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

 

MarketWatch: U.S. retail sales rise 0.3% in January

CNN Money: Retail sales climb 0.3% in January on strength in grocery and gasoline purchases, the government says.

Zerohedge: China, Where GM Sold More Cars In 2010 Than In The US, Sees January Car Sales Plunge 10.3%

CNN Money: Chevron to fight multi-billion Ecuador ruling http://bit.ly/dWSnec

MSNBC Business: German takeover of the NYSE expected

CNBC: Home Depot to Hire More Than 60,000 Seasonal Associates Ahead of Spring Black Friday Rush

Yahoo! Finance: NYSE deal nears as Deutsche Boerse board meets

Yahoo! Finance: U.S. Deficit is biggest as share of economy since WWII; economists fear a domino effect later http://yhoo.it/gsowJp

Reuter Biz: Sirius XM’s reports quarterly loss http://dlvr.it/Gdph1

Douglas A. McIntyre

 

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