Ticker Talk
The Value Line Investment Survey, a publication that rates 1,700 stocks, in its latest issue has upgraded three stocks to its top score for timeliness based on expected performance in the next six to 12 months: Costco Cos. (ticker: COST; Tuesday close: $89.63), ResMed Inc. (RESM; $37.50) and Tommy Hilfiger Corp. (TOM; $75). . . . Charles Schwab Corp. said Tuesday that it raised President David S. Pottruck’s pay 38% to $7 million last year--his first pay hike as co-chief executive--to bring his pay into line with that of co-CEO and Chairman Charles R. Schwab. . . . Goldman Sachs Group, Wall Street’s richest private partnership, detailed its plans Tuesday to go public, saying the stock sale could be worth as much as $3.5 billion, the second-biggest in the 1990s. The 130-year-old firm could sell as many as 69 million shares at $40 to $50 each, which would value the company at $23.4 billion, about the same as J.P. Morgan & Co.
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