Best Stock Picking Services
Investors want to see their portfolio value grow with buy and hold strategies or trading strategies. But how to find the right investment strategy and best stock pickers to find the next top stock and high-quality trade setup? Subscribing to the best stock picking service can boost your portfolio in the long-term, and even short-term traders can beat the market with the right investment advice.
But what is the best stock pricing service available with fair pricing, high returns and excellent reputation?
I analyzed a couple of services, and for this list, I have focused on the best stock picking services that have a proven track record with a strong commitment to helping investors make the right financial decisions. The list ended up being short and concise, but I think that's pretty normal when focusing on simply the best ones.
Transparency: We may get compensated when you click on links in this article.
What Is a Stock Picking Service?
A stock picking service recommends specific stocks to their subscribers and clients. Some stock pickers have thousands of followers, and investors can make decent returns following their advice.
What makes a Good Stock Picking Service?
The challenge is to find services that are transparent regarding the entry and exit prices, and investors and traders need to be able to copy those trades to archive similar returns. I found over 50 different vendors in this sector, but only 5 services made it to this top list.
You know how it is. If something sounds too good, then the probabilities increase that something is wrong. Without a doubt, there are many great investors and traders out there. They may make considerable money by investing in stocks growing their portfolio constantly in the long run. But for subscribers, it is essential that he can archive the same results. It is worthless watching someone else over his shoulder how he makes money if you don't. Paying money for such things makes it even more senseless. Therefore it is important to focus on 3 key aspects:
Proven Track Record
Excellent stock picking services offer subscribers access to the most recent stock picks or even full history with all details about entries and even exits. A stock advisor has to be transparent, and it should be crystal clear how the service works, how the tradings signals are used, and how a similar performance can be archived by following their signals. It is also important that the performance is steady with proven long-term success.
Copy Trading Capabilities
It is great to see when a stock rallies, but it is better if you're on the train once the stock leaves the railroad station. Therefore it is important for an investor that the stock picks can be to a portfolio for the same price or at least nearly the same price as the service does.
An investor wants to make money, and the lower the costs associated with the investment process, the higher the overall returns. Stocks can be trades with zero commissions these days. That's a meaningful benefit for investors and traders. The fixed-costs per month should also be held as low as possible, independently from the trading style. An investor may receive an alert that boosts the stock significantly. But in the end, only the net profit counts.
The stock market is a world of income opportunities. Choosing the right stocks with human advice or using a stock screener tool is beneficial for the investor. But educational aspects provide additional benefits, and with the right educational material, you can become your own stock advisor.
Now let's get into it and find the best stock picking services available right now.
1. The Motley Fool Stock Advisor
Best For: Buy and hold investors
The Motley Fool Stock Advisor is a newsletter published by The Motley Fool, a company run by its co-founders Tom Gardner and David Gardner. They have been successful for over ten years now and provide subscribers with one of the best investment newsletters and stock trading picks.
The Motley Fool Stock Advisor has existed since 2002, and their picks show a great return. The Motley Fool causes huge market moves based on the number of subscribers following their picks. Some may find that this is not cool but honestly, as a day trader, such price spikes based on signals from providers with a high following opens completely new and profitable opportunities. You may not make that much money trading the exact signal, but you can profit from the price move to the upside and then once the chosen stock has overextended, you can profit from the down move by going short.
Anyway, those advanced techniques are not necessarily the best starting point. The main idea in subscribing to the Motley Fool is to learn how to choose stocks and duplicate their strategy for exceptional returns once you start trading on your own.
As mentioned in The Motley Fool Stock Advisor Review, subscribers gain access to a history of recommendations made in the past. This database alone is worth the subscription. With some time invested, traders can evaluate the strategy, check the chart history, and even the market reaction followed by the trade alerts. Those identified patterns will allow you to profit even better next time.
As a subscriber, you'll have unlimited access to the Motley Fool Stock Advisor combined with a 100% membership refund period of 30 days. As I said before, the historical database alone is worth the price. And if this price is still not good enough for you, here is a Motley Fool Stock Advisor discount, where you can subscribe with a 50% discount.
Motley Fool also offers a stock picking service called Rule Breakers. Subscribers get two clear buy recommendations for market-beating growth stocks in their inbox every month.
- Amazing track record since inception in 2002
- $99/year with the daytradingz.com discount
- Stocks picked from legendary investors David Gardner and Tom Gardner
- 30 day money-back guarantee
- Limited number of trading signals
- Advertisement campaigns try to upsell other Motley Fool services
2. Zacks Premium
Best for: Active investors
Zacks Premium provides investors with investment and analysis tools, plus the full Zacks Rank #1 Strong Buy list that offers the highest potential over the next 1-3 months. From January 1, 1988, to April 5, 2021, these stocks have more than doubled the S&P 500's +11.2% with an average return of +25.6% per year.
The Zacks Rank list is actively managed and updated on business days. Each stock is scored with a proprietary rating system, and investors can sort and filter the list by sector, industry, price, date added, value score, market cap, and more. Also news, a snapshot, and interactive charts are available for all stocks.
Zacks Premium is best for investors who want to save time on fundamental research while still having the flexibility to choose stocks from the Zacks #1 Rank List.
In addition, subscribers can use various investment tools like the industry rank list, research reports, and the focus list. Besides, different premium stock screens are available:
- Undervalued Zacks #1 Rank Stocks
- Discount Fundamental Strength
- High-Rank Value
- Zacks #1 Rank Growth Stocks
- EPS Growth, Revisions and Positive Surprises
- Momentum, Value, Growth, Income screeners, and more.
Those screeners help investors select stocks that best fit their investment style. At the same time, they offer extensive analysis of company fundamentals by Zacks research that has substantially outperformed the market.
- An average return of +25.6% per year since inception
- Stock screener access included
- Zacks Premium trial for 30 days available
- No email notification with when new stocks are added
3. The Motley Fool Rule Breakers
Best For: Long-term investing in growth-stocks
The Motley Fool offers his Rule Breakers service alongside their leading Stock Advisor service. It is an excellent addition since Rule Breakers is all about investing in hidden gem stocks with immense growth potential. The main differentiator of both services is the type of stocks The Motley Fool picks and recommends. Stock Advisor is mainly about the addition of well-established companies to the portfolio.
As lined out in the Motley Fool Rule Breakers Review, Rule Breakers is slightly different since sometimes companies with negative earnings per share are periodically added to the portfolio. If the Motley Fool research team identifies companies with high growth potential, then they assume that those companies will turnaround their balance sheet results significantly to the upside. Amazon is probably one of the most popular examples of how to grow the value of a stock in the long-run. Amazon held its EPS below 0 for a long time and invested all the money they earned in growth. You know where Amazon is today, and The Motley Fool Rule Breakers is all about finding the next stock like Amazon.
There are two more pretty cool benefits for subscribers to the Motley Fool Rule Breakers. First of all, the subscription costs only $99 for new members by using the discounts below. Finally, the combination of Stock Advisor and Rule Breakers gives you one stock pick each week on Thursday. While Stock Advisor stock picks are sent out to subscribers on the first and third Thursday of a month, the Rule Breakers recommendations by Tom Gardner and David Gardner are being sent to subscribers every second and fourth Thursday. Also, subscribers receive a roundup email with all the recommendation dates every week.
- Excellent stock picking performance since inception with 170+ recommendations with 100%+ returns
- One of the best stock picking services for long term investors
- Beats the average S&P 500 stock market returns
- Comes with a 30 day money back guarantee
- Only two stock picks per month
- Hard to use it for day trading strategies
4. Trade Ideas
Best For: Day trading and real-time alerts
You'll absolutely love the features and tools that come with the Trade Ideas A.I. stock screener. That's because Trade Ideas is much more than a stock screener or stock scanner. The main problem with most stock picking services is they are all operated by humans.
Trade Ideas is different because their algorithm chooses the stocks, defines the strategies, and scans the stock market. In fact, Trade Ideas is the best stock picking service using artificial intelligence algorithms. Their proprietary scanner comes up with trading signals once all criteria for an entry have been met.
That's why Trade Ideas is a great investment and can skyrocket your portfolio. Sometimes the algorithm triggers only a few trades a day, and sometimes there are more. Best of all, this happens right in front of your eyes, in real time, while you're logged in to the software.
Trade Ideas can be used as a software installation on Windows PCs or within the cloud from any device. And if you were to ask for my advice, I'd say subscribe to Trade Ideas A.I. because they have the best stock picking record. They have beaten the market every year since 2016.
One downside is that no one is talking to you during the trading day as you use the software. Besides the subscription to their service, the good news is that they also offer a free trading chat room and the best stock alert service every week called Trade of the Week. Both the trading chat room and the trade of the week are free for everyone to use.
Free stock picks:
Another exciting aspect you should know about is they've integrated a free paper trading account within the platform. And it's amazing! It enables you to try new trading strategies and stock picks without risk. To learn more about Trade Ideas, you should read the full review here (Promo Code included).
- No human error
- Phenomenal free educational content
- Real-time alerts
- Fantastic platform for beginners
- Good for day trading and swing trading
- Brand new free paper trading account included
- Exclusive 15-25% promo codes available for daytradingz.com readers
5. Mindful Trader
Best For: Short-Term Swing Trading of Stocks
Eric Ferguson started his stock trade alert service Mindful Trader after analyzing stock price movements and trading patterns based on mathematical research. Eric holds a Stanford University degree in Economics and sends out his stock trade alerts via email and text message. The 20-year backtest period had a median annual return of 181% and a median account drawdown of -25%. In 2019, the system had a return of 320%, followed by 85% in 2020.
Eric recommends calculating the position size based on his approach by taking the individual account size and stop loss distance into consideration. Subscribers receive about 5-15 new trade alerts per week. The strategy provides signals to swing-trade the alerted stocks and the performance of the most recent trades, and the trade history is available from the member dashboard. The Mindful Trader Review provides insights to the member dashboard, features and functionalities.
- Trades can be executed throughout the day
- Manageable number of trade alerts per week
- Data-driven investment approach
- Access to Eric's watchlist
- Eric's live positions visible in the member dashboard
- Historical trades since inception transparently listed in the member area
- Sometimes the /MES Micro E-mini S&P future is traded (but alternatively, you can use the SPY ETF for similar returns)
6. Warrior Trading
Best For: Day trading education
Warrior Trading belongs to the best stock picking websites. Ross Cameron and his team do an outstanding job at teaching beginners how to trade. Unlike the wizard in Oz, they don't hide behind a curtain. They trade every day live and in real-time.
Ross and his team share their trading screens with subscribers. This way, it's easy to follow his stock picks and decisions. Their brand new chat room software connects you to the video and audio feed. You can see and hear what they're trading in real time. When Ross picks a stock or executes trades, you will see and hear it live on your computer.
Also, Ross publishes follow-up videos every trading day. How much does it cost to watch those daily recap videos? Nothing! They're available for free on YouTube - alongside other free trading education lessons.
Warrior Trading also provides a daily stock watchlist sent to newsletter subscribers every day. They scan the markets for you based on their set of rules and filters. They pick their stock based on the Trade Ideas scans and share the focus stocks with you for free before the market opens.
Ross Cameron also started a brand new small account challenge in which he wants to grow his trading account from $500 to $1 million. He began in December 2019, and guess what, in January 2020, after 17 days of trading in front of his subscribers, his account has already gone from $500 to $53,000. Read the full review here.
- Great alerts for day trading
- Accurate stock picks
- Proven track record with public account statements
- Subscription starting at $99/month
- Not suitable for swing trading
7. Options Strategies Insider
Best For: Option traders
Stock recommendations are not for everyone. When done right, options strategies can beat the market. An investor made on average 10% per year investing in indices during the past 40 years. Trading stocks and picking stocks with stock screening tools can already boost the investment strategy by choosing stocks that outperform the market average. But not every investor has the capital to invest thousands of dollars in stocks. Options allow more active investors to invest less money for a higher return in their portfolio.
Options Strategies Insider is an option picking service operated by its founder Chris Douthit. He worked for Goldman Sachs and founded Options Strategies Insider a few years ago. His offer goes further than just offering stock picks executed via options strategies. His 14 free options trading lessons are worth it if you are interested in options trading. And a full membership starts with a low monthly price.
Options trading is more about making money in the short term. Professional traders use such strategies mainly for hedging existing positions, and some hedge funds use them as well. The main difference to investing in a stock is that the value of an option decreases when time passes by. Therefore you need an experienced trading professional on your side to get things right with this investment style.
Chris offers a trial for $7. During this trial, subscribers can test the full service, which includes all educational components and recent picks.
- Excellent combi-package of options trading education, video lessons and options picks
- Statistics and most recent trades available on the website
- Trial period for $7 available with full access to the service
- Not for day traders
- Options trading is riskier than long term investing in stocks
You may wonder how to picks stocks the right way. The mentioned stock picking services successfully utilize different methods. Learning those methods helps you to choose the right stocks in the future successfully. A proven track record, trading screen sharing in real-time, and a fair pricing structure are things to consider signing up for such a service. I think the five mentioned are all a great starting point, depending on your investment philosophy.
Trade Ideas remains the best all-in-one solution for day traders, swing traders, and investors. Their stock screener is the most powerful in the market. The artificial intelligence based trading signals is simply amazing. The trading chat room and weekly webinars are a fantastic baseline to learn more about trading. Lastly, their brand new implemented paper trading functionality is also included in the subscription costs and provides enormous benefits.