5 Resources to Help You Research Stocks

As a beginner, it can be pretty hard to figure out how to research stocks. With so many information sources providing information on stocks, you can be intimidated by information overload. That’s why I decided to put together this post showing some of the great sources you can use to research stocks!

*For a full list of resources we use for investing purposes, please check out our Resources page.

1. Google Finance

Google Finance is my first stop when I research a stock. This is where I do my quick scan of the ratios and metrics that let me know, at eye level, if it is worth doing more research. For a cheat sheet on those metrics, check the bottom of this post!

What I like about Google Finance is its user-friendliness. When I was first starting, I had no idea how to research stocks. I knew I had to find the P/E, but didn’t know where to look!

Thankfully, Google Finance, puts many things on the front page, such as EPS and P/E. In addition, you can get the last few years of financial information through the financials tab!

2. Morningstar Financial

Morningstar is my next stop once a stock passes my eye test. This is where things can start heating up. Morningstar provides the last ten years of financial information, which is exceptional.

With this much information, you can start using valuations to calculate the intrinsic value of a company. Plus, Morningstar breaks down a ton of the key ratios so you don’t have to!

3. SEDAR

Sedar is not user-friendly, but it is probably your most powerful tool. Here, you can start combing through a company’s actual financial statements and reports.

I use Sedar primarily to see if there are any accounting shenanigans going on. Likewise, you can read about compensation plans and the CEO’s plans for the company. These are important steps to take if you research stocks.

It’s going to take some time to use Sedar correctly, as you have to download individual statements by year. However, the amount of information you can glean from these statements is incredibly valuable! Any value investor must properly do their due diligence when investing in a stock, and Sedar helps you accomplish that.

4. Yahoo Finance

Personally, I don’t actually use Yahoo Finance. However, for those that don’t enjoy Google Finance, they usually enjoy Yahoo. Yahoo is similar to Google in that it provides all of the basic, recent information and numbers that you need.

One thing I do like about Yahoo is that they recently upgrade their site to be more user-friendly. Now, you can glean a ton of information when you research stocks! A bunch of statistics that help you value the stock and avoid value traps are available now.

5. Bloomberg

Bloomberg is a great source for business news. If you see a stock price jump significantly in either direction, you can usually check Bloomberg to find an explanation.

For value investors, we look for underpriced stocks. When the market overreacts to some bad news we can see a buying opportunity. That’s why checking in on the news is important! Use Bloomberg to help you determine whether you have a buying opportunity or whether you should stay away.

The five resources in the blog post should help you get started to research stocks. Whether you are looking at financial numbers, ratios, or news, these resources should be able to get you started.

If you’re interested in a cheat sheet that helps you quickly determine what stocks are worth your time, sign up to our Insider’s List below!

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Subscribe now and receive a free "eye-level" cheat sheet tool to help you value stocks at a glance! Whenever I value a stock, I have this cheat sheet handy so I can see if a stock checks off enough boxes to be worthwhile for further analysis!

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