What Does Twitter Say About The Stock Market? Plenty 4.9

Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

Among the daily top trending  symbols on stock twitter aggregator StockTwits are Apple (AAPL), MGM (MGM), Goldman Sachs (GS), Joe’s Jeans (JOEZ), Las Vegas Sands (LVS), and AIG (AIG).

CNN Money: Oil prices rally http://bit.ly/caTzSu

CNN Money: More than 200,000 jobless counting on an extension http://bit.ly/aVZ6AR

Reuters Biz: Strong U.S. earnings seen, but may be priced in http://link.reuters.com/beh27j

MarketWatch: Amazon shares pop on rumor that Kindle may sell at Target http://bit.ly/cVjwGO

FT: Murdoch in ad price attack: News Corp is offering steep discounts to advertise in its Wall Street Journal and New … http://bit.ly/c1uRl7 about 13 hours ago via twitterfeed

Douglsa A. McIntyre