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5 Stocks That Have Yet to Recover From the 2008 Crisis

NEW YORK ( Stockpickr) -- Five years ago, the stock market began its stunning meltdown. The S&P 500 slid 10% in June 2008 and would fall much more sharply in the following months.

>>5 Hated Earnings Stocks You Should Love

Sure, many stocks would go on to post stunning rebounds, and in recent quarters, certain stocks have been repeatedly making new all-time highs. But dozens of other companies in the S&P 500 are still licking their wounds from the 2008 market plunge, trading well below levels seen five years ago.

Some of these companies surely deserve to be shunned, but a select few hold the seeds of renewal.

>>5 Stocks Ready to Break Out

With that in mind, here are five companies that are now poised to regain their footing and catch up to the rest of the market.

Charles Schwab

It's hard to feel sorry for investors of Charles Schwab ( SCHW) -- the stock has nearly doubled from its 52-week low to a recent $21.38. Still, that's below trading levels seen before the 2008 financial crisis took root. Back then, shares appear to have peaked out around $25, but this time around, the upside is far more robust.

In the intervening years, Schwab has done a remarkable job attracting new clients. Many independent stock brokers and financial advisors have left the big firms and brought their clients' assets to Schwab, and once interest rates normalize, look for this company's earnings to soar. That's because Schwab can generate impressive interest income on its clients assets, as massive cash balances are parked on the balance sheet.

>>4 Big Stocks on Traders' Radars

A few key figures tell the tale: Schwab now has 8.9 million client brokerage accounts, runs the retirement programs for more than 1.5 million people and collectively manages $2.1 trillion in assets. Those represent 30% to 50% increases from levels seen five to six years ago. And considering that Schwab earned more than $1 a share back in 2008, the future earnings power could handily exceed $1.50 a share.


Shares of Corning ( GLW) have fallen close to 50% in the past five years, compared with a 20% gain for the S&P 500. Blame goes to the rapid maturation of both the telecom and television set industries. Corning is a key provider of components in both fields, and management has been focusing on keeping sales and profits aloft in the face of relentless competitive pressures.
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GT $28.20 1.10%
GLW $18.44 0.66%
NBR $8.35 2.50%
SCHW $27.32 -0.80%
XRX $9.49 2.20%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

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