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The Twitter-24/7 Wall St. Market Report (3/7/2011) McDonald's Same Store Sales & Subway Battle
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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.
Zerohedge: Deutsche Telekom and Sprint said to discuss T-Mobile US merger
MSNBC: Boeing wins $10 billion deal from China http://on.msnbc.com/f8Bh2g
Reuters: McDonald’s February sales rise in all regions http://dlvr.it/JcP1H
Yahoo! Finance: Subway Passes McDonald’s http://yhoo.it/fqsy3Z
MarketWatch: McDonald’s global same-store sales rise 3.9% in Februaryhttp://on.mktw.net/gGZu7q
Reuters Biz: OPEC mulls boosting output, Iran sees no need http://dlvr.it/JbwQ8
Douglas A. McIntyre
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