Investing
The Twitter-24/7 Wall St. Market Report (3/4/2011) Citi Downgraded, Wal-Mart Dividend
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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
WSJ: A survey of risk managers names China as the number one “emerging risk” that keeps them awake at nighthttp://on.wsj.com/dESR9d
Yahoo! Finance: Apple’s Jobs wants iPhone for China Mobile http://yhoo.it/f3Oetc
Yahoo! Finance: White House agrees to $6.5B more in budget cutshttp://yhoo.it/gb1VNR
FT: Strong vigilance at ECB: The European Central Bank has virtually promised it will raise rates in April. Lex’s… http://on.ft.com/hMATKm
Reuters Biz: Wal-Mart hikes dividend 20.6 percent http://dlvr.it/JFBcS
CNNMoney: Oil tests $103 a barrel http://bit.ly/fshujs
MarketWatch: Goldman Sachs and Citigroup downgraded to neutral by B. of A.http://on.mktw.net/gmUEDu
Douglas A. McIntyre
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