Cramer: Six Stocks With Highest Comeback Potential

In an article on CNBC, the host of Mad Money pulled out many stocks from the worst-performing sectors of the S&P 500. He believes that these stocks offer a tremendous amount of potential to make a back. While one of them has lost more than half of its value, the losses suffered by others have not been as severe. However, all of these are very attractive buys. Verizon Communications VZ: This stock has fallen 15% over the first six months of 2010. Nothing amazing in this loss as telecommunications was the S&P 500’s worst-hit sector over the same time period. Cramer believes that VZ stands a good chance of making a turnaround from here. He said the company can capitalize on “huge opportunities” in the wireless space through Verizon Wireless, the second-largest carrier in the industry. NVIDIA NVDA: This stock has lost more than 40% in the first half of the year. According to Cramer, this graphics chipmaker should make a quick recovery as several revenue-driving products for gaming PCs, notebooks, netbooks tablets and smartphones have been launched. Jabil Circuit JBL: Despite the company’s business firing on all cylinders, JBL’s stock has shed 15% over the first half of the year. What made investors scared was the company’s high exposure to Europe. Up to 31% of Jabil’s production is shipped to the Continent, which was enough to make investors scurry off from the stock after sovereign debt concerns hit the EU. Range Resources RRC: The study conducted by the company on its drilling practices will most likely act as a catalyst for this stock. Abbott Labs ABT: This health-care company has lost 11.4% of its value so far this year. The primary reason for the loss was ABT’s exposure to Europe, with the continent accounting for 24% of the company's sales. However, with economic recovery underway in Europe and CEO Miles White vowing to take a conservative stance on European business, Cramer thinks this will become less of an issue in the second half of the year. AK Steel Holdings AKS: This steel company has shed 37% of its value so far this year. Cramer didn't find this stock attractive as it's not a vertically-integrated steel maker. This means that the company had to buy its primary raw materials. However, he thinks that AKS is poised to recover as its operating costs have plummeted. Read more from Benzinga's Markets.