Most of the data that analysts actually use is free. People just never open it.
Here are 8 public research tools you can pull up today. No subscription, no hype, no edge promised. Just the raw inputs professionals read before they form an opinion.
1. SEC EDGAR full-text search. Search every word inside 10-Ks, 10-Qs and 8-Ks. Type a phrase like "supply concentration" and see which filings flag it.
2. The 10-K "Risk Factors" section. The company tells you what could break the thesis, in its own words. Read it before the bull case.
3. Earnings call transcripts. Read what management said, then check it against the next quarter's numbers. Tone is data too.
4. The cash flow statement. Net income is an opinion. Cash from operations is closer to a fact. Compare the two over a few years.
5. Peer comps. Pull 3 to 5 competitors and line up the same metric. A number means nothing until it sits next to its peers.
6. FRED (Federal Reserve economic data). Free macro series for rates, inflation and employment. Context for any single name.
7. Insider transaction filings (Form 4). Not a signal on its own, but worth knowing who is buying or selling and when.
8. An AI research assistant to summarize and cross-check. Feed it the filing, ask it to list the risk factors, then verify every claim against the source yourself.
The tools are free. The work is reading them carefully and refusing to skip the boring parts.
This is educational only. No buy, sell or hold calls, no targets, no returns. Always do your own research.
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