I have written about Stock Chase in the past and how it tracks the comments from analysts and wealth managers on BNN. BNN is Canada’s Business News Network with many programs where experts are invited to discuss companies either on their own or from requests by callers.
By the way, if you want to get access to some daily stock trend reports on a technical front, try one of the services below. They are free and delivered to your mailbox. The reports are purely technical based on the stock trends.
First of all, don’t let the look fool you! There is a wealth of information captured on this site from the investment experts that pass through BNN. Many years of comments are captured and easily accessible.
If you are simply researching a company, you can use the tools available on the site. You can query a company and get a full list of comments on that company for many years. It will go back many years and will show what every experts had to say about it and their recommendation:
- Top Pick
- Past Top Pick
- Don’t Buy
If you end up trusting a particular expert, you can search that expert for their comments and see their top picks. Obviously, you need to use Stock Chase and the comments as information in your research. What I like about some of the comments is that they may share some information that isn’t obvious through numbers. My stock analysis speak about the company in terms of numbers but a company is more than numbers and understanding the reason behind the numbers can often lead to buying a stock on the cheap or out of favor.
Top 10 Porfolio
With 20,000 registered users, the Top 10 Portfolio highlights what stocks investors have in common.
As of writing, the current top 10 is as follow:
- BNS – Bank of Nova Scotia
- BCE – Bell Canada
- CPG – Crescent Point Energy
- SU – Suncor energy Inc.
- MFC – Manulife
- TRP – TransCanada Corp.
- RY – Royal Bank of Canada
- AGU – Agrium
- BMO – Bank of Montreal
- TD – Toronto-Dominion
Back in October 2010, the top 10 differes by only one investment. Could you map investor sentiment based on the top 10? Or are those consistent holdings for investors? I know those are consistent holdings for mutual fund companies. Interestingly enough, only one of the top 10 is a Dividend Aristocrat.
Effective Use of Stock Chase
The most effective use I have found is to register and enter the list of stocks you own and track and suscribe to the email notification. By doing so, you will receive emails when the stock is mentioned on the air with a comment from the analyst.
Everyday I scan the list of comments that pertain to my stocks and the comments for the day. If there is a company I don’t know but look interesting, I look further into it and I add it to my list of stocks on my tracking sheet.
With the emails, you get to receive what consists of hours of commentaries right to your doorstep. Stock Chase also provide two RSS if you prefer to read it in your favorite RSS reader. I would still recommend to enter the stocks in the portfolio for easy notification of comments that pertains to your investments.
Readers: Have you used Stock Chase? Any comments?