People want to invest more intelligently to get better returns. If we can outperform the market by a minuscule 2%, the rewards over a long period could be phenomenal–we’re talking millions of dollars.
Given the potential payoff, spending a few hundred dollars on a stock research subscription is almost a no-brainer.
The problem is deciding which service to use–there are so many subscription services available. Zacks premium is one of the most popular ones out there.
Many investors are asking: is Zacks Premium worth it? This blog post will provide an investor’s guide to help you decide if Zacks Premium is the right fit for your portfolio.
Let’s dive right into it, shall we?
What is Zacks Premium?
Zacks was founded in 1978 by researcher Len Zacks from MIT. Len observed that earnings estimate revisions could be a powerful force impacting stock prices after analyzing stocks for years.
This discovery eventually led to the development of the Zacks Rank system, which transformed into an independent stock research company driven by quantitative data.
Zacks aims to provide individual investors with trustworthy investment research to attain their financial objectives. Zacks offers various services, with its flagship product being Zacks Premium.
The Zacks Premium provides access to features like the Zacks Rank, which ranks mutual funds based on past performance and future projections.
You also get Zacks Equity Research Reports with analysis of high-performing stock lists, valuations, earnings estimates, and risks.
Key Features of Zacks Premium
A paid subscription to Zacks premium gets you high-end features such as the Zacks Rank system, Equity Research Reports, Zacks Premium Screens, a focus list, and much more.
Alright, let’s have a closer look at these key features of Zacks Premium.
Key feature #1: The Zacks Rank system
This is a proprietary system developed by Zacks Investment Research to rate stocks based on their expected performance. The system uses a combination of quantitative and qualitative factors to provide investors with an objective measure of how a stock will perform over the next one to three months. Many investors use the system as an easy-to-follow way to identify attractive stocks.
Key feature #2: Equity Research Reports
These reports are written by the top-rated analysts at Zacks and provide detailed information on a particular stock or industry. Investors can use these reports to gain valuable insight into market trends and make more informed investment decisions.
Key feature #3: Zacks Premium Screens
These screens allow you to quickly identify stocks that meet specific criteria, such as sector, price-to-earnings ratio, dividend yield, and more. Using these screens, you can quickly narrow your search for the best stocks for your portfolio.
Key feature #4: Zacks Styles Scores
Zacks Styles Scores help investors assess a stock’s growth potential by comparing it to its peers. In addition, the scores measure a stock’s volatility relative to its peers, allowing investors to make better decisions about which stocks to buy and sell.
Key feature #5: Zacks Focus List
The Zacks Focus List is a carefully curated portfolio of the top 50 stocks for long-term investment, selected by the company’s research director based on their momentum and earnings potential.
Zack’s Premium Pricing
The cost of a subscription to Zacks Premium can vary depending on the plan you choose. Currently, the service offers three different paid plans:
- Zacks Premium: $249 yearly
- Zacks Investor Collection: $59 monthly ($495 annually)
- Zacks Ultimate: $299 monthly ($2995 annually)
Depending on your investment goals and the research you plan to do, any of these plans should meet your needs.
Pros and Cons of Zacks Premium
If you’re considering using Zacks Premium in 2022, it’s essential to understand the pros and cons of this investment service.
PROs
- Access to expert research, allowing you to make better-informed decisions.
- A wide range of data sources for up-to-date news and market insights.
- Diversified portfolio recommendations to help you reach your financial goals.
- Professional guidance from experienced advisors who can provide valuable advice.
- Automated trading tools that can simplify the process of investing.
Cons
- The cost of the service may be too high for some investors.
Which is better, Zacks or Morningstar?
Investors often debate whether to choose Zacks Premium or alternatives such as Morningstar and Seeking Alpha when choosing an investment tool.
While each platform has unique features and benefits, Zacks Premium has a few key advantages that make it a better choice for investors.
Firstly, Zacks provides exclusive access to analyst recommendations and estimates that are more reliable. Additionally, their proprietary stock rating system gives users insights into the performance of stocks compared to their peers.
Conclusion
Is Zacks premium worth it? Yes! Investing with Zacks Premium is an excellent option for any investor looking to get the most out of their stock trading in years to come.
Zacks Premium has something for every investor with a suite of research tools, advanced portfolio analysis, and personalized investment recommendations.
It provides actionable stock analysis and trading insights to help investors make informed investment decisions.
The service also offers an impressive array of educational resources, making it an ideal choice for those just starting or who want to learn more about trading and investing.
If you want to try out Zacks Premium now and take your stock trading to the next level, click here.
