Tesla Motors Inc (NASDAQ:TSLA) is now one of Apple Inc. (NASDAQ:AAPL)’s default selections on OS X 10.10 stocks to follow. Street Insider noticed the change:
Analysts and journalists alike have been touting similarities between Apple Inc. (NASDAQ:AAPL) and Tesla Motors Inc (NASDAQ:TSLA). Both companies have that “cool” factor, and both have been major disruptors in their markets.
Now Apple Inc. (NASDAQ:AAPL) is basically promoting Tesla Motors Inc (NASDAQ:TSLA) by adding it as a default stock in OS X 10.10. As you can see, Tesla has been placed just ahead Microsoft Corporation (NASDAQ:MSFT). Of course Apple is at the top of the list after the three major U.S. stock indexes, followed by Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Yahoo! Inc. (NASDAQ:YHOO).
Tesla part of momentum stock “trifecta”
Both Tesla Motors Inc (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL) are considered in one writer’s “trifecta” of momentum stocks. Writing on The Street, ValuEngine market strategist Richard Suttmeier noted that Tesla shares have risen 11% since May 12, putting the automaker in second place in the race. Tesla’s 200-day simple moving average is around $181, although its weekly charge is positive. The automaker’s five-week modified moving average is around $203.
Netflix, Inc. (NASDAQ:NFLX) is in first place in the race, trading at a low of $299.50 toward the end of April but soaring up to nearly $423 a share this week. That marks a 22% increase and puts the stock’s 200-day simple moving average at around $355.
Apple Inc. (NASDAQ:AAPL) is in third place with a 6% gain since May 12. The company’s multi-year intraday high was around $644 at the end of May. Suttmeier notes that Apple was overbought, with a five-week modified moving average of around $594.
Amazon, Google also mentioned
Suttmeier also looked at Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Amazon.com, Inc. (NASDAQ:AMZN) in his report. Google has risen nearly 5% since May 12 with a year to date intraday low of $511 toward the end of April and passing $577 a share toward the end of May.
Amazon.com, Inc. (NASDAQ:AMZN) has risen 2% in the same time frame. The company has a year to date low of around $284 a share in early May and has been under its 200-day simple moving average since early in April. However, this week the company’s chart has shifted to the positive as it closed higher than its five-week modified moving average on Monday.