Category: Stock

The statisticians tell you inflation is back to acceptable levels. And yet prices are up double digits in three years. The cognitive dissonance is causing political anguish all over the world.

In Europe, they’re even back to electing right wing politicians in response to inflation. It’s like déjà vu all over again.

In the US, the cost of living has become a joke…literally:

The Japanese have chosen a monetary hard-liner as their next Prime Minister, causing stocks to crash 4% in a single day.

Here in Australia, the central bank still isn’t tempted to cut rates, only adding mortgage agony to the pain of high prices.

But for a select group of people, the cost of living is actually crashing.

Today, I’ll reveal their secret to you: the Solomonic Gold.

The gold standard is just a political promise

In 1971, President Nixon closed the gold window. Like all government programs, it was a temporary measure (that’s still in place today). But it removed the last link between money and gold.

Over the next few decades, the US dollar lost almost all its value against gold. And consumer prices went berserk.

The old adage that only gold can keep a politician honest was proven once again. Given the power to print money, our leaders simply cannot help themselves.

But being on a gold standard alone isn’t enough to prevent inflationary episodes. The history of gold standards is a long and sordid tale of debasements and devaluations. And that story continues today.

Zimbabwe has a gold backed currency. And yet, the BBC reports how this plays out in political reality:

‘Zimbabwe’s central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country’s volatile economy, is in trouble.

‘The Zig, which stands for Zimbabwe Gold, was launched over six months ago and is the country’s sixth currency in 25 years.’

Ghana’s vice president has plans to back the country’s currency with gold, too. Think it’ll last?

No, in other words, the gold standard is no better than a political promise.

But what’s the alternative? How can you access the benefits of a gold standard without having to rely on politicians to remain true to it?

It’s time to create your own “gold standard”

All you need to do to escape inflation is buy gold. It’s that simple – one transaction.

Here’s how it works…

In 2016 BullionStar did the maths for the preceding 500 years. It concluded that gold’s purchasing power is volatile in the short term, but remarkably stable over the long term:

‘[…] while there is no exact constant in economics, the stability of gold’s purchasing power is unprecedented. Not only on a gold standard the metal shows it’s constant nature, but also off the gold standard gold’s purchasing power is remarkably constant, albeit more volatile in the short term.’

This in stark contrast to the fiat money system, which has crashed in value over time. About 300 years ago, the gold price set by Sir Isaac Newton as Master of the Mint was about £4.30. Today, the gold price is around £2,000.

In case you don’t believe inflation statistics going back 500 years, like me, consider this comparison from Doug Casey of Casey Research in 2009.

He uses US dollars and silver instead of gold for some of the analysis because it was the currency for common use, historically speaking. But the extraordinary stability of both over long periods of time is obvious:

‘Gold’s primary purpose is to preserve your purchasing power. Whether it be roaring inflation, or dollar debasement, or economic upheaval, or out-of-control government spending, it has been the absolute best form of protection throughout the history of mankind. And I can prove it.

‘1979: Gold’s average price that year was $306.68. This bought an average-priced full size bed.

‘30 years later, $950 would still buy you a full size bed.

‘Time of Christ: Under the Roman Empire, an ounce of gold purchased a Roman citizen his toga (suit), a leather belt, and a pair of sandals.

‘Today, one ounce of gold will still buy a man a suit, a leather belt, and a pair of shoes.

‘400 BC: Some scholars report that during the reign of King Nebuchadnezzar, an ounce of gold bought 350 loaves of bread.

‘Today, an ounce of gold still buys about 350 loaves ($950 divided by 350 = $2.73/loaf).’

Casey’s list goes on and on. Right back to King Solomon buying horses 1000 BC. But I’m sure you get the idea.

Here’s a more recent example from my friend and fellow Australian Cameron Parry. He’s the founder and CEO of something called TallyMoney. It offers a regular bank account with a debit card, but keeps your bank balance in gold.

For now, the service is only offered in the UK. But consider the results. The price of a new iPhone has crashed 30% in two years for those keeping their savings with TallyMoney. And that’s for the newer model, too.

The point is, owning gold protected your purchasing power and then some. Whether you count the last 3000 years or two years, it has protected people from inflation.

But it’s not the only option out there to escape Australia’s cost of living crisis.

In fact, my friend Ryan Dinse reckons there’s an even better one.

Regards,

Nick Hubble,
Editor, Strategic Intelligence Australia

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Nick Hubble found us at Fat Tail Investment Research in 2010 after a stint inside Wall Street’s most notorious bank, Goldman Sachs, during the 2008 GFC. That’s where he saw the true nature of the investment banking business. Since then, he’s been the editor of the Daily Reckoning Australia and the UK-based Fortune & Freedom and Gold Stock Fortunes.

He’s delighted to work as Investment Director and Editor for Jim Rickards’ Strategic Intelligence Australia. Here he helps turn Jim’s big-picture views into specific actionable advice and ideas for Australian investors.

Europe is preparing for a colder winter this year as meteorologists see an 80-85% probability of the La Niña phenomenon developing, bringing cooler weather to the Atlantic Coast as soon as October.

– According to forecasters, France, the United Kingdom, and Scandinavia will be the coldest parts of Europe this month, whilst the Eastern Mediterranean will continue to see extreme heat, above 90° F.

– European gas inventories are now 94% full, with Denmark being the only country with stocks below 70% fullness, whilst the UK might need to ramp up its purchases of US LNG as its inventory rate stands at 57%.

– The prospect of colder weather has started to push TTF futures higher, with the November contract currently trading at €38 per MWh ($13.5 per mmBtu), just as the Old Continent’s LNG imports dipped to their lowest this year, posting 6.4 million tonnes in September.

Market Movers

– Privately held US shale producer Validus agreed to purchase rival Citizen Energy in a deal worth more than $2 billion, including debt, marking yet another episode of consolidation in the US upstream sector.

– Renewable fuels refiner Vertex Energy (NASDAQ:VTNR) has filed for bankruptcy and is exploring a sale, driven under by a failed foray into biodiesel at its 75,000 b/d refinery in Mobile, Alabama.

– China’s Guangdong Energy Group is set to commission a new $1 billion LNG import terminal in Huizhou in Guangdong province, boasting a capacity of 4 mtpa, with ExxonMobil (NYSE:XOM) securing 20-year access.

Tuesday, October 01, 2024

OPEC+ is facing an uphill battle as its ministerial panel is set to meet on October 2 to discuss the current state of the oil markets. Brent futures edged lower to $71 per barrel on news of Libya’s eastern government potentially lifting the oil embargo, with fear of more crude supply overpowering positive stimulus developments from China.

US Oil Demand in the Summer Surprises to the Upside. According to EIA data, US oil demand rose in July to the highest seasonal level since 2019, rising 1.2% from June to a total of 20.48 million b/d, driven by a post-pandemic peak in jet fuel demand and seasonal highs in gasoline and diesel.

Mexico Ships Its First Ever Export LNG Cargo. US LNG developer New Fortress Energy (NASDAQ:NFE) has shipped the first-ever export of liquefied gas from Mexico from its 1.4 mtpa capacity Altamira plant, with the Energos Princess carrier sailing towards a yet unknown European destination.

Libya Agrees on New Terms for Central Banks. Libya’s eastern government based in Benghazi agreed earlier this week to approve the nomination of Naji Mohamed Issa Belqasem as governor of the central bank, potentially paving the way for the gradual lifting of the oil embargo that’s still in place.

Siemens Turn Too Competitive. The US Justice Department fined the American subsidiary of Germany’s industrial giant Siemens Energy $104 million over alleged misappropriation of confidential information from GE and Mitsubishi Heavy Industries to win a bidding process for a gas turbine plant in Virginia.

OPEC Members Vie for Disputed Islands. Two African OPEC members, Gabon and Equatorial Guinea, have started legal proceedings at the International Court of Justice over the maritime delimitation of two small islands in the Gulf of Guinea, Cocotier and Conga, believed to contain untapped oil reserves.

Iron Ore Spikes on Easier Chinese Homebuying. Iron ore futures rose more than 10% this week after Shanghai, Guangzhou, and Shenzhen loosened rules on home buying, including lower downpayment ratio and laxer mortgage refinancing rates, sending Singapore benchmark prices to $110 per metric tonne.

The Fight Is On for Citgo Assets. Amber Energy, an affiliate of private equity group Elliott Investment Management, has been selected as the top bidder in an auction for Venezuelan-held US refiner Citgo, with a bid of $7.286 billion, expecting to keep the brand and close the deal by mid-2025.

French Major Eyes Pioneering Suriname Project. France’s energy major TotalEnergies (NYSE:TTE) is set to kickstart Suriname’s first-ever offshore project, the $10 billion Gran Morgu development located in Block 58 some 140 km off the coast, tapping into some 700 million barrels of oil equivalent.

Japan Wants LNG Deals Destination-Free. Japan’s LNG importers have asked the Tokyo government to help negotiate better terms on long-term supply deals, potentially lifting strict destination clauses on Qatari exports as recent terms on the latter’s recent deals with Germany are believed to be more flexible.

Britain Becomes First G7 Nation to Fully Shed Coal. The country that industrialized coal, the United Kingdom shut down its last coal-powered thermal plant in Ratcliffe-on-Soar this week, becoming the first G7 country to fully shed coal energy and ending over 140 years of coal generation in the country.

Israel Attacks Yemen’s Key Port. Israel attacked oil storage units and energy infrastructure at the Red Sea ports of Hodeidah and Ras Isa in Yemen the day after Israel’s assassination of Hezbollah leader Hassan Nasrallah, raising the geopolitical risks of further escalation in the Middle East.

White House Ramps Up SPR Buying Before Election. The US Department of Energy bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, with more than half coming from ExxonMobil (NYSE:XOM) as well as smaller volumes coming from Shell and Macquarie.

Australia Cuts Met Coke Outlook for 2024-2025. Australia cut its projected metallurgical coal exports for 2024-2025 by 6% to 161 million tonnes, down 9 million tonnes from the previous forecast, prompting a rally in Australian coking coal prices as they gained $30 per metric tonne last week and rose above $230/mt.

This morning as I type, off day.

Been talking about it for a while: Hedge Funds are the current buyers of UST paper. They like the short end.

So I’m off to work shortly. Wanted yesterday to open a position in MSTR. Couldn’t get the fill. Today it’s off $10. C’est la vie.

China still moving higher.

Rotation?

jog on
duc

  Today, we delve into the financial fortress that is Fiserv, Inc. ($FI), a stalwart in the bustling field of financial services technology.

$FI is a prominent global provider of payments and financial services technology solutions. Fiserv offers a wide range of financial services, including transaction processing, digital banking solutions, and card issuer services. The company focuses on facilitating electronic payments and automating processes for financial institutions and businesses worldwide.

Founded in 1984 and rooted firmly in Wisconsin, Fiserv has expanded its reach far beyond its humble beginnings Today, Fiserv stands tall with a market capitalization of approximately $102.7 billion, showcasing its substantial impact on the industry.

Fiserv generates revenue primarily through processing services and technology platforms that support various financial transactions and services. The company has consistently shown robust financial performance and is recognized in the industry for its contributions to Financial Technology. Additionally, Fiserv has expanded its capabilities and customer base through strategic acquisitions and partnerships, which have further solidified its position in the financial services technology sector.

Fiserv, Inc. ($FI) has experienced several notable developments and opportunities in the last 30 days, reflecting both its ongoing growth and potential challenges. Recently, Fiserv’s stock reached an all-time high of $203.00, underscoring a strong period of growth with the stock value increasing significantly over the past year. This surge in stock price

reflects investor confidence in Fiserv’s strategic initiatives and robust market position within the financial services technology sector.

However, Fiserv is also anticipating a non-cash impairment charge of between $400 million and $600 million related to the upcoming expiration of its joint venture with Wells Fargo. This charge is significant, but the company has indicated it will not impact its 2024 adjusted earnings per share. Furthermore, Fiserv has secured a multiyear agreement to continue providing processing services for Wells Fargo’s current and future merchant customers, ensuring the continuation of their relationship beyond the joint venture’s expiration .

Fiserv is seizing the bull by the horns with its aggressive management tactics and a dominant presence in the payment processing industry. The strategic acquisition of First Data back in 2019 catapulted Fiserv past its competitors, fueling stable revenue growth and robust free cash flows. The company isn’t just resting on its laurels; it’s pushing into Latin American markets, expanding its reach and enhancing the potential for long-term growth. With earnings expected to surge by 13.85% annually and a whopping 37.5% growth over the past year alone, Fiserv is on a clear upward trajectory. The cherry on top? The small business segment is driving this revenue growth, poised to be a game-changer for Fiserv’s future. This company is a beacon for savvy investors looking for dynamic growth in a solid firm.

In terms of strategic moves, Fiserv has expanded its partnership with PayPal to enhance the checkout processes for U.S. merchants. This collaboration aims to streamline the integration of PayPal and Venmo services, facilitating easier transactions for Fiserv’s client base.

Financially, Fiserv reported a 7% year-over-year increase in second-quarter 2024 revenue, reaching a record $5.11 billion, and a 31% increase in earnings for the same period. The firm also successfully completed a public offering and issuance of senior notes totaling $1.75 billion. These financial maneuvers have been well received by analysts from prominent financial institutions.

Here is a revenue and earnings table for $FI going back to 2019.

What is notable is that revenue has grown 87% over the last 5 years. But what has Wall Street buzzing with enthusiasm is that earnings have grown by 244% over the same time frame. When earnings grow almost 3 times faster than revenue it is impressive and spells huge growth and value.

Overall, Fiserv appears well-positioned in the fintech landscape with strong financial performance and strategic partnerships that bolster its market standing.

Investors should note the company’s prudent financial management, evidenced by a debt-to-equity ratio of 0.89, signaling a balanced approach to growth and financial stability.

Fiserv’s competitive edge is sharpened by its comprehensive suite of services that covers everything from electronic funds transfer to innovative payment solutions. Despite fierce competition from the likes of PayPal and Square, Fiserv’s diverse offerings and strategic market positioning ensure it remains a step ahead.

Recent months have seen Fiserv not resting on its laurels but rather forging significant partnerships. Notably, its collaboration with PayPal to enhance U.S. merchant checkout processes stands out as a testament to its strategic foresight. Furthermore, being ranked No. 1 in the IDC FinTech Rankings underscores its industry dominance.

What Wall Street Analysts are most concerned about is susceptibility to economic downturns due to reliance on the financial sector along with rapid technological changes and intense sector competition.

In this weekly stock study, we will look at an analysis of the following indicators and metrics which are our guidelines which dictate our behavior in deciding whether to buy, sell or stand aside on a particular stock.

· Wall Street Analysts Ratings and Forecasts

· 52 Week High and Low Boundaries

· Best-Case/Worst-Case Analysis

· Vantagepoint A.I. Triple Cross Indicator

· Neural Network Forecast (Machine Learning)

· VantagePoint A.I. Daily Range Forecast

· Intermarket Analysis

· Our Suggestion

While we make all our decisions based upon the artificial intelligence forecasts, we do look at the fundamentals briefly, just to understand the financial landscape that $FI is operating in.

Wall Street Analysts Ratings and Forecasts

Here’s what the street is saying, folks—24 Wall Street wizards have been busy crunching numbers on Fiserv, and here’s the scoop: they peg the average target at $187.39. But hold on, it gets juicier. The most bullish of the bunch are aiming high at $203.00, while the cautious lot are hedging their bets and stating that their most bearish forecast is around $160.00.

What we always advise traders to do is to pay very close attention to the variance between the most bullish and most bearish forecasts as this is how the future volatility gets baked into price. Currently this variance is $43 or 24% of the most recent close. This percentage is noteworthy as in many cases uninterrupted rallies or declines will be within this percentage when measured from bottom to peak.

This level of volatility is moderate and very comparable to anticipated price action in the broader stock market indexes as well.

52 Week High and Low Boundaries

Over the last 52 weeks $FI has traded as high as 181.88 and as low as 109.12.

In our analysis we find it very valuable to look at the variance between the 52-week high price and the 52-week low price. We consider this metric to be a good guide of expected future volatility because it is based upon the most recent year’s price action.

The 52-week boundaries of a stock, marking the highest and lowest prices at which a stock has traded over the past year, are significant indicators for investors, especially for professional traders. These boundaries provide a clear snapshot of a stock’s historical high and low, serving as crucial benchmarks for assessing current price levels relative to past performance. Traders often focus on stocks that continually set new 52-week highs, viewing them as exhibiting sustained strength. This is because a stock that frequently breaks its previous highs is seen as having robust investor confidence and market momentum, qualities that suggest the potential for ongoing upward movement. Buying into these stocks can be a strategic move, as it rides the wave of positive sentiment and market strength, often leading to substantial gains as the stock continues to surge beyond its established boundaries.

You can prove this to yourself by simply studying the chart of $FI over the last year.

For 10 of the last 12 weeks $FI has consistently made new 52-week highs and in the process increased price by 12%.

One of our all-time favorite trading setups is to place assets on our watchlist that are in the process of making new 52-week highs and new 10-year highs simultaneously. $FI meets these criteria as demonstrated on the following 10-year chart.

In 9 of the last 12 months $FI has made new 10-year highs. This metric by itself is very indicative of a stock that is breaking new barriers.

Best-Case/Worst-Case Analysis

One of the most practical and simple ways that a trader can understand the risk versus reward of a potential trade is to measure the rallies and declines of an asset over the past year. By doing so you begin to understand that if the future is anything like the recent past you will comprehend what volatility is and how it manifests in the price action.

To truly grasp market volatility, traders should not just skim but deeply analyze the historical price movements of stocks over the past year. This simple analysis involves mapping out the best and worst scenarios—capturing the best and worst—to visualize and understand the market dynamics thoroughly. This method allows traders to see beyond mere numbers and understand the real-world implications of market swings and their potential impact on investments and trading.

By examining both the strong rallies and the sharp declines, traders can gain a nuanced view of risk and reward. This isn’t just about making tactical moves; it’s about developing a comprehensive strategy that prepares one to handle market uncertainties effectively. The contrast between the heights of market optimism and the depth of pessimism reveals much about potential future movements and prepares traders to make informed, strategic decisions.

Such preparedness is crucial in navigating the often-tumultuous financial markets with confidence and strategic foresight. This methodical approach to understanding price actions—balancing the allure of potential gains against the sobering potential for losses—equips traders with the tools necessary for making prudent, well-informed trading choices.

First, we evaluate the best-case scenario by measuring the strongest uninterrupted rallies.

Next, we look at the worst-case scenario which measures the magnitude of the largest uninterrupted declines.

The bulls have clearly been in control all year in $FI. The declines have been quite moderate in comparison to the rallies.

Next, we like to compare $FI to the broader stock market indexes across multiple time frames. This exercise allows us to comprehend $FI’s performance to the different stock market indexes.

$FI outperformed the broader market decisively.

To get a better understanding of this we can dig down deeper and look at $FI in relation to its main competitors. By doing this following analysis we can see how $FI is positioned in its niche and determine whether it is a leader or laggard.

Out of all its main competitors $FI is clearly the dominant force.

This analysis provides a crystal-clear picture of $FI’s performance over the past year, highlighting how the stock’s gains have measured up against its losses, and the speed with which these changes have taken place. This insight is incredibly powerful—something no trader should overlook. It’s not just about observing the numbers; it’s about understanding the dynamics at play, which can significantly inform our trading strategies moving forward.

The 5-year beta for Fiserv ($FI) is 0.93. In simple terms, beta is a measure of how much a stock’s price moves compared to the whole stock market. For example, if the stock market goes up by 1%, a stock with a beta of 0.93 would typically go up by 0.93%. A beta less than 1 means the stock is less volatile than the market, so Fiserv is slightly less risky compared to the market average. This makes it potentially a safer but still responsive investment option relative to more volatile stocks.

Vantagepoint A.I. Triple Cross  

In the dynamic world of stock trading, identifying trends is crucial, especially for stocks like Fiserv ($FI). This is where the “Triple Cross” strategy, an innovative tool developed by VantagePoint A.I., becomes indispensable. By utilizing three predictive moving averages over short, medium, and long-term periods—specifically 3-day, 8-day, and 18-day—this strategy offers traders early warnings of trend shifts, providing an almost precognitive insight into market movements.

The strength of the Triple Cross lies in its precision and patience. It does not react to the initial signs of a trend shift but waits for confirmation from all three averages. This methodical approach helps sift through the market’s noise, pinpointing solid, actionable signals. This reduces the risk of premature trades based on misleading data, ensuring that every decision is well-grounded.

Ultimately, the Triple Cross isn’t just another trading indicator; it acts as a strategic market sentinel. It meticulously confirms each potential trend shift three times, enhancing the trader’s confidence and readiness to engage in high-quality trades. It’s meticulous in its execution, requiring alignment across all three timeframes before signaling a move, thus filtering out market noise and reducing the risk of premature entries. This disciplined approach ensures that only the most reliable signals guide trading decisions, marking the Triple Cross not merely as an indicator, but as a strategic ally in the volatile trading landscape. This triple validation ensures that traders are making informed, strategic decisions, backed by a robust analytical framework.

Neural Index (Machine Learning)

Neural networks in trading are a form of artificial intelligence designed to simulate the human brain’s information processing capabilities. By analyzing extensive market data, these networks predict future price movements. Each network consists of layers of “neurons” that process parts of the data, enhancing their connections as they learn, which improves prediction accuracy over time.

Traders build these networks by training them with large datasets, such as historical price movements and market indicators. Through repeated analysis and adjustments in neuron connections, the neural network refines its ability to forecast market trends, aligning its internal structure to better recognize data patterns.

In practical terms, traders utilize tools like the Neural Index Indicator on trading charts, which works somewhat like a traffic light, signaling when the market conditions appear strong or weak. This indicator, when used alongside others such as the Triple Cross Indicator, helps traders pinpoint optimal trading times. This combination of advanced analytical tools enables traders to execute trades with greater precision, emphasizing accuracy over speed, and aiding them in making well-informed trading decisions.

VantagePoint Software Daily Price Range Prediction

Alright folks let’s cut to the chase. In the trading game, timing isn’t just a nice-to-have, it’s the whole game. For those Power Traders out there, the VantagePoint A.I. Daily Range Forecast isn’t just a tool, it’s their secret weapon. It’s all about nailing those precise moments to jump in or bow out, making or breaking a trade.

Now, volatility is a constant shadow, always there, but simply having data isn’t enough anymore. You’ve got to leverage it—turn it into actionable insights with the big guns: A.I., machine learning, neural networks. These aren’t just tech buzzwords, they are essential tools that sharpen your edge, slicing through the noise with clear, precise forecasts.

Here are the daily, weekly, monthly average trading ranges for $FI over the past year.

But what counts in the trading world is identifying those perfect moments for entry and exit.

You want to know precisely when to jump in and when to step out, right? Well, the Daily Range Forecast chart is like your personal navigation system in the bustling world of trading. It sets the course for short-term trades with the kind of precision you need to maneuver through the market’s twists and turns effectively. No guesswork is involved as the forecast provides an exact trading range for the following day and the trend is clearly delineated.

Here’s the bottom line: in the fast-paced arena of trading, precision isn’t just useful—it’s crucial. Armed with VantagePoint A.I.’s Daily Range Forecast, you’re equipped not just to survive but to excel. This tool uses artificial intelligence to predict the market’s next moves with remarkable accuracy, offering you the insights to time your trades expertly. Remember, staying ahead of the curve in trading isn’t just beneficial—it’s imperative.

Intermarket Analysis

Intermarket analysis provides a sophisticated framework for understanding how various financial markets—such as stocks, bonds, commodities, and currencies—are interconnected, shedding light on the potential ripple effects across these sectors. Pioneers like John Murphy have illustrated how movements in one market can presage changes in another, helping traders to predict trends and refine strategies. Lou Mendelsohn’s application of AI through tools like VantagePoint leverages these insights, enabling traders to navigate market dynamics with greater precision.

For companies like Fiserv ($FI), understanding these connections is crucial. For instance, the relationship between stock prices and interest rates is typically inverse; as interest rates climb, borrowing costs rise, potentially dampening corporate profits and investor enthusiasm for stocks. Additionally, the strength of the U.S. dollar can influence sectors relevant to Fiserv’s operations, including technology and financial services, as well as impact commodity prices, thereby affecting broader economic conditions.

Moreover, for a global entity like Fiserv, currency market fluctuations play a significant role. The company’s international revenues can be heavily influenced by currency swings, impacting overall financial performance. By integrating intermarket analysis, companies and traders can gain a more holistic view of the market forces at play, better positioning

themselves to anticipate shifts and devise robust strategic responses to complex global market dynamics.

Our Suggestion

Fiserv has demonstrated a strong financial performance over the past year, with its stock appreciating by 60%. This surge can be attributed to several key factors highlighted in their recent earnings calls. The company has seen significant organic revenue growth, particularly from its Merchant Solutions and Financial Solutions segments, which have been central to their strategic realignment and growth initiatives.

Financially, Fiserv has been focusing on enhancing operational performance and expanding its integrated portfolio of products and solutions. This approach has led to notable increases in adjusted revenue and earnings per share, which have consistently exceeded market expectations. Their strategy includes leveraging advanced technologies like A.I. to refine their service offerings, which has evidently paid off given their strong financial outcomes.

However, trading or investing in Fiserv ($FI) does come with risks. The company operates in a highly competitive and rapidly evolving industry, where technological advancements and market dynamics can shift quickly. Regulatory changes, economic fluctuations, and potential security breaches are additional risks that could impact their operations and financial standing. Despite these challenges, Fiserv’s continued focus on innovation and strategic market positioning provides them with significant growth opportunities, particularly in digital banking and e-commerce solutions.

$FI deserves to be on your trading radar.

The next earnings call for $FI is 10/22/2024 and analysts are particularly interested in growth in the international markets.

Use the daily forecast for shorter term trading opportunities.

Practice good money management on all your trades.

Let’s Be Careful Out There!

It’s Not Magic.

It’s Machine Learning.

Disclaimer: THERE IS A HIGH DEGREE OF RISK INVOLVED IN TRADING. IT IS NOT PRUDENT OR ADVISABLE TO MAKE TRADING DECISIONS THAT ARE BEYOND YOUR FINANCIAL MEANS OR INVOLVE TRADING CAPITAL THAT YOU ARE NOT WILLING AND CAPABLE OF LOSING.

VANTAGEPOINT’S MARKETING CAMPAIGNS, OF ANY KIND, DO NOT CONSTITUTE TRADING ADVICE OR AN ENDORSEMENT OR RECOMMENDATION BY VANTAGEPOINT AI OR ANY ASSOCIATED AFFILIATES OF ANY TRADING METHODS, PROGRAMS, SYSTEMS OR ROUTINES. VANTAGEPOINT’S PERSONNEL ARE NOT LICENSED BROKERS OR ADVISORS AND DO NOT OFFER TRADING ADVICE.

In today’s fast-paced world, electronic manufacturing companies are the backbone of technological progress. They produce the devices we use daily, from smartphones to home appliances. Their innovative technologies make communication, work, and entertainment more accessible. In this article, we will see some of the best EMS stocks in India.

These companies drive economic growth by creating jobs and supporting industries. Additionally, they foster technological advancements, improving efficiency in healthcare, education, and transportation. With continuous innovation, electronic manufacturers shape our connected world, simplifying tasks and enhancing convenience.

As a result, they significantly impact our lives, making technology more reliable and affordable for everyone. Their importance continues to grow, powering the digital age and making everyday activities smoother and faster.

Industry Overview

The Electronic Manufacturing Services(EMS) industry is experiencing significant growth. In 2021, the market was valued at $500 billion. It’s projected to reach $790 billion by 2030. This represents a compound annual growth rate of 6% from 2022 to 2030. Europe is expected to be the fastest-growing region during this period. The market’s expansion is evident in the forecast for 2024, which predicts a value of $595.50 billion. This shows steady progress towards the 2030 target.

The EMS sector plays a crucial role in global electronics production. It supports various industries by providing manufacturing and assembly services. The growth reflects increasing demand for electronic devices worldwide. As technology advances, EMS providers are likely to face both challenges and opportunities. They must adapt to new manufacturing techniques and changing consumer preferences. The industry’s future seems promising, with continued expansion on the horizon.

Going forward India being a country with a population of close to 140 crore and rising disposable income will lead to a rise in demand for electrical devices, electricity as well as electrical components. This would result in a boom for the electronic manufacturing companies that are already established in the market. 

List Of Best EMS stocks in India

Amber Enterprises India

Amber Enterprises India, founded in 1990, leads the Indian Room Air Conditioner (RAC) industry. The company excels in backward integration, offering both components and finished goods in the HVAC sector. Their product range includes Room ACs, Critical Components, and Mobility Applications for various transport modes. 

Amber operates 27 state-of-the-art facilities across India, ensuring quick delivery to customers. This strategic placement allows for the efficient production of high-quality products. The company’s strong R&D capabilities further enhance its position in the ODM (Orginal Design Manufacturer) Amber Enterprises has six subsidiaries these are Sidwal Refrigeration Industries Private Limited, PICL (India) Private Limited, IL JIN Electronics (India) Private Limited, EVER Electronics Private Limited, AmberPR Technoplast India Private Limited, Pravartaka Tooling Services Private Limited.

Amber’s revenue decreased from ₹6,927 crore in FY23 to ₹6,729 crore in FY24.  EBITDA improved significantly, rising from ₹471 crore to ₹547 crore year-over-year. This suggests better operational efficiency and cost management. Despite higher EBITDA, PAT declined from ₹164 crore to ₹139 crore.

The company attributes this to increased finance costs and higher depreciation due to recent capital expenditures. Despite recent challenges, Amber Enterprises shows promising signs for future growth. The company faced revenue setbacks due to project delays and shifting railway priorities. However, they’re actively expanding their product range and market reach.

The new SIDWAL facility, set to open in Q1FY26, will boost production capacity. Additionally, Amber is increasing its component offerings to existing customers. They’re also venturing into new markets, with product trials for train components starting soon.

Furthermore, the company has secured orders from international rolling stock companies. With a robust order book and growing momentum in defense applications, Amber seems well-positioned for future success. Their diversification strategy may help offset short-term setbacks in specific sectors.

Key Metrics

Kaynes Technology India

Kaynes Technology stands as a leading integrated electronics manufacturer in India. With over three decades of experience, they provide end-to-end IoT solutions and ESDM services. The company serves diverse sectors, including the automotive, aerospace, and medical industries.

Kaynes boasts impressive statistics: 34 years in manufacturing, over 1500 permanent employees, and 10 global certifications. They operate 8 manufacturing plants and 2 service centers across India. Their infrastructure spans 250,000 sq. ft. in 7 Indian cities. Remarkably, Kaynes has satisfied over 250 clients across three continents.

This extensive reach and experience position them as a major player in the electronics manufacturing sector. Kaynes offers a comprehensive range of services. These include embedded design, firmware development, and mechanical engineering. They also provide prototyping and regulatory certification assistance.

The company specializes in design for manufacturability, serviceability, and testing. Kaynes has evolved into a design-led manufacturer, offering ODM solutions in various fields. They excel in IoT solutions, developing in-house IoT IPs and tools. This approach helps accelerate product development for their clients. Additionally, Kaynes designs custom testing hardware and software, enhancing productivity and reducing development time for their customers.

Kaynes Technology’s revenue for FY24 rose to ₹1804.6 crore, a 60% increase from FY23’s ₹1126.1 crore. EBITDA also improved, reaching ₹2,54.2 crore in FY24, up 51% from ₹168.3 crore in FY23. Net profit after tax (PAT) nearly doubled, growing 93% to ₹183.3 crore from ₹95.2 crore. These strong results reflect the company’s solid growth trajectory. Their order book too showed significant growth jumping from 4,115 crore in FY24 to 5,039 crore in FY25.

Key Metrics

Dixon Technologies(India)

Dixon Technologies(India), founded in 1993, the company boasts of 21 state-of-the-art manufacturing facilities with 3 R&D centers in India and China, with a headcount of 22000+ employees. has emerged as the leading player in India’s electronic manufacturing services (EMS) industry.

Starting with color television manufacturing in 1994, Dixon has expanded its operations to diverse electronics sub-segments. As the largest homegrown design-focused solutions company, Dixon manufactures a wide range of products, including consumer electronics, home appliances, lighting, mobile phones, CCTV & DVRs, wearables, and refrigerators.

Additionally, Dixon provides reverse logistics services for LED TV panel repair and refurbishment. With state-of-the-art manufacturing facilities across India and an R&D center in India and China, Dixon has established itself as a trusted manufacturing partner for leading global and domestic brands. 

Dixon’s revenue for FY24 rose to ₹17,713 crore, a 45% increase from FY23’s ₹12,198 crore. EBITDA also improved, reaching ₹720 crore in FY24, up 39% from ₹518 crore in FY23. Net profit after tax (PAT) shot by close to 47%, to ₹375 crore from ₹255 crore. These strong results reflect the company’s solid growth trajectory.

The majority of the revenue is derived from the Mobile & EMS division the contribution of which has gone up from 43% in FY23 to 62% in FY24. So with the rise in the usage of mobiles, the company is well positioned to expand its business, thus placing it at a sweet spot to enhance its growth.

Key Metrics

Also read…

Cyient DLM

Cyient DLM has over 30 years of experience in manufacturing, providing cutting-edge solutions to multiple industries. With three state-of-the-art manufacturing facilities across Hyderabad, Bengaluru, and Mysuru, the company occupies 350,000 square feet of production space. They deliver high-quality, reliable systems with an expert team of 900+ associates and 7,000+ design associates from Cyient Services.

Cyient DLM achieved remarkable financial growth in FY24 compared to FY23. Revenue increased by 43.2%, reaching ₹1192 crore. EBITDA grew by 26.5%, totaling ₹111 crore. Despite a 124 bps drop in EBITDA margin to 9.3%, the company maintained strong performance. Additionally, PAT saw an impressive 92.9% rise, climbing to ₹61.2 crore. These figures highlight Cyient DLM’s ability to deliver higher profitability while continuing to expand its operations and generate value for stakeholders.

In FY24, Cyient DLM’s revenue mix shifted, with defense rising to 49% (from 37%) and aerospace to 24% (from 20%). Industrial revenue dropped to 16% (from 27%), and Med Tech declined to 8% (from 13%). Rail remained steady at 2%. These changes highlight a growing focus on defense and aerospace over industrial and Med Tech sectors.

The company aims to drive growth through three strategies: strengthening its core business by securing strategic deals and enhancing B2S offerings, pursuing inorganic expansion via acquisitions in North America and EMEA regions, and entering new industries and geographies, such as electric vehicles and 5G. By focusing on client proximity and tapping into emerging EMS markets, the firm plans to expand capabilities and market presence across disruptive sectors, achieving significant growth.

Key Metrics

Syrma SGS Technology

Syrma SGS, a leading electronics manufacturer, began in 1976 as part of the Tandon Group, establishing South Asia’s first HDD manufacturing unit. After over four decades of growth, it now operates in 25+ countries. Formed by the merger of Syrma and SGS Tekniks, the company serves global and Indian clients with products like PCBs, magnetic disc drives, coils, and RFID tags.

Syrma pioneered electronics manufacturing in India since the late 1970s, while SGS Tekniks initially focused on the automotive sector in North India. Together, they have 18 advanced manufacturing facilities and 3 R&D centers.

Syrma SGS showed strong financial performance in FY24. Their total revenue grew by 54% year-over-year, reaching ₹3,212.4 crores from  ₹2,092 crores. The company’s EBITDA also increased by 11%, totaling ₹257 crores. Profit After Tax saw a modest 1% growth, amounting to ₹124.3 crores. These figures demonstrate the company’s ability to boost revenue and maintain profitability in a challenging market.

The revenue mix for FY24 reveals diverse industry contributions. Consumer electronics led with ₹1,260.8 crores, showing a remarkable 91% growth. The auto sector followed at ₹649.5 crores, up by 61%. Industrials contributed ₹833.3 crores, increasing by 30%. Healthcare saw ₹252.8 crores, growing 55%. However, IT and Railways declined by 13% to ₹157.4 crores. Overall, the total revenue reached ₹3,153.8 crores, marking a 54% year-on-year growth across segments.

Syrma SGS aims to strengthen its market position by focusing on technology innovation, strategic acquisitions, expanding into new industries, partnering with marquee clients for high-value contracts, and driving operational efficiencies to enhance performance and maintain competitiveness in the electronics manufacturing sector.

Key Metrics

Conclusion

The electronic manufacturing services(EMS) sector is vital for technological advancement and economic growth. Companies like Amber Enterprises, Kaynes Technology, Dixon Technologies, Cyient DLM, and Syrma SGS demonstrate robust performance and innovation.

Their ability to adapt to market demands positions them for future success. As the industry evolves, these firms face challenges but also significant opportunities. They are expanding product lines and entering new markets, ensuring continued relevance.

Questions for the readers: How will these companies navigate emerging technologies? What role will consumer demand play in shaping their strategies? The future of EMS in India looks promising, driven by innovation and market expansion. Comment below.

Written By Dipangshu Kundu

By utilizing the stock screener, stock heatmap, portfolio backtesting, and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks, also get updated with stock market news, and make well-informed investments.

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Interested in exploring the crypto market but uncertain about how to start? Social trading with the DeXe network offers an easier approach, allowing investors to replicate the trades of seasoned traders and benefit from successful transactions. With robust tools, you maintain complete control over your investment decisions.

But before we present how DeXe social trading works, you need to better understand the concept of social trading. We should first define this notion and present its main characteristics before explaining how it works.

Social Trading: Definition

Social trading, also known by other names such as mirror trading, is an online trading technique that emerged with technological developments.

This trading approach focuses on novice investors who wish to benefit from the experience of professional traders. With just basic knowledge of technical analysis, you can generate profits quickly.

It is a social network where traders share trading tips and allow novice traders to follow their investment strategies.

Social trading activity allows novices to familiarise themselves with market trends, learn new investment strategies, and avoid significant losses. In short, this collaborative approach facilitates the entry of new investors into the stock market.

Key Features And How It Works

First of all, it is important to note that social trading provides easy access to the financial markets, especially as you interact with other experienced traders to find a common investment strategy.

As a social trader, you can use a community trading site like DeXe or take advantage of the information and advice available in stock market forums.

Regardless of the technique chosen, advice from seasoned traders is favoured on social networks. However, we believe that adopting a social trading platform is better because it automatically shares trading strategies and advice thanks to the “Mirror Trading” or “Copy Trading” function. Also, you can subscribe to a professional investor’s channel to receive their positions in real-time.

Moreover, one wonders if the copied trader does not earn something in return. Obviously, it all depends on the forum or platform you have chosen.

It’s good to know that the best traders can be rewarded with a commission on your profits or a ranking based on their success rate.

What Assets Can You Trade?

If you choose to trade socially, just know that it gives you the opportunity to trade on a wide variety of financial markets. Here is a list of the different types of assets that can be invested in social trading:

• Forex: Forex currency pairs are the most popular assets for social trading. Some of the most traded currency pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, and NZD/USD.
• ETFs: Exchange-traded funds (ETFs) are also popular in social trading. ETFs provide exposure to a specific market or sector, making them an ideal diversification tool for investors.
• Stock indices: Stock indices, such as the Dow Jones, CAC 40, FTSE, DAX, Nikkei, and many others, are very popular assets for social trading. Investors can invest in a specific stock index to track the performance of the entire stock market.
• Stocks: Stocks are also common assets for social trading. Stocks of major companies such as Netflix, Facebook, Google, Apple, and others are popular among investors.
• Cryptocurrencies: Cryptocurrencies, such as Bitcoin, XRP, Ethereum, and others, are popular assets for social trading. Cryptocurrencies offer high growth potential but are also a synonym for high risk due to their volatility.

What is DeXe.network?

The DeXe.network project, or DeXe, presents itself as a decentralised “social trading” platform designed to follow the best traders’ strategies. This platform provides a complete copy trading tool in decentralised finance (DeFi).

To do this, any user must connect to DeXe.network, a wallet of which he holds the private key, such as MetaMask or Trust Wallet (excluding those of centralised platforms). 

Then, he can choose a trader or a group of traders according to their performance and subscribe to them.

Once you follow a trader, DeXe.network copies their transactions based on the parameters predefined by the user himself. For example, the user can request manual confirmation before each operation.

As for traders wishing to share their operations, they simply need to install a specific plugin on their browser and then establish a connection between the Exchange and DeXe.network. After that, they can define the desired payment option for those copying their operations, either a fixed payment or a percentage of the profit made.

When it launches, the DeXe network ecosystem will already be complete, featuring support for major decentralised exchanges like Uniswap, DeFi protocols such as Balancer and Curve, and protocol aggregators like 1inch.

Major centralised exchanges will also be able to be connected to DeXe.network, including Huobi Global, Binance, OKEx, Bittrex, and Bitfinex.

DEXE/USDT 5-Day Chart

The DEXE DAO Governance Token and Its Use Cases

To ensure the decentralisation of its ecosystem, DeXe.network is equipped with a governance token, the DEXE. Holders of this ERC-20 token will play a role in the platform’s future development, in particular by proposing potential modifications and approving or rejecting them by vote.

When a DeXe.network user makes a profit, the protocol’s smart contract will automatically deduct a 30% commission on their income and buy the same amount of DEXE tokens on the market.

Then, there are 3 parts of these tokens. One part will be burned, the second will be an insurance fund, and the third will be distributed to DEXE token holders.

DeXe.network presents itself as an interesting solution for copying the portfolio movements of experienced traders, particularly those specialized in DeFi tokens. 

By operating in a decentralised manner and letting the user decide on the execution of operations, DeXe.network brings some novelties to the field of copy trading.

However, this method of portfolio management is not without risks. If you aim to venture into it, be very rigorous in choosing the trader you follow, and select a person who obtains good performance over the long term, whether in an upward or downward trending market.

B-Stock began launching our employee resource groups (ERGs) in 2022 as part of company-wide DEI initiatives. ERGs are voluntary, employee-led groups that unite people as members and allies of a shared community to further foster a diverse, inclusive workplace.

Since kicking the program off, B-Stock has launched four ERGs, all based on employee polling and input. Each ERG has at least two co-chairs who develop programming that aligns with the group’s mission and objectives, provide resources to members, and collaborate with an executive-level sponsor to ensure company alignment of goals. Executive sponsors are essential advocates for our ERGs within the organization.

Let’s get to know B-Stock’s ERGs and hear from one of each group’s respective co-chairs!

B-Pride

B-Pride was the first ERG launched at B-Stock. The B-Pride ERG serves as a network and a resource for the LGBTQ+ community, including allies. It aims to create a culture at B-Stock that is welcoming, accepting, and inclusive for all.

B-Pride regularly hosts monthly coffee chats and has organized volunteer challenges, art workshops, film screenings, and most notably, sponsored Orlando’s Come Out With Pride event in 2023 and 2024.

Chairs: Anna Slayton, Andrea Vargas, and Elliot Miller
Founded: June 2022

What the B-Pride co-chairs have to say:

“My favorite program B-Pride has put on is the annual volunteer challenges we run in honor of National Volunteer Month. The support from our employees, who volunteer their time to causes they care about, and B-Stock, who matches the volunteer hours with a donation to a Pride-centered organization, is truly incredible.”

-Anna Slayton, Co-Chair

“Being a co-chair for B-Pride has been an incredibly rewarding experience. I want folks to know there is always a community out there for you – sometimes, you have to be the one to raise your hand. It doesn’t take long until you’re watching it grow before your eyes.”

-Andrea Vargas, Co-Chair

“One of my favorite events I’ve organized for the B-Pride ERG has been the Spreading Trans Joy letter writing campaign during our community engagement volunteer challenge. Two summers in a row now we’ve been able to write letters with messages of love, support, and hope to be included in care packages for people in Orlando’s trans community.”

-Elliot Miller, Co-Chair

B-IPOC

The B-IPOC ERG provides a support network for those who identify as Black, Indigenous, or Persons of Color (BIPOC) here at B-Stock. B-IPOC promotes discussion on (and advocates for) issues affecting the BIPOC community and promotes cultural awareness and connection.

B-IPOC has hosted film screenings and cooking classes, organized Juneteenth and Black History Month programming, and sponsored members to attend leadership conferences like AfroTech and Women of Power.

Chairs: Brandon Jackson and Ashonte Threadgill
Founded: November 2022

What the B-IPOC co-chairs have to say:

“As a co-chair for the BIPOC ERG, I would have to say one of my proudest moments has been the branching off of additional ERGs from BIPOC, with the growth of the AAPI ERG that has taken place and the growth that we are starting to see with the Hispanic/Latin X group coming together and planning their events it has been great to see the various groups start to build and grow from what started as BIPOC. It means that the focus and growth for diversity within B-Stock continues to evolve and take shape.

For the last two years that I have been with the company, we have had an action-packed month of programming for Black History Month along with informational takeaways that the employees can take back to share with their families and friends so we are not just teaching our internal employees we are also teaching the communities that they are in.”

-Ashonte Threadgill, Co-Chair

B-WIT

The B-WIT (Women In Technology) ERG provides a support network for women, those who identify as women, and champions of women at B-Stock. B-WIT is dedicated to building a community of individuals who strive to grow professionally and personally while keeping us connected.

B-WIT has organized featured speakers covering topics like work-life balance and the group even sponsors a local roller derby team out of Syracuse, NY! The group also organizes programming for heritage months like Women’s History Month and Breast Cancer Awareness Month.

Chairs: Michele Podesta and Bonnie Page
Founded: March 2024

Here’s what the B-WIT co-chairs have to say:

“B-WIT has been so inspired by the quality conversations and the women and men who have shown up to contribute to our group. We are looking forward to including their ideas and talents in the upcoming year as we launch into being a more established organization!”

-Bonnie Page, Co-Chair

B-AAPI

Our newest ERG is B-AAPI! This ERG provides a support network for those who identify as Asian or Pacific Islander at B-Stock. It aims to empower and celebrate these diverse cultures and often hosts cultural events and educational forums.

To celebrate the Lunar New Year, the AAPI ERG organized in-person lunch celebrations across B-Stock offices with festive staples like moon cakes! Virtually, the ERG hosted a special edition trivia to learn more about what Lunar New Year is and how it is celebrated across the world.

Chairs: Mark Ma and Swara Gandhi
Founded: June 2024

Here’s what the B-AAPI co-chairs have to say:

“By celebrating who we are and where we come from, we inspire change, foster understanding, and build bridges across cultures.”

-Swara Gandhi

“A number of colleagues volunteered to organize an event despite their busy schedules, and it was one of my greatest moments as a co-leader of the B-AAPI ERG. They went above and beyond to engage with the audience and make it interactive. It was much better than if I had hosted it myself. It was rewarding to see people connecting and having fun. I hope to see more of these moments in the future, with more volunteers stepping up.”

-Mark Ma, Co-Chair

****

We hope you’ve enjoyed reading about our ERG program and our four different groups! Hopefully, these are the first of many more! For any questions related to our ERG program, please reach out to [email protected].

The performance data presented represents past performance and is no guarantee of future results. Returns assume all income items are reinvested. Current performance may be lower or higher than the performance data presented. Performance data current to the most recent month end is available on the Fund’s website at TCW.com. Investment returns and principal value will fluctuate with market conditions. The value of an investment in the Fund, when redeemed, may be worth more or less than its original purchase cost.

IMPORTANT DISCLOSURE

This material reflects the current opinions of the author but not necessarily those of TCW and such opinions are subject to change without notice. TCW, its officers, directors, employees or clients may have positions in securities or investments mentioned in this publication, which positions may change at any time, without notice. This material may include estimates, projections and other “forward-looking” statements. Actual events may differ substantially from those presented. TCW assumes no duty to update any such statements. All projections and estimates are based on current asset prices and are subject to change.

Performance Detail as of June 30, 2024

Click to enlarge

Annual fund operating expenses as stated in the Prospectus dated July 29, 2023.

The performance data presented represents past performance and is no guarantee of future results. Total returns include reinvestment of dividends and distributions. Current performance may be lower or higher than the performance data presented. Performance data current to the most recent month end is available on the Fund’s website at TCW.com. Investment returns and principal value will fluctuate with market conditions. The value of an investment in the Fund, when redeemed, may be worth more or less than its original purchase cost. The since inception return for the index reflects the inception date of the MetWest Class I and Class M Share Funds, respectively. For period 6/29/2018 -6/30/2024. Not annualized if less than one year.

Expenses reflect a contractual agreement by the Adviser to reduce its fees and/or absorb certain expenses to limit the fund’s total annual operating expenses until July 31, 2024, unless terminated earlier by the Board of Trustees. Performance would have been lower if fees had not been waived in various periods.

Bloomberg U.S. Corporate Investment Grade Index – An index that measures the investment grade, fixed-rate, taxable corporate bond market. It includes USD denominated securities publicly issued by U.S. and non-U.S. industrial, utility, and financial issuers. The index is not available for direct investment; therefore its performance does not reflect a reduction for fees or expenses incurred in managing a portfolio. The securities in the index may be substantially different from those in the Fund.

“Bloomberg®” and each of the Bloomberg fixed income indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by TCW. Bloomberg is not affiliated with TCW, and Bloomberg does not approve, endorse, review, or recommend any TCW product or portfolio. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to any TCW product or portfolio.

Source: TCW, BNY Mellon

Investment Risks

It is important to note that the Fund is not guaranteed by the U.S. Government. Fixed income investments entail interest rate risk, the risk of issuer default, issuer credit risk, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise and an investor can lose principal. Mortgage-backed and other asset-backed securities often involve risks that are different from or more acute than risks associated with other types of debt instruments. MBS related to floating rate loans may exhibit greater price volatility than a fixed rate obligation of similar credit quality. With respect to non-agency MBS, there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Non-agency MBS are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee. For a complete list of Fund risks, please see the Prospectus.

Glossary of Terms

Agency CMBS– The Agency CMBS market includes various mortgage-backed securities where the underlying assets are commercial real estate, predominantly multifamily properties. They have either an explicit U.S. government guarantee or are guaranteed by one of the Government Sponsored Enterprises. Agency CMO A type of mortgage-backed security issued by government sponsored agencies in which principal repayments are organized according to their maturities and into different classes based on risk. Agency MBS– The purchase of mortgage-backed securities issued by government-sponsored enterprises such as Ginnie Mae, Fannie Mae or Freddie Mac. Asset-Backed Securities– A financial security backed by a loan, lease or receivables against assets other than real estate and mortgage-backed securities. Basis Point (‘bps’)– One hundredth of one percent, used chiefly in expressing differences of interest rates. Bloomberg Aggregate Bond Index or “the Agg” Is a broad-based fixed-income index used by bond traders and the managers of mutual funds and exchange-traded funds (ETFs) as a benchmark to measure their relative performance. Bond– A fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. A bond has an end date when the principal of the loan is due to be paid to the bond owner and usually includes the terms for variable or fixed interest payments that will be made by the borrower. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debtholders, or creditors, of the issuer. Capital Expenditure (‘CAPEX’)– Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. It is often used to undertake new projects or investments by the firm. Cash Flow– The movement of money into or out of a business, project, or financial product. CMBS (Commercial Mortgage-Backed Securities)– A debt obligation that represents claims to the cash flows from pools of mortgage loans on commercial property. CLO(Collateralized Loan Obligations) – A special purpose vehicle (SPV) with securitization payments in the form of different tranches. Financial institutions back this security with receivables from loans. Core Consumer Price Index (Core CPI)– A measure that examines the weighted average of prices of a basket of consumer goods and services excluding food and energy. Core PCE Index– Measures the prices paid by consumers for goods and services without the volatility caused by movements in food and energy prices to reveal underlying inflation trends. Corporate – Of or relating to a bond issued by a corporation as opposed to a bond issued by the U.S. Treasury, a non-U.S. government or a municipality. Corporate Credit– A term that is used in written investment materials and commentaries to refer to a corporation’s debt or to the corporate debt market as a whole. CPI (Consumer Price Index)– A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. Cyclical– A cyclical stock is a stock highly correlated to changes in the economy. Duration– A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Rising interest rates mean falling bond prices, while declining interest rates mean rising bond prices. Federal Reserve(the Fed) – The central bank of the United States which regulates the U.S. monetary and financial system. Floating Rate– Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. FOMC(Federal Open Market Committee) – The branch of the Federal Reserve Board that determines the direction of monetary policy. GDP (Gross Domestic Product)– The market value of all final goods and services produced within a country in a given period of time. High Yield– A bond that is rated below investment grade. Inflation– A condition of a rise in the general level of prices of goods and services in an economy over a period of time. Inflationary– Of, associated with, or tending to cause inflation. Investment Grade– A bond that is rated Baa3/BBB- or higher by Moody’s, Standard & Poors and Fitch. Labor Market– The nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. MBS(Mortgage-Backed Securities) – A type of asset-backed security that is secured by a mortgage or collection of mortgages. These securities must also be grouped in one of the top two ratings as determined by a accredited credit rating agency, and usually pay periodic payments that are similar to coupon payments. Furthermore, the mortgage must have originated from a regulated and authorized financial institution. Monetary Policy– The actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Non-agency – Mortgage backed securities made up of mortgage loans that are not guaranteed by a government-supported agency. Non- Agency MBS– Mortgage backed securities sponsored by private companies other than government sponsored enterprises such as Fannie Mae or Freddie Mac. Non-cyclical– Non-cyclical stocks repeatedly outperform the market when economic growth slows. Non-cyclical securities are generally profitable regardless of economic trends because they produce or distribute goods and services we always need, including things like food, power, water, and gas. Outperform– Outperform is when an investment is expected to perform better than the return generated by a particular index or the overall market. Since the performance of many investments is compared to a benchmark index, outperform refers to generating a higher return than a particular benchmark over time. Outperform also refers to an analyst’s rating on a security, and outperform is a better rating than neutral and worse than a strong buy recommendation. Overweight – A condition where the portfolio exposure to a given asset class (or risk measure) exceeds that of the benchmark index. PCE (Personal Consumption Expenditure)– The primary measure of consumer spending on goods and services in the U.S. economy. S&P 500– The S&P 500 Index, or Standard & Poor’s 500 Index, is a market-capitalization- weighted index of 500 leading publicly traded companies in the U.S. The index actually has 503 components because three of them have two share classes listed. Securitized– When a bank pools together different kinds of loans to clear them off its balance sheet, to free up credit for new lenders, and to create new securities that can be marketed and sold to investors. Spread– The difference between the bid and the ask price of a security or asset. Stagflation– A condition of slow economic growth and relatively high unemployment, accompanied by a rise in prices, or inflation. Tightening– Short for tight monetary policy. A situation in which a central bank enacts relatively high target interest rates to lower the available of credit. Effectively “tightening” the supply of credit. Total Return– The rate of return on a security, including income from dividends and interest, as well as appreciation or depreciation in the price of the security, over a given time period of time. Treasury Yield– The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Underperform– When an investment is underperforming, it is not keeping pace with other securities or indices. Underweight– A condition where a portfolio does not hold a sufficient amount of a particular security when compared to the security’s weight in the underlying benchmark portfolio. Unemployment Rate– The percentage of the total labor force that is unemployed but actively seeking employment and willing to work. U.S. Treasuries (U.S. Treasury Securities)– Bills, notes and bonds that are debt obligations of the U.S. government. Valuations– The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective. Volatility– A measure of the risk of price moves for a security calculated from the standard deviation of day to day logarithmic historical price changes. Yield– The income return on an investment. This refers to the interest or dividends received from a security and is usually expressed annually as a percentage based on the investment’s cost, its current market value or its face value. Yield Curve – A curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. Yield Premium– Additional return. Yield Spread– The difference between yield of a risky asset and the yield of a risk-free asset with similar maturity and duration profile.

For more information about the Fund call us at 800 241 4671.

Visit our web site for a full menu of products and services at TCW.com.

MetWest Funds are distributed by TCW Funds Distributors LLC.

The MetWest Funds are advised by Metropolitan West Asset Management, LLC, which is a wholly-owned subsidiary of The TCW Group, Inc.

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🎮 Free Trial/Discount	-25% During Premium Trial
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Stock Rover is an industry-leading stock screening, research & portfolio tracking service. Benefits include a 10-year historical financial database, earnings, dividend database & Morningstar analyst ratings. Add to this great stock tracking and portfolio analytics, and you have a great choice.

Stock Rover Portfolio Tracking

Stock Rover enables you to powerfully organize and track your stocks with three types of watchlists:

1. Screening Watchlists help you identify potential investments using the extremely powerful stock screening & stock rating engine.
2. Watchlists help you organize your potential buys and report on hundreds of different financial indicators. Powerful, configurable column sets enable you to see exactly what you want.
3. Portfolio Watchlists enable advanced portfolio and analytics reporting. They can be connected to your broker to keep the data in sync or updated manually.

Portfolio Research & News

I rate Stock Rover highly because of its industry-leading stock scanning and screening functionality. It helps you build and track a portfolio of stocks that meet your investing criteria. Stock Rover’s rating engine evaluates a stock’s relative strength compared to its industry and sector competitors.

The list of fundamentals you can scan & filter on is genuinely huge. Any idea based on fundamentals will be covered with over 600 data points and scoring systems.

Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score, and Stock Rover Ratings. You can even set the watchlist and filters to refresh every single minute if you wish.

Stock Rover Rates Your Stock Portfolio

The team at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings. In the screenshot below, I have imported the Warren Buffett portfolio, including his top 25 holdings. I have also selected the “Stock Rover Ratings” tab. This tab rolls all analyses into a simple-to-view ranking system, saving time and effort while providing a wealth of insight.

The Stock Rover research reports enable you to generate a professional, readable PDF report on any particular stock’s current and historical performance. The research report creates something new: a human-readable report highlighting a company’s competitive position, market position, and historical and potential dividend and value returns.

The image below shows the dividend-adjusted commentary on Comcast, a company I invested in because I found its excellent potential using my Buffett Stock Screener.

The Research Reports provide a genuinely comprehensive summary of all 10,000+ stocks on the US and Canadian exchanges. Research reports can be viewed in the browser and produced in PDF format for portability and sharing.

The best thing about Stock Rover’s Research Reports is they are Real-time, so the information is always up-to-date.

Portfolio Profit & Loss Reporting

As you would expect from a good stock portfolio tracker, Stock Rover provides integrated profit and loss reporting. Key elements of the reporting are current portfolio value, percentage change, the annual rate of return, return on investment, your income earned from dividends, and so much more.

Portfolio Performance Reporting

I really like and appreciate that with a few simple clicks, you can compare your portfolio’s performance to an underlying index such as the S&P500 or the NASDAQ 100. You can see if your portfolio is underperforming or outperforming the market. Performance reporting is vital for anyone managing and tracking a portfolio.

But what is a good annual performance, 5%, 8%, or 10% growth? The answer is that any portfolio matching or exceeding the performance of the S&P500 in any given year is deemed a high-performing portfolio.

If the S&P500 grows by 20% in a year, your portfolio should grow at least 20%. If not, you can invest in an S&P500 index-tracking ETF and save yourself the time and effort of actively managing your portfolio.

The image below shows the depth of reporting and analytics available in Stock Rover. You can clearly see the percentage of your portfolio in each sector and industry and the dollar amount of the investment.

In this example, I used the Berkshire Hathaway Watchlist, available in Stock Rover, to perform a portfolio analysis of the company’s assets. We can see that Buffett and Berkshire are highly invested in technology and financial services. I guess Warren Buffett and Charlie Munger focus not on diversification but on concentration.

Portfolio Weighting & Rebalancing

Some stocks grow faster than others, meaning they consume more of your overall investment than was typically desired at the portfolio’s inception.

For example, suppose you want to maintain a 5% per stock weighting in your portfolio, and one stock, Microsoft Corp, has grown to consume 10% of the portfolio. In that case, you might want to rebalance by selling a portion of Microsoft shares and purchasing other stocks.

Stock Rover has built-in portfolio rebalancing. It can connect to your brokerage account, perform a detailed portfolio analysis, and suggest which stocks to buy and sell based on your weighting and rebalancing criteria.

Stock Rover helps you see what you need to do to maintain a balance of 5% per stock and how many stocks you need to buy and sell for each asset owned.

Portfolio Asset Allocation

One of Stock Rover’s standout features is the ability to view your existing and future asset allocation based on weighting and distribution parameters.

Portfolio Broker Integration

With Stock Rover, you get integration with practically every major broker, including Scwab, Firstrade, and Interactive Brokers. Stock Rover is not for day traders but for longer-term investors who want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.

You cannot place trades from charts, but it will cover profit and loss reporting on your portfolio and provide portfolio rebalancing recommendations. This unique package includes income (dividend) reporting and scoring.

Future Income & Dividend Reporting

As all smart investors know, you need to accrue your dividends to have a chance at excellent market-beating returns. Another reason why I like Stock Rover so much is the detailed dividend and income analysis provided.

Stock Rover provides intelligent analysis to enable you to do just that.

Stock Rover will not automatically manage your portfolio or buy and sell stocks for you, but it does connect to your broker and analyzes your existing portfolio.

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2. Portfolio 123: Portfolio Tracking & Backtesting

Hand-on testing shows Portfolio 123 is the best portfolio tracker and backtesting tool due to its 10-year financial database and excellent stock research tools. 

Portfolio 123 Rating	4.5/5.0
🔍 Portfolio Tracking	✓
📰 Research & News	✓
💸 Profit & Loss Reporting	✓
📈 Performance Reporting	✓
⚖ Weighting & Rebalancing	✓
🏹 Portfolio Asset Allocation	✓
🖱 Broker Integration	X
🎯Future Income & Dividend Reporting	X
🤖 Automated Portfolio Management	X
💰 Price /mo	Free or $83/m annually
🎮 Free Trial/Discount	21 Days for $9
⚡ Visit	Portfolio 123

Portfolio123 offers a great balance of powerful portfolio tracking and a 10-year financial database, which you can use to backtest your portfolio strategy.

With Portfolio123, you get tight broker integration with Tradier and Interactive Brokers. You cannot place trades from charts, but you can automate trading based on rules or issue bulk trades; plus, Portfolio 123 will take care of profit & loss reporting.

The Portfolio123 screener allows you to filter 10,000+ stocks and 44,000 ETFs to help you find the investments or trades that match your exact criteria. Portfolio123 also has ranked screening, which enables you to rank the stocks that best match your criteria, filtering a list from hundreds of stocks to a handful. You can also define your custom universes, setting the macro criteria for which stocks are included in the sample.

Over 225 data points will cover most of your fundamental ideas. Portfolio123 has 460 criteria, including analyst revisions, estimates, and technical data.

You can also use Portfolio123 to screen stocks on their performance relative to the S&P500 or any other benchmark. You could develop a strategy to select stocks based on their historical performance versus the market.

Portfolio123 pricing starts at $0 for the Free plan, the screener costs $25/mo, and Pro costs $83/mo. You can have Portfolio123 for free; however, the real power of Portfolio123 is unleashed with the Screener and Pro service. Their screener and pro service pricing is in line with competition and competitive considering the benefits on offer.

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3. Tickeron: Best AI Stock Portfolio Tracker

Our research unveils Tickeron as the best AI-power stock portfolio management and tracking software due to its incredible selection of algorithms and ability to quickly create a diversified, balanced portfolio with audited track records.

Tickeron Rating	4.4/5.0
🔍 Portfolio Tracking	✓
📰 Research & News	X
💸 Profit & Loss Reporting	✓
📈 Performance Reporting	✓
⚖ Weighting & Rebalancing	X
🏹 Portfolio Asset Allocation	✓
🖱 Broker Integration	X
🎯Future Income & Dividend Reporting	X
🤖 Automated Portfolio Management	X
💰 Price /mo	Free or $250/m or $125/m annually
🎮 Free Trial/Discount	-50% Discount on Annual Plan
⚡ Visit	Tickeron

Tickeron has a well-thought-out portfolio management service integrated into the platform. Tickeron makes creating a new portfolio incredibly simple.

By answering a few questions about your age, goals, investment sum, risk tolerance, and preferred assets (stocks, ETFs), Tickeron will create a customized portfolio. You can continue to tweak your portfolio, and Tickeron also assigns a diversification score based on modern portfolio theory (MPT).

The screenshot below shows that I created a Liberated Stock Trader portfolio with a good diversification score and excellent allocation quality. The best thing about a Tickeron portfolio is that AI can help you decide which stocks to buy and sell.

Tickeron Portfolio Reporting

Tickeron illuminates its AI algorithm’s performance by providing a fully audited track record of every stock Bot under management. Before purchasing a strategy, you can see its entire performance summary, trade amounts, percentage profitable trades, Sharpe ratio, and trade duration.

It is also important to be able to audit the individual historical trade alerts issued by the AI software. Trade Ideas and Tickeron allow you to see all historical trades, whether they win or lose; transparency is key.

Tickeron AI Portfolios

Tickeron uses its artificial intelligence engine to provide specific stock picks. The algorithm can also be run on a specific index or watchlist to generate trading opportunities on your selection of stocks. Tickeron also offers innovative portfolios that use AI to build a portfolio with characteristics like diversification and high return. One specific AI stock asset allocation is called “GROWING BIG DATA & CREATING BLOCKCHAINS PASSIVE,” which selects the best mix of AI stocks and blockchain companies.

Having tested Tikeron, I have to say that Tickeron is a very professional, sophisticated, and easy-to-use stock market AI software that delivers results. Tickeron is well worth trying.

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4. Firstrade: Best Free Broker & Tracker

Firstrade is my choice for the best broker stock portfolio tracking due to its huge range of commission-free ETFs, stocks, options, and full retirement portfolio support.

Firstrade Rating	4.3/5.0
🔍 Portfolio Tracking	✓
📰 Research & News	✓
💸 Profit & Loss Reporting	✓
📈 Performance Reporting	✓
⚖ Weighting & Rebalancing	X
🏹 Portfolio Asset Allocation	✓
🖱 Broker Integration	✓
🎯Future Income & Dividend Reporting	X
🤖 Automated Portfolio Management	X
💰 Price /mo	$0*
🎮 Free Trial/Discount	X
⚡ Visit	Firstrade

Firstrade offers excellent stock portfolio tracking and retirement planning services. All stock trades are free with Firstrade, and they have the largest selection of commission-free ETFs in the industry.

Firstrade does not charge for using their services. You can open an account for free; they are a broker, and you must fund your account to start trading. The table below shows that Firstrade leads the pack in commission-free trading.

Commissions & Fees	Firstrade	E*Trade	Schwab	Fidelity
Online Stock Orders	$0	$0	$0	$4.95
Online Option Orders	$0	$0 + $0.65/contract	$0 + $0.65/contract	$0 + $0.65/contract
Online Mutual Fund Trades	$0	$49.99	$49.95	$49.95
Broker-assisted Stock	$19.95	$25	$25	$19.95
& Options Trades	(+$0.50/contract)	(+$0.65/contract)	(+$0.65/contract)	(+$0.65/contract)
Minimum Initial Deposit	$0	$500	$0	$0

Table 1: Firstrade Commissions vs. Competitors

Firstrade focuses on having the industry’s best commissions. Even though E-Trade and Schwab have been forced to join the $0 zero commissions bandwagon, Firstrade still offers the best value across stocks, options, and mutual funds.

Portfolio Tracking & Reporting

As with any broker, Firstrade provides free watchlist trading and reporting. Firstrade Navigator is a well-designed and robust system that instantly makes valuable information available, allowing you to drill down into the details.

It is very customizable and has a selection of widgets to embed into the dashboard. Studies and stock chart indicators are, of course, also included.

Research & News

Firstrade provides free access to Zacks Research, Morningstar Research & Ratings, Breifing.com & Benzinga News (although not the real-time Benzinga PRO version). These third-party services are quite valuable, and considering Firstrade offers zero commissions, they also add value through these services.

Firstrade excels at being a great broker and leading the industry in zero-cost trading. However, its portfolio management service can be improved to cover portfolio weighting, rebalancing, and future income and dividend reporting. Also, Firstrade is not a robo-advisory service, so do not expect automated portfolio management and trading.

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5. TC2000: Real-time Stock Portfolio Trading

TC2000 enables very flexible portfolio tracking through its endlessly configurable watchlists, add to that real-time scanning and stock trading, and is worthy of consideration.

TC2000 Rating	4.2/5.0
🔍 Portfolio Tracking	✓
📰 Research & News	✓
💸 Profit & Loss Reporting	✓
📈 Performance Reporting	X
⚖ Weighting & Rebalancing	X
🏹 Portfolio Asset Allocation	X
🖱 Broker Integration	✓
🎯Future Income & Dividend Reporting	X
🤖 Automated Portfolio Management	X
💰 Price /mo	Free or $60/m or $50/m annually
🎮 Free Trial/Discount	30-Day Trial
⚡ Visit	Get TC2000 Free

TC2000 will take care of real-time scanning of the markets and track your stocks. Using the TC2000 Brokerage, automatic portfolio reporting and tracking will be included.

Pricing

TC2000 is competitive on pricing with all premium stock market analysis software vendors; it is a leader in pricing, with only TradingView offering a similar price point. For 25 years, the readers of the Technical Analysis of Stocks & Commodities Magazine have voted TC2000 the best software.

You can download TC200 completely for free. The premium version, which we discuss below, unlocks a few limitations. However, the Free version is extremely useful and packed with all the essential features to track your stock portfolio.

Portfolio Tracking

With TC2000, your watchlists are incredibly powerful. With hundreds of configurable columns for technical and fundamental financial indicators, whatever you want to build will be covered. Another great feature of the watchlist is that you have integrated market scanning, meaning you can sort and list your potential stocks based on whether they meet certain criteria. For example, if you are looking for stocks with an EPS % increase of more than 20%, you can.

Research & News

TC2000 does not have integrated research reports like Stock Rover or Firstrade.  But it does enable you to scan the market for core financial data such as P/E, EPS, Earnings, Emplyees, or even insider Ownership.

TC2000 is perfect for scanning the entire market in a few seconds for the best fundamental setups of any company. In the Liberated Stock Trader PRO Training, I show how to use TC2000 to find the best companies.

Portfolio Profit & Loss Reporting

TC2000 does enable you to report on the profit and loss of individual stocks, including information on the purchase date, shares owned, and profit/loss. When reporting on your portfolio profit and loss, the capability is there when you use the TC2000 brokerage.

Portfolio Rebalancing & Management

TC2000 lacks functionality in portfolio performance reporting, rebalancing, asset allocation, and future income reporting. It specializes in excellent technical analysis, charting, and scanning the entire market based on your criteria. The stock watchlists are very good and provide solid tracking, but tracking on a portfolio level is missing.

Broker Integration

TC2000 Brokerage is a relatively new offering from Worden Brothers Inc. This well-established company offers one of the best stock market analysis software packages, so expanding into the Brokerage side of the business was logical.

And boy, they did a good job. They offer stock trade commissions at $1, and their options trades fare even better at $1 + $0.65 per contract.

Surprisingly, they lead the pack in margin interest rates. When you buy a stock with a margin, you can leverage that stock with borrowed money. Traditionally, brokerage firms make a lot of profit through this lending.

However, TC2000 Brokerage does not take advantage of the client in this area and offers very low interest rates on margin loans.

The icing on the cake is that you trade directly from the charts with TC2000. TC2000 enables real-time fundamental and technical screening of the entire stock markets, including ETFs, and lets you easily create indicators from market conditions. Not only that, but the Options trading in TC2000 is arguably one of the best in the industry.

TC2000 Brokerage only offers trading in Stocks, Options, and ETFs, but if this is all you need, this is a first-class operation that should meet your needs.

Get TC2000 Free

6. Yahoo Finance Portfolio Tracker

The Yahoo Finance portfolio tracker includes broker integration and reasonable free screening but lacks useful portfolio management tools. If you manage a large portfolio, Yahoo Finance will cost you time and effort.

Yahoo Finance Portfolio Rating	3.9/5.0
🔍 Portfolio Tracking	✓
📰 Research & News	✓
💸 Profit & Loss Reporting	✓
📈 Performance Reporting	✓
⚖ Weighting & Rebalancing	X
🏹 Portfolio Asset Allocation	X
🖱 Broker Integration	✓
🎯Future Income & Dividend Reporting	X
🤖 Automated Portfolio Management	X
💰 Price /mo	$0-$35
🎮 Free Trial/Discount	14-Day Trial

You will need a Yahoo account to get started with watchlist tracking. Once registered, you will get free access to good basic watchlists and portfolio tracking functionality. Yahoo offers a premium service that provides additional reporting and analysis, but nothing compared to the winners, Stock Rover and Portfolio 123.

Yahoo Premium costs $49.99 per month, which is extremely expensive compared to Stock Rover’s $27.99 monthly.

Yahoo has revamped its interactive charting feature, offering a sleek experience with 114 diverse technical indicators. The interactive charts allow you to draw trendlines, linear regressions, and quadrant lines.

Yahoo now provides real-time quotes and charts via the BATS system, a nice new addition. Yahoo Finance is working hard to make its charting system a worthy alternative to other free vendors.

They have done something quite innovative. You can now trade stocks through the Yahoo Finance charts.

Using Yahoo, you can trade stocks with your broker. It is a nice feature, but if you have a brokerage account, you will already have access to real-time data, charts, and quotes and can trade directly with them, so it seems a little redundant but still a step forward.

Yahoo Finance provides a news aggregation engine and contributes original news via the Yahoo Finance news team. If you opt for Yahoo Finance Premium, you will get a good selection of analyst research reports. These static reports could be useful, but again, for the price tag of $49.99 per month, it might not be worth it because most mainstream brokers offer research reports for free. Firstrade offers free stock trades and research reports from both Zacks and Morningstar.

Yahoo Finance can connect to a wide variety of brokers. It can then download your stock position data and perform analytics on your portfolio, but you will require the overpriced Yahoo Premium subscription. There is no functionality in Yahoo Finance Premium for portfolio weighting and rebalancing or automated portfolio management. However, they report your portfolio asset allocation per industry sector and dividend income reporting.

What is the Best Stock Portfolio Tracker?

Our research and tests suggest Stock Rover is the best free and paid stock portfolio tracker. Stock Rover has unique portfolio correlation, management, and rebalancing features. With Broker integration, research reports and a powerful stock/ETF screener with a 10-year financial database are built-in.

If you are looking for free stock trades and a great Roth IRA solution, Firstrade is your choice. TC2000 offers entire market scanning and a powerful watchlist solution for free. Finally, Yahoo Finance offers a simple free watchlist tracking service for less demanding investors.

Features a Good Stock Portfolio Tracker Needs

A good stock portfolio should have performance, profit/loss, and asset allocation reporting. The best portfolio trackers will have broker integration, rebalancing, and future income reporting.

1. Account Pricing & Services: Many services offer free stock portfolio tracking, usually with premium accounts that provide more powerful features.
2. Stock Portfolio Watchlist Tracking: You can see the up-to-date stock pricing, win/loss per stock, and position sizes.
3. Research & News: Services offering news and research reports on stocks provide a clear advantage when managing your portfolio and making investment decisions.
4. Profit & Loss Reporting: Can you report on the overall profit & loss of your entire stock portfolio
5. Stock Portfolio Calculation & Performance Reporting: Portfolio analytics will allow you to evaluate the portfolio’s risk and rate of return annually and throughout its lifecycle.
6. Portfolio Weighting & Rebalancing: Features to enable you to calculate the weight of the stocks in your portfolio and assist you with rebalancing the weightings.
7. Portfolio Asset Allocation: Reporting on your portfolio’s asset allocation allows you to assess whether you are overexposed to a particular industry or sector.
8. Broker Integration: A service with broker integration enables you to report & track your actual positions and even execute trades during rebalancing or tax-loss harvesting.
9. Future Income & Dividend Reporting: Can the service help predict and estimate your future dividend income based on your existing or planned portfolio structure?
10. Automated Portfolio Management: Can the service automatically create your ideal portfolio, buy and sell stocks, rebalance it, and perform tax-loss harvesting?

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