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
Economist: Headlines: China tightens bank reserves again; IEA raises estimates for 2011 oil demand; VW sales to top 7m this year http://ow.ly/3n4Jj
MarketWatch: Tenet Healthcare shares soar more than 50% after Community Health offer http://on.mktw.net/hcCotP
Reuters Biz: China’s Sinopec buys Occidental’s Argentina assetshttp://dlvr.it/B64jY
Reuters Biz: Strong China trade points to higher interest rateshttp://dlvr.it/B5DVJ
Reuters Biz: China raises banks’ reserve ratios again http://dlvr.it/B5t51
CNN Money: China’s trade surplus falls to $22.9 billion http://bit.ly/hloSpq
MarketWatch: China’s central bank raises reserve requirements for banks by 50 basis points http://on.mktw.net/esRbr5
DailyFinance: The Most Expensive Gift at 12 American Retailershttp://aol.it/dM9FII
Douglas A. McIntyre
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