Hot Trends: Verizon iPhone, Oil Drillng
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.
Ford
(F) - Get Report
is one of the day's most highly searched terms, although the reason for the spike in interest was not immediately evident.
For one thing, Ford announced at the New York auto show that it is partnering with
Microsoft
(MSFT) - Get Report
for a way to wirelessly charge its electric car.
The Ford Focus will be released next year.
The United Auto Workers also announced that the sale of all of its Ford common stock warrants is expected to help the UAW Retiree Medical Benefits Trust raise about $1.78 billion.
President Barack Obama's reversal of oil drilling restrictions off most U.S. shores has stirred up significant Internet attention and is the No. 1 search term on Google this afternoon.
The move could put new oil and nautral gas platforms in waters along the southern Atlantic coastline, the eastern Gulf of Mexico and part of Alaska.
Investors today are keeping their eyes on natural gas players like
Devon
(DVN) - Get Report
,
Chesapeake Energy
(CHK) - Get Report
, as well as offshore driller
Diamond Offshore Drilling
(DO) - Get Report
and industry-leader
Schlumberger
(SLB) - Get Report
.
Meanwhile, the Philadelphia Oil Service Sector index was marching up 1.5%. Drillers on the index surging more than 2% higher included
Transocean
(RIG) - Get Report
,
Rowan
(RDC)
,
Noble
(NE) - Get Report
and
Nabors Industries
(NBR) - Get Report
.
For the second day in a row the interest in
Apple
(AAPL) - Get Report
creating an iPhone for
Verizon
(VZ) - Get Report
is dominating marke-related Internet searches.
The
Wall Street Journal
reported on Monday that Apple plans on launching an iPhone this year that would be compatible with Verizon's technology, as well as
Sprint Nextel
(S) - Get Report
and several other international providers.
The news sent shares of Apple to an all-time high of $237.48 on Tuesday.
The job market is, of course, an immediate concern, as invesors look to see how many jobs were lost in the private sector in March. And the news today was sobering.
Automatic Data Processing
(ADP) - Get Report
revealed on Wednesday that the
private sector lost 23,000 jobs during the month
, which was more than expected.
-- Reported by Jeanine Poggi in New York.
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