Investing
The Twitter-24/7 Wall St. Stock Market Report 7.16.2010 The Wisdom Of Crowds
Published:
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 Goldman Sachs Group (NYSE: GS), Apple Inc. (NASDAQ: AAPL), EURUSD, JP Morgan Chase (NYSE: JPM), VIVUS (NASDAQ: VVUS), and Google Inc (NASDAQ: GOOG).FT: GE beats estimates as finance unit improves: The diversified industrial conglomerate reports mixed results, beatin… http://bit.ly/dxo30e
CNN Money: Bank of America profits top $3 billion http://bit.ly/cOPjih
CNN Money: Citigroup posts second-quarter profit of $2.7 billion, beating Wall Street estimates; says it sees “sustained profitability.” $$
CNN Money: GE sees solid earnings growth http://bit.ly/bXuldv
Reuters Biz: BofA profit tops view on improving credit http://link.reuters.com/fev87m
Reuters Biz: GE ends long slump with 16 percent profit growth http://link.reuters.com/qet87m
MarketWatch: U.S. consumer prices dip 0.1% in June for third straight monthly decline http://on.mktw.net/d6Wadu
MarketWatch: General Electric net climbs 16% as GE Capital profit recovers http://on.mktw.net/bpeESp
Yahoo! Finance: Citigroup Earnings, Revenues Lower http://bit.ly/coLEaf
Yahoo! Finance: General Electric Earnings Rise 14% as Capital Finance Unit Rebounds http://bit.ly/bzA35n
Douglas A. McIntyre
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