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Stocks to watch.(Industrial Control Concepts Inc., The Goldman Sachs Group Inc., Hearst-Argyle Television Inc.)(Brief article)
Crain's New York Business, November, 2006
Goldman Sachs' shares top $200 mark despite a slowdown on the Street SOME EXPERTS believe that Wall Street will have a weak second half, but investors don't think that will hurt Goldman Sachs Corp. The firm's shares cracked the $200 barrier on Wednesday, closing at $202.29. The stock's value has increased 56% since the start of the year and has quadrupled since Goldman's May 1999 IPO.
According to Bloomberg News Service, only a dozen companies trade above $200. Thanks to ad revenues reaped during November's heated elections, Hearst-Argyle Television Inc. is having a bang-up fourth quarter. The stock price is up about 8% in the past month, with shares closing Wednesday at $25.38. Next year, growth will get back to normal levels for the Hearst Corp....
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