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Seeking Alpha vs. Morningstar – Which Is The Better Research Platform?

By Dave

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Seeking Alpha vs. Morningstar

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For self-directed investors in search of the best stock research platform, Seeking Alpha and Morningstar are two platforms worth considering. Both platforms offer excellent research features for both stock and ETFs. Seeking Alpha offers in-depth analysis articles from a wide range of analysts and experts, while Morningstar has an in-house team of analysts that help you find the best stocks to invest in.

So, which one of these platforms is right for you? We’ll compare Seeking Alpha vs. Morningstar to help you decide.

What are Seeking Alpha and Morningstar?

Seeking Alpha is a stock research platform founded in 2004 by David Jackson, a former research analyst for Morgan Stanley. The platform stands out for its crowdsourced analysis articles, which are authored by professional stock analysts, hedge fund managers, financial bloggers, and more. Seeking Alpha covers stocks and ETFs.

Seeking Alpha vs. Morningstar - Seeking Alpha

Morningstar is an investment research platform that’s been around since 1984. The firm has a large in-house team of analysts who cover stocks, ETFs, mutual funds, and bonds. Morningstar offers detailed fundamental research as well as tools to help you manage your portfolio.

Seeking Alpha vs. Morningstar - Morningstar

Seeking Alpha vs. Morningstar: Stock Picks

Seeking Alpha and Morningstar both offer actionable investment ideas in the form of lists of top-rated stocks. On Seeking Alpha, top stocks are determined by consensus among Seeking Alpha’s proprietary analysis model, Seeking Alpha contributors, and Wall Street analysts. You’ll find an overall list of recommended stocks as well as lists specifically for growth stocks, value stocks, and dividend stocks.

On Morningstar, the top stock list is comprised of stocks that have received 5-star ratings from Morningstar’s analysts. Analysts also rate stocks based on their moat and fair value, and Morningstar offers a list of undervalued stocks with a wide moat.

Seeking Alpha vs. Morningstar - Morningstar Wide Moat List

In addition to these lists, both platforms offer news and analysis articles that highlight stocks worthy of your attention.

Seeking Alpha vs. Morningstar: Stock and Fund Research

Seeking Alpha and Morningstar are both excellent platforms for researching individual stocks and ETFs (and mutual funds, in the case of Morningstar). For any stock, you’ll find detailed financial data, valuation and growth ratings, dividend information, and peer comparison.

Seeking Alpha goes one step further, offering A-F grades for individual valuation metrics like P/E and price-to-cash flow so you can quickly evaluate whether a company is undervalued. The best part of Seeking Alpha’s research, though, is the articles written by contributors. There are typically multiple recent analysis articles for popular stocks, and each one takes a different approach to analyzing a stock’s value. Getting multiple perspectives is great because it gives you both the bull and bear cases for a stock.

Seeking Alpha vs. Morningstar - Seeking Alpha Analysis Articles

Morningstar offers a research report for each stock or fund that’s written by one of the firm’s analysts. These reports are more beginner-friendly than contributor articles on Seeking Alpha often are. In addition, Morningstar offers a fair value estimate for every stock so you can quickly see if it’s overvalued or undervalued.

Seeking Alpha vs. Morningstar - Morningstar Fair Value

Seeking Alpha vs. Morningstar: Analysis Tools

The main resource that Seeking Alpha offers for analysis is its library of articles from contributors. However, the platform also provides a stock screener and an ETF screener to help you find stock ideas based on your own strategy. You can screen stocks based on any of the data available on Seeking Alpha, which includes very detailed financial and valuation metrics.

Seeking Alpha vs. Morningstar - Seeking Alpha Screener

Morningstar also offers individual screeners for stocks, ETFs, and mutual funds. The screeners aren’t as easy to use as the rest of the platform, but they offer an extremely wide range of fundamental and financial parameters for filtering. The ETF and mutual fund screeners are particularly impressive, enabling you to include or exclude funds based on specifics like what stocks they include.

Seeking Alpha vs. Morningstar - Morningstar ETF Screener

Seeking Alpha vs. Morningstar: Portfolio Tools

Seeking Alpha offers a basic portfolio tool that allows you to monitor your holdings and see basic details about those stocks. It’s nice to have, but it’s hardly groundbreaking.

Morningstar’s portfolio management tools, on the other hand, are a highlight of the platform. If you own a mix of stocks, ETFs, and mutual funds, Morningstar will break down those funds into their individual components to give you an in-depth view of your holdings. It also offers a report that shows you the geographic distribution of your holdings, where they fall on the value vs. growth spectrum, and how you’re diversified across sectors.

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Seeking Alpha vs. Morningstar - Morningstar Portfolio Analysis

Seeking Alpha vs. Morningstar: Pricing Options

Both Seeking Alpha and Morningstar offer limited access to their platforms for free, but you’ll need to pay for a premium subscription in order to access most data and tools.

Seeking Alpha Premium costs $29.99 per month or $239 per year. Morningstar Premium costs $34.95 per month or $249 per year. You can try it out on either platform for free for 14 days.

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Which Platform is Better?

Seeking Alpha and Morningstar are both excellent investment research platforms. It’s hard to go wrong with either of them.

Seeking Alpha has a slight edge for self-directed investors who want to do a lot of analysis and get multiple perspectives when deciding whether to invest in a company. The platform offers extremely detailed valuation metrics and grades stocks’ valuation metrics against peers. Analysis articles from contributors are also very detailed and often assume familiarity with financial modeling. It’s a lot to absorb, but it’s hard to beat if you want to know everything there is to know about a stock.

Morningstar is slightly better if you want a more neatly wrapped analysis. The fair value analysis and analyst reports offer a pretty clear perspective on each stock without requiring a lot of reading. The platform also does a nice job of visualizing stock data in a way that’s accessible even to beginner value and growth investors.  

If you plan to invest in mutual funds or want to build a portfolio that mixes stocks, ETFs, and mutual funds, then Morningstar offers some of the best portfolio tools of any platform.

Alternatives to Seeking Alpha and Morningstar

Seeking Alpha and Morningstar are both designed for self-directed investors who are comfortable doing their own research. If you would prefer to skip the research and just get stock picks, consider a service like The Motley Fool Stock Advisor. For $199 per year, Stock Advisor offers two new long-term growth stock picks each month. The platform has an incredible track record, returning 324% since it launched in 2002 compared to 116% for the S&P 500.

For a platform that focuses as much on technical analysis as fundamentals, consider a platform like Stock Rover. This is primarily a stock screener, but it offers a massive range of technical and fundamental metrics to help you find actionable trading and investing opportunities. Stock Rover offers a free option, and paid plans start at $79.99 per year.

Conclusion: Seeking Alpha vs. Morningstar

Seeking Alpha and Morningstar are excellent stock research and analysis platforms for the self-directed investor. Seeking Alpha requires a little more analysis legwork, but offers a huge amount of data and multiple perspectives on every stock. Morningstar is straightforward to use and offers excellent tools for building a portfolio of stocks, ETFs, and mutual funds.

If you’re still looking to learn more about each platform, you can read our full review of Seeking Alpha here and our full review of Morningstar here.

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Dave

Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day.

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