StocksCafe x Morningstar
StocksCafe recently signed a deal with Morningstar. In case you have never heard of Morningstar, here is a wiki article about them. Basically, Morningstar is an established company that provides a wide array of products and services to both retail and institutional investors.
With the recently signed deal, StocksCafe will now be getting financials data directly from Morningstar. It is a significant improvement from what StocksCafe currently has as the number of metrics will increase from less than 100 to more than 500. Furthermore, the historical data will increase from 5 years to more than 30 years.
Basically, whatever financials data that you can find in Morningstar will be available to StocksCafe. You can compare the differences here: Morningstar’s Apple vs StocksCafe’s Apple. You might have noticed that StocksCafe is still missing many metrics. It is just because there are so many of them that I am still in the midst of porting everything over.
In addition, the deal also included London exchange. So StocksCafe will finally have fundamental data for London-listed companies (e.g. GSK).
The main limitation is that all these financials data only include companies and not ETFs / Mutual Funds.
1) I will continue to work on the financials page (example) such as adding more metrics, grouping the metrics for easier viewing and including all features that are currently available in the profile page (example).
2) The profile page will eventually be deprecated (end of life will be March 2021).
3) Screener will also be updated to use data from Morningstar. I will announce in another article once that is ready.
I hope you are as excited as I am to be switching over to Morningstar for more comprehensive financials data in StocksCafe!