With so many platforms and services to invest in, finding the right one for you can be overwhelming let alone time consuming.
With so many options, how do you know which is best for you?
Our Zacks Vs Morningstar review will help you answer that and more.
These two websites are some of the largest and most effective stock research platforms to help you gain a trading edge.
Let’s take a closer look below.
|Zacks is best for:||Morningstar is best for:|
|Quantitative analysis||Fundamental analysis|
|Stock analysis||Stocks, mutual funds and ETFs|
|Low price||Product sets|
|Medium term investors||Long term investors|
|Simplified monthly selections||Advanced scoring system|
|Investment in growth stocks||Dynamic investment in stocks|
|Moderate risk takers||High risk takers|
Let’s look at some comparisons:
|Annual subscription fee Basic service||Zacks Premium $249/year||Morningstar Investor $249/year|
|Titles analyzed||Shares||Stocks, mutual funds, ETFs|
|Investment approach||Quantitative analysis||Fundamental / Quantitative|
|best use||Stock traders||Mutual Funds / ETF Investors|
|Promotion in progress||
|Modest money overall valuation|
Zacks VS Morningstar: determining factors?
Before investing in a stock picking service, let’s look at some factors an investor should be aware of when comparing Zacks to Morningstar.
Factor 1: Price
Any investor should familiarize themselves with the costs involved when signing up for these types of platforms.
Consider how much you are going to spend before you start taking full advantage of any service before you even start. Some have steeper learning curves than others.
Professional traders are likely to accept a slight price increase for a trading platform if that platform offers additional features compared to their competitors.
Zacks is better than Morningstar
- Zacks offers more features with its $249 Zacks Premium subscription.
- A 30-day free trial of Zacks Premium is also available, while Morningstar only allows a 7-day trial.
Zacks offers three levels of membership: Zacks Premium, Investor Collection and Zacks Ultimate.
- Zacks Premium members can access several fantastic features including Zacks #1 Rank List, Industry Rank List, Premium Screens, Focus List, Style Scores, Product Research Reports, stocks and others for $249.
- Zacks offers Investor Collection, which provides access to 8 sample portfolios, for $495 per year.
- Zacks Ultimate, which provides real-time individual stock trading advice, costs $2,995 per year.
With the 30-day free trial, you get access to Zacks Premium resources, which should leave plenty of time to see if it’s right for you.
Get started with Zacks Premium now!
Morning Star: Price
According to Morningstar, investment ideas are a component of an investor’s overall financial future.
You can access investment picks, unbiased research reports, confidential ratings information, fund scanners, and Morningstar’s portfolio tools after purchasing a Morningstar Premium subscription.
But is Morningstar Premium worth it?
For $249 per year, it absolutely is! Morningstar also offers a 7-day free trial period.
Start investing with Morningstar today!
Factor 2: Investment strategy
Each portfolio advisor platform will be geared towards a particular investment style.
So it makes sense to pick a platform that’s right for you. You should choose one that suits your particular investment style.
No headache, right?
Well, many times people only focus on price or past performance which can lead to failure.
You’ve heard of “do your own research before making investment decisions,” so why not do the same for the platform you’re going to use?
Ultimately, your investment strategy plays an important role in which platform you should choose.
Morningstar is preferred over Zacks for long-term investments.
- Morningstar is aimed at long-term investors, especially those interested in fundamental research.
- Compared to Zacks, Morningstar offers a broader analysis of mutual funds and exchange-traded funds.
Morningstar: Investment Strategy
When evaluating potential long-term investments, many traders will use Morningstar. They are well known for their five star stock advisor rating system.
After a quick rating check, you can then explore a stock in more detail using Morningstar reviews and other research tools.
Fund ratings have a three-year history ranging from one star (lowest) to five stars (highest).
Morningstar bases its star ratings on stocks by looking at risk-adjusted results.
Zacks: Investment Strategy
Zacks Investment Research is distinguished by its distinctive quantitative methodology which emphasizes updated earnings forecasts as the key to its equity advisory platform.
They do this by what is called Zacks Rank. This combines the most recent review data and classifies companies into five classes.
These range from “Strong Buy” to “Strong Sell”.
Read Zacks’ full investment research review here.
Factor 3: Performance
When choosing where to put your hard-earned money, you need to consider past performance.
Zacks and Morningstar’s track record is shown below. A friendly reminder however, past performance does not guarantee future results.
Currently, strong buys with a Zacks #1 ranking have generated average returns of nearly 25% per year since 1988.
That’s almost more than double the average annual earnings of the S&P 500.
Morningstar has created a wide range of relevant research, stock ratings and services since its founding in 1984 by billionaire Joe Mansueto.
Morningstar searches over 600,000 investments in 27 different countries.
Its investment divisions also manage approximately $239 billion in assets.
Zacks vs. Morningstar: The Result
Zacks and Morningstar analytics platforms provide reliable analysis and exploration tools for traders.
Using Zacks or Morningstar is like having your own personal financial advisor by your side.
If you have to pick one and value thorough, unbiased research, Morningstar is a fantastic choice.
You can read Morningstar’s full review here.