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.

The most-watched specialty retailer is ...
Looking at the aggregate data, we see that Best Buy (NYSE: BBY) is above the rest in terms of watch interest, the percentage of people keeping an eye on specialty retailers in general who are specifically watching each company. And for good reason. As CAPS player cdubey wrote in June:

Buying because

- Undervalued relative to the industry P/S=0.27 and P/E=10 with PEG=0.8

- Very good balance sheet. 1.2b cash and 0.7b long term debt.

- Good insider holding of 17%.

- Good executive compensation practice

Here are the rest of the top 15 most-watched companies in the industry with their watch interest along with the stocks' CAPS rating to show the sentiment of our investing community.

 

Company

Market Cap (millions)

CAPS Rating

Watch Interest

1

Best Buy

$11,898

**

10.2%

2

Home Depot (NYSE: HD)

$58,308

***

8.9%

3

Ascena Retail

$2,731

***

8.6%

4

Lowe's (NYSE: LOW)

$30,742

***

5.6%

5

hhgregg (NYSE: HGG)

$524

***

3.8%

6

The TJX Companies

$21,298

****

3.7%

7

GameStop (NYSE: GME)

$3,798

**

2.3%

8

Tractor Supply

$5,181

***

2.2%

9

Guess?

$4,069

****

1.9%

10

Aeropostale (NYSE: ARO)

$1,481

****

1.9%

11

Barnes & Noble (NYSE: BKS)

$1,063

*

1.8%

12

Gap

$10,447

**

1.8%

13

Select Comfort

$1,034

**

1.7%

14

Lumber Liquidators

$513

****

1.7%

15

Bed Bath & Beyond

$14,860

**

1.7%

Source: Motley Fool, Motley Fool CAPS.

Whether you're keeping an eye on the industry stalwarts like Best Buy or are watching an up-and-comer like hhgregg, it pays to watch. We can help you keep tabs on your companies with My Watchlist, our free, personalized stock tracking service. Click here to start now.