This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Surprises in Store for 2004

3. Facing rising energy prices, the automobile industry's fortunes erode dramatically as the consumer is nonresponsive to further incentives. Ford (F) loses more than $1 billion in the second quarter of the year. William Ford Jr. steps down.

4. With the cost of capital declining to unprecedented low levels, a relatively quick restoration of order in South America and the emergence of an overall calm in Iraq (as President Bush orders more troops in to stabilize that country), merger activity explodes and stock prices follow suit. The world equities markets end the year nearly 30% higher than the May lows and close at about 15% higher than year-end 2003 levels. Financial stocks and, briefly, oil stocks are the principal market leaders, but technology stocks languish throughout the entire year (portability proves to be a nonevent) and end the year slightly lower than at 2003's year end.

Internet stocks prove to be one of the worst performing sectors of the market, after New York Attorney General Spitzer sues eBay (EBAY) and Amazon (AMZN) for nonpayment of state sales taxes.

Despite a widespread belief that housing activity will fall off the cliff, the rise in home prices (fueled by ever-lower mortgage rates) continues apace and begins to resemble the bubble in the Nasdaq of the late 1990s.

5. Beginning at midyear, Genworth Financial, the General Electric spinoff, embarks on a series of high-profile acquisitions (which include CNA Financial (CNA), Fidelity Financial and H&R Block (HRB)), spurring an unprecedented round of industry consolidation in the financial sector.

6. After the minipanic in the markets in the first half, and in response to Genworth Financial's takeover announcements, the following acquisitions are announced and consummated:

  • Merck (MRK) acquires Schering-Plough (SGP).

  • Fidelity acquires Janus (JNS).

  • News Corp. (NWS) and MGM Mirage (MGG) acquire a loss-ridden DreamWorks.

  • J.P. Morgan (JPM) acquires Countrywide Credit.

  • Fifth Third Banks (FITB) acquires National Commerce Financial (NCF).

  • Wachovia (WB) acquires First Tennessee (FTN).

  • GrupoTelevisa (TV) acquires Univision (UVN).

  • Wells Fargo (WFC) acquires Capital One (COF).

  • Tyco (TYC) acquires Toll Brothers (TOL).

  • Citigroup (C) acquires Alliance Capital (AC).

  • Polo Ralph Lauren (RL) is acquired in a leveraged buyout.

  • Nike (NKE) acquires Gap Stores (GPS).

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs