A stocks screener is an essential tool for investors and traders looking to filter stocks based on specific financial and technical criteria. For beginners, using a systematic investment calculator alongside a stock screener can help in making well-informed investment decisions. Fortunately, several free stock screeners offer powerful features to help investors identify potential stocks without any cost.
In this guide, we’ll explore the best free stock screeners that beginners can use to streamline their stock selection process.
What is a Stock Screener?
A stocks screener is a tool that allows investors to filter stocks based on various parameters, such as:
- Market capitalization
- Price-to-earnings (P/E) ratio
- Dividend yield
- Moving averages and RSI (Relative Strength Index)
- Earnings growth and revenue trends
By using a stock screener, beginners can quickly find stocks that match their investment strategy.
Best Free Stock Screeners for Beginners
1. Yahoo Finance Stock Screener
- One of the most beginner-friendly screeners
- Allows filtering stocks based on fundamental and technical criteria
- Offers real-time price tracking and financial data
- Free and easy to use
2. TradingView Stock Screener
- Comes with an intuitive interface and interactive charts
- Allows filtering based on technical indicators like MACD, RSI, and moving averages
- Provides customizable filters for both long-term investors and traders
3. Google Finance Stock Screener
- Simple and easy-to-use for beginners
- Provides key financial metrics like P/E ratio, market cap, and dividend yield
- Best for casual investors who want quick insights into stock performance
4. Finviz Stock Screener
- Offers a wide range of filters, including valuation, performance, and technical indicators
- Free version provides comprehensive screening features
- Best suited for both fundamental and technical analysis
5. MarketWatch Stock Screener
- Helps users filter stocks based on market trends and financial ratios
- Provides detailed earnings reports and analyst ratings
- Free to use and accessible for beginners
How to Use a Stock Screener Effectively
- Set Your Investment Goals: Are you looking for growth stocks, dividend stocks, or undervalued stocks?
- Use Fundamental Metrics: Focus on P/E ratio, EPS growth, and market capitalization.
- Apply Technical Indicators: Use moving averages and RSI to find entry points.
- Backtest Your Strategy: Compare historical performance before making investment decisions.
Final Thoughts
A stocks screener is a valuable tool for beginners who want to find the best investment opportunities without spending hours on research. When used alongside a systematic investment calculator, it helps create a structured investment strategy. Whether you’re looking for growth stocks, undervalued opportunities, or momentum plays, these free stock screeners can guide you in making smarter investment decisions.
