When picking stocks, it is critical to have an up-to-date newspaper or access to a reliable financial Web site. Buy The Economic Times if you’re more print-oriented.
If you’re familiar with computers, access CNBC Online or http://www.stockmarketing.in, which often offer free delayed quotes as well as timely news stories, charts, and some other useful goodies.
When using a financial newspaper for picking stocks, look for the “Out Perfomer” list. This is a list of stocks that have had the highest trading volume (number of shares traded) for the day or week. It’s usually found at the end of the stock price tables.
Many financial Web sites have the same “Out Perfomer” lists as financial news papers. Sometimes they will be hidden in summaries of daily market activity, so you’ll have to do a little digging to find names and symbols. They might be disguised under names like “Big Movers,” and so on.
There are also other lists, such as “Winners and Losers,” which records stocks that have seen the biggest percent gains and losses over a given time period.These are searches with predefined parameters, such as stock price, value, or growth, technical indicator breakouts, etc. These tools may be a little hard for you to understand, and it might be better to stick to the simpler lists.
Getting information on stocks can be fun and exciting. Do some research, take some notes, and note the stock’s symbol. Then, move on to the next stock.
Should I Like Every Stock on the “Hot Stocks” List?
Every sector and every industry is going to have its winners and losers. But just as some parts of the jungle have more banana trees than others do, not all industries are equal.
When you search through the “Hot Stocks” lists, you’ll come across all sorts of stocks. There will be financials, service providers (e.g., airlines), manufacturers (e.g., car makers, clothing), oil companies, and diversified holding companies, among others. Be selective.
Lastly some reminders: Conduct your own research, Check with financial news papers for “most active” stocks, find a few other indicators that you think make a stock “hot” and look for them.
Happy Trading :).