National Enquirer, GM Stock: Hot Trends
(New information on The National Enquirer and General Motors stock price updated in today's Hot Trends article.)
NEW YORK (
) -- "National Enquirer" is a popular search topic today after the publication's parent company
American Media
filed for bankruptcy yesterday
.
The publisher of
The National Enquirer
, as well as
Men's Fitness
and
Shape
magazines, filed for Chapter 11 bankruptcy protection to allow for necessary restructuring.
President and CEO David Pecker said that the American Media publications will continue to operate during the reorganization period, and that staff will be unaffected.
"GM stock" is a heavily searched topic today as
TheStreet Recommends
General Motors
(GM)
shares traded higher in their return to the New York Stock Exchange Thursday.
The price was up 4.2% to $34.40 from the initial public offering price of $33.
GM was delisted by the NYSE a year and a half ago after filing for bankruptcy protection. It retained its well-known ticker symbol of GM.
"Mortgage lending" is a popular search topic today after the U.K. council of mortgage lenders trade association reported that its gross mortgage lending in October was at the lowest level in a decade.
U.K.'s October mortgage lending level came in flat with September's £12.4 billion, or $19.86 billion at current exchange, but was down 9% from October 2009. It was the weakest reading for the month since October 2000, when it came in at £9.9 billion, or $15.85 billion.
CML chairman Matthew Wyles expects to end 2010 with about £137 billion, or $217.93 billion in gross lending, down from £142.6 billion, or $228.35 billion a year ago and the lowest level in at least 10 years.
"Solar energy" is a trending search topic on the Internet today after
Credit Suisse
(CS)
analyst
Satya Kumar downgraded the entire solar energy sector
to a market weight from an overweight.
>> George Soros Bulks Up on Solar Stocks
Kumar said that demand will likely be "flattish" heading into 2011 and that the "subsidy-driven solar market demand cannot keep up with incremental solar supply coming online from mid-2011."
Kumar also downgraded individual solar stocks such as
First Solar
(FSLR)
,
GT Solar International
(SOLR)
,
Trina Solar
(TSL)
and
ReneSola
(SOL)
to a hold rating from a buy rating.
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.
-- Written by Theresa McCabe in Boston.
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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
