Len Zacks founded Zacks Investment Research in 1978 from his research at MIT to obtain a PhD. His research went beyond conventional earnings forecasts and centred on Wall Street analysts’ revisions to earnings estimates. Chicago serves as the company’s headquarters.
He discovered that stocks tended to perform better than other stocks if analysts raised their earnings estimates. The market generally underperformed stocks that were downgraded from buy to sell.
For analysts to inform their clients, Zacks Research offers analysis and financial data through watchlists, research reports, charts, and other information. Additionally, the business provides Zacks Ranks service, which rates stocks on a scale of one to five, with one denoting a strong buy. Both highly experienced traders and beginners can trade stocks on its Zacks Trade platform.
How Does This Platform Work?
You can browse Zacks’ homepage to see what it offers. Start at the home page and click the “Join” link at the top of the screen on the far right to sign up for its service and choose to pay for it or use the free version.
You’ll then be directed to the Zacks Membership page. Its free service includes a portfolio tracker and an e-newsletter. The more premium levels, Zacks Ultimate and Zacks Premium, offer free 30-day trials.
Giving your email address is the first step in registering for a free membership. Before actually confirming your free subscription, it requests your contact information. Similar rules apply to paid subscriptions, including a risk-free 30-day trial.
The Cost of Zacks Investment Research
Zacks Investment Research has four levels that you can subscribe to. One of these four levels is free, while the other three are paid Zacks membership levels.
Free Membership Level
Being able to access Zacks Rank for exchange-traded funds (ETFs, mutual funds, and stocks may be one of the top advantages of free membership. A portfolio tracker, free articles, charts, basic research, and stock prices are all accessible with a free membership. Stocks are ranked by Zacks Rank on a scale from one to five. No. 1 at the top denotes a “strong buy.”
Zacks Premium Membership Level
Zacks Premium has an annual cost of $249. In addition to adding industry rankings, premium screens, and equity research reports, it has everything from the free version. It features the Zacks Stock Screener, which enables users to browse and sort through stocks based on criteria like dividends, returns on price changes, changes to earnings per share, and investment through Zacks Rank.
Day traders and long-term investors alike might gain additional advantages from Zacks Premium.
Zacks Investor Collection Membership Level
The Zacks Investor Collection membership, intended for long-term investors, costs $59 monthly or $495 for an entire year. Users receive real-time buy and sell signals from its long-term investor portfolios, research reports, and all of the premium research tools.
Zacks Ultimate Membership Level
Zacks Ultimate has a yearly price of $2,995 or $299 monthly. To find the best ones suitable for your trading style and risk tolerance, you can sample a number of investment strategies. These cover tips for stocks under $10, value investors, ETFs, income, and investors looking for a home run.
Everything offered by the first two plans is included in Zacks Ultimate, together with a collection of the top ten tools and stocks for both long- and short-term investors using any type of investment strategy.
Investors can use the trading platform Zacks Trade to trade stocks for 1 cent per share and a minimum of $2,500 in their brokerage account. Still, it is not included in paid or free memberships.
Zacks Investment Research Is Best For:
Beginners who want to try out Zacks Investment Research’s free version can’t go wrong by looking around the website. Reviewing the “strong buy”-rated Zacks Rank stocks and putting a little extra money into one for a while sounds appealing.
2. Long-Term and Short-Term Investors
Long-term investors and day traders might want to consider the platform’s premium services. Zacks Ultimate is pricey ($2,995) for a year, but the added insights might be worth it.
3. Investors Seeking Unbiased Data
Zacks is a worthwhile option to at least consider before purchasing a stock, mutual fund, or ETF, thanks to the Zacks Ranks lists and other data. The Zacks Stock Screener allows you to filter various metrics, which can lead to information overload or enable you to choose the ones most important to you. This is far superior to simply speaking with your real estate agent.
A plethora of data can be daunting. By offering data in the Zacks Stock Screener so you can select data points that are essential to you and capable of meeting your tolerance for investment style and risk, Zacks Investment Research can make stock selection much more straightforward. Try out the free version for one month before deciding whether paying $249 or more for one year is worthwhile.
To take advantage of this trading platform, click the link below.