The Twitter-24/7 Wall St. Market Report: Wholesale Prices, Retail Sales, Job Claims

Investing

Published: May 12, 2011 9:09 am

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.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.

CNNMoney: Initial claims down, but still above critical 400,000 mark http://bit.ly/mnl2ky #joblessclaims #unemployment

USA Today: Crude oil falls below $96 as growth forecasts lowered http://usat.ly/jaLzyd

Yahoo! Finance: Retail sales up for 10th straight month in April http://yhoo.it/jLj8qP

Reuters: Jobless claims fall 44,000 in latest week http://reut.rs/j5jSY7

Reuters Biz: Retail sales rise 0.5 percent in April on food, gas http://reut.rs/iGEGwD

FT: Takeda in $12bn talks to buy Nycomed: The Japanese pharmaceuticals is in advanced talks to buy the Swiss drug… http://on.ft.com/jVQOHG

WSJ: Wholesale prices rise due to gas, food http://on.msnbc.com/kgKCzt

MSNBC: Fewer Americans apply for jobless benefits http://on.msnbc.com/jqMqih

MarketWatch: U.S. wholesale prices up 0.8% in April http://on.mktw.net/lIegrR

MarketWatch: U.S. retail sales rise for 10th consecutive month http://on.mktw.net/lObzVu

MarketWatch: U.S. first-time jobless claims fall by 44,000 to 434,000 http://on.mktw.net/kK4TKx

Douglas A. McIntyre

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