How to Use Seeking Alpha Portfolios

According to AI, there are about 4,873 ETFs US ETFs. How can you weed through that kind of list? In addition, about 6,700 stocks are listed on the NYSE and Nasdaq combined, and about 13,000 listed companies if you include OTC markets. If we only consider major exchanges, the figure is 6,700. On top of that, about 8,588 long-term mutual funds are currently in the U.S. market.

Seeking Alpha doesn’t provide information about every possible investment. However, I have yet to discover an investment that isn’t represented that is of even the smallest significance. For Seeking Alpha you can watch 4,254 stock investments. I would be overwhelmed before starting. Add to that 3,833 ETFs and the task becomes ridiculously difficult.

This is where Seeking Alpha and Fidelity’s Trader+ can help me focus.

Wayne-Watch on Seeking Alpha

I set up a “portfolio” that includes investments of interest to me using other Seeking Alpha tools to compile the list. Some of the ideas have come from other investors, including our son. Some have come as the result of someone asking me questions like “what do you think of the XYZ company?” My current Wayne-Watch list includes these eight stocks: CCL, CRDO, HOOD, SEZL, SLS, SMCI, SPCX, and TXRH.

I may or may not own shares of any of these. By way of example, I do own shares of SMCI. I also have cash covered PUT options contracts on SMCI and covered call contracts. However, I don’t own shares of HOOD or TXRH at the present time. I also don’t own shares of SPCX, but I do trade PUT options on that company.

This type of “portfolio” makes it far easier for me to quickly review these companies. The first image is a view I created on Seeking Alpha so that I can see important information like the QUANT rating, the QUANT ranking, and the days the ranking has been in force.

This next image is the same set of data. However, I changed the “Group by” setting to “SECTOR” so that I could see the sectors of the investments in this watch list.

Wayne-Watch on Trader+

You can do similar things with Fidelity Investment’s Trader+ software. I created an identical list of ticker symbols using the Watchlist tool. I added the columns I wanted to see, including the “Description” and the analyst ratings (AR). The columns can be arranged in any order that you desire. This is a powerful way to focus on the things you own or the things you want to potentially own or for options trading opportunities.

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Of all of the resources I use, the most helpful is Seeking Alpha. The Seeking Alpha QUANT rating is a huge factor in my investment success. If you decide to explore a Seeking Alpha subscription, please use the following link. Seeking Alpha

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