The Twitter-24/7 Wall St. Stock Market Report 7.16.2010 The Wisdom Of Crowds

Investing

Published: July 16, 2010 8:39 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 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

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.