Investing
The Twitter-24/7 Wall St. Stock Market Report 7.27.2010 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 Baidu Inc (NASDAQ: BIDU), Netflix (NASDAQ: NFLX), VocalTech Communications (NASDAQ: CALL), IMAX (NASDAQ: IMAX), Veeco Instruments (NASDAQ: VECO), Ford Motor (NYSE: F), A123 Systems (NASDAQ: AONE), and Deckers Outdoors (NASDAQ: DECK).
Reuters Biz: DuPont shares surge after profit nearly triples http://link.reuters.com/kuj79m
Reuters Biz: Europe banks seen raising significant capital: survey http://link.reuters.com/pyf79m
Reuters: Toyota expects next Prius model to be built in U.S. http://link.reuters.com/beb79m
FT: BP plans $30bn assets sale: Oil major plans to sell assets worth $30bn to meet the costs of its massive oil spill … http://bit.ly
FT: Deutsche Bank confident on continued recovery: The German bank reports net income of €1.2bn for the second quarter… http://bit.ly/d9l44f
CNN Money: BP ousts CEO Hayward and taps an American http://bit.ly/arpu8V
MarketWatch: BP shares fall after it confirms CEO replacement; earnings propel banking-sector gains http://on.mktw.net/ac2jkx
DailyFinance: Oracle’s Larry Ellison Is Highest-Paid CEO of Decade http://bit.ly/biljcG
DailyFinance: DuPont Earnings Beat Estimates, Raises Guidance http://bit.ly/duqCy1
Yahoo! Finance: BP second quarter loss -> $16.97B; oil spill amounts to $32.2B http://yhoo.it/9oLdUM $$ $BP #earnings
Douglas A. McIntyre
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