No. 1: Sprint Nextel
YTD Return: 107%
Verizon (NYSE:V) and AT&T (NYSE:T), move over. Sprint Nextel (NYSE:S) may be the third-largest wireless provider in the nation, but it’s the best stock overall in Real America Index component — and it takes the cake by a landslide.
Talk about a black horse. When we picked Sprint for the index, it’s position as third-best in the industry looked iffy at best. “Unfortunately, it will be difficult road ahead for Sprint,” InvestorPlace Assistant Editor Marc Bastow wrote. And contributor James Brumley agreed months later. “It’s probably the last thing anybody would have seen coming.”
Still, shares have soared — and gained in triple-digits even on the heels of its increased losses in Q2.
What gives? Well, the company recently launched its own 4G LTE network, started offering the iPhone, still provides unlimited data and has been consistently adding subscribers. The main question is whether Sprint can start pocketing a profit from all its improvements — and whether shares can keep climbing as a result.
For now, though, I’m sure Sprint feels good being on top.