The Twitter-24/7 Wall St. Market Report (1/19/2011)

Twitter  has, by most estimates, 175 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

FT: Goldman shares drop as profits fall 52%: Goldman Sachs said on Wednesday that its fourth quarter profits fell by…http://bit.ly/hGISGo

CNBC: Housing Starts Fall to Lowest Since Late 2009http://cnbc.com/id/41151851 $$ #Mortgages #Housing#RealEstate

Zerohedge: Goldman Reports Average Employee Comp Of $430,700 As FICC Revenue Collapses http://is.gd/5j92EE

CNNMoney: Building permits surge 16.7% in December to 635,000 annual rate, but housing starts decline 4.3%, government says. $$

MarketWatch: Building permits surge 16.7% in December to 635,000 annual rate, but housing starts decline 4.3%, government says. $$

MarketWatch: Goldman Sachs posts $2.4 bln quarterly profit on revenue of $8.6 bln http://on.mktw.net/fVFuVC

CNNMoney: Goldman Sachs posts lower fourth-quarter earnings of $2.39 billion, says it sees signs of growth and more economic activity. $$

Douglas A. McIntyre