Trading tools and information source...

[Jake]

Hi,

I have a very short experience in US stock market and because market here are so huges it tooks a lot of time to make research in order to find out "under valued" stock. Hence, I like to save my time and sort raw data automatically based on some factors like P/E, P/E, ROE, EPS etc. So if you can help me to find out the place where data is easily available for postprocessing puprose I would be very appreciate? Maybe some trading systems already support that ?
Thanks!

- Jake

[nodoodahs]

Hi Jake, and welcome!

You can use the Yahoo! java screener located here, http://screen.finance.yahoo.com/newscreener.html, and then download your stuff to a *.csv file. Unfortunately some variables don't appear unless you filter for them, and sometimes the file displays data with commas that messes up your column layout when you open with Excel, but you can work around that if you're patient.

If you purchase this software, http://www.ec-server.valueline.com/products/elect2.html, you can download really cool files that are very comprehensive. It's expensive, but if all you want is to build files to data mine, you can buy the trial version and then use free screeners to find the stocks that meet your criteria later.
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