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Tesla Takes Off; Netflix Flies; Barnes & Noble Sputters

Dan Berman
Hot Stock Minute
Tesla Takes Off; Netflix Flies; Barnes & Noble Sputters

Tesla (TSLA) is up another 6% in early trading. The stock rose 14% yesterday, at which point it had gained 44% in just the past week. It all has to do with the Model S sedan which scored 99 out 100 in a Consumer Reports test. Tesla says sales of the car have also exceeded expectations, which helped the company turn its first-ever profit when it reported quarterly earnings last week. Year-to-date the stock is up 117% which an article this morning in the Motley Fool warns is a disconnect from reality. The company now has a larger market cap than Fiat, and would be almost as big as Lexus if it were a stand-alone company.

Next up is a much smaller company, but one that's been on just as big of a tear: Unilife (UNIS). Shares were up 25% yesterday, following a climb of 62% on Friday. This is a Pennsylvania-based company that makes equipment used to inject drugs. The company beat expectations for quarterly earnings when it reported last week, but missed on revenues. Even with this past week's incredible climb, shares are down about 3% over the last year.

Now Netflix (NFLX), which hit a new 52-week high yesterday. Shares rose more than 5% after noted investor Whitney Tilson appeared on Yahoo! Finance's Breakout and said, "I think Netflix has the very open ended optionality with its international. It's growing like gangbusters. So I've been trimming it all the way up but I think Netflix could be this decade's Amazon." Netflix is now up 198% over the past year, though it's still shy of its all-time high which was close to $300 a share.

Finally there's Barnes and Noble (BKS) which is coming off a disastrous day. Shares plunged 9.5% after climbing 31% at the end of last week. All the movement stems from a report in TechCrunch that Microsoft might be buying BN's Nook division. Now an article on the website "Insider Monkey" says the original report was untrue.