The Twitter-24/7 Wall St. Market Report 10/27/2010 Fed Ease, Nook, Durable Goods Bad

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.  looks 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 news items 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: Durable Goods Ex. Transportation Prints At -0.8%, Misses Target of 0.5%, Boeing Aircraft Orders Save The Dayhttp://bit.ly/ddUgdJ

MarketWatch: U.S. durable-goods orders rise 3.3% in Septemberhttp://on.mktw.net/dy1b00

FT: Deutsche Bank posts loss on Postbank plan: Germany’s flagship lender posts a third-quarter loss weighed down by an…http://bit.ly/bFd73K

FT: Retail appetite helps Goldman sell $1.3bn in 50-year bonds: Goldman Sachs sold $1.3bn in 50-year bonds, benefiting… http://bit.ly/d78jq0

CNN Money: Barnes & Noble unveils color Nook with touchscreenhttp://bit.ly/doWWue

Reuters Biz: Sprint posts wider loss, subscriber losses narrow http://dlvr.it/7cZBY

Reuters Biz: P&G posts higher-than-expected quarterly profit http://dlvr.it/7cWnj

Reuters Biz: Fed looks set for new round of monetary easing http://dlvr.it/7blwH

Douglas A. McIntyre