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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SPY212.99  chart-0.51  chart -0.24%
GOOG540.11  chart-2.40  chart -0.44%
AAPL132.54  chart+1.15  chart +0.88%
TSLA247.73  chart+2.11  chart +0.86%
TWTR36.60  chart-0.08  chart -0.22%
BBRY10.48  chart+0.21  chart +2.04%
NFLX621.87  chart-1.15  chart -0.18%
FB80.54  chart+0.06  chart +0.07%

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France5142.89  chart-3.81  chart -0.07%
Germany11815.01  chart-49.58  chart -0.42%

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GBP / USD1.5474  chart+0.0002  chart +0.01%
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AUD / USD0.7826  chart+0.0012  chart +0.15%