The Twitter-24/7 Wall St. Stock Market Report (4/4/2011) ADP And Kellogg

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: ConAgra Bids $4.9 Billion for Ralcorp http://nyti.ms/lo7Vg5

Yahoo! Finance: Private sector adds 179,000 jobs in April: ADP http://yhoo.it/inDWfd

Reuters Biz: Private sector adds 179,000 jobs in April: ADP http://reut.rs/mB3GRv

Reuters Biz: Kellogg profit falls on costs http://reut.rs/ijMZT3

WSJ: Breaking: U.S. private sector added 179,000 jobs in April, according to ADP. Stock futures edge lower. http://on.wsj.com/j52H0M

CNN Money: Private-sector employment rises by 179,000 in April, according to payroll processor ADP. http://CNNMoney.com

Zerohedge: US ADP Employment Change (Apr) M/M 179K vs. Exp. 195K (Prev. 201K)

Douglas A. McIntyre