Alpha is the measure of your active return on an investment compared to a market index or benchmark designed to represent the market’s movement as a whole.

For example, one might compare the performance of an investment to how the S&P 500 performed during the same time and the excess return amount would be considered the alpha.

“Capturing alpha” refers to consistently doing better than the average stock trader and making more money in the stock market than statisticians would expect you could achieve. Note the word “consistently.”

You might get lucky with one stock performing better than people anticipated, but to do this consistently takes more than luck.

It requires extensive knowledge of the current trends in the stock market and a mastery of how to invest money wisely.

To keep yourself up-to-date with the stock market and increase your chances of capturing alpha, consider downloading some of the best stock market research and analysis apps and software listed below.

Best Stock Research Apps, Tools and Sites (Investment Research Software)


A useful stock market research app will contain statistics and analyses from several reputable sources. You need to be able to quickly see relevant news as well as various stock’s long-term trends.

Some stock investment research websites are purely informational, while others both educate you and let you also buy stocks straight from their app. Paired with the best investing apps, these stock market research apps can be useful for building your wealth.

Features of the Best Stock Research App, Tool and Site


→ Comes at a Fair Price.

Most stock research apps come with a free trial to demo the product and understand if the service is worth the eventual price you’ll pay. Some services charge on a monthly basis while others charge on an annual basis.

If you choose only to rely on free services, you might get what you pay for. Premium services can quickly justify their price tags if they deliver stock research that allows you to outperform the market consistently.

That alpha is worth its weight in gold if you have money to invest and take advantage.

You should always purchase apps that meet your needs but only pay the minimum price to do so. If you don’t use the fancy add-ons and can’t justify the price, you shouldn’t subscribe to that tier if a lower one will do.

→ Provides Trusted, Transparent Research.

If you want to understand the stocks on the platform, you need to see the details provided by the stock research tools. The best stock research software and websites will provide actionable information for you to evaluate stocks and make an investment decision.

This can include things like real-time data, stock analysis tools and other resources. But it doesn’t necessarily need to include such details. Instead, they can perform in-depth analysis and provide an investable narrative for why the stock should be in your portfolio.

Regardless of the details provided, you should be able to trust the stock research and see dependable recommendations or information.

→ Uses Fundamental and Technical Analysis.

The two primary forms of stock research are fundamental and technical analysis. The former relies on the financial performance of a business, including how it manages its assets and liability as well as how it utilizes them for growth.

Technical analysis uses price action as an indicator for when you should buy or sell a stock.

Both of these should combine to understand which stocks make the best choices for your portfolio now and into the future.

How Do I Find the Best Stocks?


Finding the best stocks can take work through use of screeners, strict profitability and performance criteria, as well as projections for understanding where a stock might go.

Services mentioned below can help you to uncover the best assets to invest in. Consider using one or two (maybe even three) to find those best stocks to buy.

Of special note, you’ll find two services from Motley Fool below. Both of these have outperformed the S&P 500 significantly, leading them to be great at finding long-term stock buys to hold in your portfolio.

1. Stock Rover


  • Available: Sign up here
  • Price: Free 14-day trial, then $7.99 – $27.99/mo or discounted annual and bi-annual deals

Stock Rover helps you keep track your portfolio with detailed performance information, emailed performance reports, in-depth portfolio analysis tools, correlation tools, trade planning and re-balancing facilities.

You can also create real-time research reports that provide a full fundamental and technical overview of the company’s performance for the last 10 years.

This service works as a web-based applet and offers a number of useful services and applications, depending on your research and analysis needs.

Stock Rover provides a comprehensive alerting facility, real-time stock screener for instances where companies trade below their perceived fair value and signaling opportunities to buy stocks with a built-in margin of safety.

One of the best features of the web-based app is Stock Rover’s “Brokerage Connect.” This provides you with a read-only data feed of your portfolio holdings.

This shows you a comprehensive view of your portfolios, whether they’re in one brokerage account or spread across numerous investment accounts. This view makes Stock Rover one of the best stock tracking and portfolio management apps.

After syncing your brokerage accounts to Stock Rover, details for each portfolio get populated in your Stock Rover dashboard for in-depth analytics and tracking purposes.

Consider signing up for Stock Rover with a free 14-day trial. From there, you can decide if you’d like to upgrade to service’s premium plans for more robust tracking and analysis.

 

2. Trade Ideas – Best for Self-Taught Investors


trade ideas sign up

  • Available: Sign up here
  • Price: Trade of the Week Newsletter: Free; $2,268 / year, $228/mo for Premium; $1,068 / year, $118/mo for Standard

Trade Ideas employs artificial intelligence to become your virtual research analyst that never sleeps and instead sifts through technicals, fundamentals, social media, earnings and more.

The stock research website tests millions of possible trade ideas everyday to find you the highest probability, risk appropriate opportunities to invest in stocks.

You can do real-time simulated trading in live trading rooms with real-time streaming trading ideas on simultaneous charts to learn how to trade into risk-reward balanced trades.

Where Trade Ideas excels is not only giving you the data and ideas you haven’t seen elsewhere, but also how to manage your money. The rules-based virtual trading room on every chart plays for both long-term investors as well as active traders.

As the market evolves, Trade Ideas’ software adjusts levels and the trading plan to match. The best part? You can learn how to do all of this without risking your principal through a real-time simulated trading environment.

After you’ve grown comfortable with the service, you can choose to go live with the trade ideas and start investing real money by connecting directly through a brokerage like Interactive Brokers, TD Ameritrade and E-Trade.

Additionally, the service provides alerting services.

You can receive price alerts through their Standard and Premium services as well as by subscribing to the company’s ALERT index newsletter. This gives you 5 new trade ideas in your inbox from the company’s model portfolio every Sunday night.

They also offer a free Trade of the Week newsletter highlighting a stock pick they have identified for subscribers.

Trade Ideas’ technology uses a different scan each week to find unusual trade activity.

For example, they may detect a high short interest % in a stock or industry, which often leads to short squeezes, such as what happened with GameStop.

Real people curate scan results before any recommendations come available through the service.

You’ll also learn how the service picked the trade, why they believe it will perform well and how to find similar trades on your own.

Consider starting your Trade Ideas subscription with no contract involved. Cancel anytime.

 

3. Atom Finance – Investment Research Platform


  • atom finance sign upAvailable: Sign up here
  • Price: Free 30-day trial, then $9.99/mo

Atom Finance acts as a modern investment research platform that levels the playing field between retail and institutional investors. It does so by providing access to institutional-quality stock research tools and resources.

The company allows you to do the following with its investment research platform:

  • Find investment ideas by screening the stock market for new opportunities based on criteria you select or load into the screener interface
  • Link all of your investment accounts across multiple brokerages; allows you to create a comprehensive view of your investment portfolio as well as drill down into your true performance
  • Customize alerts and notifications, allowing you to receive the latest news, events, price change movements and information for your portfolio and watchlists
  • Run instant keyword searches in exclusive investor documents, SEC filings, transcripts, and news analysis
  • Access a complete history of Wall Street analyst actions, price targets and company financials

 

4. AskFinny


  • Available: Sign up here
  • Price: Free 7-day trial, then $8.33/mo (charged yearly)

Finny offers unique comparisons between multiple stocks, ETFs and mutual funds as well as the ability to screen based on their proprietary Finny Score. These “X-ray” analyses and comparisons give you deeper insights into any bull and bear investing theses.

The company prides itself on having unbiased, rules-based analysis—something they think is needed for individuals who could otherwise easily be influenced by the stock meme trading we see on apps like Robinhood.

The service helps investors perform their due diligence by providing objective points of view on any stock, ETF or mutual fund you want to purchase.

You can do so by using the company’s stock screener to uncover investment opportunities and read the company’s investment newsletter, The Gist, to be in-the-know on the latest market news and stock developments.

 

5. MarketXLS


marketxls

  • Available: Sign up here
  • Price: $260/yr – $740/year; more expensive options available for advisors

MarketXLS helps investors conduct technical and fundamental analysis on exchange-traded securities.

MarketXLS is an Excel-based investment research tool which allows you to look deeper into stocks, ETFs, options, mutual funds, currencies with streaming market data.

The live stock quotes flow through Excel formulas to get the most accurate prices, fundamentals, key ratios, estimates, returns, and custom-calculated data points.

MarketXLS offers more than 120 technical indicators, including some of the following items:

  • Relative Strength Indicators
  • Double Exponential Moving Average
  • Exponential Moving Average
  • Kaufman Adaptive Moving Average
  • MESA Adaptive Moving Average
  • Average Directional Movement Index
  • Absolute Price Oscillator
  • Hilbert Transform – Dominant Cycle Period
  • Chaikin A/D Line
  • Several Pattern Recognitions
  • Linear Regression
  • Time Series Forecast
  • Variance
  • Weighted Close Price
  • Bollinger Bands

In short, MarketXLS is Excel-based software which makes it easy to research, track and invest in the stock market using valuable technical and fundamental analysis tools. This brings data and tools into a familiar environment: Excel spreadsheets.

 

6. EquitySet – A Platform of Stock Market Research Tools


equityset sign up

  • Available: Sign up here
  • Price: Free 7-day trial, then $20/mo

Investing in stocks can be a daunting task. There are so many different factors to consider, and it’s easy to get overwhelmed.

EquitySet is here to help! The company provides unbiased stock reports that will help you make the best investment decisions possible.

This platform of stock market research tools also provides simplified data with beautiful UI outputs for your convenience. No credit card required – just sign up for free today!

With the platform’s 8,000+ stocks and ETFs coverage, it has everything you need to find the perfect investment opportunity. You’ll never have to worry about missing out on an opportunity again!

Get started now by signing up to a free 7-day trial of EquitySet Premium today!

 

7. Motley Fool – Rule Breakers (Best Stock Prediction App)


motley fool rule breakers sign up

The Motley Fool is an investing site which provides investing advice to millions of people per year.  Their financial acumen has helped people take steps to financial independence through their premium stock picking service, Rule Breakers

By using the company’s Rule Breakers service, you get access to the team of top investors who focus on high-growth stocks. They send two new recommendations each month to your mailbox for you to consider and follow up with your own market research to assess their picks.

I used the service in graduate school and used it to invest in three stocks, BOFI (now AX), CELG (now BMY) and ADUS, all of which grew significantly in the decade since. I never would have heard of these stocks had I not used Motley Fools’ Caps and Rule Breakers services.

For me, their service acted as the best stock predictor by providing well thought out, reasoned arguments for why these stocks would grow for many years to come.

And rightfully so, because the service focuses on finding the Amazons and Googles of tomorrow, today. In other words, major growth stocks before they became ubiquitous names. Consider signing up for a subscription to find your next growth stock.

 

8. Motley Fool Stock Advisor


motley fool stock advsior

As an additional mention to Rule Breakers listed above, Motley Fool also offers its Stock Advisor service at the same price point. This service looks for companies the research company believes not only poised to benefit from “undeniable, long-term trends”.

The service’s founders also want to mix in something they call “unquantifiable greatness” – or the secret sauce for giving companies an edge in the market.

For those looking to dive into this stock research app’s offerings through weekly newsletters, you may want to give the subscription a try.

Related:

9. Morningstar


morningstar

  • Available: Sign up here
  • Price: Free 14-day trial and then $199 for 1 year; $339 for 2 years; $439 for 3 years; or $23.95 monthly

Morningstar is a popular resource for investors looking to find, evaluate, and monitor investments which best meet their interests and needs.

The company has provided market and stock research for almost four decades and prides itself on its independence and reputation for objectivity.

The service includes access to stock screeners, research reports and in-depth analysis to assess your investing options.

 

Best Stock Analysis Apps, Tools and Sites


Stock analysis software can also help improve your success with the stock market. Common features include simulations, backtesting (letting you test strategies using historical market data), stock charting and designing a trading or investment plan.

The best stock analysis app for you will depend on your preferences, needs, and whether or not you have programming experience. Before getting into the best and acclaimed stock analysis software options, let’s review the features you should look for first.

Features of the Best Stock Analysis App and Software


Many of the same features you should look for in a stock research app will also apply to stock analysis apps. Understandably so, as they should carry the same features in their respective right.

Below, you might see some retreaded features to pick an app based upon, but when they’re right, they’re right.

→ Comes at a Fair Price.

Once again, like stock research apps, you want to get what you need and not pay for what you don’t want. Some stock analysis apps come with a free trial to demo the product and understand if the service is worth the eventual price you’ll pay.

You will see some have the option to pay-as-you-go or opt for an annual or bi-annual subscription for cheaper rates than on a monthly plan alone.

→ Provides Relevant Tools, Educational Resources and Customer Support.

Understanding the indicators, tools and horsepower of your stock analysis app will make all the difference. That means you might need to brush up on some of the terminology or concepts covered with an analysis tool.

The best stock analysis app will provide tools and educational resources to learn what you need and room to continue growing.

Additionally, you’ll also want responsive customer support if you have questions you can’t answer by yourself. Having a dependable customer support system will make all the difference when you need help navigating something in the app.

→ Multiple Watchlist and Tracking Tools.

Proper stock analysis requires watching stocks for buy and sell signals. You’ll need powerful watchlist and tracking tools to do this.

The best stock analysis apps allow you to track from a single window and utilize stock screeners, real-time data alerts and notifications and more to inform your decision-making.

→ Powerful Charting Tools.

Stock analysts also rely on charting tools to measure entry and exit points from a stock. You’ll require historical charting capabilities to identify long-term trends as well as intraday charts for second-by-second movements.

Having the ability to overlay stock indicators and drawing tools will be of vital importance when performing your technical analysis. Make sure your stock analysis tools carry this functionality.

10. TradingView (Best Site for Stock Analysis)


  • Available: Sign up here
  • Price: Free 30-day trial and then PRO: $14.95/mo or $155/year; PRO+: $29.95/mo or $299/year; Premium: $59.95/mo or $599/year

TradingView is a useful site for technical analysis stock traders looking to view stock charts and personally select specific indicators (RSI, Moving Averages, Bollinger Bands, etc.).

This service works well for traders looking to gain an edge on the markets by utilizing the 50+ data feeds and exchanges offered on the platforms as well as customized technical analysis with metrics like volume indicators, MACD, back testing and more.

Pairing this service with a TradeStation or Webull account may lead to capturing alpha through TradingView’s stock charts.

 

11. FinViz


finviz sign up

  • Available: Sign up here
  • Price: Free; FinViz*Elite: $24.96/mo if paid annually

Finviz is a stock analysis software that provides free and premium features.

You can join thousands of traders who make more informed decisions with the stock analysis tool’s premium features. This includes access to real-time quotes, advanced visualizations, backtesting, and much more.

Finviz has an intuitive interface which makes it easy for you to find what you’re looking for in seconds. For premium users to the FinViz*Elite service, the platform also includes a variety of charting and tools possibilities such as:

  • intraday charts and overlays so you can perform deep technical analysis on stocks like never before
  • stock indicators
  • drawing tools
  • fullscreen layouts
  • performance comparison charts
  • correlations
  • technical studies backtesting

It also includes access to premarket and aftermarket data in all stock features.  Further, you can use the service’s enhanced Stock Screener to filter stocks and export the data, create advanced charts, customize the filters and have a statistics view.

Also, by becoming a FinViz*Elite member, you can remove all ads from your platform. Consider signing up and starting a subscription. If you’re not satisfied, you can request a full refund within the first 30-days of subscribing.

 

12. Webull (Best Free Stock Analysis App)


  • Available: Sign up here
  • Price: $0 trades, $0 account minimums; Free stocks w/$100 deposit

Webull is the latest free stock trading app on the market which charges no commissions for trades.  However, what makes Webull one of the best stock analysis apps is its focus on traders who utilize technical analysis.

In fact, Webull not only offers commission-free trading to its users, but also offers a significant amount of technical research resources for individuals looking to invest in stocks, bonds, options and cryptocurrencies.

You can receive a free 3-month trial of Nasdaq TotalView Level 2 quotes on Webull, which provides real-time views into the depth-of-market in a security.

This gives a sense of how deep the market for a security is, the pending trade offers at various bids and asks and whether the market momentum might shift in favor of higher or lower prices in the security.

After 3 months, users can subscribe to the service for a low monthly fee of $1.99/mo.

The community built into the app also surfaces good stock ideas by pointing toward recent market developments which might impact a security’s movement.

Typically, power users who openly post their trading activity on the platform will provide ample ideas for stocks to research and capture alpha.

You can use the tools on the app to review charts, read news stories, track stocks and review any summary-level research activity published by Wall Street analysts.

For those interested in using this self-directed investing app for market analysis and investing, it offers the following technical indicators:

  • Exponential moving averages (several timeframes)
  • Bollinger Bands
  • Money Flow Index
  • MACD
  • RSI

For those looking to rely on fundamental analysis to inform their investing strategies, Webull offers the following fundamental research tools:

  • Financial and Stock News
  • Corporate and market press releases
  • Analyst recommendations, estimates and price targets
  • Historical and projected earnings per share (EPS)
  • Revenue and earnings data
  • Insider holdings and transactions
  • Financial calendars
  • Stock screeners
  • Watchlist and alerts

Additionally, Webull also offers margin loans to traders, extended hours trading, customer service through email and chat, as well as the ability to sell stocks short. As a bonus for opening your account, if you deposit $100 or more you can also earn free stocks.

Read more in our Webull review.

 

13. TradeStation Analytics (Free w/TradeStation Brokerage Account)


tradestation

  • Available: Sign up here
  • Price: $0 trades on stocks/ETFs, $0.60 per options contract, $1.50 per futures contract

If you have a TradeStation brokerage account, you can use TradeStation Analytics for free. You can still get the software without a brokerage account with them, but then you need to pay a monthly fee of $99 for non-professionals and $199 for professional subscribers. 

TradeStation helps you analyze stocks, options, ETFs, futures and cryptocurrency markets. You have access to backtesting, historical intraday data, and extensive charting capabilities.

Users also receive personalized support from their brokerage professionals. The company provides state-of-the-art trading technology which caters to active individual and institutional traders.

TradeStation Analytics helps you to find the right opportunities in real-time, when to get into and out of trades, and discover hidden opportunities with technical and fundamental analysis.

You can monitor and rank up to 1,000 ticker symbols in real-time with access to more than 180 technical and fundamental indicators useful for valuing a stock and identifying likely price action. TradeStation is one of the best trading software platforms on this list.

 

14. Worden TC2000


worden tc2000

  • Available: Sign up here
  • Price: $8.32/mo – $74.98/mo (billed annually); optional services extra

This stock analysis software software is easy to install and requires no programming. Some of the top features of TC2000 include news, stock alerts, watch lists, instant messaging, scanning, sorting, and a personal note system. You can see notes from other users as well. 

There are over 70 technical indicators with ten drawing tools. TC2000 has backtesting, but if you want extra powerful backtesting, you may need to look elsewhere.

Because the company’s brokerage services are $4.95 per trade, I’d recommend signing up for TradeStation above to execute trades.

 

15. E*Trade


etrade sign up

E-Trade is another app that will educate you about the stock market as well as let you trade stocks, ETFs, mutual funds, or options within the app. You have access to Bloomberg TV®, breaking news, and third-party research.

The analysis tools are designed to be simple to understand so you can determine the probabilities of an option trade within moments.

Browse interactive charts, streaming quotes, and view stock’s earnings, dividends, and more. It’s no wonder Stockbrokers.com named E*Trade “Best in Class.”

 

16. Scanz (formerly EquityFeed Workstation)


scanz sign up

The most acclaimed feature of Scanz (formerly EquityFeed Workstation) is the “FilterBuilder.” With this tool, you can filter and pick stocks based on your desired criteria, including value, growth, momentum or even penny stocks.

Scanz offers search tools and market data. The “pattern recognition” tool sends alerts when stocks are making new highs or lows, breaking volume averages, and more. Unfortunately, this trading stock software doesn’t offer backtesting or automated trading. 

Scanz is a powerful stock trading software platform and is one of the best options on this list. Consider starting a free trial to see how effective the service can be for capturing alpha in your portfolio.

 

17. Pilot Trading


  • Available: Sign up here
  • Price: $19.95/mo after 14-day free trial

Pilot Trading using psychology-based AI algorithms that monitor market participants for real time trading flows.

The trading platform detects market direction and attempts to anticipate when the market will reverse direction, allowing you to monetize this insight for your stock research.

The app follows over 37,000 securities and provides active alerts on when you can trade them. You can connect the stock analysis app to your broker for direct in-app trading to see your trading in action.

The service integrates with a number of brokers, including TradeStation, featured earlier on this list.

To use the service, you need to download and install the app with your free 14-day trial, create your watchlist to track real-time AI-driven sentiment and receive opportunities for making emotion-free and data-driven trades.

 

18. Thinkorswim by TD Ameritrade


tdameritrade sign up

This trading app for the brokerage TD Ameritrade gives you access to trading stocks, options, futures, and forex. To help with your research, tradable assets have comprehensive charts.

You can view them as line charts, Japanese candlesticks, bar charts, and more. It’s possible to change time frames to see long-term and short-term trends. 

Thinkorswim has a vast educational section and live chat support. Perhaps the best feature is that you can practice trading without risking real money. Because TD Ameritrade is highly reputable and regulated, it’s an excellent option for traders hesitant about investing.

 

19. eSignal


esignal

  • Available: eSignal
  • Price: $176/mo

eSignal is a comprehensive stock trading software. It has research capabilities and advanced charting. Users have access to global coverage of stocks, bonds, funds, derivatives, forex, and alert features.

eSignal has different levels of complexity and is available at various price points depending on how many features you want. 

Upgraded tiers allow you to download data, see extended histories, and conduct backtesting. If you’re brand new to investing, eSignal might be too complex and expensive for you.

People who are unsure if they have enough investing experience to make good use of the software can do a free trial to test it out.

Best Stock Research and Analysis Apps, Tools and Websites


Now that you know more about these investment research and analysis apps, you can choose the best stock market research app and best stock analysis app for your needs.

Investor Peter Lynch once said, “If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” To excel in the stock market, you need to put in some work. 

Investing in stock market research and analysis apps and software may seem like an unnecessary expense, but if you play your cards right, they can make you far more money than they cost. If you’re going to play the stock market, look at your cards.

Disclosure: We scrutinize our research, news, ratings, and assessments using strict editorial integrity. In full transparency, this company may receive compensation from partners listed on this website through affiliate partnerships, though this does not affect our ratings. Learn more about how we make money by visiting our advertiser disclosure.

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