Two Red-Hot Stocks: GOOG – TSLA

By May 18, 2013, 7:30 AM Author's Blog  

Two days after surpassing the $900 level for the first time ever, Google‘s (GOOG) surge on Wall Street is still showing  no signs of slowing down. The ticker traded as high as $913 per share intraday in Friday’s session in New York, pushing the search giant’s stock market value above $300 billion. Since mid-January lows around $695, Google’s stock, which has risen about 60 percent in the past 10 months, is up nearly 30 percent.

Meanwhile, Tesla (TSLA) shares continued their parabolic run. The stock, which is up a ‘only’ 200% over the past 52 weeks, compared to the S&P’s 23% increase, printed the tape at $91.50 in recent trading following Wednesday’s news that cofounder Elon Musk would invest $100 million in the company’s stock as the surging electric car maker uses a sharp rise in its PPS to issue stock and repay government loans.

In the accompanying video, ‘The Daily Ticker’s Aaron Task discusses these two red-hot stocks with Barry Ritholtz, author of ‘The Big Picture’ blog.

Click for video:

Two Red Hot Stocks: GOOG   TSLA

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SPY201.21  chart+1.80  chart +0.90%
GOOG639.16  chart-3.20  chart -0.50%
AAPL109.50  chart-1.28  chart -1.16%
TSLA226.72  chart-5.24  chart -2.26%
TWTR30.32  chart+0.49  chart +1.64%
BBRY7.29  chart+0.13  chart +1.82%
NFLX114.93  chart+6.83  chart +6.32%
FB92.47  chart+0.07  chart +0.08%

Nikkei18438.67  chart+297.50  chart +1.64%
UK6374.82  chart+38.47  chart +0.60%
France4675.91  chart+8.57  chart +0.18%
Germany9993.07  chart+22.67  chart +0.23%

EUR / USD1.1275  chart-0.0004  chart -0.04%
GBP / USD1.5363  chart+0.0013  chart +0.08%
CAD / USD0.7710  chart+0.0026  chart +0.34%
AUD / USD0.7291  chart+0.0038  chart +0.52%

Gold Fut1133.20  chart+1.20  chart +0.11%
Oil Fut40.94  chart-0.20  chart -0.49%