screener apps give you your first taste of what’s moving the market, and they look something like this.
Use Your Stock Screener Effectively
The right stock scanners can greatly enhance your trading and help you identify more profitable trading opportunities. Decide which stocks you want to screen, how the news should impact your decision-making and when to ultimately buy or sell.
However, your screener is just one of the research tools you’ll need to stay on top of the market’s movements. Nothing can compare to your own research, using the stock screener as a jumping off point. Digging into a stock, finding what makes it tick and investing at the appropriate level requires time and patience. Think of the stock screener, then, as your muse — your well-informed muse with tons of features.
Be sure that you’ve got a grasp on your trading fundamentals, a brokerage account that works with your needs and skill level and a great source for daily market news before you trade.
Frequently Asked Questions
How do stock screeners work?
Stock screeners let you answer a series of questions about your preferences. Good screeners let you search any metric or set of criteria you’re looking for. When you submit your requirements, you get a list of stocks that meet your goals.
However, you must know which set of criteria you want to use. Screeners offer a lot of flexibility and options can’t do much for you if you don’t know what you want or need.
Should I still do my own research?
Yes! Ultimately, stock screeners make life easier but it’s still necessary to do your own research.
Use the stock screener results as a starting point — not the final verdict. Read about any legal or economic impact issues that could affect individual companies, because a screener won’t be able to know about every single factor that affects a company’s stock prices.
What are the best stock scanners?
Benzinga offers a list of the best stock scanners above.
The post Best Stock Scanners and Screeners by Sarah Horvath appeared first on Benzinga. Visit Benzinga to get more great content like this.
