00:00Welcome back to the channel, friends
00:01Today, I want to talk to you about an AI tool that can really help you elevate your stock investing game
00:05Let's be honest, AI is everywhere these days, right? But when it comes to stock-related AI tools, there aren't really that many that really stand out
00:15However, Perplexity is really one that you should have on your list and definitely check out because it has a lot of nifty features, which I'm going to run you through in this video
00:21Now, for the most part, you can use Perplexity actually completely free, and I believe most of the features that I'm going to show you are available for free
00:29However, personally, I am on the pro plan because I actually get it free of charge with Revolut
00:32Since I am on the metal plan, you can see over here, you get also Perplexity Pro depending on where you live, but pretty much most countries, I believe, do offer that perk, which I think is great
00:41Usually, it's around, I think, $20
00:43So, personally, I wouldn't be paying for it, but since I get it as a benefit, it definitely is a nice perk
00:48To be really honest, I don't really use Perplexity that much
00:49I know some people absolutely love it
00:51And when AI really started to get hyped, I also started using it because it was really cool
00:56But now I really find myself using ChatGPT as my daily workhorse and Claude as well for coding and writing
01:02I think it does a better job
01:03However, for stocks, I actually really start liking Perplexity and I think You might as well, right? So, jumping over to Perplexity, you can see I'm on the pro plan
01:12If you don't have it, you can be on the free plan
01:14I just think it gives you a little bit lesser search
01:16You can see over here, you know, with pro, I have three times more sources and powerful models available, unlimited access for subscribers
01:23You do get three deep research queries per day, as well as some labs
01:27But again, I'm not going to go through overall Perplexity, what I can do
01:31Instead, I really want to focus on the finance part, which I think makes them really special
01:35And how you get there, you come over here to the plus button, and then you see at the top left, already the first thing, literally, finance
01:42So you want to click on that, and boom, you have a proper finance dashboard, which is really very cool, right? Because, I mean, technically, you could ask any other AI of your choice, some AI-related questions, right? Right
01:52And ChatGPT would answer your questions, you know, Claude, Gemini, all of them
01:54But to have a dedicated interface and dashboard, as they have in Perplexity Finance, I really like
02:00Now, first of all, you know, I really like the first thing over here
02:05It shows you market open, market close
02:06It's a small thing, but it just gives you, you know, a nice indication
02:10Also, the market sentiment
02:14Now, obviously, basically, it takes the overall, you know, you can see major indices and based on that, you know, whether it's up or down
02:18So you get a quick idea whether, you know, markets are overall
02:19Trending up or now, then you have the usual
02:21You can look for stocks
02:24We'll get to this in a moment
02:25You have the biggest indices, mostly obviously focused on US markets
02:29I believe you could be able to change that
02:31Right now, I don't see
02:33So it's mostly focused on the US, but stock research, you can do also do on stocks outside the US
02:36You have the usual watch list over here, which you can, of course, edit
02:39Add any stocks you want to it, very easy
02:41Let's say you want to add Amazon
02:43It pulls it up already
02:44You add it, and boom, it has been added to your watch list
02:45So that's also really easy and, you know, nice to do
02:49Price alert, as anywhere, you can set up a price alert for any stock that you want to have a target amount, and boom, it will start sending you alerts
02:57Then over here on the left, you have also gainers and losers, and just to keep an eye
03:00I mean, seems this is daily gainers and losers, right? You have a stock here up 212% in a day
03:03I mean, absolutely crazy
03:05What is this stock? Vulcan
03:07If I click into this, yeah, you see a market cap is very small at 15 million
03:09So obviously, you know, those daily swings are huge
03:12Uh, but yeah, certainly not particularly a company I would be interested in, but never mind
03:17You quickly see what's happening
03:18Also, the biggest losers and active by volume, obviously, what is being traded
03:22So it gives you a good idea
03:24Then you see the equity sectors over here, also which of the sectors are doing well overall, as well as cryptocurrencies
03:30We'll come to this
03:31They have a separate section for that as well, and fixed income as well
03:33If you were to look and invest into that, then you get a quick market summary, and again, that's the beauty of using an AI tool
03:39It really pulls it in from all different sources, right? And gives you a snapshot of how things are doing
03:45Now, I'm not sure why it gives it to me right now
03:47It seems in Polish
03:48Uh, very interesting
03:50Um, let me refresh that
03:51Um, okay, now we're back to English
03:53So that's good
03:55And yeah, you basically get a quick overview of what's happening
03:57And yeah, you see the sources you wanted to see where it pulls it from
04:01And from here, you could then dive into each individual source if you wanted to
04:04H latest news as well, you can go through and then of course
04:09some popular spaces for finance research
04:10These are almost like little GPTs inside ChatGPT, built specifically for financial reasons
04:15Uh, if you wanted to go into that, you could do that as well
04:19And then we have some standout charts over here
04:20So they have a separate tab for crypto, and I really like that, right? You see, once again, the biggest indices or coins in this case
04:25You see the leaderboard, which they take from Coinbase, but you could also flip that to all exchanges, but let's leave it on Coinbase
04:32So I can see the price for Bitcoin, which is going up nicely, which is good to see as a Bitcoin investor
04:38And yeah, again, market sentiment specifically for cryptocurrencies, the latest news, again, some popular spaces, and Then you know the Coinbase 50 index standouts here as well
04:46So, really nice market snapshot of what's happening
04:49And then they also have an earnings tab over here where you can basically see past earnings or upcoming earnings, which I also really like because some of the stock research platforms make this quite difficult
05:00We are today on Thursday, so I can see already today's earnings, what is coming up
05:03I can see yesterday's earnings, and then Johnson & Johnson, for example, I can go in and then also see, right, how did they perform, you know, report the revenue, did they beat expectations or not? You do get an AI analysis of the call, as well as the full transcript if you wanted to go through yourself, but also upcoming earnings
05:18For example, next week we're going to have quite a few calls coming up
05:21You can see here on Wednesday, 66 calls, Thursday, 128 calls, companies like Blackstone and so on
05:28So, it's really easy to kind of follow and see what's happening and stay on top of all the various earnings if that's interesting for you, right? But let's jump into a specific stock and show you what kind of analysis you can expect to get from it
05:39So, let's take one from our watch list
05:40Let's go with Alphabet in this case
05:42So, here's the dashboard you will get with Perplexity
05:45And first and foremost, you know, it looks very similar like many other, you know, interfaces
05:48Obviously, you see this price chart, which you can quickly jump to year to date, one year
05:51All the various charts over here, which is really nice
05:55I also always like when you can kind of pull and drag your mouse and see the price change
05:59Then of course, financial profile, which you have over here, the biggest, most important information, latest news, again, key issues
06:05And that I also like, you know, they have a bullish view and a bearish view
06:09I always like to have contrasting views because there's not one right or wrong, right? There's different views on a company and a stock, and you could dive into what are the sources, why are they saying that? You can open up different points over here
06:19So, I really quite like that, and this is really unique to Perplexity
06:23Latest price movements is also interesting, right? They can see, for example, why a stock jumped
06:26For example, you know, July 11th, it jumped by 1.45% in a day, which is quite high
06:30And obviously, news broke out that Google DeepMind has hired Windserf's top AI talent
06:36So obviously, that was really bullish news for the stock, and immediately it went up quite a bit, right? And other than that, over here on the right, you have obviously some basic information about the company
06:44And then you can also go at the top over here to financials and have some more deep dives into the finances
06:49Then you also have some more insights over here that you can flick through
06:52But yeah, basically, you see the numbers here
06:53You can change to income statement, to the balance sheet, and cash flow statement
06:57The cool thing is You can even download those things, which is nice
07:00So you can download the data in case you want to manipulate the data yourself
07:03So that's a cool way
07:05Not all stock research platforms do allow you that
07:07Historical data is also interesting in case you want to have it for your own database
07:11You can download it as well for all different kinds of date ranges
07:14Earnings calls as well, specifically for the company you're looking for
07:18You can see the upcoming one, you can see previous earnings calls, whether they overperformed, underperformed expectations
07:22And lastly, there's a research tab
07:24So that's usually a report by Morningstar
07:26You can open it up over here and get a specific report from Morningstar about the company you're looking for
07:32For if that's available
07:33But let's go back to overview
07:35And of course, from here, you can also ask questions to Perplexity about the stock
07:39So, a very simple question, of course, would be, is now a good time to buy the stock? And then let's see what it tells us
07:44And then obviously, it will do a bit of research
07:45Again, I think if you're on the Pro plan, you might get deeper insights
07:48You could even ask for deep research
07:50So it might take, you know, 15, 20 minutes, and you get even more insights
07:53But let's just have a quick pro search, and then that's what you get over here
07:57Short-term outlook, valuation concerns, should you buy it if you're a long-term investor? And of course, no AI or anyone can really tell you what to do with your money, whether to buy or Not right, but it can give you a nice, fair, objective, I think, in my eyes, fairly objective evaluation of the stock
08:13Ultimately, it's your decision, right? It says also over here, final thought, now may not be the optimal time to make large new stock purchases unless you have a long-term horizon and targeting undervalued sectors
08:22Actually, not financial advice, but I recently opened a position in Google because I think they're really undervalued
08:28And yes, maybe the price will drop in the short term, but I think long-term, we are well positioned for further price increases
08:34But again, that's just my personal humble opinion
08:35But certainly, using applications like Perplexity help me make my decision
08:39And finally enough, one question
08:41I always like to ask before I buy a stock is, what are Reddit users saying about a certain stock? Let's send it off and it will specifically look for Reddit posts related to that stock, in this case, Google, that we're looking for
08:51And for me, Reddit, in a way, is like taking the temperature of the internet, how people feel about a certain company or anything, right? If you look at anything on Reddit, so you get a good gist of it
09:00Now, I would not make my investment decision based on Reddit, but again, it gives you a good idea of how people think
09:06First and foremost, I invest into the fundamentals of the company, right? Whether I think long-term they're well-positioned, they have the right business idea, right management, the right execution
09:14But still, you want to have overall investors, like retail investors, also be behind it
09:18So, again, it's just one piece of the puzzle
09:20So I always like to read it, but then sifting through all Reddit posts myself can be a bit tedious
09:24So, I like to use, you know, AI for that
09:27And Perplexity is especially good
09:28It even has a Reddit toggle inside of it
09:30You can actually select your sources for it
09:32And you can see over here, you can turn on social and switch off everything else, and it will look specifically mostly on Reddit for a certain topic
09:39And here we have the digest of Reddit users overall, the bullish views, again, bearish views, as well as some price targets, what they're discussing, right? So, for me, it's really interesting
09:49Again, I'm not only making my decision based on that, but it's just, as I said, you know, another piece of the puzzle of your overall investment thesis, which I think is a great way rather than spending hours going through these forums
09:59If you want to dive in, obviously, you always have the sources over here
10:02You can see on which specific Reddit post that was discussed, and of course, you could ask even more questions if you want to do follow-up questions, go even deeper
10:08But overall, you can see it's a really powerful platform, and I think a big competitor to a lot of other platforms out there that are actually charging you quite a bit of money, even platforms like fiscal.ai, which previously used to be called Finchet
10:20which is pretty much dead, right? AI-powered stock research where you ask questions and follow up
10:26They do have certain features that you don't get on Perplexity yet
10:27Maybe they will come in the future, but I think, yeah, that's quite a competitor over here
10:32And in terms of pricing, you pay pretty much the same on the plus plan that you will pay for Perplexity Plus, but it also gives you way other things outside of stock research, right? You can use it for everyday, for writing, whatever it is
10:43So, yeah, in this case, definitely competitors
10:44So personally, I will definitely start integrating Perplexity into my stock research workflow, if you want, which I will consult before making any investment decisions
10:48I will definitely use that
10:51I think the tool will evolve further
10:55It's really great to see them really embracing finance as such
10:57I'm sure others like Claude and CHBD will follow suit in the future because it makes sense, right? To aggregate so much financial information that's out there and help you as an investor make better and more educated decisions
11:08At the same time, I will still continue using Seeking Alpha
11:11I'm on the premium plan, which for me really makes sense
11:14I also get some AI features over there
11:15And overall, I really just like the dashboard, the insights
11:19I think they're even more deeper and insightful and more intuitive
11:23I can see the revenues, the graphs are nicer
11:24So again, maybe one day Perplexity will get there, but for the time being, for me, it's still worth it
11:29Even I really like the analysis over here and articles written by really smart authors
11:33So I can also really quickly see whether it's a buy article, a sell related article, and more importantly, the comments because, as I said, reading Reddit comments is one thing, but here all the commenters are basically premium users, right? So they're paying themselves good money, so these are not bots or some internet deens
11:47So using those two tools together will give you that bird's-eye view and perspective to make better and smarter investment decisions
11:54Hope you enjoyed the video
11:56If you did, give it a like, subscribe to the channel, it helps out a lot
11:58Next up, check this video over here
12:00As Always, thanks for watching
12:01To stay healthy, get wealthy, and I'll see you in the next one.
