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.

CNBC: #Geithner on @CNBC: We’re Still Working Very Hard On Biggest Budget Agreement Possible

WSJ: Economists Nearly Unanimous on Need for Greek Restructuring

Reuters: Halliburton profit jumps on strong U.S. demand http://reut.rs/rhdiEe

CNNMoney: Gold breaks $1,600 an ounce Monday http://bit.ly/kCVcNy amid concerns on debt ceiling http://bit.ly/nPbjYK & Europe’s stress tests results.

Yahoo! Finance: Gold Rallies to Record in Best Run Since 1980 http://yhoo.it/pZHSla

ZeroHedge: Gold At $1,602, Silver Over $40, To Launch Another Risk Off Week http://is.gd/miDAVl

Reuters Biz: Costs eat into Hasbro’s second-quarter profit http://reut.rs/r3Sq03

MSNBC: Economists see slow growth for 2nd half of year http://on.msnbc.com/orhtZH

WSJ: Transformers Boosts Hasbro http://on.wsj.com/pViY0X

FT: Italian and Spanish bond yields jump: Borrowing costs for both countries hit euro-era highs as markets step u… http://on.ft.com/pfzKSz

Fortune: Goldman says recession risk rising: http://j.mp/ns9JG6

Douglas A. McIntyre

 

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