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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SPY197.72  chart-0.93  chart -0.47%
GOOG589.02  chart-4.33  chart -0.73%
AAPL97.671  chart+0.641  chart +0.66%
TSLA223.57  chart+0.03  chart +0.01%
BBRY10.27  chart-0.11  chart -1.06%
NFLX421.86  chart-3.52  chart -0.83%
FB75.19  chart+0.21  chart +0.28%

Nikkei15529.4  chart+71.53  chart +0.46%
Shanghai2177.948  chart+51.334  chart +0.00%
UK6796.44  chart+4.89  chart +0.07%
France4339.94  chart+9.39  chart +0.22%
Germany9631.87  chart-12.14  chart -0.13%