The Twitter-24/7 Wall St. Stock Market Report 6.25.2010 The Wisdom Of Crowds

Investing

Published: June 25, 2010 8:56 am

Twitter has, by most estimates, 100 million members, 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. It raises the question of whether there is wisdom in crowds.

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 most tweeted stocks on market aggregator Top Stock Tweets are Apple Inc (NASDAQ: AAPL), EURUSD, GBPUSD, USDJPY, Research In Motion, (NASDAQ: RIMM), Google Inc (NASDAQ: GOOG), Boeing (NYSE: BA), AT&T Communications (NYSE: T).Reuters Biz: Pressure mounts at G20 to dilute bank capital plan http://link.reuters.com/xem24m

Reuters Biz: KB Home posts wider-than-expected losshttp://link.reuters.com/zem24m

CNN Money: U.S. economic growth revised lower http://bit.ly/aON0O4

MarketWatch:

Final revision of U.S. GDP shows 2.7% first-quarter growth rate, down from 3.0% previously http://on.mktw.net/bcftNJ

FT: US banks and funds to face $19bn levy: Banks and hedge funds will be hit with a $19bn fee to pay costs associated …http://bit.ly/aEAsU6

FT: Worries persist about US economy: Doubts about the prospects for the US economy weigh on investors’ appetite for r… http://bit.ly/cuFVPZ

Daily Finance: BP Shares Tumble After Company Announces Rising Cleanup Costs http://bit.ly/by6C1G

Daily Finance: Boeing to Inspect 787 Dreamliners Before Next Flight http://bit.ly/c4ktnl

Douglas A. McIntyre

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