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.
NYT: DealBook: Bank of America to Spin Off Buyout Arm http://nyti.ms/f7v7S7
MSNBC: Fear-fueled rally drives gold above $1,500/oz http://on.msnbc.com/ewcNtd
Reuters: AT&T subscriber growth weakens, but beats Street http://dlvr.it/P6zd7
WSJ: Wireless Growth Lifts AT&T Profit http://on.wsj.com/gcEi6D
NYT: DealBook: In Rival Bids for NYSE, Weighing the Lesser of 2 Evils http://nyti.ms/dGB4d7
Reuters: AT&T subscriber growth weak without iPhone exclusive http://dlvr.it/P6pyk
CNBC: Wells Fargo $WFC Q1 EPS $0.67 vs $0.66 est, $20.3b in revenues, Q1 provision for credit losses $2.2B http://bit.ly/h3vGin
AT&T: Apple to ship new iPhone in September: sources http://yhoo.it/eOAcbV
Zerohedge: Gold Breaches Nominal High Of $1,500/oz; Inflation Adjusted High Of $2,400/oz Remains Long Term Target http://is.gd/X96Ej5
Douglas A. McIntyre
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