The Twitter-24/7 Wall St. Stock Market Report 7.19.2010 The Wisdom Of Crowds

Investing

Published: July 19, 2010 8:34 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 MACRO, USD, Nvidia(NASDAQ: NVDA), Zion Bancorporation (NASDAQ: ZION), Las Vegas Sands (NASDAQ: LVS)FT: BP shares fall amid fresh spill fears: BP’s shares have fallen as much as 5 per cent amid fears that some of the c… http://bit.ly/9z2vIc

CNN Money: Boeing wins $9.1 billion order from Emirates http://bit.ly/bjJIz0

Yahoo! Finance: Healthscope recommends $1.72 billion takeover offer from Carlyle and TPG Capital http://yhoo.it/9bduZP

DailyFinance: Google to Stop Selling Nexus One Smartphone http://bit.ly/aze6Zz

DailyFinance: China Now World’s Top Energy Consumer, Displacing U.S. http://bit.ly/cr0RSZ

Daily Finance: Moody’s Downgrades Ireland’s Credit Rating http://bit.ly/cx68U0

Douglas A. McIntyre

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