The Twitter-24/7 Wall St. Stock Market Report 7.12.2010 The Wisdom Of Crowds

Investing

Published: July 12, 2010 8:32 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 StockTwits are MACRO, Netflix Inc (NASDAQ: NFLX), Crocs Inc (NASDAQ: CROX), Cirrus Logic, Inc (NASDAQ: CRUS), Google Inc (NASDAQ: GOOG), and Aruba Networks, Inc (NASDAQ: ARUN).The Economist: Headlines: BP shares rise on speculation of asset sale, Exxon bid; UK recession worse than first thought; Aon buys Hewitt http://ow.ly/2a7oN

FT: Aon to buy Hewitt in $4.9bn deal: The world’s largest insurance brokerage says it will acquire human-resource serv… http://bit.ly/9StAee

NYT: Aon Buys Hewitt in Move to Expand Its Consulting http://nyti.ms/atpmWp

MarketWatch: BP removes well cap; crude oil flows unrestricted into Gulf of Mexico http://on.mktw.net/dpyE84

Yahoo! Finance: BP says cost of dealing with Gulf of Mexico oil spill reaches $3.5 billion http://yhoo.it/9A3KD9

Yahoo! Finance: Aon agrees to buy Hewitt for $4.9 billion http://yhoo.it/diuOXQ

Yahoo! Finance: Forget Gold, China Will Double Its Uranium Hoarding This Year http://yhoo.it/br3dSH

Douglas A. McIntyre

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