The Twitter-24/7 Wall St. Market Report (11/18/2010) Sears, Jobs, And Ireland Take Beating

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.

CNN Money: More Americans filing for unemployment http://bit.ly/bYlyD3

Zerohedge: Jobless Claims Print At 439K, Up 2K, In Line With Expectations; Prior Revised Traditionally Higher http://bit.ly/dAOQoM

CNBC: less Claims Rose Less than Expected, Up 2,000 to 439,000 – More on CNBC.com

MarketWatch: U.S. weekly initial jobless-benefits claims rise by 2,000 to 439,000 http://on.mktw.net/dtCS3K

FT: eland likely to seek loan from EU-IMF: Ireland is likely to end up taking a loan from the European Union and I… http://bit.ly/dhJdc9

Reuters Biz: bless claims rise 2,000 last week http://dlvr.it/8lgjw

Yahoo! Finance: GM launching IPO, ending government majority stake http://yhoo.it/c2Kfdc

Yahoo! Finance: Sears Holdings reports wider 3rd-quarter loss; weakness at Sears offsets stronger Kmart http://yhoo.it/ahwphe

DailyFinance: Sears Earnings: Loss Widens as Sales Decline http://aol.it/9YMWDR

Douglas A. McIntyre