15 Best Stock Picking Services for 2022

Stock selecting services do precisely what they say they do: they pick certain stocks that they feel will beat the stock market as a whole. They make stock recommendations to you, which you can act on or ignore as appropriate.

Intro

A stock picking service may assist you in identifying the best stock possibilities at any given time, providing you with the inside scoop so that you can begin day trading with more knowledge and confidence.

Keep in mind that stock market trading is always a risk. Even professional day traders can't foresee how the market will perform on any given day. If you're searching for a safer investment, you should prefer mutual funds, index funds, and ETFs over individual equities. One of the best stock picking services with established algorithms and track records if you're seeking for specific stock suggestions to add to your watch list.

What is a Stock Picking Service?

Subscribers to stock selecting services receive particular stock recommendations. The services compile and analyze large stock data sets such as quarterly earnings, market share, and other metrics. They take a lot of the work out of strategic stock-buying by analyzing and suggesting what to buy.

"Stock picking service," "stock picking subscription," and "stock picking site" are all words that are sometimes used interchangeably. Emails or physical mail, such as a magazine or newspaper, are frequently used as examples of newsletters.

Subscriptions can refer to anything from smartphone apps to private website access to newsletters. Concentrate on the benefits of the various services rather than the terms. Individual subscribers do not receive tailored recommendations from stock newsletters. Seek a financial expert if you want personalized assistance. Instead of being promotional, materials should be objective.

Finally, these services should not guarantee that any stock will increase in value.

What Makes a Good Stock Picking Service?

When selecting the best stock picking services, consider the following factors:

Proven track record

Choose a stock selection service that consistently outperforms over time. 

You want a service that selects investments that provide a superior return to similar companies or a comparable benchmark index.

Replicable trading capabilities

Because stocks vary, they must invest in growth stocks that will outperform over time. You must be able to replicate the recommendations offered. Stocks recommended should not be restricted to institutional investors, and you should be able to pay rates comparable to those charged by the stock selecting service. 

Low-cost / well-worth-the-money

A decent investment service should, at the very least, pay for itself. Based on the stock selection service's suggestions, you should be able to recoup your subscription costs. You should, in theory, make a profit, and the larger the profit, the better. The bigger your overall profit margin, the cheaper the price of the stock selection service.

Educational

The finest stock picking services give investment selections and provide instructional tools that educate you on how to study and analyze stocks on your own. You won't need to rely on a stock advisor as much if you have the correct educational materials and can perform your own study.

15 Best Stock Picking Services

1. The Motley Fool Rule Breakers

The Motley Fool has more to offer than just the Stock Advisor membership. The Rule Breakers newsletter focuses on "hidden gem" growth stock recommendations, especially those ready to disrupt their respective industries.

Rather than established mega-corporations, Rule Breakers stock picks are up-and-comers. Rule Breakers should only be considered if you seek scrappy growth stocks that the rest of the market has not discovered yet. Rule Breakers is a little more expensive than Stock Advisor at $299 per year, but you get the same 30-day guarantee.

2. Trade Ideas

Trade-Ideas is a software platform that generates real-time trade ideas for members using artificial intelligence called "Holly." Trade-Ideas, which is made up of more than 70 patented algorithms, also has its internal broker, allowing you to authorize Holly to execute trades on your behalf instead of buying or selling manually through your separate brokerage account.

Trade-Ideas offer a simulated trading option, which is a handy tool. It enables you to trade with fictitious money to gain experience before throwing your hard-earned cash around the market.

3. Pilot Trading

Beyond simply displaying current trends, Pilot Trading uses psychology-based AI algorithms to predict when asset values may shift directions. They connect directly to numerous brokerage accounts for in-app trading to make trading faster and easier.

The breadth of assets covered by Pilot Trading is one element that sets it apart. Futures, FX, and cryptocurrency movements, as well as projected swing points, are included. Pilot Trading also offers a simulated paper trading account for practice if you're new to trading any assets.

4. Investors Underground

Investors Underground sends out a daily newsletter with stock watchlists and game plans, ensuring that you are well-prepared for the market. When the trading day begins, join other traders in the chatroom to swap notes, ask questions, and monitor real-time stock scanning and alerts.

However, unlike more passive email alerts, those stock alerts do not contain an SMS option, which many day traders prefer. Customers are happy to keep paying, according to Investors Underground. They claim that 91% of their subscribers consider their subscription to be good value and that 83% feel their trading has improved since joining.

5. Superman Trades

The monthly cost of the Superman Alerts bundle is $147. Superman Pro customers receive weekly videos, access to an extensive educational video library, premium stock research reports, and an earnings tracker for an additional $100.

Although Scolardi teaches day trading — typically is rapid, in-and-out "scalp" trades — his experience as a swing trader sets him distinct from other trading gurus. Swing traders keep stocks for more than one day, but only for short.

6. Seeking Alpha

 Professional investment research is available through Seeking Alpha, and you can establish alerts on your favorite stocks by adding them to your watchlist. Seeking Alpha, like Motley Fool, is a stock database with educational resources that offer both paid and premium services. Seeking Alpha offers three service levels: a free plan, a premium plan, and a pro plan. 

You can establish alerts and notifications on your favorite stocks with the free plan, but the analyses and ratings you can access are limited.

The subscription plan gives you access to all stock ratings, the writers' previous analysis and stock performance, and a stock screener and previous instructional materials. 

The pro plan includes all of the benefits of the premium plan, additional financial advice and interviews, and a "top ideas" report that lists the best performers that expert analysts agree on.

7. Zacks Premium

Zacks specializes in assessing equities, mutual funds, stocks, and exchange-traded funds (ETFs). Zacks has a top buy list (the top 5% of stocks with the best growth potential), an industry rank list, independent research reports, etc. You will receive focus lists, but not the comprehensive packages Motley Fool provides. On the other hand, you can get a lot of analysis, measurements, research tools, and reports on the companies you choose to look at. 

Zacks' stocks rated 1 (the best) have returned 25.6 percent on average, compared to 11.2 percent for the S&P 500. It features recommendations from a variety of businesses, including cryptocurrencies. You can also uncover good beginner stocks to start building your portfolio. There's also a free version that only gives you access to five stocks from the Zacks list.

8. Stock Rover

Stock Rover is another excellent choice to explore when looking for a stock selection service. It can link to your existing brokerage account and then analyze your portfolio to assist you in identifying growth prospects.

Custom stock screeners are one of Stock Rover's primary advantages over its competitors. You can either choose from over 140 pre-made screens or create your own. The screens are created using various investment strategies and hence cover a wide range of stock requirements. Hundreds of measures, ranging from efficiency to financial position to ratings, are available on Stock Rover. It does not, however, provide access to cryptocurrency.

9. Warrior Trading

Warrior Trading values financial and stock education, and we can teach you how to read a stock chart like an expert. This site also offers a live chat room during market hours where you may get advice on short-term day trading, scalping, swing trading, and other short-term tactics. Warrior Trading also provides webinars, online courses, and group mentorship sessions to teach you day trading fundamentals and invest.

Warrior Starter and Warrior Pro are the two membership options. Warrior Starter is great for beginners because it allows you to master day trading fundamentals at your own pace. You get access to 15 chapters of content, live trading chat rooms, stock scanner access, and a real-time stock simulator. Warrior Pro includes:

• More specialized lessons.

• Complete chat room access.

• Six mentor sessions.

• Customizable stock scanners for day traders who already know the basics.

10. Mindful Trader

Eric Ferguson runs The Mindful Trader, a stock selection service. It concentrates on swing trading and provides live trading as well as stock, futures, option, and other resource instruction. If you need assistance getting started and want someone to walk you through the trading moves they make, The Mindful Trader might be a good fit for you.

The primary reason for joining up for this service is to receive stock buy notifications. Eric will lead you through one of his live transactions, allowing you to copy his strategy. A watchlist feature also focuses on probable entry, profit, and stop points. You'll also have access to Eric's live positions list and Eric's daily market commentary emails. The Mindful Trader is also less expensive than most other stock selection services, with a monthly membership costing $47.

11. Timothy Sykes

Timothy Sykes' self-named service offers to assist you in making money on penny stocks as a well-known penny stock trader. Sykes is also a top expert and the co-founder of Profit.ly, a social trading platform.

Sykes' stock recommendations are mainly based on technical analysis, with most trades including breaking down stock charts, purchasing penny stocks just as they take off, and selling them just as they begin to calm down. Rather than keeping stock for several days, he prefers to hold it for a few hours.

Tim's Alerts, which costs $74.95 a month, gives you access to Timothy Sykes' penny stock picks. The monthly fee for this service is $149.95. If you're serious about learning Tim's method, you can enroll in Tim's Millionaire Challenge, which costs around $5,000. It provides you with more personalized assistance and advising, but it does necessitate an application process.

12. Swing Trader

This platform provides services similar to those offered by competitors, while actual outcomes have been varied.

First, you should be aware that Swing Trader analyses stocks based on seven key factors: current quarterly earnings, annual earnings, management leading to the growth of new products/, stock supply diminishing, laggard stocks outperforming, investors with solid stock positions, and overall bullish market direction. 

On the other hand, Swing Trader underperformed the S&P 500 in the first half of 2021, compared to similar services that outperformed.

You might expect to hold equities for a few days to a week with Swing Trader. The software's interface is basic and easy to grasp, with a current transactions list and a fast indication showing stocks inside your price range. Swing Trader has its own version of alerts. It's easy to use for beginners and comes with a library of research and resources.

13. Morningstar Premium

Morningstar is well-known for its comprehensive research on stocks, ETFs, and other products. It focuses on fundamental analysis rather than technical analysis.

This investment picker service is appropriate for those looking for less dangerous long-term investing techniques than day trading. It's comparable to the Motley Fool's Stock Advisor, including fund screening. 

On the downside, it's more expensive than the services offered by the Motley Fool. Morningstar Premium is a good option if you'd like your portfolio examined. 

Morningstar Premium also has a stock screener. However, it isn't as adjustable as some other options.

Basic and premium memberships are available. Morningstar Basic is available for analyst reports, top investment selections, a portion of the portfolio manager, some X-Ray services, and partial screener usage archived articles. Morningstar Premium gives you access to the whole portfolio, an X-Ray, and a screen.

14. Tim Alerts

Tim Alerts Since then, Sykes has introduced several financial platforms and services, most of which are aimed at helping small-time day traders make more money.

Tim Alerts is more reasonable than some of its competitors, with a yearly subscription costing $697. Pennystocking Silver, which costs $1,297 a year, gives users access to over 6,000 instructive videos and weekly video updates.

Sykes has built several successful financial systems in addition to Tim Alerts. His Profit.ly platform acts as a community for over 160,000-day traders, allowing them to share their trades and results openly.

15. Scanz – Best for Day Traders

Scanz is incredibly user-friendly due to its simplicity. You can get updated with any information necessary to you rather than constantly scrolling price screens and searching for news. Receiving this information allows traders to avoid missing out on trades because timing is crucial in day trading.

Scanz News Streamer costs $79 a month and keeps you updated on NASDAQ, NYSE, and AMEX news and SEC filings. Streaming charts, two online discount broker interfaces, and more are included.

The Trade Scanner costs $99 per month. It offers breakout notifications, limitless watchlists, streaming charts, a montage window, and more, in addition to scanning data (including Level 1 & 2 data) on NASDAQ, NYSE, and AMEX.

The "FilterBuilder" is Scanz's (previously EquityFeed Workstation) most prominent feature. You can use this tool to filter and select companies based on your preferences, such as value, growth, momentum, or even penny stocks.

Final Words on Stock Picking Service

The quality of your knowledge determines your chances of success as a day or swing trader. Traders can earn if they have timely, correct information; without it, beating the market is nearly difficult. There are numerous factors that need to consider while choosing stock picking services.

However, in addition to real-time financial signals, traders and long-term investors alike want assistance in limiting. From thousands of stocks to a select handful; the field has shrunk to a special best stock picking services. Stock selection services come in handy in this situation.

They also assist in the provision of education. Individual stock trading and investing are not as passive and simple as index fund investing. It necessitates a substantial amount of expertise and expertise, and strong stock selection services provide more than just alerts and watchlists.

The claim is that if you stick to the system, you'll be able to outperform the market.