|AAPL||Apple Inc||NASDAQ||Consumer Electronics|
|MSFT||Microsoft Corp||NASDAQ||Software - Infrastructure|
|AMZN||Amazon Com Inc||NASDAQ||Internet Retail|
|GOOGL||Alphabet Inc||NASDAQ||Internet Content & Information|
|FB||Facebook Inc||NASDAQ||Internet Content & Information|
|TSLA||Tesla Inc||NASDAQ||Auto Manufacturers|
|TSM||Taiwan Semiconductor Manufacturing Co Ltd||NYSE||Semiconductors|
|BRK.B||Berkshire Hathaway Inc||NYSE||Insurance - Diversified|
|BABA||Alibaba Group Holding Ltd||NYSE||Internet Retail|
|JPM||Jpmorgan Chase & Co||NYSE||Banks - Diversified|
|V||Visa Inc||NYSE||Credit Services|
|JNJ||Johnson & Johnson||NYSE||Drug Manufacturers - General|
|WMT||Walmart Inc||NYSE||Discount Stores|
|MA||Mastercard Inc||NYSE||Credit Services|
|UNH||Unitedhealth Group Inc||NYSE||Healthcare Plans|
|BAC||Bank Of America Corp||NYSE||Banks - Diversified|
|HD||Home Depot Inc||NYSE||Home Improvement Retail|
|DIS||Walt Disney Co||NYSE||Entertainment|
|PG||PROCTER & GAMBLE Co||NYSE||Household & Personal Products|
|PYPL||PayPal Holdings Inc||NASDAQ||Credit Services|
|ASML||Asml Holding Nv||NASDAQ||Semiconductor Equipment & Materials|
|ADBE||Adobe Inc||NASDAQ||Software - Infrastructure|
|VZ||Verizon Communications Inc||NYSE||Telecom Services|
|XOM||Exxon Mobil Corp||NYSE||Oil & Gas Integrated|
|KO||Coca Cola Co||NYSE||Beverages - Non-Alcoholic|
|ORCL||Oracle Corp||NYSE||Software - Infrastructure|
|CSCO||Cisco Systems Inc||NASDAQ||Communication Equipment|
|TM||Toyota Motor Corp||NYSE||Auto Manufacturers|
|ABT||Abbott Laboratories||NYSE||Medical Devices|
|T||AT&T Inc||NYSE||Telecom Services|
|NKE||NIKE Inc||NYSE||Footwear & Accessories|
|CRM||Salesforcecom Inc||NYSE||Software - Application|
|BHP||BHP Group Ltd||NYSE||Other Industrial Metals & Mining|
|PFE||Pfizer Inc||NYSE||Drug Manufacturers - General|
|NVS||Novartis Ag||NYSE||Drug Manufacturers - General|
|PEP||Pepsico Inc||NASDAQ||Beverages - Non-Alcoholic|
|MRK||Merck & Co Inc||NYSE||Drug Manufacturers - General|
|CVX||Chevron Corp||NYSE||Oil & Gas Integrated|
|ACN||Accenture plc||NYSE||Information Technology Services|
|ABBV||AbbVie Inc||NYSE||Drug Manufacturers - General|
|TMO||Thermo Fisher Scientific Inc||NYSE||Diagnostics & Research|
|TXN||Texas Instruments Inc||NASDAQ||Semiconductors|
|LLY||ELI LILLY & Co||NYSE||Drug Manufacturers - General|
|WFC||Wells Fargo & Company||NYSE||Banks - Diversified|
|NVO||Novo Nordisk A S||NYSE||Biotechnology|
|DHR||Danaher Corp||NYSE||Diagnostics & Research|
|SAP||Sap Se||NYSE||Software - Application|
|MDT||Medtronic plc||NYSE||Medical Devices|
|PDD||Pinduoduo Inc||NASDAQ||Internet Retail|
|COST||Costco Wholesale Corp||NASDAQ||Discount Stores|
|TMUS||T-Mobile US Inc||NASDAQ||Telecom Services|
|HON||Honeywell International Inc||NYSE||Specialty Industrial Machinery|
|RDS.A||Royal Dutch Shell plc||NYSE||Oil & Gas Integrated|
|SONY||Sony Corp||NYSE||Consumer Electronics|
|NEE||Nextera Energy Inc||NYSE||Utilities - Regulated Electric|
|UPS||United Parcel Service Inc||NYSE||Integrated Freight & Logistics|
|C||Citigroup Inc||NYSE||Banks - Diversified|
|UNP||Union Pacific Corp||NYSE||Railroads|
|SHOP||Shopify Inc||NYSE||Software - Application|
|LIN||Linde Plc||NYSE||Specialty Chemicals|
|UL||Unilever Plc||NYSE||Household & Personal Products|
|MS||Morgan Stanley||NYSE||Capital Markets|
|LOW||Lowes Companies Inc||NYSE||Home Improvement Retail|
|AMGN||Amgen Inc||NASDAQ||Drug Manufacturers - General|
|BA||Boeing Co||NYSE||Aerospace & Defense|
|PM||Philip Morris International Inc||NYSE||Tobacco|
|BMY||Bristol Myers Squibb Co||NYSE||Drug Manufacturers - General|
|HDB||Hdfc Bank Ltd||NYSE||Banks - Regional|
|RY||Royal Bank Of Canada||NYSE||Banks - Diversified|
|AZN||Astrazeneca Plc||NASDAQ||Drug Manufacturers - General|
|SNY||Sanofi||NASDAQ||Drug Manufacturers - General|
|AMAT||Applied Materials Inc||NASDAQ||Semiconductor Equipment & Materials|
|SCHW||Schwab Charles Corp||NYSE||Capital Markets|
|CAT||Caterpillar Inc||NYSE||Farm & Heavy Construction Machinery|
|JD||JDcom Inc||NASDAQ||Internet Retail|
|HSBC||Hsbc Holdings Plc||NYSE||Banks - Diversified|
|BLK||BlackRock Inc||NYSE||Asset Management|
|SE||Sea Ltd||NYSE||Electronic Gaming & Multimedia|
|CHTR||Charter Communications Inc||NASDAQ||Entertainment|
|IBM||International Business Machines Corp||NYSE||Information Technology Services|
|TD||Toronto Dominion Bank||NYSE||Banks - Diversified|
|GE||General Electric Co||NYSE||Specialty Industrial Machinery|
|AXP||American Express Co||NYSE||Credit Services|
|RTX||Raytheon Technologies Corp||NYSE||Aerospace & Defense|
|DE||Deere & Co||NYSE||Farm & Heavy Construction Machinery|
|SQ||Square Inc||NYSE||Software - Infrastructure|
|TOT||Total Se||NYSE||Oil & Gas Integrated|
|MMM||3M Co||NYSE||Specialty Industrial Machinery|
|DEO||Diageo Plc||NYSE||Beverages - Wineries & Distilleries|
|GS||Goldman Sachs Group Inc||NYSE||Capital Markets|
|BUD||Anheuser-Busch InBev SA||NYSE||Beverages - Brewers|
|INTU||Intuit Inc||NASDAQ||Software - Application|
It's not easy finding quality companies to invest in at a fair price.
With thousands of stocks just in the US market alone, thousands more globally, and hundreds of quantitative data points for each stock - there's no way for any individual to manually process all of that data. So how do you narrow down this vast universe of stocks to find companies that fit your investing criteria and strategy?
Fortunately, screening for stocks is a lot easier when you use the best stock screening software. A good stock screener can help you quickly hone in on companies that meet your criteria and suit your investing strategy.
While dozens of stock screeners already exist, WallStreetZen's free stock screener is designed specifically for long-term, fundamentals driven investors who want more control over how they screen for stocks.
We're building what we believe is the best stock screener for part-time investors looking for undervalued companies with strong underlying fundamentals.
Stock screeners (also known as stock scanners, or share screeners) are a database of stocks that let you apply filters to view lists of stocks that meet your investing criteria.
While the quality of stock screeners can vary greatly, the best stock screeners allow you to screen for stocks based on pretty much any metric or quantitative criteria you care about.
Stock screeners work best when you have a specific idea of the kinds of companies you are looking for e.g. companies with low P/E ratio, high return on equity and low debt, consistent long-term dividends, optimistic stock forecast and predictions, high earnings growth, or technology companies with high growth that are approaching profitability.
Even if you don't have a specific idea of the kinds of companies you are looking for, WallStreetZen's stock screener comes with pre-set filters that match a variety of investing philosophies to get your research started (coming soon).
Stock screeners are a first step in your research, but screeners for stocks can't do all the work for you.
Even the best stock screener apps only let you filter stocks based on the measurable, quantitative factors that affect a stock's long-term value.
For example, our free stock screener app helps you narrow down the universe of stocks based on tangible variables such as market capitalization, revenue, earnings, profit margins, operating income, as well as important financial ratios such as price-to-earnings ratio (P/E ratio), debt-to-equity ratio (D/E), return on equity (ROE), and many more important ratios.
However, qualitative factors like the quality of the company's product, the company's long term business strategy, customer satisfaction levels, pending lawsuits, labor issues, or disruptive technologies that could affect the company's core business aren't something you can easily screen for in a stock screener - it's something you need to learn about as part of your overall research process.
While there are limits to what you can learn about companies just with the numbers, numbers can often give you hints to the qualitative nature of a company's business. Warren Buffett's unique value investing approach is a perfect example of how quantitative analysis can lead to insights about the nature of a company's business.
Quantitative analysis can help you understand the fundamental economics of a company's business. As Warren Buffett would say, "accounting is the language of business."
Warren Buffett's strategy has been to invest in companies with a long-term "durable" competitive advantage. He is looking for companies that have a unique "moat" over its competitors which leads to superior economics and returns over the long-term. In other words, Warren Buffett looks for companies with a consistent product that leads to consistent profits.
Because Warren is looking for companies with a long-term advantage, there are certain quantitative rules that he follows. For example, a company with a product that has a long-term durable advantage typically wouldn't have to constantly re-invest into their product. A company like Coca Cola (NYSE: KO), one of Warren's favorite stocks, hasn't changed its core product in over a hundred years. As new colas and flavors of the month come and go, the power of the Coca Cola brand keeps the company on top.
As you might imagine, this means the company doesn't rely on spending millions upon millions in research and development just to keep up with the competition. It also doesn't have to spend billions of dollars retooling its factories every year to manufacture a new model.
As a result, the money tends to pile up on their balance sheet, which also leads to a company that doesn't require much debt to grow its operations.
As you can see, a company's competitive advantage can often be reflected in the numbers if you know what you're looking at. The numbers tell Warren if a company has a mediocre business in a highly competitive industry that will likely generate poor results over the long-run, or whether a company has demonstrated a durable competitive advantage that will spin off consistent profits for years to come.
So based on his investing approach, Warren Buffett can look at a company's financial statements and use quantitative factors to narrow down his universe of stocks.
Among other factors, Warren look for companies that consistently demonstrate:
All of these are numbers that appear in financial statements, where Warren Buffett mines for companies that have that golden durable competitive advantage.
All of these quantitative factors can be plugged into a stock screener to identify companies that meet Warren's criteria.
But finding companies with durable competitive advantages is just one step in the process, investors also need to determine whether the company is a good buy at the current price.
Because WallStreetZen performs automated Discounted Cash Flow analysis (DCF) on thousands of stocks, our stock screener will allow you to go one step further than most stock screeners, letting you screen for stocks that both meet your investing criteria and are also priced below intrinsic fair value.
After all, Warren's philosophy is to invest in exceptional companies at a fair price, not at any price.
It's worth noting that this quantitative approach to uncovering qualitative advantages works best in industries that are slow to change, and less well in an industry like technology, where a deep understanding of product trends and the ever-changing technology landscape is crucial. However, screening for stocks that have good numbers is always a great first step for uncovering new investing opportunities.
Ultimately, no amount of stock screening can replace a deep understanding of a company's business model and its competitive environment, and gaining that deep understanding requires reading. A lot of reading. Warren Buffett spends 5-6 hours a day reading five newspapers and up to 500 pages of corporate reports.
However, what stock screeners can do is help you narrow down the universe of stocks so that you can focus your limited energy (we can't all be Warren Buffett after all!) into companies that meet your quantitative criteria.
Here at WallstreetZen we're working on building the best free stock screener available, so check back soon. If you have any questions or feedback, feel free to let us know at contact at wallstreetzen.com