Twitter has, by most estimates, 145 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 tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 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: Last week’s Initial Claims number which was expected at 445K and came at 462K then, has been revised to 475K
MarketWatch: U.S. weekly jobless-benefits claims fall by 23,000 http://on.mktw.net/bsTjkg
MarketWatch: McDonald’s sales, earnings gains and hiked dividend set to extend stock’s all-time high http://on.mktw.net/diUZAy
MarketWatch: AT&T posts modest growth in revenue, adjusted profit; ‘terrific’ mobile quarter cited http://on.mktw.net/dzIjcc
Reuters Biz: Jobless claims fall 23,000 last weekhttp://dlvr.it/7Ky3t
Reuters Biz: McDonald’s sales and profit top expectations http://dlvr.it/7Ky3s
WSJ: China’s GDP rose 9.6% in Q3, compared with 10.3% in Q2, as the government withdrew stimulus http://on.wsj.com/c0UMp3
Douglas A. McIntyre
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.