Stockpickr: Something Different for Free Online Stock Picks

Stockpickr.com offers up free stock ideas in abundance with a formula that combines shared stocks picks from amateur investors, a discussion forum, a stock market blog and thousands of professional stock portfolios. Professional portfolios are updated daily and include a variety of mutual funds, hedge funds and stock portfolios from William Buffet, George Soros, the IBD Top 10 Low-Priced Stocks Holdings.

Stockpickr members are investors and short-term stock traders who share stock portfolios and stock picks. Stockpickr members can provide a brief commentary on their stocks to explain why they like the stock to other members. Enter your stock picks on Stockpickr and automatically be presented with other members' portfolios with holdings similar to your own. Click on these portfolios to see what stocks are being held with the position you have in common with these portfolios and read stock commentary entered in those portfolios. Rate a portfolio and it gets added to your Stockpickr home page for easy review later.

The free professional portfolios on Stockpickr are updated daily, so you can track changes in these portfolios. The professional portfolio collection is very diverse, ranging from the top 2%-5% of mutual funds ranging from small, focused portfolios to multi-billion dollar funds. Add to this many well known hedge funds and active trader portfolios, and you have Stockpickr's professional portfolio collection.

Subscribe to Stockpickr RSS feeds to get updates in your favorite RSS reader. Feeds include the latest Pro Portfolios, Do-It-Yourself Portfolios, Blog Posts, Spotlight Portfolios, Top Rated Portfolios, Most View Portfolios, Active Trader and Today’s Lists (upgrades, downgrades, value plays, stock splits, etc.).

Generate free stock pick ideas with Stockpickr's Top 5 Recommendations Based On Your Portfolio feature, which screens all the portfolios in the Stockpickr database and compares them to your portfolio. The Top 5 Recommendations then offers up stocks from portfolios that are similar to yours to give you stock pick ideas. Top 5 Recommendations Based On Your Portfolio can be set up so you can view recommendations from only professional portfolios, only Stockpickr member portfolios, or both.

Click on a stock in Stockpickr to see its chart, comprehensive delayed quote and links to news -- but you can get this information at any decent stock-related web site. Stockpickr helps you to investigate potential stock picks in some distinctive ways. Read member comments indicating why they love or hate the stock and see a list of all portfolios that include the stock, then dig into the details of those portfolios for more stock ideas.

Stockpickr provides free instant stock ideas without having to click through a lot of links. Five quick navigation buttons bring up lists and portfolios with one or two mouse clicks:

• Today’s List: with stock upgrades, downgrades, losers and gainers, stock buy backs and more.
• I’m Feeling Lucky: brings up a random portfolio to give quick stock ideas from Do-It-Yourself portfolios.
• Most Viewed: the most popular portfolios on Stockpickr.
• Spotlight Portfolio: introduces new stock ideas or analysis.
• Active Traders: a list of portfolios based on active trading strategies.

Do not confuse Stockpickr with the free online stock watchlist repository, Stocktickr. Stockpickr is not like any other investment idea sites, either. Besides the free window into professional portfolios, Stockpickr takes a stock you are considering and offers up comparable stocks - possibly finding a stock that is a better fit for your portfolio.

The stocks in Stockpickr's professional portfolios have already been thoroughly evaluated by investment professionals, so chances are these stocks are worth owning. You still need to do your own research to ensure stocks you choose from Stockpickr are right for your trading or investing strategy, but having a pool of stocks to choose from to start with from Stockpickr.com is a real time saver.

Stockpickr.com was developed by James Altucher, a columnist at TheStreet.com, with a team of partners. Stockpickr recently entered into a partnership with TheStreet.com so you will find links to resources from that web site on Stockpickr.

Stockpickr does not do the research necessary to determine if a stock is right for your portfolio and it offers no “magic stock analysis”, but Stockpickr sure narrows down the field so you spend less time trolling for possible investments or trades.

Visit Stockpickr.com on the Web

Tip: New Stockpickr members should go to the Blog and read Stockpickr ToolKit, Part I and Stockpickr Toolkit Part II for quick tips on using Stockpickr.