Wireless capability is undoubtedly growing from developed economies into developing markets. If you're interested in investing in this trend, here are some ideas to get started.
We ran a screen on stocks of the wireless industry for those with the most significant net insider purchases over the last six months, indicating company insiders such as members of the board and upper management believe their employers will outperform.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
Do you think these stocks will outperform like insiders expect? Use this list as a starting point for your own analysis.
List sorted by net insider purchases as a percent of share float.
1. Leap Wireless International Inc. (LEAP): Provides digital wireless services under the 'Cricket' brand name in the United States. Over the last six months, insiders were net buyers of 8,006,000 shares, which represents about 16.41% of the company's 48.80M share float.
2. Clearwire Corporation (CLWR): Provides wireless broadband services. Over the last six months, insiders were net buyers of 2,798,989 shares, which represents about 1.52% of the company's 183.95M share float.
3. USA Mobility, Inc. (USMO): Provides wireless communications solutions to the healthcare, government, enterprise, and emergency response sectors in the United States. Over the last six months, insiders were net buyers of 5,500 shares, which represents about 0.03% of the company's 18.58M share float.
4. Telular Corp. (WRLS): Designs, develops, and distributes products and services that utilize wireless networks to provide data and voice connectivity among people and machines primarily in the United States and internationally. Over the last six months, insiders were net buyers of 3,175 shares, which represents about 0.02% of the company's 13.70M share float.
*Insider data sourced from Yahoo Finance, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.