Scanning for new stock ideas can often times take up a great deal of your time. However, it doesn’t have to if you know which websites to use. The best free stock screeners are provided by some of the top financial sites in the world. These sites give investors valuable tools that can used to check the quality of stocks.
As the title mentions, this list focuses on scanners investors can use for free. When coming up with the list there were 5 criteria used and they are as follows:
How deep the criteria could be filtered
Selection of technical filters
Selection of fundamental filters
How easy it is to use the site
Based on that criteria, here are the 3 best free stock screeners…
The Google Finance screener is not only visually appealing, but very easy to use. The learning curve is very small and speed is a non issue. However, the one big downfall is the selection of criteria. There are also very few technical features, and only standard fundamental features. You can click on the results to get a quick quote. This feature is also available on Yahoo Finance.
While Market Watch has a very limited selection of both technical and fundamental filters, it does provide users with an easy to use interface. Overall I would say this screener is basic at best. However, the quality of the stock filters is a huge bonus.
If you are looking for advanced functionality, this screener is not for you. On the other hand, if you are looking for a screener that can help you build a targeted watch list, Market Watch will get the job done. It will allow you to create multiple stock scans so you can build your list.
This is one you have probably never heard of. But of all the ones on this list, it is by far the best. FINVIZ.com has a huge selection of criteria you can use to scan stocks. They also have a user friendly interface, and great functionality. As far as filters go, they have a very well established list. And unlike many other screeners, they offer both technical and fundamental filters.
The best part is all results are done on the fly. Inside the interface you can simply hover over the stock of choice and a stock chart will pop up. This is a very useful feature. Due to its depth and quality, I would rank FINVIZ.com as the number one free stock screener for investors to use.