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:

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SPY204.97  chart-0.04  chart -0.02%
GOOG701.43  chart+5.73  chart +0.82%
AAPL93.24  chart-0.95  chart -1.01%
TSLA211.53  chart-11.03  chart -4.96%
TWTR14.12  chart-0.72  chart -4.85%
BBRY6.68  chart-0.08  chart -1.18%
NFLX89.37  chart-1.42  chart -1.56%
FB117.81  chart-0.25  chart -0.21%

Nikkei16031.72  chart-115.66  chart -0.72%
UK6117.25  chart+5.23  chart +0.09%
France4319.46  chart-4.77  chart -0.11%
Germany9851.86  chart+23.61  chart +0.24%

EUR / USD1.1405  chart+0.0002  chart +0.02%
GBP / USD1.4483  chart+0.0000  chart +0.00%
CAD / USD0.7766  chart-0.0006  chart -0.08%
AUD / USD0.7391  chart-0.0074  chart -0.99%

Gold Fut1102.80  chart-5.30  chart -0.48%
Oil Fut46.33  chart-0.22  chart -0.47%