The Twitter-24/7 Wall St. Market Report (5/25/2011) Durable Goods, California Pizza Kitchen

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.

NYT: Golden Gate to Buy California Pizza Kitchen for $470 Million http://nyti.ms/kKgpSK

WSJ: S&P Warns of Profit Squeeze for China’s Banks http://on.wsj.com/m9YinJ

USA Today: Treasury could get $7.1B from first part of its AIG stock http://usat.ly/lo6DwS

Reuters: Durable goods orders slump in April on autos, aircraft http://reut.rs/mEcYwz

MSNBC: Durable orders post biggest slump in 6 months http://on.msnbc.com/kGDAgr

Zerohedge: Durable Goods Plummet: -3.6% On Expectations of -2.5%; Ex Transportation Miss Consensus Of +0.5% by 2% http://is.gd/YjKFvO

MarketWatch: U.S. durable-goods orders drop 3.6% in April http://on.mktw.net

MSNBC: French finance minister tosses hat in IMF ring http://on.msnbc.com/iqmg90

Douglas A. McIntyre