I'm having a hard time finding a stock screener that gives me the information I'm looking for. Either I'm not educated enough to understand all the ratios and metrics that are already available ( I understand some, like EPS, P/E, PEG, current ratio, D/E, FCF, ROA, ROE, etc), or I'm asking for something that requires that I subscribe to a paid premium version of a stock screener. As of yet, I've been relying on the free versions of the ones I'm using.
Basically, I'm wanting to filter for both trailing and forward estimated earnings growth. I've been tinkering with the following free versions of stock screeners:
schwab.com (I have an account, so I have paid access)
So, the above is a summary of my problem. Here's the details:
I have two little brothers that are just starting to invest, using Robinhood accounts. I've also opened one. They are asking me for help so they can learn to be a little more self sufficient. I have a decent understanding of how to manage a portfolio with experience doing it for myself in my IRA accounts at Schwab. I have a decent understanding of the business cycle, some basic economics, some basic fundamental and technical analysis.
However, what I'd like to do to get them started is give them some criteria for doing their own stock screens. I'd really like to turn them on to using sector rotation to their advantage, and to pay close attention to fundamentals, and I'd rather not try go too deep in the area of technical analysis. I'd rather they learn technical analysis on their own. I want to make it easier and more convenient for them to learn fundamental analysis because I don't want them getting so wrapped up in technicals that they overlook fundamentals.
I believe the primary focus of fundamental analysis should be to look at a company's earnings. A healthy history of earnings growth and strong forecasts of future earnings would be a first criteria. Then, I'd start factoring P/E, and PEG.
What I'm having a hard time with is coming up with a straightforward, beginner-friendly, step by step guide that I can put in a Google Doc that outlines what URL to go to for the stock screener you want to use, what specific filters to use, and how to tinker with the parameters until you've whittled down the list of potential stocks to a manageable amount, then start your technical analysis to identify which ones are at the best entry points.
I'd love to hear some takes on what are the most beginner friendly step by step instructions for stock screening, down to the minute detail, so there's no confusion. My brothers are both intelligent young men in their 20's. They can probably handle more, but I want to make it as easy as possible to get started for them.
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