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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SPY198.30  chart-0.09  chart -0.05%
GOOG584.15  chart-2.71  chart -0.46%
AAPL100.78  chart+0.25  chart +0.25%
TSLA254.57  chart-2.19  chart -0.85%
BBRY10.14  chart+0.29  chart +2.94%
NFLX470.99  chart+2.84  chart +0.61%
FB74.67  chart-0.62  chart -0.82%

Nikkei15454.45  chart+4.66  chart +0.03%
Shanghai2240.211  chart-5.119  chart +0.00%
UK6755.48  chart-23.83  chart -0.35%
France4240.79  chart-13.66  chart -0.32%
Germany9314.57  chart-19.71  chart -0.21%