Module 4 — Stock Market

About Course

Module 4 has 35 lessons on shares and stock markets. Definitions come from the SEC’s Investor.gov, S&P Dow Jones Indices, FINRA and the OpenStax textbook Principles of Finance 2e. Company valuation is introduced here and covered in depth in Module 8.

Level: Beginner–Intermediate · Before this: Modules 1–2.

Course Content

Part 1 — Shares and exchanges

Lesson 4.1 — What a stock is
Lesson 4.2 — Common vs preferred shares
Lesson 4.3 — IPOs
Lesson 4.4 — Stock exchanges
Lesson 4.5 — Exchange vs broker
Lesson 4.6 — Market capitalisation, free float and shares outstanding
Lesson 4.7 — ADRs and GDRs
Lesson 4.8 — Settlement (T+1)
Lesson 4.9 — Owning a share vs a share CFD
Lesson 4.10 — Fractional shares
Lesson 4.11 — Pre-market and after-hours trading
Lesson 4.12 — Level 2 data (the order book)

Part 2 — Indices, ETFs and funds

Part 3 — Corporate actions and shareholder returns

Part 4 — Types of stocks and what drives prices

Part 5 — Risks and rules

Module quiz and sources

Student Ratings & Reviews

No Review Yet

About Course

Course Content

Part 1 — Shares and exchanges

Lesson 4.1 — What a stock is

Lesson 4.2 — Common vs preferred shares

Lesson 4.3 — IPOs

Lesson 4.4 — Stock exchanges

Lesson 4.5 — Exchange vs broker

Lesson 4.6 — Market capitalisation, free float and shares outstanding

Lesson 4.7 — ADRs and GDRs

Lesson 4.8 — Settlement (T+1)

Lesson 4.9 — Owning a share vs a share CFD

Lesson 4.10 — Fractional shares

Lesson 4.11 — Pre-market and after-hours trading

Lesson 4.12 — Level 2 data (the order book)

Part 2 — Indices, ETFs and funds

Lesson 4.13 — Major stock indices

Lesson 4.14 — How indices are calculated

Lesson 4.15 — A stock, an index and an ETF

Lesson 4.16 — ETFs vs mutual funds vs individual stocks

Lesson 4.17 — Sectors (GICS)

Part 3 — Corporate actions and shareholder returns

Lesson 4.18 — Dividends, dividend yield and ex-dividend dates

Lesson 4.19 — Stock splits

Lesson 4.20 — Share buybacks

Lesson 4.21 — Rights issues and dilution

Lesson 4.22 — Mergers, acquisitions, spin-offs and delisting

Part 4 — Types of stocks and what drives prices

Lesson 4.23 — Growth, value, income and cyclical stocks

Lesson 4.24 — Defensive vs cyclical

Lesson 4.25 — Earnings reports and earnings season

Lesson 4.26 — EPS, revenue, operating profit and net income

Lesson 4.27 — P/E, P/S and P/B ratios

Lesson 4.28 — Market price vs intrinsic value

Lesson 4.29 — How interest rates affect stock valuations

Lesson 4.30 — Inflation, recession and growth

Part 5 — Risks and rules

Lesson 4.31 — Short selling and stock lending

Lesson 4.32 — Short squeezes: the GameStop case

Lesson 4.33 — US day-trading rules: the end of the PDT rule

Lesson 4.34 — The risk of owning one company or one industry

Lesson 4.35 — Genuine opportunity or speculation?

Module quiz and sources

Module quiz

Sources

Student Ratings & Reviews