The Twitter-24/7 Wall St. Market Report (5/3/2011) Pfizer Earnings, NYSE M&A

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: Police Raid Google’s Seoul Unit http://on.wsj.com/iK3HtV

Yahoo! Finance: Tokyo Electric may face $25 billion in liabilities: report http://yhoo.it/jNM2T4

MarketWatch: Dow component Pfizer forecasts modest growth in adjusted earnings for 2012 http://on.mktw.net/mTmMJ1

CNBC: Pfizer $PFE Q1 EPS $0.60, beats street by $0.01. $16.5B in revenues slightly below. http://bit.ly/kRz1j4

BBC: NYSE to face hostile takeover bid http://bbc.in/iGHmhH

CNN Money: Oil and gold quickly return back to their high norms http://bit.ly/kLIG1h #commodities

Douglas A. McIntyre