Sources of information for market analysis will help you understand the overall
economic factors affecting corporate earnings and growth, which in turn move stock prices
in the long run. These include the following, which we'll detail:
The most useful daily publications include
The most useful weekly publications are
The most widely used services are
Investment Manuals; Moodys Dividend Records
The major publications of the US Department of Commerce include
Survey of Current Business
Two major publications of the Bureau of Labor statistics are
Monthly Labor Reviews
The Federal Reserve publications are
The information for company analysis can be obtained from the companys quarterly reports, annual reports, and news releases. In addition, companies have to file quarterly reports called 10-Q's and annual reports called 10-K's to the Securities Exchange Commission (SEC); these are available to the general public.
Any initial public offering (IPO) signifies a time when companies first issue stock to the public. As required by the SEC, the company must publish a detailed prospectus that includes information about the company, its products, its officers, its financial status, and any risk factors that may negatively affect its business. You can write or call the brokerage firm that represents these companies for a free copy of their prospectuses. The prospectus of an IPO offers the most comprehensive information about a new company.
Major full-service brokerage firms such as Merrill Lynch employ stock analysts, who specialize in certain industries or companies. They offer buy or sell recommendations for various stocks. They also publish in-depth reports on industries or companies. You can get copies of these reports for a fee from a brokerage firm or you can get a copy if you have an account at that brokerage firm. Some of these reports are also available on the Internet.
You can find most of these resources in the public libraries. Ask the librarian for help since each library has resources in different places. Some of these resources are available on the Internet, which we will discuss later in Stocks in Cyberspace.