A stock screener for growth is a tool that helps traders look for growth stocks. It takes the thousands of tickers on an exchange and filters them down to a handful of stocks that have high growth potential according to the criteria set by a trader.
Stock market talking heads are always talking about growth stocks… That’s why there are all of those articles about how much you would have made if you’d invested $1,000 in Apple (NASDAQ: AAPL) in 1980.
Scanning for growth stocks is a better use of your time than thinking about missed opportunities. In this article, I’ll show you how!
What are the best stock screeners for growth, and how do you evaluate growth stocks? Let’s find out!
What Are Growth Stocks?
Growth stocks are stocks that are expected to grow significantly above the market average growth rate. People buy growth stocks expecting their prices to appreciate over time, which makes this a longer-term strategy.
Many small-cap stocks can be growth stocks. But in my experience, stocks from some larger companies can also be considered growth stocks. There are growth stocks in just about any sector, but they’re most often found in fast-growing industries like technology and biotech.
Growth stocks are usually targeted by long-term traders and investors. They hold the stock for longer periods, so they’re more likely to reap the results of the stock’s price appreciation.
How to Evaluate Growth Stocks?
You can evaluate growth stocks with some fundamental analysis. Most growth stocks have several things in common, like:
- Operating in a high-growth sector or industry
- Strong and innovative leadership
- A commanding market share
- Strong sales growth
The gist of it is that growth stocks come from companies that have lots of room to grow.
Growth Stock Screener Criteria
How do you find growth stocks with a screener? You gotta use the right criteria. Here are some stock screener criteria you can try to find viable growth stocks to trade:
- Earnings per share growth
- Quarterly sales or revenue growth
- EPS forecast
- Price
- Price-to-earnings ratio
You need the right stock screener criteria to find the tickers that match your strategy. Check out my guide to the best stock screener queries to learn more.
What Is a Stock Screener for Growth?
A stock screener for growth is a tool that helps you look for growth stocks. Instead of delving into thousands of stocks manually, you can plug in your preferred criteria and filter them into a handful of stocks you can examine further.
What is a stock screener, and how can it help you trade better? Learn more in my article on the basics of stock screeners.
Importance of Using a Growth Stock Screener
Using a growth stock screener can help you find growth stocks that match your preferred criteria. Instead of just watching big-name growth stocks, a growth stock screener can help you turn up some unexpected picks!
Looking for advice from pros can help you navigate the markets better. Just check out the Small Cap Rockets chat room. That’s where millionaire traders Matt Monaco and Bryce Tuohey dissect their trading plans and watchlists for you to learn.
Test drive StocksToTrade and Small Cap Rockets for 14 days — just 18!
Why Do You Need a Stock Screener for Growth?
You need a stock screener for growth because you can’t realistically take a look at every single stock to see whether they’re growth stocks — checking thousands of stocks is like trying to drink water from a firehose. Using a stock screener turns that firehose into a tap you can control.
You also need a stock screener for revenue growth because you’ll get so much fine control over your searches. This ensures you’ll only find stocks that fit your criteria and preferences to a T.
Advantages of Growth Stock Screeners
The biggest advantage of growth stock screeners is that they let you filter stocks according to your preferences. This means you don’t have to do in-depth research on thousands of stocks — just the handful your screener gives you.
Another benefit of growth stock screening tools is their ability to compare stocks between companies. You can do a side-by-side comparison of multiple companies and choose which one you should trade or invest in.
How We Evaluated These Best Stock Screeners for Growth
Not all stock screeners are suitable for scanning growth stocks — that’s why you gotta separate the wheat from the chaff.
Here are two criteria when looking for growth stock screeners:
- Pricing: Most of the best growth stock screeners are paid products. Find the screener that suits your budget while still catering to your needs.
- Customizability: A stock screener is only as good as its indicators. Find a stock screener that you can customize according to your needs.
The above two aren’t the only criteria I use. Check out my guide to the best stock screener criteria to further refine your search.
You can also add your own growth stock screener criteria to further refine your search.
Best Growth Stock Screeners for 2024
Here are my picks for the best high-growth stock screeners:
- StocksToTrade — Most Versatile Growth Stock Screener
- Finviz — Best Free Growth Stock Screener
- TC2000 — Most Customizable Growth Stock Screener
- Trade Ideas — Best AI-Powered Growth Stock Screener
- TradingView — Best Growth Stock Screener for Fundamental Research
Nobody says you can’t use multiple stock screeners at once. Try them all and stick with the ones that work best!
Different traders need different kinds of stock screeners. Check out my picks of the best overall stock screeners and the best free live stock screeners.
1. StocksToTrade — Most Versatile Growth Stock Screener
My first growth stock screener pick is StocksToTrade.
StocksToTrade isn’t overly specialized in fundamental analysis. It’s a killer screener for technical analysis, though.
As the great Brian Shannon says, “Only price pays.” If you can’t see growth in the chart, it isn’t really growth.
So, how can StocksToTrade help you? You can use it to find the kind of growth that’s visible in the chart, like percent gain. Understand — this isn’t the “growth” most people talk about when discussing growth stocks, but looking at percent gain helps you identify possible trends.
StocksToTrade was built by traders for traders. It’s insanely customizable, comes with loads of trader-built screens, and more.
Take it for a spin — sign up for a 14-day StocksToTrade trial for just $7 now!
2. Finviz — Best Free Growth Stock Screener
My second growth stock screener pick is Finviz.
Finviz offers a free ad-supported plan that doesn’t skimp out on features. Its screener is versatile and lets you filter with fundamental, technical, and descriptive criteria. Registered accounts get up to 50 screener configurations, meaning you can build your own custom filters.
Finviz’s fundamental data table gives you a comprehensive view of a company’s fundamentals. What’s more, this table is color-coded, so you can check the health of certain fundamental indicators at a single glance.
3. TC2000 — Most Customizable Growth Stock Screener
My third growth stock screener pick is TC2000.
TC2000’s EasyScan dashboard offers over 100 pre-configured filters you can use right out of the box. But its most prominent feature is the code-based custom scan creator. With some basic coding knowledge, you can make just about any kind of screener filter you need to help you identify growth stocks.
It’s also got a robust watchlist feature which lets you run filters and scans inside your watchlist to further refine your stock picks. That means setting up columns with the indicators you want to monitor, giving you a good idea of how the stocks on your watchlist are doing.
4. Trade Ideas — Best AI-Powered Growth Stock Screener
My fourth growth stock screener pick is Trade Ideas.
Trade Ideas gives you multiple built-in scans to get you started and allows you to customize them according to your needs. But this screener takes recommendations one step further through its trading AI, named Holly — named after the Holy Grail.
Yes, they are confident in their technology.
Holly helps traders by scanning the day’s stocks and analyzing potential setups to give you trading strategy recommendations. While you shouldn’t let Holly take the wheel entirely, this AI can give you some trading ideas… which is what it was built to do!
5. TradingView — Best Growth Stock Screener for Fundamental Research
My fifth growth stock screener pick is TradingView.
TradingView helps traders see beyond stock prices by assisting in their fundamental research. It does this by providing a fundamental data widget that gives you all the necessary fundamental metrics for you to analyze — you can plug this widget right in the screener window so you always have it visible.
TradingView doesn’t hold back on the number of filters, either. It comes with over 100 filters from its development team, plus over 100,000 filters from its community.
There’s bound to be a filter you can use. If not, you can always make your own!
Final Thoughts
Stock screeners for growth help you look for growth stocks. This will give a great start to your research..
There’s really no one growth stock screener that works for everyone. I recommend trying as many options as you can and see which one works best for you.
I also have the inside track on another great stock screener: Matt Monaco’s Alpha Scanner. Matt is a software engineer turned millionaire trader, and he made a stock screener that mirrors his profitable trading style.
The Alpha Scanner is jam-packed with trading alerts, live mentoring, and so much more. Can Matt’s life’s work give you an edge in trading? There’s one way to find out…
Sign up to join the next Alpha Scanner LIVE broadcast for more information!
Growth Stock Screener FAQs
What Features Should a Growth Stock Screener Have to Be Effective?
A growth stock screener should offer a range of filters such as technical screening criteria, fundamental screening criteria, and valuation filters, allowing traders to customize queries to find stocks that meet specific investment goals. For instance, using a custom query to identify stocks with high annual earnings growth rate or those with a competitive advantage can be pivotal. Additionally, the ability to use both screening filters for technical patterns like chart patterns and fundamental filters for financial metrics, such as profit margins and return on equity, enhances the tool’s effectiveness.
How Can Investors Use Screeners to Find Reasonably Priced Growth Stocks?
Investors can use premium stock screeners with advanced filter customization to sort through the universe of stocks to find those with reasonable valuations. For example, setting search queries to identify stocks with a PEG ratio (price/earnings-to-growth) that aligns with growth expectations or selecting stocks based on their current share price versus average target price can help pinpoint potential investments. Using screeners like Stock Rover, known for its award-winning capabilities, enables investors to analyze stocks not just on growth but also on fair pricing, incorporating both current price and reasonable prices filters.
Why Is Real-Time Data Important in Growth Stock Screeners?
Real-time data in growth stock screeners is crucial for making timely investment decisions, especially when dealing with high-growth sectors where market dynamics can change rapidly. Real-time updates on financial statements, revenue estimates, and profit margins growth, along with breaking news that can affect stock prices like new economic policies or corporate announcements, help investors react promptly to market changes. Screeners that integrate real-time data provide an essential tool for investors who rely on up-to-the-minute information to optimize their positions.
How Do International and Economic Factors Influence Growth Stock Screening?
International stocks and global economic factors like average rates, mortgage rates, and national security concerns must be considered when using growth stock screeners. For example, a screener set to filter stocks by regions affected by a wave of tariffs or political events like elections can highlight potential risks or opportunities. Additionally, understanding broader market indicators such as inflation reports or major economic announcements can help refine screening results, ensuring that decisions are made with a comprehensive view of global economic health.
What Role Do Analyst Estimates and Opinions Play in Stock Screeners?
Analyst estimates and consensus are critical components of advanced stock screeners, especially for investors focusing on growth stocks. These screeners should offer options to filter stocks based on analyst surprises, opinion of analysts, or consensus about future performance. This allows investors to gauge market sentiment and expected performance, which can be pivotal in sectors where analyst insight provides a significant edge in investment decisions.
Can Growth Stock Screeners Aid in Specialized Trading Strategies?
Yes, growth stock screeners can be tailored for specialized trading strategies like screener for day trading, screener for swing trading, and even option trading. By adjusting the screening filters to match the trading volume, technical criteria, or segmentation criteria required for these trading styles, traders can efficiently identify stocks that match their specific trading approach and investment approach. For instance, traders focusing on short-term profits might prioritize stocks with high liquidity and volatility, which are ideal for day trading.