A day after topping $900 for the first time ever, Google shares were taking a bit of a breather Thursday, recently trading down 1.2% to $905.
Meanwhile, Tesla shares continued their phenomenal run, jumping 6% to over $90 in recent trading following last night’s news that founder Elon Musk will invest $100 million of his own money into the firm, which announced plans for a 2.7 million share secondary offering.
In the accompanying video, I discuss these two red-hot stocks with Barry Ritholtz, CEO of Fusion IQ and author of The Big Picture blog. Ritholtz has no position in either name but no shortage of opinions either:
Ritholtz is impressed with Google’s technological prowess and strategy of “throwing stuff against the wall to see what works.” In this regard, the search giant has a big advantage over Apple, which he says “has to hit a home run every time or nearly hit one.”
Still, Ritholtz is concerned about a potential problem inRead More »from Google and Tesla: Too Late to Touch?