The Twitter-24/7 Wall St. Market Report 12.13.2010

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

Reuters Biz: Airbus raises aircraft demand forecasts http://dlvr.it/BHVJX

Reuters Biz: BofA looks to sell toxic mortgages worth $1 billion: reporthttp://dlvr.it/BHQ10

Reuters: Sanofi extends $18.5 billion Genzyme offer to Jan 21http://dlvr.it/BGfMy

MarketWatch: Thermo Fisher Scientific Inc. to buy Dionex Corp. for $2.1 billionhttp://on.mktw.net/h18ibS

MarketWatch: Shares in the U.K.’s Wellstream advance 5% after GE bids for the energy-equipment firm http://on.mktw.net/hwxpdh

Yahoo! Finance: BofA Looks to Sell Toxic Mortgages Worth $1 Billion: Reporthttp://yhoo.it/hsdUAd

Yahoo! Finance: Dell to buy Compellent for $884 million as it looks to boost position in data storage industry http://yhoo.it/eShX5B

DailyFinance: Amazon European Sites Suffer Outage Due to ‘Hardware Failure’http://aol.it/gumfDg

Douglas A. McIntyre