The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK ( Insider Monkey) -- We track corporate insiders because we believe that they have an edge over ordinary investors. Academic research has shown that insider purchases on average outperform the market in the following 12-month period. Even small insider purchases are marginally profitable. The reason is simple. Insiders usually have a lot of exposure to their companies' performance. They will only increase their exposure when they have strong reasons to believe that their purchases have a high probability of being profitable.
In this article, we are going to focus on the cheap U.S. stocks insiders bought recently. All companies have at least $2 billion market cap, P/E ratio lower than 15, and were purchased by at least one insider within the past month. The market data is sourced from Finviz.Follow TheStreet on Twitter and become a fan on Facebook.
|WFC||Wells Fargo & Company||1||10.5|
|DD||E. I. du Pont de Nemours and Company||1||13.78|
|PNC||PNC Financial Services Group Inc.||1||9.35|
|BBY||Best Buy Co. Inc.||1||8.93|
|RS||Reliance Steel & Aluminum Co.||1||13.08|
|RNO||Rhino Resource Partners LP||1||14.24|
|GCI||Gannett Co., Inc.||1||7.18|
|NIHD||NII Holdings Inc.||1||11.54|
|IEP||Icahn Enterprises, L.P.||1||6.23|
|LXK||Lexmark International Inc.||1||8.43|
|KRO||Kronos Worldwide Inc.||1||9.79|