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: Goldman: QE2 Will Continue Into 2012, Will Be Over $2 Trillion, Models Do Not See Rate Hike Until 2015 http://bit.ly/bg3fsY
CNBC: Jobless Claims Back Up; Productivity Up, Costs Downhttp://cnbc.com/id/40004480 $$ #Economy #EconomicData#Employment #Consumers #Economy
MarketWatch: MarketWatch First-time U.S. jobless claims rise 20,000 last week, higher than forecast http://on.mktw.net/a127gi
CNN Money; Initial jobless claims surge by 20,000 to 457,000 in the latest week, the Labor Department says. $$
Reuters Biz: Early October retail sales top expectations http://dlvr.it/81Hvp
DailyFinance: Berkshire Hathaway’s NetJets Buys Marquis Jet http://aol.it/chh4Zt
DailyFinance: Starbucks to Renovate Fewer Stores in 2011 http://aol.it/aKLvbd
Douglas A. McIntyre
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