Introduction
Screening stocks on major US exchanges like the NYSE and NASDAQ is essential for finding the best investment opportunities. This step-by-step guide walks you through the process, helping you filter stocks effectively using proven criteria and tools.
1. Choose the Right Stock Screener
Select a stock screener that supports NYSE and NASDAQ listings. Popular options include Finviz, Yahoo Finance, and TradingView. Ensure it offers real-time data and fundamental/technical filters.
External Link: Finviz Stock Screener
2. Define Your Investment Goals
Clarify whether you’re focusing on growth, value, income, or short-term trades. Your goal will determine the filters and metrics you use.
3. Select Exchange Filter
Set your screener to filter stocks listed only on the NYSE or NASDAQ. This ensures you’re analyzing stocks traded on your preferred exchange.
4. Apply Fundamental Filters
- Market Cap: Filter by company size (small-cap, mid-cap, large-cap).
- P/E Ratio: Target undervalued or high-growth stocks.
- EPS Growth: Look for companies with strong earnings potential.
- Dividend Yield: For income-focused investors.
5. Apply Technical Filters
- Price Performance: Screen for stocks with recent price momentum.
- Volume: Ensure liquidity by filtering for high average trading volume.
- RSI/MACD: Identify overbought/oversold conditions or trend strength.
6. Save and Monitor Watchlist
Save screened stocks to a watchlist for continued monitoring. Most screeners allow you to track real-time performance and news.
7. Review and Adjust Regularly
Market conditions change, so revisit and refine your screening filters periodically to stay aligned with your investment strategy.
Conclusion
Screening stocks on the NYSE and NASDAQ is straightforward with the right tools and approach. By following this guide, US investors can efficiently identify and act on the best stock opportunities available in these leading markets.
FAQs
1. What is the best free stock screener for NYSE and NASDAQ?
Finviz and Yahoo Finance offer excellent free tools for these exchanges.
2. How often should I screen stocks?
Regularly, especially when market conditions or personal goals shift.
3. Can beginners effectively screen stocks?
Yes, many stock screeners are user-friendly and provide helpful tutorials.
4. Are technical filters necessary?
For short-term traders, yes. Long-term investors may rely more on fundamentals.
5. Do I need real-time data for screening?
Real-time data is important for active traders; delayed data may suffice for long-term strategies.
