The Twitter-24/7 Wall St. Market Report 10/26/2010 Ford, Ford, Ford

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.

Reuters Biz: DuPont profit beats; other chemical makers mixed http://dlvr.it/7YzFN

Reuters Biz: Ford posts quarterly profit, pays down debt http://dlvr.it/7Yp5J

FT: Ford reports record $1.7bn third-quarter profit: US carmaker reports better than expected net profit of $1.7bn and… http://bit.ly/9Tn4dY

CNN Money: Ford posts third-quarter profit of $1.7 billion, topping analysts’ forecasts; says it will further pay down debt. $$

DailyFinance: Ford Reports Earnings of $1.7 Billion in Third Quarterhttp://aol.it/aAIjUi

Douglas A. McIntyre