Hot Trends: iPad Wi-Fi, Appliance Rebate
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.
The hottest Google search Wednesday afternoon is for Texas' appliance rebate program, which will begin on Monday.
Similar to the Cash for Clunkers program, it will allow Texans who purchase qualifying products to receive a rebate that could range anywhere from $45 to $1,000. Qualified appliances include refrigerators, freezers, air conditioners, dishwashers, hot water heaters, washing machines and air-source heat pumps.
This could be a boost for retailers in the state like
Sears
(SHLD)
or appliance makers like
Stanley Black & Decker
(SWK) - Get Report
.
Spirit Airlines
Spirit check-in counter pictured above
is also making noise online Wednesday, after it announced that it will
begin charging for carry-on bags
. The main impetus for the fare, according to Spirit, is to reduce boarding delays.
Starting with flights departing Aug. 1, the basic fee will be $30 per bag, but will rises to $45 if paid at the gate.
Simultaneously, Spirit also reduced ticket prices, with some fares falling by as much as $40.
Charging for checked bags has become a norm among airlines, such as
United Airlines
(UAUA)
, but Spirit is the first to charge for carry-on luggage.
The mine explosion in West Virginia, operated by
Massey Energy
(MEE)
, continues to top Google searches.
>> Stockpickr Answers: Is anyone buying MEE at these levels?
The explosion, which occurred Monday afternoon, killed 25 miners and four are still missing, the company said. This was the worst U.S. mining disaster since 1984.
According to several reports, Massey's mine had hefty unpaid fines due to safety violations, including problems with the ventilation system that clears away combustible methane gas.
Apple's
(AAPL) - Get Report
iPad has been showing up in Google searches for over a week due to its launch over the weekend. But today the trending topic is for problems with wireless on the device.
Apple acknowledged complaints that the iPad is having trouble connecting to the Internet and offered some fixes.
Earlier today, UBS upped estimates for Apple through 2011, as iPhone sales are moving ahead of expectations. UBS holds a buy rating on the stock and a price target of $280.
-- Reported by Jeanine Poggi in New York.
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