How do I find stocks that are similar to one I like?
To see or compare the stocks similar to a stock of your choice, you can see it under the Peers tab, which is available on the main symbol page as shown below.
Peers/competitor is not a novel concept. Many investing platforms present peers based on industry or sector. But we do it differently, using two proprietary methods.
The first method is to list “People who follow this stock also follow”. It leverages the collective intelligence of millions of Seeking Alpha users by suggesting stocks owned by Seeking Alpha users who also own the stock in question.
The second method is to list “Articles that mention this stock also mention”. It leverages the collective intelligence of thousands of Seeking Alpha authors and suggests stocks that are normally compared against the stock in question.
The results are remarkable, and different than anything you’ll find anywhere else.
Here are some examples:
- You’re a dividend investor looking for high yield ideas. You own OHI (Omega Healthcare), so you check the Related Stocks tab for OHI to find similar stocks. The list contains stocks with high yields similar to OHI.
- You’re a growth investor looking for mid-cap growth ideas. You own VRSK (Verisk Analytics), so you check the Related Stocks tab for VRSK to find similar stocks. The list contains mid caps with rapid revenue and earnings growth similar to VRSK.
- You’re an ETF investor looking for factor and style ETFs with strong momentum. You own MTUM (the iShares Momentum Factor ETF), so you check the Related Stocks tab for MTUM to find similar ETFs. The list contains factor and style ETFs with strong one year performance, similar to MTUM.
- You’re a value investor looking for small cap value ideas. You own CBU (Community Bank System), so you check the Related Stocks tab for CBU to find similar stocks. The list contains small-cap bank stocks with similar valuations to CBU.