By
Ilan Moscovitz (TMF Diogenes)
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More Articles
June 12, 2008
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With the S&P 500 down nearly 8% since the start of 2008, it’s been a rough year for the stock market. So many stocks are down from their highs -- some more deservedly than others. It's more important than ever to figure out how to separate disastrous companies like Bear Stearns (NYSE: BSC ) and Countrywide Financial (NYSE: CFC ) from the very real opportunities that are out there right now.
One great place to start looking is a pool of the favorite stocks of our 105,000-strong Motley Fool CAPS investment community. On CAPS, the best-performing players' opinions have greater influence over a stock's ratings, making these picks truly among the best of the best.
I used our new CAPS screening tool to pick out some of the CAPS community’s most well-regarded stocks that are trading at a discount. Let's look at five companies that have fallen 30% or more from their 52-week highs.
They also have:
- Market caps greater than $5 billion.
- Five-star ratings, the highest possible, from our CAPS community.
Remember, in the first year for which we have data, five-star companies outperformed the market with an average gain of nearly 28%.
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Company
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% Below
52-Week High
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Share
Price
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Sector
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Market Cap
(in billions)
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EMC (NYSE: EMC )
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36%
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$16.29
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Technology
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$33.7
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Cemex (NYSE: CX )
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38%
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$25.67
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Industrial Goods
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$20.0
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Hologic (Nasdaq: HOLX )
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36%
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$23.22
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Healthcare
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$5.9
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NYSE Euronext (NYSE: NYX )
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38%
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$57.17
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Financial
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$15.2
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Terex (NYSE: TEX )
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35%
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$63.11
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Industrial Goods
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$6.4
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Data from Motley Fool CAPS and Yahoo! Finance as of June 11.
Of course, screens are merely a first step in the stock-selection process. Come and join us on Motley Fool CAPS to dig further into these companies. Let our CAPS community help you identify today's best opportunities.
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