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.

NYT: Retail Sales Fell for First Time in 10 Months http://nyti.ms/mELKDr

Zerohedge: May PPI Comes In At 0.2%, Eleventh Consecutive Increase; Retail Sales Slightly Better Than Expected http://is.gd/2VsdgU

MSNBC: Retail sales fall for 1st time in 10 months http://on.msnbc.com/lUK2wR

Reuters: Best Buy beats estimates on strong mobile sales http://reut.rs/lMTRLP

MSNBC: Growth in wholesale prices eased in May http://on.msnbc.com/iRJeww

CNNMoney: Retail sales decline 0.2% in May, marking the first decrease in sales this year, the government says. http://CNNMoney.com

MarketWatch: U.S. wholesale prices climb 0.2% in May http://on.mktw.net/lQJ1CB

Douglas A. McIntyre