Magazine

Online Extra: How The Pro's 2004 Picks Fared


In December, 2003, BusinessWeek Online carried 28 stock recommendations for the new year from a panel of Wall Street pros. The picks returned an average of 22.6%, beating Standard & Poor's 500-stock index, which returned 12.5% in the same period. Of the 28, 19 picks beat the market and 21 made money. The big winners were energy stocks and David Williams play on the restructuring gains of Black & Decker.

Jeffrey M Applegate's picks

Average Return

15 %

Vs. S&P 500

2.5 pts.

COMPANY

SYMBOL

TOTAL RETURN

VS. S&P 500**

Cisco Systems Inc.

CSCO

-19.4%

-31.9

Freeport-McMoRan Copper & Gold Inc.

FCX

-16.2%

-28.7

Halliburton Co.

HAL

53.5%

40.9

Health Management Associates Inc.

HMA

-0.7%

-13.2

Illinois Tool Works Inc.

ITW

16.4%

3.8

Pulte Homes Inc.

PHM

36.3%

23.7

Tyco International Ltd.

TYC

34.9%

22.4

Richard E. Cripps' picks

Average Return

33.9 %

Vs. S&P 500

21.4 pts.

Alltel Corp.

AT

31.4%

18.9

Bank of America Corp.

BAC

25.8%

13.3

EOG Resources Inc.

EOG

53.1%

40.6

General Electric Co.

GE

24.9%

12.4

Pepsi Bottling Group Inc.

PBG

14.6%

2.1

Smithfield Foods Inc.

SFD

32.1%

19.6

UnitedHealth Group Inc.

UNH

55.7%

43.2

Joan E Lappin's picks

Average Return

-1.9 %

Vs. S&P 500

-14.4 pts.

Cephalon Inc.

CEPH

-0.5%

-13.0

General Motors Corp.

GM

-18.2%

-30.7

Nextel Communications Inc.

NXTL

17.6%

5.1

Novell Inc.

NOVL

-32.6%

-45.1

Providian Financial Corp.

PVN

37.3%

24.8

Tesco Corp.

TESOF

9.9%

-2.6

Univision Communications Inc.

UVN

-26.8%

-39.3

David J. Williams' picks

Average Return

43.3 %

Vs. S&P 500

30.8 pts.

ACE Ltd.

ACE

6.8%

-5.7

Black & Decker Corp.

BDK

73.8%

61.2

Carolina Group

CG

29.9%

17.4

Consol Energy Inc.

CNX

72.1%

59.6

Devon Energy Corp.

DVN

41.5%

29.0

Enel S.p.A.

EN

53.0%

40.5

Freddie Mac

FRE

25.9%

13.4

* From Dec. 12, 2003 through Dec. 10, 2004

** Difference in percentage points

DATA: FactSet Research Systems


Steve Ballmer, Power Forward
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