The Twitter-24/7 Wall St. Market Watch (8/3/2010): Amazon Trouble, P&G And Pfizer Earn

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.

CNN Money: Personal income and spending unchanged in June; government says, weaker than economists’ forecasts. $$

MarketWatch: U.S. personal incomes unchanged in June; consumer spending edges upward http://on.mktw.net/bSQduu

Reuters Biz: Geithner: unemployment could rise http://link.reuters.com/hut92n

Reuters Biz: Pfizer posts higher-than-expected profit and sales http://link.reuters.com/dut92n

Reuters Biz: P&G posts lower-than-expected profit http://link.reuters.com/gut92n

WSJ: Have Amazon and Apple’s agreements with book publishers led to anticompetitive e-book prices? Inquiry: http://on.wsj.com/cmRUoF

FT: US challenges motives for BlackBerry plan: Washington says the decision of the United Arab Emirates to suspend the… http://bit.ly/cznxEe

FT: E-book pricing under scrutiny: Attorney-general’s office in the US state of Connecticut cites competition concerns… http://bit.ly/9F7qZ3

Yahoo! Finance: Up 10 Percent in 15 Days – Is The Bear Market Over? http://yhoo.it/cboWax $$ #yfinance #stocks

Douglas A. McIntyre