Whether you are new to the game or a veteran investor, TipRanks will power up your investment research. With a multitude of tools, TipRanks points you to new stock ideas with the potential to skyrocket.
Three of our most powerful tools are poised to take you through to the end of 2024 with a winning portfolio. Read on to learn about these tools: Top Smart Score Stocks, Top Penny Stocks to Watch, and Analyst Top Stocks.
Top Smart Score Stocks
One of the biggest challenges that individual investors face is performing reliable research. Investors can mistakenly believe that one positive article on a finance website is enough to determine whether to make an investment.
It can also be difficult to know what to do when faced with contradictory signals. For example, what do you do if a stock’s technical indicators look good, yet hedge funds are dumping it? Or if a CEO is buying a lot of stock in their own company, but analysts with a strong track record are bearish?
The TipRanks Smart Score solves this problem by providing a data-driven stock score that is easy to understand. The tool uses eight key parameters, including the ratings of the Top-performing analysts as well as technical and fundamental factors to analyze stocks. The system assigns a Smart Score between 1 and 10, with 10 being the best score. Importantly, stocks with a “Perfect 10” Smart Score have historically outperformed the S&P 500 Index (SPX) by a wide margin. This makes these stocks potentially lucrative investment choices.
To further boost your stock research prowess, TipRanks has developed a unique methodology to rank stocks based on their Smart Scores. The Top Smart Score Stocks tool enables investors to find stocks with the highest Smart Score.
To find the Top Smart Score Stocks tool, navigate to “Ideas” in the top menu, and then click on “Top Smart Score Stocks” in the drop-down menu.
You can filter your search according to Market cap, Sector, and how long the stock has had a maximum Smart Score of 10. To see a full analysis for any stock on the list, simply click on the ticker name. You can easily add a stock to your watchlist by clicking on the blue + sign.
Top Penny Stocks to Watch
While penny stocks are highly speculative investments, many thrive on the potential of outsized returns. So, what should you do if you want to add these risky stocks to your portfolio? TipRanks’ Top Penny Stocks to Watch tool will simplify your research and help you make better, data-driven decisions.
A penny stock is a share that trades for $10 or less. While some investors consider penny stocks as trading for amateurs, Wall Street analysts and other experts follow these low-price stocks. Many penny stocks are from new companies with a micro market cap of under $300 million. You can search this tool for analysts’ top-rated penny stocks.
To find the Top Penny Stocks to Watch tool, navigate to “Tools” in the top menu, and then click on “Penny Stock Screener” in the drop-down menu.
As with all our tools, you can search according to different categories, including sector, price target upsides, Smart Score – our unique stock scoring system which measures stocks on 8 market factors, and news sentiment, from Very Bullish to Very Bearish. You can also you can see which penny stocks have a recent rating by Wall Street analysts. The table also shows you the star-ranking of the analyst, with 5-star analysts being those with the best returns and success rates.
What’s more, you can adjust the columns that appear on the screener, by clicking on ‘Select Columns’. Plus, penny stock company names are all clickable, and take you to the stock’s page, enabling you to conduct more comprehensive research.
Analyst Top Stocks
Where can you turn when looking for fresh investment ideas? If you want to know which stocks Wall Street’s best-performing analysts are rating as Strong Buys, or Strong Sells, TipRanks Analysts’ Top Stocks is the tool for you.
Like all TipRanks tools, it is easy to use and you can filter data to match your investment preferences. To find the Analyst Top Stocks tool, navigate to “Ideas” in the top menu, and then click on “Top Analyst Stocks” in the drop-down menu.
Customize the tools to search for stocks with a Strong Buy or Strong Sell rating consensus, according to Wall Street’s best-performing analysts. You can filter according to rating, (Strong Buy or Strong Sell), market cap, or sector.
The results table gives you a detailed overview of each stock, if you wish to exclude any of the columns, you can easily do so by clicking on ‘Select columns.’ For each stock, you can see the following:
– Price
– Price change (1 day)
– Market cap
– Sector
– Top analysts’ price target
– Stock rating
– Last rating
– Recent stock behavior, over the past 3 months
– Rating reasoning
You also have the option to sort data according to whichever category you choose, for example, price target, by clicking the top of a column. To get a more detailed analysis of a stock, click on its ticker.
Analysts’ Top Stocks is one of our most popular tools. It is updated daily, so you always know which stocks leading analysts are recommending.
Top Smart Score Stocks, Top Penny Stocks to Watch, and Analyst Top Stocks, are here to level the playing field for the everyday investor. Go ahead, check out these three tools, and see what a difference they can make to your investment portfolio.
