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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SPY207.50  chart+1.65  chart +0.80%
GOOG521.84  chart+1.33  chart +0.26%
AAPL126.60  chart+1.17  chart +0.93%
TSLA269.15  chart+0.89  chart +0.33%
TWTR35.40  chart-0.82  chart -2.26%
BBRY8.02  chart-0.16  chart -1.96%
NFLX655.45  chart-1.49  chart -0.23%
FB86.91  chart+1.15  chart +1.34%

Nikkei20329.32  chart+93.59  chart +0.46%
UK6608.59  chart+87.61  chart +1.34%
France4883.19  chart+92.99  chart +1.94%
Germany11180.50  chart+235.53  chart +2.15%

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GBP / USD1.5610  chart-0.0007  chart -0.04%
CAD / USD0.7942  chart-0.0003  chart -0.04%
AUD / USD0.7638  chart-0.0010  chart -0.13%