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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SPY187.83  chart+0.38  chart +0.20%
GOOG525.16  chart-1.78  chart -0.34%
AAPL567.77  chart+43.02  chart +8.20%
TSLA207.86  chart-0.13  chart -0.06%
BBRY7.34  chart-0.02  chart -0.27%
NFLX344.07  chart-9.43  chart -2.67%
FB60.87  chart-0.49  chart -0.80%

DJIA Fut16330.00  chart-9.00  chart -0.06%
Nasdaq Fut3718.00  chart+19.00  chart +0.51%
S&P Fut1872.80  chart+21.80  chart +1.17%
Oil Fut102.15  chart+0.02  chart +0.02%
Gold Fut1311.80  chart+17.1001  chart +1.32%

Nikkei14404.99  chart-141.279  chart -0.97%
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France4479.54  chart+28.46  chart +0.64%
Germany9548.68  chart+4.489  chart +0.05%