How to use Finviz to Screen Stocks - YouTube

best screeners out there FINVIZ. now let's just jump into it as soon as you

get on Finviz this is what you're going to see their main page now we're only

going to be looking at their screener today because honestly this is the best

tool they have and this is what most traders and most people use their site

for now there's a bunch of other stuff like seeing what the index have done

today looking at the heat map knowing what the industry's been doing top

gainers top losers some technical analysis tools I might make another

video soon about those but today we're going to be covering the screener now

what is a screener? A screener is basically a tool that you can use to

subset the markets and find stocks that fit criteria that you're looking for so

whenever you're running a strategy you're not running a strategy on all the

markets there's too many stocks you're going to find stocks that have a

predefined set of criterias that work well for your strategy and that's why

you need to screen for them now this is how you're going to use Finviz with the

screener and Finviz screener is very comprehensive and it's actually free to

use and that's why a lot of people use it now let's say you're doing a

fundamental strategy and you're a value investor okay and you want to look and I

might give two examples one for a fundamental and veteran let's say one

who wants to trade momentum stocks growth stocks so if you're your

fundamental value investor and you want to look for some value stocks to invest

in you might want to say okay well I want stocks that have a low p/e now you

look at this there's 7,000 stocks that you have right now if I want to start to

narrow down this list and have fewer stocks I get it I got to tell Finviz

what are the criteria is I'm looking for if I go here on fundamentals I can tell

Finviz look I want stocks that have a low p/e a low price to earnings because

I know that low price-earning Stocks are value companies I'm getting them for

cheap right so I can select low and then I went from 7,000 symbols all the way

down to 830 symbols now I might look I might want to say look I want some I

want to talk that gives high dividends because companies that give high

dividends are stable and good companies so I can go in descriptive and in

dividends yields here I could say I want high-yield now I'm down 273 companies I

might also have a criteria since I'm a value and conservative investor I want

something that does enough volume I don't want something too

illiquid where I'm not going to be able to get out of my position when I need to

so maybe I'm going to say I want something that does over two hundred

thousand shares a day then I might also have that now I'm down to sixty symbols

okay we got a company in Spain Mexico might care I just want to look at US

companies I'll be down to 48 symbols then I might say okay well look I want

something that's in the financial sector because maybe my portfolio doesn't have

enough of those so you can just select financials and then I'm down to 38

companies then I can look at those companies and see which one would be

best for me as a value investor right and you have sometimes have super low

P Es and they look pretty good right so what are what informations I want to

see from them you actually have different informations you can go under

the valuation tab and see valuation information like PE forward p/e and you

can see they're earning or you're either EPS if you want to look at financial

information you click on the financials tab you'll see their dividends or ROI

debt-to-equity ratios a bunch of other ratios that will be important to you you

can actually go under order and see what's the float on them

what's the insider ownership institutional ownership short floats so

it's really up to you of what you want to look at if you want to look even at

charts you can see their charts and it'll give you a quick look maybe you

want something in an uptrend so it's very helpful and if you want to get more

information you can actually click on custom and this you'd have to be an

elite member being elite is maybe 30 or 40 dollars a month and the benefits you

get from being elite is for one you can add custom information and you can

export this data to excel otherwise you just get a view it on the website

there's a bunch of other things that are offered in the lead but you know these

are the two ones affected by the screener now you might want to click

custom and then click on settings and tell Finviz what you want do you want to get

return on equities you want to get return on assets you want to see the

net profit margin and if you're you are an elite subscriber you can actually

export it to a CSV file it'll just download and then you can use that

information to make your analysis comparative analysis or whatnot now if

you're not a value investor and you're actually a creator like us let me take

this off and you just want to do maybe a momentum strategy and you're looking for

growth stocks that fit a certain criteria you can use Finviz as well for

that and it's actually pretty helpful let's take this off here financials so

if you're looking for a growth stock well we know that for growth stocks we

need something that has a high p/e so let's go to fundamentals PE let's put it

over 40 so something that that's expensive then we might say well a

growth stock doesn't give any dividends right

because they're just reinvesting in themselves I will no dividends okay

right now I'm looking at 380 symbols out of the seven seven thousand I might say

okay well look I'm looking at a certain sector I only want to look at health

care and the reason for that is I know health care is very volatile and I want

something volatile that can just explode then I might say I also want to buy

something as it's breaking up I don't want to buy it at any time so maybe I

want to buy something when it breaks its 52-week high so when it's at its highest

so I can go and consider the technical tab which has a lot of things that you

can use for from a technical point of view so the 52-week high would be one

take you to week high I can select okay I want something that's as its new high

and now I'm down to only six stocks so I can be looking at these talks and let's

take a look at this one for example all of them are added their 52-week

highs and then my strategy can be around those so I can those can be on my watch

list and if they're breaking up tomorrow and they're continuing this momentum I

can buy it but then if they break down I can just have a site stop-loss on and

take out a stop loss and that way so this is really how you can use Finviz to

screen based on a strategy that you have so I really highly recommend using them

you don't need to be an elite member their free version is more than enough

as you can hear I didn't need to export in an excel or anything something that's

really nice about them is that they actually have alerts so you can create

an alert but for that you would need to be an elite subscriber and that alert

would permit you to get alerts via email for when a stock fills a certain

criteria so I might say well one stock gets to the 52-week high let me know

right away so I'll get an email and I can buy it

right away as it's breaking new highs so you can

use it for that as well I've I have guys who use it and they like it

you know but otherwise just the screener if you have any strategy that you want

to that you want to run you cannot run it on the whole market

you've got to subset the market the whole universe is too big

subset the universe to a specific set of symbols that fit the criteria that work

best for your strategy and Finviz is going to be one of the best tools for

you to do that if you guys have any more questions regarding fenves or regarding

any other tools post it down in the comment I'm more definitely going to

make another video where I show you how to do some more in-depth screening using