Do you use a stock market summary in your day-to-day investing strategy?
For investors and traders, it’s important to have a reliable summary of daily market movements and major financial headlines. This makes it easier to navigate the market and know where to look (and where not to look) for profitable opportunities.
Many financial websites and news sources offer a stock market summary page that overviews the movements of major U.S. indexes and popular stocks. This can be a be helpful resource. Likewise, tuning in to a few minutes of televised financial news like CNBC’s market coverage can also offer a good overview. However, more and more, investors are turning to less time-taxing solutions like curated stock market summaries sent via e-mail newsletter.
Whatever the method, here are 5 more reasons to start using some type of stock market summary:
Spot new opportunities
A good stock market summary can give you powerful stock ideas you might not generate on your own. Simply keeping track of which major stocks and industries are making gains each day can offer powerful stock ideas to look into.
Know when it’s time to sell
Any thorough stock market summary will list stock market losers as well as gainers. For active investors, this could help offer an alert system for when it’s time to look into selling a holding. On the other hand, it can also be a low-cost opportunity to buy into a stock you are Bullish on long-term.
Get alerted to major news about your holdings
Many investors and traders like to keep track of major news related to their holdings. Whether it’s that a stock or ETF they own is making record highs, that a public company has been rumored to buy out another, or that analysts are changing their earnings estimates for a stock, this type of news can impact an investor’s or trader’s decisions.
This is why it may be important to refer to an easy-to-read briefing on the major news highlights of the day.
Stay on top of earnings
Every public stock must report its earnings on a quarterly basis. For those with a large amount of stock holdings, it can be difficult to keep up with earnings reports for every stock. This is why a summarized report of important upcoming earnings can be useful. It takes the research and legwork out of earnings season!
Track where the sectors are moving
Stock market sectors and industries are constantly on the move. The technology industry may be growing quickly one month, and then falling the next. This is why it’s important to stay informed on the top industries and sectors of any given moment. This will help investors, especially those following a top-down approach, to continue making the most well-informed decisions about their portfolio.