Source : Finviz
When looking for investment ideas and tips, stock screeners are a really great idea.
The best screeners available provide a large array of different information based on unique criteria, such as P/E ratios or 12-month trailing EPS (earnings per share), and allow you to identify potential winners.
But since there are so many of them out there which one should you use?
In this article, we're going to do a finViz review. We'll look at the pros and cons of using FinViz – a widely known technical analysis platform for investors and traders alike.
In this article, we review the pros and cons of using FinViz – a widely known technical analysis platform for investors and traders alike.
- It’s free (ish)
Well, great software becomes even better when it's available to anyone at no cost. Despite having a premium version known as FinViz Elite, available for about $25/month, you probably won't need it because the free version kicks ass. Especially if you are just starting out, it doesn’t make sense to pay for tools and subscriptions on a monthly basis.
- Simple UI
The amazing thing about Finviz is its very user-friendly, yet powerful user interface (UI). The overall functionality is quite impressive. For instance, you can hover over any stock ticker that shows up in your screener and immediately have its stock chart pop up on screen. Cool right?
Everything is set up precisely, filters make it easy to segment the market the way you desire, and the whole screener is designed beautifully. Other screeners can be guilty of horrible design but Finviz definitely stands out. Finally, and most importantly, it is easy and intuitive to use.
3. Depth of offering
Finviz offers a great depth of technical, descriptive and fundamental information on stocks. It also offers great heat maps and insider trading feeds and displays search results very quickly and in a stable manner. News items, on the other hand, are sourced from very reputable media outlets such as MarketWatch, Bloomberg, NBC and much more. FinViz also has a blog that collates information from sources including Zero Hedge, Ritholtz, Seeking Alpha and Vantage Point.
One really interesting feature Finviz offers is backtesting. Backtesting is when one tests a trading strategy on historical data to figure out whether or not the strategy would be successful. It is an important instrument in any budding investor's toolkit and the fact that Finviz offers it is very exciting.
4. Insider Sales Tracking
When insiders of a company start dumping stock or buying up stock it is a good idea to not be on the opposite side of that trade. Finviz provides info on insider trading so that you are not left behind. This is a fantastic feature.
Freebies come with some very common problems and such include video ads. The free version of Finviz displays video ads which can be a little annoying if you are not comfortable viewing random ads from advertisers.
- Freemium model
Some of the coolest features are not available for free. Finviz uses a freemium model, so they offer the basic screener for free and ask you to pay for all the juicier stuff. If you were excited about backtesting then you will be saddened to hear that this feature is saved for paying customers. Other paid features include real-time stock quotes, advanced charting and email alerts.
For more information check out Finviz Stock Screener Review
The Bottom Line
Well thats it folks! Thats it for our FinViz review, you can think of it as an easy-to-use tool that is beneficial to any trader interested in technical analysis and vetting their stock picks in a scientific manner. Sign Up For Finviz And Find The Best Trending Stocks!
BEST STOCK NEWSLETTER OF 2020 (December 6, 2020 UPDATE)
One of this year's Motley Fool Stock Picks is up 596%, Two Others have TRIPLED, and 2 more have DOUBLED in just 111 Months!
We have been tracking ALL of the Motley Fool stock picks since January 2016. That's almost 5 years and over 115 stock picks. As of Friday, December 4, 2020, 20 of their 22 stocks picks are up with an average return of 76% compared to the SP500's 19%.
In addition, 8 of their 2019, 11 of their 2018, 9 of their 2017 and 15 of their 2016 picks have also doubled. Best of all, over the last 5 years the average stock pick is up 199%. That beats the SP500 by an average of 144%. And that's even accounting for all of this COVID crisis that has wreaked havoc on most stocks. BUT, the Fool has done so well because they have quickly identified stocks this year that will perform well in the post-COVID world. THAT is how the Fool consistently does so well--they adapt and constantly pick stocks before everyone else realizes the opportunities. Now they are starting to pick stocks that will do well in the Biden presidency.
- Fiverr Intl (FVRR) - Sept 3, 2020 pick is up 75% in just 3 months
- CrowdStrike (CRWD) – June 4, 2020 pick and it is already up 74%
- Zoom Video (ZM) – April 16, 2020 pick and it is up 172%
- Shopify (SHOP) – April 2, 2020 pick and it is up 204%
- Zoom Video (ZM) – March 19, 2020 pick re-recommended and it is already up 301%
- DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 15%
- NVTA picked February 6, 2020 is up 129%
- Tesla (TSLA) picked January 2, 2020 before the crash and it is up 596%
- HubSpot (HUBS) picked December 5, 2019 and it is up 152%
- Netflix (NFLX) picked November 21, 2019 and it is up 59%
- Trade Desk (TTD) picked November 7, 2019 and up 368%
- Zoom Video originally picked Oct 3 and it is up 433%
- SolarEdge (SEDG) picked September 19, 2019 and it is up 204%
Now, no one can guarantee that their next picks will be as strong, but our 5 years of experience has been super profitable. They also claim that since inception, their average pick is up 529% and now we believe them. Many analysts are saying that we have passed the bottom of this COVID crisis and "certain" stocks will recover quickly and be the new leaders. So make sure you have the right stocks in your portfolio.
Normally the Fool service is priced at $199 per year but they are currently offering it for just $99/year if you click this link.
FYI -- Updated as of January 16, 2021 -- Thank goodness 2020 is over and we look forward to life returning back to normal in 2021. But the one GREAT thing about 2020 if you were a Motley Fool subscriber was 21 of their 24 2020 stock picks are up; and EIGHT (TSLA, NVTA, ZM, SHOP, ZM (re-recommended), CRWD, CRWD (re-recommended), and FVRR) have now at least DOUBLED! The average return of their 2020 stock picks is now +95% compared to the SP500's +19%. Their top performer was TESLA which is now up 860% since they recommended it in January 2020. In addition, their 2019 stock picks were awesome too and they are now up 121% beating the SP by 87%; and their 2018 picks are up 209% beating the SP by 165%. Now for 2021, with a new President and a COVID vaccine, most analysts expect the market to continue up, but make sure you have the right stocks!
In fact, over the last 5 years the average Fool stock pick has more than tripled (up 214%)! This time period covers the 2016 election, the Trump administration, the China trade negotiation, COVID, and now the Motley Fool is getting ready to release their stock picks for 2021 and the Biden administration. Don't miss out on the Motley Fool's next stock pick. Here is the schedule for their next TRADE ALERTS:
- January 21, 2021 - David's New 5 Best Stocks to Buys Now List
- January 28, 2021 - David's New Stock Recommendation
- February 4, 2021 - Tom's New Stock Recommendation
- February 11, 2021 - Tom's 5 New Best Stocks to Buy Now List