Twitter  has, by most estimates, 225 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.

Reuters: Leonard Green, CVC to submit bid for BJ’s Wholesale http://reut.rs/iOVTmf

Yahoo! Finance: Capital One to buy ING’s U.S. online bank for $9 billion http://yhoo.it/iAKRkE

Zerohedge: Goldman lowers RIMM PT to $34, keeps Sell rating

CNNMoney: Greece names Evangelos Venizelos as the new finance minister. He replaces Giorgos Papakonstantinou. http://bit.ly/l9YMGT via #CNN.

Reuters: SEC could file civil fraud charges against some raters http://reut.rs/lmO8OQ

Reuters: No respite from high farm prices this decade: report http://reut.rs/lPW0iF

Douglas A. McIntyre

 

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