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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SPY199.15  chart-1.55  chart -0.77%
GOOG587.37  chart-8.71  chart -1.46%
AAPL101.06  chart+0.10  chart +0.10%
TSLA250.03  chart-9.29  chart -3.58%
BBRY10.93  chart+0.04  chart +0.37%
NFLX442.78  chart-14.74  chart -3.22%
FB76.80  chart-1.11  chart -1.42%

Nikkei16205.9  chart-115.27  chart -0.71%
Shanghai0.00  chartN/A  chartN/A
UK6694.98  chart-78.65  chart -1.16%
France4380.61  chart-61.94  chart -1.39%
Germany9654.71  chart-94.83  chart -0.97%