This LCR (inductance, capacitance, resistance) meter will test a component and tell you what it is, as well as some of the specifications for that component. It will tell you the pinout for diodes, transistors and many other components. One neat additional feature is that it will check IR remotes, actually telling you the code that the remote sends.

It is powered by an internal battery that charges with a micro USB cable, which is included in the package. Three probe wires are also included for attaching to components that won’t fit in the ZIF socket. There are several different variations of this meter available on the internet, but this is the one I chose to spend my money on.

Check it out on Amazon (If you click on any Amazon links on my website they might give me some money, which is neat)