The Twitter-24/7 Wall St. Market Report 1/26/2011 Boeing, Abbott, US Air, Kodak, United Tech Earnings

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

NYT: Icahn Extends Offer Period For Dynegyhttp://nyti.ms/hdOh6i

Reuters: US Airways posts quarterly profit http://dlvr.it/F7FNr

Reuters: Abbott beats forecasts as drug sales shinehttp://dlvr.it/F7Cg5

Calculated Risk: MBA: Mortgage Purchase Applications lowest since last October http://goo.gl/fb/6pQFa

Reuters: Boeing sees profit drop on fewer plane deliverieshttp://dlvr.it/F76rN

BBC: Job cuts and fine hit Barclays http://bbc.in/gLkEye

Zerohedge: Abbott Laboratories (ABT) to cut 1900 jobs, (2.6% of co.’s total workforce)

Bloomberg: #Barclays to Cut 1,000 Jobs as It Stops Giving In-Branch Investment Advice – http://ow.ly/3KtcN

Zerohedge: Mortgage Applications Tumble Double Digits, Refinance Index Hits Lowest Since January 2010http://is.gd/zEq6T1

MarketWatch: Boeing pegs 2011 earnings coming in lower than 2010 profit, sees ‘solid core performance’http://on.mktw.net/dYDiz7

Reuters: Kodak revenue falls in fourth quarterhttp://dlvr.it/F71RM

MarketWatch: United Technologies affirms 2011 outlook calling for profit growth of 7% to 13% http://on.mktw.net/dFBk3B

Douglas A. McIntyre