Google Finance and Stock Picks
Recently Google launched Google Finance. Already the comparisons, pros and cons etc. of Google Finance vs. competitors like Yahoo and others have begun being debated. A good summary can be found on Search Engine Watch.
But Google lauches it applications with a fundamentally different approach to Yahoo and the rest. Google adds as much value as possible as quickly as possible and worries about revenue streams later whereas Yahoo (and other big portals) traditionally have needed a viable business plan with revenue streams (usually includiong paid content) before proceeding with large scale projects.
As such, Google Finance already has a powerful API and it will be a short time before we see loads of mash-ups with Google finance. Already an exciting prospect has been launched – Social Picks, described as:
“SocialPicks enables stock investors at all levels to exchange market research, recommend stock picks, and get new investment ideas. You can become an influential analyst and impact peers’ decisions with your powerful analysis & performance!”
I personally prefer the Google presentation to the other offerings – their graphing in particular is incredible.
Category: FinAssets, Office Stuff
[...] As said in my post about Google Finance, expect more stock related web apps… Have a look at StockTickr, a similar idea to SocialPicks, but not as nicely presented. You can add your own watchlist and see other user’s watchlists. [...]
I suspect Google’s finance tools will improve as they continually develop the site with new ideas and concepts as they are well known for. Eventually, this could mean free stock picking resources and things of the sort. Perhaps even a stock analyzing tool. That’s something I could use right now as I pick apart Mentor Capital (MNTR). They own a 20% interest in Quantum Immunologics, a privately held bio-tech company with FDA clinical trials in the works for their new immunotherapy treatment for breast cancer. Mentor Capital’s growing stake in the company could lead to stock price gains for shareholders in the future.