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.

Zerohedge:  Initial Jobless Claims Decline, Continuing Rise, After Prior Upward Revision 23 Of 24 http://bit.ly/b06D3l

CNN Money: Number of people filing for 1st-time jobless benefits dips 11,000 in latest week to 445,000, government says. Lowest since early July $$

CNN Money: Google’s next giant revenue stream http://bit.ly/cxATKl

CNN Money: Ford pulls ahead of its rivals http://bit.ly/dp9Y1f

Reuters Biz: Oil companies plan new U.S. oil spill fund http://dlvr.it/6gmVQ

FT: BP reveals ‘giant’ oil discovery: The Tiber field, in deep water about 250 miles south-east of Houston, is likel.. http://bit.ly/PKvcE

MarketWatch: U.S. weekly jobless-benefits claims fall by 11,000 http://on.mktw.net/9e2l2a

MarketWatch: Gold futures sail past $1,360 an ounce ahead of European monetary-policy decisions http://on.mktw.net/d0oW32

Douglas A. McIntyre

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