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