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

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