(Google trends article updated with Coca-Cola and MGM, which join volcano in Iceland, Goldman Sachs fraud and Gizmodo iPhone, as hot search terms.)
NEW YORK (
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.
is a hot topic on Google Tuesday afternoon after the beverage maker reported a 20% surge in first-quarter profit, boosted by international growth.
During the quarter, the company earned $1.61 billion, or 69 cents a share, on revenue of $7.53 billion. On an adjusted basis, the company would have earned 80 cents a share, easily topping Wall Street's forecasts.
MGM is another hot search term -- but whether it is
, the casino, or
the move studio, that is moving the needle online is a subject to be debated.
Both of the companies made headlines today: MGM Mirage was upgraded to Goldman Sachs' conviction buy list, while the MGM movie studio halted the production of the next James Bond movie due to its uncertain future. Producers for the movie said development has been put on pause indefinitely after MGM was unable to find a buyer.
The volcano in Iceland continues to be a hot trending topic on Google, as the ash cloud that formed as a result or the eruption and has caused travelers to be stranded across Europe.
Just when some flights were resuming -- with a projected 60% of European flights expected to take off today -- a new eruption on Tuesday sent another cloud of ash to Europe.
Flight delays have cost global airlines $250 million per day in lost revenue.
are among the carriers that were forced to cancel flights.
fraud charges continue to dominate searches. On Tuesday the brokerage firm reported $3.46 billion in profit on $12.78 billion in revenue during the first-quarter, significantly beating Wall Street's forecast.
This, however, is being overshadowed by allegations made by the Securities and Exchange Commission on Friday that Goldman Sachs failed to disclose conflicts of interest in mortgage investments it sold to investors as the housing market collapsed, costing investors $1 billion.
is also being linked to these allegations, as the SEC is alleging that his hedge fund, Paulson & Co., paid Goldman to short these mortgages.
The design for
iPhone 4 has been revealed, after an employee mistakenly left the device in a California bar, tech blog Gizmodo reported.
Gizmodo disassembled the phone, revealing pictures and video of the highly-anticipated updated iPhone, which is set to hit stores this summer.
Apple, of course, is demanding Gizmodo return the prototype, which the blog says proves the device is legit.
-- Reported by Jeanine Poggi in New York.
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