People watch stocks for different reasons -- they're waiting for a dip in price, watching for a specific catalyst, gathering all the news and information that might affect stocks they already own, or considering a sell. Regardless of their motivation, we can better understand market sentiment by seeing who's watching what. With the Fool's free My Watchlist service, we have tens of thousands of people telling us the businesses that have, for whatever reason, piqued their interest.
With this data we have come up with a new metric, watch interest, to inform investors what stocks their peers keep tabs on in each industry. In the case of the telecom-equipment industry, watch interest is the percentage of people keeping an eye on telecom-equipment stocks in general who are specifically watching each company. By looking at what stocks people are most interested in within an industry, you can get ahead of the curve by finding hot stocks that you might have otherwise overlooked.
The most-watched telecom-equipment stock is ...
Looking at the aggregate data, we see that Calix (NAS: CALX) is above the rest in terms of watch interest, and for good reason. As CAPS player iamroc wrote in June: "Company has best of breed hardware and software products that enables CSPs to provide basic voice and data, and broadband services, as well as enhance and transform CSP access networks. Great management, steady growth q over q."
Here are the rest of the top 15 most-watched companies in the industry, with their watch interest and the stocks' CAPS rating to show the sentiment of our investing community.
Market Cap (Millions)
CAPS Rating (out of 5)
Qualcomm (NAS: QCOM)
Research In Motion (NAS: RIMM)
Nokia (NYS: NOK)
Arris Group (NAS: ARRS)
Alcatel-Lucent (NYS: ALU)
JDS Uniphase (NAS: JDSU)
Tellabs (NAS: TLAB)
Motorola Mobility (NYS: MMI)
CIENA (NAS: CIEN)
Motorola Solutions (NYS: MSI)
Powerwave Technologies (NAS: PWAV)
Telestone Technologies (NAS: TSTC)
Harris (NYS: HRS)
DragonWave (NAS: DRWI)
Sources: The Motley Fool, Motley Fool CAPS.
Whether you're keeping an eye on the industry stalwarts like Qualcomm or are watching an up-and-comer like Telestone Technologies, it pays to watch. We can help you keep tabs on your companies with My Watchlist, our free, personalized stock-tracking service. Get started now!
At the time thisarticle was published FollowDan Dzombakon Twitter at@DanDzombakto check out hismusings and see what articles he finds interesting.The Motley Fool owns shares of Research In Motion and Qualcomm. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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