at as potential buy candidates, you can find the P/E and PEG ratios
for your stocks by going to Yahoo Finance, typing in the ticker
symbol, and then hitting the link for Key Statistics on the left
sidebar. You also can scan for stocks in the whole market with low PEG
ratios and other valuation metrics by using their stock screening
tool. You can find it by hitting Investing on the top navigation bar
of Yahoo Finance and then clicking stocks.
However, when looking for stocks to buy it is best to do sector
analysis first, then look for stocks that have the chart patterns that
we already went over in previous segments, and, finally, then look at
these earnings ratios last to get an idea of how much potential a
stock has to rise according to valuation metrics. This is usually the
last piece of analysis to do because it is always the price action
that is the most important variable. Nonetheless, use these metrics to
narrow down a list of potential buy candidates. Given a choice between
two stocks with identical price action and growth characteristics it
would be better to choose the one with the smallest PEG ratio and
forward P/E.
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