So what are the 9 stocks that went up during the 2008 crash? Insider Monkey have made a great research work again related to this issue. The Great Recession caused incredible financial losses, and millions of people got into alarming situation afterwards. They lost their jobs, their businesses, and their homes, too. This recesiion is considered to be the most devastating one in the world since the infamous Great Depression of the 1930s. The S&P 500 index actually lost 38.5% of its value in 2008 alone, the greatest fall since the Great Depression in 1931. While the effects of the Great Recession could be felt across the globe, perhaps it’s deepest and largest effects were experienced in the United States.
Despite the recession caused global financial issues all over the world, there were still companies that could flourish because of the unique opportunities and circumstances they had. For instance fast food industry gained in value even during the recession in 2008, as it was inexpensive, and people couldn’t afford anything else. It sounds sorrowful, but this is because these companies could do well during the recession.
But back to the best performing stocks after the crash in 2008, those biggest companies that managed to grow despite the recession, had some things in common. One of them is, that these stocks were so-called ‘defensive’ stocks, which alludes to stock which are generally considered to not be risky. When there was a great falling in the global market, investors panicked and put their money into these stocks in order to avoid losing everything.
So without delaying any longer, let’s check out what Insider Monkey have collected us about the 9 stocks that went up during the 2008 crash.
9. Career Education Corporation (NASDAQ:CECO)
Career Education Corporation was able to take ful advantage despite the recession, as they offered education as a surety for jobs in uncertain times. People spent tens of thousands of dollars on learning and getting a degree.
8. Coca-Cola Consolidated Inc. (NASDAQ:COKE)
Coke sales never ended to grow, and they managed to gain in value despite the recession, that’s why Coke is regarded to be a recession proof stock by the analysts.
7. Lincoln Education Services Corporation (NASDAQ: LINC)
Lincoln was able to take full advantage during the recession as people realized they will be able to get better jobs if they have a degree.
6. Monro, Inc (NASDAQ: MNRO)
Automotive repair inustry made great growth durin the recession, because repairwork became more expensive, people started to made it themselves, instead of taking their car to expensive repair shops. That’s why Monro was able to gain in value.
5. Nektar Therapeutics (NASDAQ: NKTR)
We are half way throug our list of the 9 stocks that went up during the 2008 crash. Nektar Therapeutics is a biopharmaceutical company, it produces life saving drugs. This is the reason why it was able to gain in value.
4. AutoZone Inc. (NYSE:AZO)
With providing automotive spare parts, AutoZone made a great growth during the recession. People began to buy the replacement parts to their old cars, and they made the repair work themselves instead of taking the car into expensive repair shops.
3. Gold Fields Limited (NYSE:GFI)
Gold Fields Limited did well during the recesson in 2008, as people took out their cash and invested it in gold in order to avoid any losses.
2. Sturm, Ruger & Company, Inc. (NYSE:RGR)
While companies had to face with financial difficulties during the recesiion, Sturm, Ruger & Company became America’s largest firearm manufacturer in 2008. That’s why it deserved its second place here, on our list.
1. Netflix (NASDAQ:NFLX)
I think no one will be surprised when we say that Netflix is the on the top of the list of 9 stocks that went up during the 2008 crash. Netflix existed already ten years ago too, but naturally it wasn’t as giant company as it is today.