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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SPY193.84  chart+3.54  chart +1.86%
GOOG524.815  chart+3.975  chart +0.76%
AAPL102.18  chart+2.42  chart +2.43%
TSLA234.3857  chart+3.9157  chart +1.70%
BBRY10.19  chart-0.11  chart -1.07%
NFLX364.88  chart+5.66  chart +1.58%
FB78.30  chart+1.35  chart +1.75%

Nikkei14804.28  chart-306.95  chart -2.03%
Shanghai2339.657  chart-17.071  chart +0.00%
UK6372.33  chart+105.26  chart +1.68%
France4081.24  chart+90.00  chart +2.25%
Germany8886.96  chart+169.20  chart +1.94%