5 Ways to Track Stocks in 2021
Looking for the best ways to keep track of stock prices? You are in just the right place. Keeping track of stock prices is important for making crucial stock investment decisions. You need to stay on top of things if you want to ensure that you get the most profitable deal.
Here are some of the ways you can keep track of the stock prices for a company so that you can make informed investment decisions
1. Use a Portfolio Tracker
If you have already purchased a stock and you want to track its market performance, you can set up a portfolio tracker for your stock. There are various platforms that help you do that. You can add your shares bought and the purchase price in these trackers and they will help you keep track of the current value of the stock as well as its performance in the market.
2. Follow the Stock Trends
Following the latest stock trends is important. You need to make sure that you set up a schedule to check financial news outlets at least once a week. You can get valuable insights about the stock market health from these channels and the more you watch the financial news, the better you’d get at making future investment decisions. You can visit popular financial news resources to make yourself aware of the latest stock market trends.
3. Read the Quarterly Earnings Report
Every company is obligated/required to release its quarterly earnings report. Make sure that you know how to read this report and analyze it. You need to come back every quarter to read this report because it gives you information about stuff like the company’s revenue as well as the EPS (Earnings Per Share) in the last quarter. This information is quite valuable and can help you determine what you are going to do with the stocks that you have bought in that company.
4. Go Over the Annual Report
Annual report if a company is also another important report that you need to read every year. This tells you how the company has done so far as well as the financial analysis for the future of the company. Based on the analysis of this report, it can be determined how well the company is going to perform in terms of profitability.
5. Use an Earnings Calendar
If you are new to investing and you don’t know how or when to get access to the earnings report of a company, you can use our EarningsCalendar.io. This calendar will keep you updated with the earnings release information so that you can stay on top of things when the reports are made public.
Keeping track of stock performance is not easy, it requires a lot of patience and effort. If you follow the above-mentioned approaches, you’d be able to keep track of stock value in a much simpler and easier way. Make sure to check out the ways for keeping track of stocks that we have talked about here and if you have any questions about these methods, get in touch with us. We’d be happy to help you out.