library(Stocks)
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A stock ticker is a unique code used to identify a particular stock or security. It is a short symbol assigned to a publicly traded company by a stock exchange. Tickers are usually composed of a combination of letters, which makes it easy to refer to a company in financial markets. For example:
AAPL
TSLA
AMZN
These symbols are used by stock exchanges to list, track, and
facilitate the trading of stocks. Stock tickers are crucial for both
investors and traders because they allow quick and efficient referencing
of stock symbols on financial platforms. The get_ticker
function in this package can retrieve the stock ticker symbols for any
company that the user inputs.
Stock exchanges, such as the New York Stock Exchange (NYSE) and NASDAQ, provide a platform for buying and selling stocks. They ensure that stocks are traded in an orderly manner and that prices reflect the market’s demand and supply. Let’s take a closer look at these two major stock exchanges:
The New York Stock Exchange (NYSE), located in New York City, is one of the largest and oldest stock exchanges in the world. It was founded in 1792 and is known for its traditional trading floor. The NYSE lists thousands of companies, including some of the biggest corporations, such as Coca-Cola, McDonald’s, and General Electric.
The NYSE uses a designated market maker (DMM) system to facilitate trading. DMMs ensure there is enough liquidity in the market for a stock, helping buyers and sellers execute their trades smoothly.
The NASDAQ (National Association of Securities Dealers Automated Quotations) is an electronic stock exchange based in the United States. Unlike the NYSE, NASDAQ does not have a physical trading floor. Instead, all trades are conducted electronically through a vast network of computers.
NASDAQ is known for its technology-oriented companies, such as Apple, Google (Alphabet), Microsoft, and Amazon. It’s often considered the go-to exchange for technology and innovation-based firms.
Understanding these exchanges and their tickers helps investors and analysts access, compare, and analyze stocks efficiently.
Financial ratios are essential tools for investors to evaluate a company’s performance and growth potential. The get_financial_ratios function in this package provides key metrics such as gross profit, revenue, net income, changes in net income and revenue, gross margin, and net margin for companies from 2015 to 2023. These ratios help assess profitability, operational efficiency, and growth trends. Gross profit and net income indicate profitability, while changes in net income and revenue reflect operational improvements and market demand. Gross margin highlights cost management, and net margin demonstrates a company’s ability to generate consistent returns. Additional data like CIK numbers, accounting taxonomies (e.g., US-GAAP), and fiscal periods from the SEC’s EDGAR system ensure transparency and reliability for informed investment decisions.