Trading Tools and Resources
Master the essential tools and platforms that professional traders use to research stocks, track earnings, monitor IPOs, and identify trading opportunities
Navigating the stock market requires the right tools for research, analysis, and timing. This lesson covers valuable resources for stock trading, including tools to track market volume, earnings announcements, IPOs, and lockup expirations. By understanding and using these resources, you’ll be better equipped to spot trading opportunities and plan your trades around market events.
Learning Objectives
By the end of this lesson, you will be able to:
- Identify key online resources to track stock volume, earnings dates, IPOs, and lockup expirations
- Use these tools to build a daily routine and incorporate them into your market research
- Leverage IPO lockup expiration dates to spot potential price movement opportunities
Core Resources for Daily Market Research
These resources provide essential data on stock performance, earnings, and market trends:
- Finviz.com: A comprehensive screening tool with customizable filters for volume, price, technical indicators, and more. Finviz is especially useful for scanning the market to identify high-performing stocks based on customized parameters.
- MarketSmith.com: This is a powerful tool for in-depth stock analysis. While it’s a premium tool, it’s known for providing detailed financials, earnings data, and growth metrics. Traders often use MarketSmith to identify growth stocks and build watchlists.
- Investors.com: Particularly helpful for monitoring volume run rates on major exchanges like the NASDAQ and NYSE. Volume tracking allows traders to see whether a stock is gaining buying interest or experiencing selling pressure.
Earnings Tracking Tools
Tracking earnings dates is critical, as these events can lead to significant price movements. Here are two recommended resources:
- EarningsWhispers.com: Known for providing detailed earnings dates and whisper numbers, which can sometimes predict whether a company might exceed or fall short of expectations.
- MarketSmith (for earnings dates): Also offers earnings dates, sometimes slightly different from other sources, which can be helpful for cross-referencing.
IPO and Lockup Expiration Dates
Initial Public Offerings (IPOs) and lockup expiration dates are significant events for traders:
- IPO Calendar: Resources like Stockanalysis list upcoming IPOs, providing an overview of new companies entering the market. IPO stocks can experience substantial movement as they gain interest.
- Lockup Expirations on MarketBeat: Many IPOs include a lockup period when insiders are restricted from selling shares. MarketBeat’s IPO lockup expiration tracker is valuable for monitoring when insiders might start selling, as stock prices often react to this added supply. Knowing these dates can help identify potential setups for significant moves post-lockup.
Practical Application
Integrating these tools into a daily routine allows for a more structured approach to market analysis:
- Daily Volume and Earnings Check: Every morning, check Finviz for any high-volume stocks that meet your trading criteria and review upcoming earnings dates on EarningsWhispers or MarketSmith.
- IPO and Lockup Awareness: At least once a week, review the IPO calendar and lockup expirations list to track any new opportunities. Set reminders for expiration dates on stocks of interest to revisit closer to those events.
Action Items
- Create a Free Finviz Account: Set up a screen that filters for high-volume stocks with positive price movement. Save this screen, so it’s available daily.
- Track an Upcoming IPO and Its Lockup Expiration: Choose an upcoming IPO from stockanalysis.com and add its lockup expiration to your calendar. Watch how the stock behaves around the lockup expiration date.
- Review Earnings Data on Two Sites: Compare the earnings dates for a high-interest stock on both MarketSmith and EarningsWhispers to check for any discrepancies. Reflect on how having multiple data points could impact your trading plans.
Conclusion
With these tools and resources, you can enhance your market analysis and stay informed about events that impact stock prices. Developing a habit of tracking volume, earnings, and lockup expirations helps you stay prepared and uncover new trading opportunities.