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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SPY199.45  chart-2.5402  chart -1.26%
GOOG534.52  chart+23.86  chart +4.67%
AAPL117.16  chart-1.74  chart -1.46%
TSLA203.60  chart-1.60  chart -0.78%
BBRY10.15  chart-0.10  chart -0.98%
NFLX441.80  chart-2.00  chart -0.45%
FB75.91  chart-2.09  chart -2.68%

Nikkei17674.391  chart+68.17  chart +0.39%
Shanghai3210.363  chart-51.942  chart +0.00%
UK6749.40  chart-61.20  chart -0.90%
France4604.25  chart-27.18  chart -0.59%
Germany10694.32  chart-43.55  chart -0.41%