The Twitter-24/7 Wall St. Market Watch (8/4/2010) Sirius XM And BP Top Kill

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: Job cuts rise for third straight month – Challenger http://bit.ly/9hbhtm

CNN Money: Time Warner profits top forecasts http://bit.ly/bRP3SX

MarketWatch: BP says it has achieved ‘static kill’ on Gulf of Mexico well http://on.mktw.net/czkDmG

MarketWatch: Toyota swings to first-quarter net profit of $2.23 billion, raises outlook http://on.mktw.net/9hjhXV

Reuters Biz: Sirius XM posts slim Q2 profit http://link.reuters.com/pun33n

Reuters Biz: Planned layoffs edge up in July: Challenger http://link.reuters.com/men33n

FT: BP says ‘static kill’ on Gulf well succeeded: US government scientists estimate 4.9m barrels of oil have gushed fr… http://bit.ly

WSJ: Barnes & Noble has put itself up for sale http://on.wsj.com/ddAhU7

Yahoo! Finance: ‘Static kill’: $BP starts forcing mud down blown-out well to choke Gulf gusher for good http://yhoo.it/dkWk0X $$

Yahoo! Finance: Barnes & Noble may put itself up for sale; possible buyers include founder Leonard Riggio http://yhoo.it/cpej3i $$ $BKS

Douglas A. McIntyre