Hot Trends: Auto Sales, RIM, Topeka
NEW YORK (TheStreet) -- The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
Research in Motion
(RIMM)
, for one, was a trending topic on Google today after its rating was cut by Goldman Sachs.
The brokerage firm smacked a sell rating on RIMM, saying the company will lose market share as the focus shifts from e-mail to applications. While RIMM dominates the mobile e-mail space with its Blackberry, it is lagging on the application front from competitors like
Apple's
(AAPL) - Get Report
iPhone and
Google's
(GOOG) - Get Report
Android.
Auto sales became a hot topic on Google this afternoon as car makers released their data for month of March.
Ford
(F) - Get Report
announced that it saw a 40% surge in U.S. sales during the month to 183,783 vehicles from 131,465 last year.
Total
General Motors
sales grew 21% to 188,546 vehicles last from 156,380 in March 2009.
The U.S. Navy captured five pirates after suspected Somali pirates fired at them off East Africa. The USS Nicholas, which is based in Norfolk, Va., sank the pirates' skiff and captured their mother ship.
As reported in a
by
TheStreet
, piracy has become an increasing issue for such large, bulk shippers as
DryShips
(DRYS) - Get Report
,
Diana Shipping
(DSX) - Get Report
and
Navios Maritime Partners
(NMH)
.
(GOOG) - Get Report
, for its part, has actually made its own name -- and its fake April Fool's name "Topeka" -- popular search terms today.
|
The change is meant to poke fun at Topeka, Kansas, whose mayor unofficially changed the city's name to Google, Kansas, for the month of March in an effort to land a spot on Google's "Fiber for Communities" program. The initiative will install new broadband cables in communities around the United States.
Offshore drilling continues to dominate Internet searches after President Barack Obama announced on Wednesday that he is reversing oil-drilling restrictions off most U.S. shores.
Shares of oil and natural gas companies are rising in morning trading, with
Devon
(DVN) - Get Report
up 1.9% to $65.68,
Chesapeake Energy
(CHK) - Get Report
rising 0.6% to $23.80,
Diamond Offshore Drilling
(DO) - Get Report
gaining 1.5% to $90.12, and
Schlumberger
(SLB) - Get Report
increasing 1% to $64.08.
-- Reported by Jeanine Poggi in New York.
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