The second step in the fundamental analysis of common stock,after the economy,is:

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After analyzing the overall economy, the next step in fundamental analysis should be to evaluate the industry in which the company operates. Understanding the industry trends, competitive landscape, and regulatory environment can provide insight into the company's potential growth and profitability prospects. Therefore, industry analysis is a critical step in determining the investment worthiness of a company's stock.

The Second Step in the Fundamental Analysis of Common Stock,after