The Twitter-24/7 Wall St Market Report (7/21/2011) Jobless Claims, Morgan Stanley Earnings

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.

CNNMoney: France and Germany said to have a deal to help Greece as EU meets in Brussels http://bit.ly/pl5HzP #Greece #debt #summit
MSNBC: Layoffs rising amid a raft of worries http://on.msnbc.com/q6V5Ea

CNNMoney: Number of people filing for initial unemployment benefits climbs by 10,000 to 418,000 in latest week, government says. http://CNNMoney.com

Zerohedge: US Initial Jobless Claims (Jul 16) W/W 418K vs. Exp. 410K (Prev. 405K, Rev. to 408K)

MarketWatch: U.S. first-time jobless claims rise by 10,000 to 418,000 http://on.mktw.net/q4IgOu

WSJ: Morgan Stanley Swings to Loss http://on.wsj.com/rtUl3Y

NYT: DealBook: Morgan Stanley Posts Loss of $558 Million http://nyti.ms/nHmPIj

FT: Express Scripts to buy rival for $29bn http://on.ft.com/oLu9CH

Douglas A. McIntyre   Let us know what you think of this story  [email protected]