Here are a few steps you can use for getting a stock screener to work for you:
- Enter in details on whether you want to work with large or small-cap stocks. Most screeners will give you different results based on the market cap you want to use. You could have the screener search for large-cap stocks where the market capitalization of each stock is $10 billion or more in value. You can also look for a small-cap stock with a market cap of $500 million to a few billion dollars. Each screener has its own definition of what a small-cap stock should be worth.
- List information on any prior values that a stock might have had. You can always list information on specific stock values. You might decide to find stocks that were $10 per share within the past week or month, for instance. This plan is appropriate if you want to invest in a stock but you have limits on what you want to spend.
- Insert the proper ranges for certain measurements. You can add details about the proper P/E ratio or price/sales ratio that you want to use in your investment plans. Just about anything could be included in your report. You can always list as many parameters as you wish.
- After you include the data you want to work with, you will get the results. You will get fewer results if you add too many ranges into your search. Then again, this might help you zero in on that magic stock you really want to buy.
