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.

Zero Hedge: Goldman Announces 2 Trading Loss Days In Q3, Settles Research Lawsuit http://bit.ly/aTpoxS

CNN Money: Chevron in $4.3 billion deal for shale firm http://bit.ly/aSJias

CNN Money: Energy’s future: China and oil http://bit.ly/aY9gC2

Reuters: Chevron buys Atlas Energy for $4.3 billion http://dlvr.it/8GFX0

Reuters: Gold rushes to record high, fanned by inflation concernshttp://dlvr.it/8FrMk

MarketWatch: Chevron to buy Atlas Energy for $4.3 billion in cash and stock, paying a 37% premiumhttp://on.mktw.net/9q2tst

MarketWatch: Gold futures extend push into record territory to trade atop $1,422 an ounce http://on.mktw.net/dgqdwn

Douglas A. McIntyre

 

 

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