The Twitter-24/7 Wall St. Market Report 11/16/2010 Little Inflation, Walmart Earns

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: Austria witholds funds to EU Greece bailout package, and says Greece hasn’t met commitments to EU on public finances

Zerohedge: Austria witholds funds to EU Greece bailout package, and says Greece hasn’t met commitments to EU on public finances

MarketWatch: U.S. producer prices rise in October, with energy fueling advance; PPI is negative at core http://on.mktw.net/dBq2Dy

FT: Walmart raises earnings guidance: The world’s largest retailer lifts its full-year earnings guidance, despite re… http://bit.ly/bmSuwH

MarketWatch: General Motors increases size of IPO, lifts price range to $32-$33 for common shares http://on.mktw.net/aaRkQU

MarketWatch: Wal-Mart Stores Inc. raises full-year earnings guidance as quarterly sales increase 2.6% http://on.mktw.net/c3hFU2

CNBC: Wal-Mart posts higher quarterly profit but sales fall short, boosts full-yearearnings forecast –http://www.cnbc.com/id/40199165

Reuters: Core producer prices fall 0.6 percent in Oct http://dlvr.it/8dNgj

Reuters: Wal-Mart profit up but same-store sales decline http://dlvr.it/8d9yl

Reuters: Home Depot profit beats estimates http://dlvr.it/8d23X

Douglas A. McIntyre