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.

FT: BP tries to spread blame for Gulf spill: Oil group faults its own engineers but says mistakes were also made by it… http://bit.ly/cGW8EG

FT: Obama to unveil new stimulus plans: President Barack Obama will take Republicans to task over their economic value… http://bit.ly/do0EpV

CNN Money: BP rises over 3% on Fitch upgrade http://bit.ly/bXkBwX

MarketWatch: Dollar rebounds vs. yen on heels of Tuesday’s 15-year low http://on.mktw.net/bA8Qve

Yahoo! Finance: Hurd’s Presidential package from Oracle http://yhoo.it/bNkf9r $$ $ORCL

DailyFinance: Yen Gains to 15-Year High Against U.S. Dollar http://bit.ly/aylKxu

DailyFinance: Sinochem Approaches Temasek Regarding Possible Potash Bid http://bit.ly/dg3amw

Douglas A. McIntyre

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