In the old days, before the access to internet was so convenient, investors had a lot of problems in doing the comparison of companies. The only easier way was to get advice from a reliable broker. Investing in stocks need a lot of patience and intelligence and was more troublesome when access to online data was not possible. Getting into the piles of documents and then making the right conclusions was not only time-consuming but needed a lot of staff as well for the whole procedure. Undoubtedly internet has made our lives much easier and convenient in many ways, and one of that facilitation is for the investors also.
Today, investors can make use of the numerous powerful research tools available on the internet. And the best thing about them is that many of these are without any price tag. You can use them absolutely free of cost. However, for the complex ones heavy amount is charged.
Stock screener is the basic gadget for researching stocks. The work which would take hours to be done manually can be obtained within a matter of seconds amazingly without spending any money. The process is very simple too. For sorting the stocks that meet the particular criteria, stock screeners provide you access to the qualifiers. The more the complex screener, the more will be qualifiers. After all the qualifiers are sorted out, the stock screening program picks out the companies that meet your criteria. You have to provide certain criteria such as market capitalization, kind of industry, sales dividend etc.
After screening, you will be obtained with the links to the qualified companies. By clicking on these links, you will be able to look into the financial status of the company and over view its strength. This will also help you in making decision whether to buy the company’s stocks or not.
If in case, you get the large number of qualifying companies; you deal with them by running the screener again with a more tough qualifying criteria to lessen them in number. The complex screeners help you by screening the sets again and again while the ones available for free merely provides you with list. Yet, you end up saving hours and days of yours by using stock screening programs. One of the benefits of using these screeners is that the investor remains focused to the useful and important stocks, so the selling and buying is done in time. These screeners conclude the analysis of thousands of stocks in a matter of seconds which would consume weeks for a panel of researchers to complete.
The basic screeners can be easily downloaded from various sites which are enough to meet your needs. The difference between the basic stock screener and the more advanced screener is that the complicated ones provide us with more options and chances to have a list of major qualifying companies. But in both cases, you make your research done within fraction of seconds that would have taken hours and days if internet was not there.