#TBT: My 5 Favorite Apps for Stock Market Analysis
I'd be willing to bet we spend more than half of our cumulative awake hours with a cell phone or tablet in front of our face. While we are content to fry our eyes out by staring at screens, we may as well do some stock analysis - right? Of course, once you know what you're doing (have you read all of my other posts?) this is something you can always do on-the-go.
Especially when you are out shopping, at a meeting, or the airport/train station etc. it is great when you can learn about companies around you to see if they are publicly traded and what exactly they do. It’s also helpful to watch a stock’s performance when you’re away from the computer. If you’re up for exploring new trends and stocks that may be impacted by news stories all over the world…heck, there’s an app for that, too!
The following five apps are my favorite when I’m away from my computer and hopefully you will enjoy them as well. Oh and by the way, these are all free and available for iPhones and Androids.
Seeking Alpha – Yes, I’m a bit biased on this one now but I have used this one for a few years now. Seeking Alpha provides a unique perspective on the market that you will not find through paid research from a brokerage firm. The articles and reports are written by passionate investing experts throughout the industry who, more often than not, discover things about a stock than even the big shots on Wall Street overlook. You can customize news and create a list of stocks to follow and receive news alerts. Additionally, you can interact directly with the authors of the articles and ask questions. It’s truly a revolution in stock research all over the world!
Bloomberg – I would argue that there is no news source on Earth vaster in its breadth than Bloomberg; most people in finance would agree. Bloomberg offers great interactive charts and the news reports are very up-to-date and up-to-the-minute directly from experts in the industry. If there was anything you wanted to know about a stock, the answer can almost always be found on Bloomberg first.
Yahoo! Finance – This is everyone’s favorite, and rightfully so! Yahoo provides news from plenty of resources and their customized stock watch lists are also great for new investors because it is so easy to use. The charts are very simple and easy to understand, which is hard to come by for most stock related sites and apps. Generally, you can find all of the basic valuation metrics for a stock right in one place.
Investopedia – For those who are getting their feet wet in the stock market and need some help learning the meaning behind certain terms and valuation metrics, I always recommend checking out Investopedia. The site also has some pretty fun and simple educational videos to help explain really complex topics and terms that the general public might not fully understand.
Business Insider – For some of the most interesting headlines and articles of the day, I like to check out Business Insider because you might learn something new and unique about different industries. There are also many interesting economic articles from experts, usually with very unique and drastic views on the economy, but they are worth reading and understanding. I also like how every morning Business Insider makes a few “10 most important things today” lists that give you a snapshot of the world in a just a few sentences.