Morningstar — This large investment research organization provides information on a variety of assets, including stocks, bonds, mutual funds, and ETFs. Morningstar offers many stock picks for its free users, but even more content for its Morningstar Premium members. When you sign up, you get access to in-depth research on hundreds of thousands of securities, as well as a list of the best stocks. Unlike other stock-picking services, Morningstar doesn’t give you a tailored list of stocks to add to your portfolio. Instead, it provides in-depth research on many stocks, as well as the tools to track your portfolio. Morningstar offers a 14-day free trial. After that, you’ll pay $29.95 for a monthly subscription, $199 for an annual subscription, $349 for a two-year membership, and $449 for a three-year membership.
Category: 2. Best free stock screeners
Stock screeners are tools that allow you to input a specific set of criteria to create a list of qualifying stocks. From there, you can do an individual stock analysis to decide which should go on your buy list.
#1. Motley Fool
Motley Fool — Founded in 1993, The Motley Fool is an investment education website that provides a variety of free and paid content. Its primary service is the Motley Fool Stock Advisor, which provides stock picks. According to the company’s website, Stock Advisor has 4X’ed the S&P 500 over the past two decades. When you sign up, you’ll get two stock recommendations per month, ongoing sell notices, and monthly Best Buys Now. You’ll also have access to a library of stock research. Motley Fool’s Stock Advisor has a price tag of $39 per month or $99 per year.
Stock picking services are services designed to help investors choose the best stocks for their portfolio. They come in a variety of forms, each with its pros and cons. Some stock picking services are curated and quite expensive. Others are more automated and come in at a lower cost. Some are even free.
It is easy to find expensive, paid stock picking services. Some popular paid programs include Dow Theory, Jason Bond Picks, and Jim Cramer’s Action Alerts Plus from The Street. These services all employ human investment professionals who analyze and report to members which stocks they recommend. These services are a great way to learn about the stock market. But not everyone wants to pay for investment advice.
Free stock picking services are generally not as high quality as paid ones. (Sometimes you get what you pay for.) But they can still help you screen through the noisy markets to choose the right investments for your portfolio.
Who doesn’t want to be the person who hit it right on a hot stock and made big money? If you’re:
- Interested in investing in individual stocks
- Trust your ability to analyze
- Understand what you buy and beat the market
You may want a stock picking service to help you narrow down from the list of thousands of possible stocks to the few you may want to buy.
This guide explains the pros and cons of some top-paid and free stock picking services. Read on to learn more about which free stock picking service may best meet your needs.