Twitter  has, by most estimates, 145 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.

MarketWatch: Portugal, Ireland, Spain CDS spreads hit records http://on.mktw.net/almhmU

MarketWatch: China’s October consumer price index jumps 4.4% from year earlier, above forecast http://on.mktw.net/a54oEl

CNN Money: Repossessions fall 9% thanks to foreclosure freeze http://bit.ly/ajORpe

CNN Money: Stocks to take a hit on Cisco outlook http://bit.ly/dD6znT

Reuters Biz: Irish borrowing costs hit high, EU says has tools to acthttp://dlvr.it/8Mvrq

Reuters Biz: BHP to face buyback pressure as Potash bid fadeshttp://dlvr.it/8MNJW

Reuters Biz: Wal-Mart to offer free shipping on website: report http://dlvr.it/8MF9v

Yahoo! Finance: US homes lost to foreclosure drops 9% in Oct. http://yhoo.it/9fTGKv

Yahoo! Finance: Oil jumps above $88 a barrel in Asia as drop in US stockpiles suggest fuel demand is improving http://yhoo.it/9kskpS

Douglas A. McIntyre