What is Seeking Alpha?

Jeremy BiberdorfBy: Jeremy Biberdorf

June 8, 2023June 8, 2023

Seeking Alpha

Whether you’re new to the world of investing or a seasoned pro searching for a reliable resource, chances are, you’ve heard of Seeking Alpha—the largest investing community around—before!

This extensive online resource offers a plethora of resources to both casual free users and to the premium subscriber. You can use it to find actionable stock market opinion pieces, mull over data from thousands of stocks, and even perform stock analysis using fundamental analysis tools.

In this article, we’ll be summarizing the platform in an effort to help you decide if Seeking Alpha might be right for you. If—by the end—you think the platform could be a good match, we strongly encourage you to check out our comprehensive Seeking Alpha review to get all the details we couldn’t fit into this article.

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Seeking Alpha Is…

A platform that provides investment research, analysis, data, tools, and more to investors. Thanks to its large array of resources, the platform can be enjoyed by fundamental investors of any level (although more experienced investors will likely be able to utilize it more).

The platform gives power to investors by providing them with actionable data, comprehensive articles on stocks, stock factor grades, and more. While the tools Seeking Alpha offers are certainly useful, the company is best known for its articles on stocks, which are written by a mixture of amateur and professional investors.

With over 17 million registered users and thousands of contributors, Seeking Alpha is a great place to follow your favorite stocks, learn new investment strategies, and find investing ideas. However, it’s important to remember that market opinions can—and will—vary.

As such, you should always do your due diligence and consider multiple analyses before committing to any investing decisions.
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Seeking Alpha Plans and Prices

Seeking Alpha provides a tiered subscription model to cater to the diverse needs of its user base, from casual observers to advanced investors managing large portfolios. These plans are structured as follows:

1. Seeking Alpha Basic:

A free plan that provides users with:

  • Access to occasional reading of articles and news
  • Unlimited access to stock symbol pages and charts
  • Breaking stock news, original and unbiased analysis, earnings, and transcripts
  • Subscriptions to Newsletters such as Wall Street Breakfast, Morning Briefing, Investing Ideas, Macro View, Dividends and Income, and more
  • The ability to follow people and read their blogs
  • The opportunity to comment on news and articles

2. Seeking Alpha Premium:

For $4.95 for the first month and then renews at $214/year, this plan offers:

  • All Basic plan features
  • Unlimited access to over 1 million investing ideas and earnings call transcripts
  • Seeking Alpha Stock Ratings, from ‘Very Bullish’ to ‘Very Bearish’
  • Author and article performance metrics
  • Quant Ratings, which evaluate a stock’s growth, value, profitability, and earnings against its industry peers
  • Exclusive, proprietary dividend scores
  • Ten years of downloadable financial statements
  • Ad-lite experience

3. Seeking Alpha PRO:

Priced at $2,400/year, this plan includes:

  • All Premium plan features
  • Exclusive access to Top Ideas, high-conviction investment theses
  • Exclusive access to short ideas
  • Exclusive newsletters, interviews, and email alerts
  • No ads
  • VIP customer service

It’s worth noting that the PRO subscription comes with a 14-day free trial for first-time users.

Choosing the Right Plan for You

The decision to select a plan should align with your investment style, needs, and budget.

  • The Basic plan is best suited for casual investors or individuals interested in staying updated with the stock market.
  • The Premium plan is ideal for active investors seeking to analyze and discover new stocks, track market news, and make informed investment decisions.
  • The PRO plan is optimal for advanced investors or those managing a large portfolio, offering exclusive content and premium services.

With a variety of options available, Seeking Alpha ensures that every type of investor can benefit from its platform, whether you’re just starting or a seasoned professional.

How to Use Seeking Alpha

Using Seeking Alpha is extremely easy: you need only to make an account to get started! Accounts can be created for free by clicking “Sign In” and then “Create an Account” from the home page.

A free membership will grant you access to a limited number of articles, as well as some free tools like “My Portfolio”, stock analysis email alerts, Wall Street Ratings, and stock news.

This should be more than enough to help you start tracking your favorite stocks. It may also help you come up with a new investing idea by allowing you to read analyses of individual stocks. However, if you want to make comprehensive and extremely well-informed investment decisions, you’ll need a premium membership.

The Benefits of Using Seeking Alpha

Seeking Alpha takes the plethora of data about the market and compiles it into an easy-to-navigate format. Thanks to the combination of a comprehensive website and a dedicated mobile app, it’s easy to access the data & analyses you need from anywhere.

Whether you want to read analyses of a popular stock, find the earnings per share for a dividend stock, get a second opinion of your crypto picks, or see the earnings expectations for mutual funds, Seeking Alpha has you covered.

Having instant access to the knowledge of fellow investors is the main draw of Seeking Alpha. By comparing the analyses of amateur and professional investors alike, you’ll be able to come up with more effective investment strategies yourself.

Reading these articles will also help you gain a better understanding of the market, market trends, and various investment strategies, all while being inspired by others in the investing community.

Those with a paid membership enjoy exclusive access to the platform’s proprietary rating systems, screeners, Top Ideas, and more, giving them even more actionable data to work into their investing routine.

The Limitations of Using Seeking Alpha

Most of the limitations that individual investors will run into are membership-based. While many of the articles can be accessed for free, Seeking Alpha does impose limitations on how many articles can be read without a paid membership.

The platform has also paywalled many of the most useful tools—such as Quant Ratings—that active investors will need to effectively analyze a broad range of assets across various financial markets and come up with effective investing strategies.

Users who want unlimited access to the platform’s best feature will need to get either a Premium or Pro membership.

Beyond paywalls, Seeking Alpha also falls short when it comes to providing support for completely new investors. The platform assumes its users have at least a basic knowledge of investing and investing terms, leaving completely green users to figure out the ropes on their own.

Why is Seeking Alpha so Popular?

Seeking Alpha has become a go-to platform for active investors, particularly those who are focused on individual stocks. Its popularity stems from several key factors that make it a standout platform in the realm of stock market information and analysis.

At its core, Seeking Alpha provides a robust platform for stock analysis. The platform hosts a plethora of articles on stocks, enabling users to explore a myriad of investing ideas. This vast selection of articles, written by financial experts and professional investors, allows users to expand their understanding of the stock market and specific stocks, aiding them in making informed investment decisions.

Moreover, Seeking Alpha’s platform is recognized for its Alpha community. A vibrant and active group of individuals from all investment styles, the community offers a unique space for dialogue, debate, and sharing of investment strategies. This collaborative environment fosters the exchange of ideas, providing invaluable insights that could potentially enhance one’s investment portfolio.

One of the platform’s key features is the ability to customize email alerts. Users can receive notifications about earnings per share updates, stock recommendations, analyst ratings, and much more. These alerts help users to stay updated with the latest news and trends in the stock market, helping them anticipate future earnings and adjust their investing decisions accordingly.

Furthermore, Seeking Alpha attracts both beginner and advanced investors with its focus on fundamental analysis tools. With these tools, users can delve into the nitty-gritty of stock prices, mutual funds, and various asset classes. This is especially appealing to the fundamental investor, who is interested in understanding the intrinsic value of stocks and other investments based on economic factors.

The popularity of Seeking Alpha isn’t limited to just stocks. With sections dedicated to asset classes such as Energy Investing, users can diversify their knowledge and investment opportunities, broadening their investment portfolio.

Seeking Alpha’s popularity can be attributed to its rich content, dynamic community, user-friendly features, and the depth and breadth of its analytical tools.

What Makes Seeking Alpha Valuable?

Seeking Alpha stands out in the crowded world of investment platforms due to several unique features that bring value to its users. Here are some of the aspects that set Seeking Alpha apart:

  • Rich and Diverse Content: Seeking Alpha covers a wide range of topics including individual stocks, mutual funds, different asset classes, and investing strategies. Whether you’re interested in dividend stocks, energy investing, or another niche, you’ll find articles and analysis to guide your investment decisions.
  • Alpha Picks: As a premium feature, Alpha Picks provides selected stock recommendations curated by Seeking Alpha’s team of experts. These picks give users a chance to follow the experts and add potential growth opportunities to their investment portfolios.
  • Factor Grades: This feature provides a unique and thorough stock analysis, giving users an in-depth understanding of a company’s health and prospects. Factor grades provide insight into various aspects like earnings per share, future earnings prospects, and more, helping users make informed decisions.
  • Community Interaction: Seeking Alpha is more than just an information platform; it’s a community of investors. Users can engage in insightful discussions, share investing ideas, and learn from each other, making it a valuable tool for both individual investors and professional investors.
  • Premium Plans: Seeking Alpha offers different subscription services, including Alpha Premium and Alpha Pro, which provide exclusive content and advanced features like analyst ratings and author ratings. These premium plans cater to a variety of investing styles and needs.
  • Portfolio Investment Strategy: With Seeking Alpha, users can not only manage their investment portfolio but also build an effective portfolio investment strategy. The platform provides resources to explore different investing styles and opportunities, allowing users to create a strategy tailored to their goals.
  • Educational Content: The platform offers plenty of educational content for users at all levels. From beginner guides to advanced analysis techniques, Seeking Alpha helps users expand their investing knowledge, making it a valuable learning tool.

These features and more make Seeking Alpha a valuable platform for anyone interested in navigating the world of investing.

Whether you’re an active investor looking for new ideas or a passive investor in search of insightful analysis, Seeking Alpha provides a wealth of information and resources to help you on your investment journey.

Seeking Alpha Quant Performance

Seeking Alpha’s quantitative performance holds a commanding position within the investment world. Its ‘Strong Buy’ quant ratings and systematic quantitative model play a vital role in producing powerful results.

Strong Buy Quant Ratings: Seeking Alpha’s ‘Strong Buy’ quant ratings are the culmination of potent computer processing and unique ‘Quantamental’ analysis. The quant algorithm selects stocks with the strongest collective value, growth, profitability, EPS revisions, and price momentum metrics relative to their peer sector. The highest-performing stocks receive the coveted ‘Strong Buy’ rating.

Impressive Returns: Over the last 12 years, this backtested strategy has consistently outperformed the S&P 500 Total Return Index, delivering impressive returns every single year. For instance, if we examine the performance since inception (December 2009 onwards), a $10,000 investment in ‘Strong Buy’ stocks would have returned a staggering $194,884, versus $39,051 had the same amount been invested in the S&P 500, an annualized return of 25%.

The System Behind the Success: In December 2018, Seeking Alpha acquired CressCap Investment Research, a platform renowned for next-gen quant analytics. Founder and CEO Steven Cress joined Seeking Alpha as Head of Quant Strategies, leading the implementation of these advanced quant analytical tools on the Seeking Alpha platform.

Key Performance and Portfolio Attribution Statistics: The performance of Seeking Alpha’s ‘Strong Buy’ portfolio is compared with the S&P 500 Total Return Index. Reflecting on the period from December 31, 2009, to December 31, 2021, the ‘Strong Buy’ portfolio generated a cumulative return of 1734.97% against the S&P 500’s 369.30%. The portfolio’s annualized rate of return stood at 26.97%, and it recorded an annualized risk-adjusted return of 25.01%, both significantly outpacing the corresponding S&P 500 figures. The ‘Strong Buy’ portfolio also surpassed the S&P 500 in other measures, such as the Sharpe Ratio (1.36 vs. 0.78) and the Information Ratio (1.57).

Please note that these results are based on a hypothetical portfolio consisting of all the Seeking Alpha Strong Buy Quant stock recommendations. It’s also worth mentioning that commission and transaction costs, which would lower the return of an actual portfolio, aren’t included in the backtested return.

Seeking Alpha’s quantitative performance, underpinned by its advanced algorithms and next-gen quant analytical tools, has consistently delivered compelling results, serving as a valuable tool for investors seeking to optimize their investment strategy.

Who is Seeking Alpha Best for?

Seeking Alpha has a wide range of offerings that cater to a diverse group of investors. Here’s a closer look at who can benefit the most from the platform:

  • Active Investors: With its real-time email alerts, stock analysis, and insights into earnings estimates, Seeking Alpha is a haven for active investors. The platform keeps these investors abreast of market changes and trends, helping them make timely investing decisions.
  • Individual Investors: Whether they’re new to investing or seasoned pros, individual investors can benefit from Seeking Alpha’s extensive library of articles on stocks, investment strategies, and analyst ratings. The community provides a platform for individual investors to engage in enriching discussions and exchange ideas.
  • Professional Investors: For professional investors, the Alpha Pro subscription provides advanced features such as unlimited access to premium content, exclusive investor presentations, and top picks from Wall Street’s savvy minds. These features can help them refine their investment strategies and discover lucrative investment opportunities.
  • Fundamental Investors: Seeking Alpha provides a range of fundamental analysis tools, such as factor grades, which evaluate stocks on various aspects like earnings per share, future earnings prospects, and more. This makes the platform a great resource for fundamental investors looking to deep dive into the intrinsic value of stocks.
  • Investors Focusing on a Particular Asset Class: Seeking Alpha covers a wide range of asset classes, from individual stocks and mutual funds to sectors like Energy Investing. Therefore, investors focusing on a specific asset class can find in-depth content and analysis relevant to their investing style.

Who is Behind Seeking Alpha Content?

Seeking Alpha’s content is generated by a vibrant and diverse community of contributors who are passionate about the financial market and investing. This mix of financial experts, professional investors, and individual contributors provides a broad spectrum of perspectives and insights, giving users a comprehensive view of the market.

Professional Contributors: Many articles and analyses on Seeking Alpha come from financial experts and professional investors. These contributors bring a wealth of experience and expertise in the financial sector. They provide in-depth analysis and provide valuable investing ideas based on their knowledge of the market.

Individual Contributors: A significant portion of Seeking Alpha’s content is also provided by individual investors who share their own experiences, analyses, and perspectives. These investors may not have the same professional background as the experts, but they offer unique insights based on their personal investment strategies and experiences.

Analysts: Analyst ratings are a critical part of Seeking Alpha’s content. These ratings are provided by financial analysts who conduct thorough research and analysis to rate stocks and other investment opportunities.

Quant Team: Behind the successful quant performance is a dedicated team of professionals. Led by Steven Cress, the Head of Quant Strategies, the quant team at Seeking Alpha is responsible for developing and maintaining the quant algorithms and tools that power the platform’s quantitative analysis.

Editorial Team: Seeking Alpha’s editorial team oversees the quality and integrity of the content published on the platform. The team ensures that all content adheres to Seeking Alpha’s guidelines, ensuring that users receive reliable, high-quality information to guide their investment decisions.

Engaging with the Seeking Alpha Community

Seeking Alpha stands apart from other financial platforms due to its thriving community of like-minded individuals – from novice investors to professional fund managers. The platform not only provides a wealth of information but also encourages active discussions and debates on various investment opportunities and strategies.

  1. Comment and Discussion Features:

Users have the opportunity to engage in stimulating conversations under each article. Here, they can ask questions, share their perspectives, or add valuable insights that might benefit other readers. These discussion threads are often as informative as the articles themselves and present a great opportunity for individual investors to learn from their peers.

  1. Seeking Alpha Investing Groups:

Investing Groups allow users to join groups of individuals who share similar investing styles or interests. This feature promotes deeper discussion and learning within a more focused community. Topics can range from dividend stocks to energy investing, and the groups are open to both Basic and Premium users.

  1. Following Authors:

As a registered user, you have the option to follow specific authors, receiving email alerts whenever they post new articles or updates. This feature helps you keep track of your favorite authors’ latest investing ideas and strategies.

  1. Blogging:

If you’re passionate about sharing your investment experiences and strategies, Seeking Alpha gives you a platform to do so. By creating your own blog, you can reach thousands of other investors, receive feedback, and even learn from others’ comments on your posts.

The community aspect of Seeking Alpha is a significant part of its appeal, offering more than just financial data and analysis. By facilitating thoughtful discussions and the exchange of ideas, Seeking Alpha creates an environment where investors can learn, grow, and succeed together.

What is Seeking Alpha: A Summary

Seeking Alpha is an excellent resource, both for the amateur and for the professional investor alike. Its vast collection of data makes it suitable for nearly all investment styles, and its multiple levels of membership make it easy to only pay for the services you’ll need.

That said, Seeking Alpha may not be the best service for newer or casual investors who aren’t willing to learn more about investing. The platform offers very little in the way of hand-holding and is almost completely barren of educational resources.

However, for those with at least a basic knowledge of investing & investment principles, Seeking Alpha has a lot to offer. With heaps of data, tons of analytical pieces, and tools to streamline your stock-searching process, we strongly recommend this platform to the active, informed investor.

You can enjoy Seeking Alpha for only $214/year with a free 14 day trial by clicking here!
Get 20% OFF on Seeking Alpha’s premium subscription for a LIMITED time!

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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