Stock Screeners
The best way to determine which stocks to buy is: using online stock screeners. There are a myriad of stock screeners available on the internet. Almost every financial portal will have at least one stock screener: for example, yahoo, google etc.
Some of the stock screeners are paid, and some of them are free. For a beginner like me, I believe a free screener would be a good start.
A typical screener will let you set following parametes:
- Sector/Market
- Stock-related data like: price, dividend, revenue, profit margin, volatility
- Ratios: PE, PS, PB etc
Many sites provide pre-defined screeners, where these parameters are already specified. For example: a site may have defined screeners for Solid Stocks, Large Cap High growth stocks, High Dividend stocks and so on. This makes your life simpler. All you have to do is to pick the screener that suits your investment style and requirements.
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