Twitter  has, by most estimates, 175 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.

 

The Economist: Detroit motor show diary: Toyota boss admits damage to co’s image, seeks inspiration in rice ballshttp://ow.ly/3Crd2 #naias #economist

Yahoo! Finance: Goldman to lose most from Volcker rule: JP Morgan http://yhoo.it/fZhcWa

Zerohedge: Changes to Goldman’s Conviction Buy List: Adds Carnival, Removes Starwood Hotels

The Atlantic: In case you missed it: The 10 Profitable Companies in 2011: http://su.pr/2VzbAr via @247WallSt

Reuters: EU’s Rehn seeks stronger fund, Portugal sells debthttp://dlvr.it/D9dGG

Reuters: German 2010 expansion fastest since reunificationhttp://dlvr.it/D8tJn

DailyFinance: Martha Stewart Joins the Green Movement http://aol.it/hsLujy

DailyFinance: China’s Record Foreign-Currency Reserves Heat Inflation Concerns http://aol.it/fiHrFZ

Douglas A. McIntyre

 

 

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