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
BBC Business: UK economy suffers 0.5% contractionhttp://bbc.in/g2poEP
Zerohedge: Underfunded Illinois Pension Fund Under Investigation By The SEC For Accounting Fraud http://is.gd/IIq0hR
Reuters: J&J sales disappoint, recalls hit consumer brandshttp://dlvr.it/F3Mlk
WSJ: Verizon Profit Rises, Wireless Growth Slowshttp://on.wsj.com/g4WTee
MarketWatch: Johnson & Johnson posts slim quarterly profit growth; lower sales mark ‘challenging’ yearhttp://on.mktw.net/gykY0n
Yahoo! Finance: Verizon profit, revenue miss Street viewhttp://yhoo.it/fYDv8R #earnings
WSJ: Blackrock Profit More Than Doubleshttp://on.wsj.com/dFfTmE
MarketWatch: 3M sees adjusted 2011 profit rising by 10% to 14%, forecasts double-digit sales growthhttp://on.mktw.net/hke7Ca
Reuters Biz: Blackrock sees 77 percent 4th qtr profit gainhttp://dlvr.it/F358H
Reuters Biz: Verizon Wireless subscribers beat estimateshttp://dlvr.it/F34MV
Douglas A. McIntyre
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