The Twitter-24/7 Wall St. Stock Market Report 6.17.2010 The Wisdom Of Crowds?

247wallst — Thu, 17 Jun 2010 12:28:16 +0000

Twitter has, by most estimates, 100 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 tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 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.

Among the most tweeted stocks on market aggregator Top Stock Tweets include EURUSD, GBPUSD, USDCHF, BP p.l.c. (NYSE: BP), Apple Inc. (NASDAQ: AAPL), Xoma Ltd (NASDAQ: XOMA), Google Inc. (NYSE: GOOG), Neurocrine Biosciences, Inc. (NASDAQ: NBIX), Cirrus Logic, Inc (NASDAQ: CRUS), and AOL, Inc. (NYSE: AOL)FT: EU edges towards disclosing bank ‘stress tests’: France joined calls for the release of ‘stress test results’ on t… http://bit.ly/blwcWR

WSJ: Inspector general says MMS is carrying out its investigation of Gulf oil spill in a “completely backwards” manner. http://wsj.com

Daily Finance: BP’s Tony Hayward Is Set to Be ‘Sliced and Diced’ http://bit.ly/9NZwCc

CNN Money: S&P president: credit ratings matter, shouldn’t be mandatory http://bit.ly/9qWgDq

Yahoo! Finance: $BP shares may well rally, and if they do, consider taking advantage of any move up http://yhoo.it/bSMz8F

MarketWatch: #UK financial system gets unwound http://bit.ly/9FUha1

NYT DealBook: BP Shares Rise After Deal on Cleanup Costs http://nyti.ms/czkfoP

Douglas A. McIntyre

Filed under: Research Tagged: AAPL, AOL, BP, EURUSD, GBPUSD, GOOG, NBIX, RUS, Twitter, XOMA

Pre-Market Stock News (June 6, 2007)

247wallst — Wed, 06 Jun 2007 07:13:13 +0000

(AAUK) Anglo American’s CEO will become a non-executive member of the board of directors at BP (BP).
(ACAD) Acadia Pharmaceuticals traded up over 10% after Jim Cramer touted the stock as a speculative play for trading the upcoming data on its schizophrenia and Parkinson’s treatment.
(ACOR) Acorda Therapeutics Starts Second Phase 3 Trial of Fampridine-SR in MS
(AMTD) TD AMERITRADE was notified that JANA and S.A.C. funds have secured an interest of roughly 8.6% stake to pressure the companies to enter a merger.
(AZN) AstraZeneca CFO leaves to join Goldman Sachs.
(CROX) Crocs is launching a fashionable line of high heel and flats for women to appeal to fashion conscious women.
(CSC) Computer Sciences Corp. may look to acquire iSoft Group plc in the UK.
(ETFC) E*Trade trading up 3% on AMERITRADE news.
(FCS) Fairchild Semiconductor reaffirmed Q2 growth targets.
(GSK) GlaxoSmithkline defends Avandia saying it does not increase heart risks.
(KFY) Korn Ferry $0.37 adjusted EPS versus $0.34 estimates.
(MAIR) MAIR Holdings -$0.06 EPS vs -$0.05e.
(PNRA) Panera trading down $7.00 on an earnings warning of $0.38-0.40 vs $0.47-0.51e.
(PLUG) Plug Power named new CFO.
(PRU) Prudential lays off 420 in a research phase out, will cease covering all equities immediately.
(RUS) Russ Berrie rejected an $18.00 buyout as an undervalued deal.
(SCHW) Charles Schwab traded up 1% after the AMERITRADE news.
(SIRI) Sirius Satellite Radio announced a $250 million term-loan from Morgan Stanley.
(STAR) Starent priced a 10.5 million share IPO at$12.00, above the $9.00 to $11.00 range.
(WFMI) Whole Foods is facing a deal blockage by the FTC over a ‘natural foods market disruption’ according to FTC.

Jon C. Ogg
June 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

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The Twitter-24/7 Wall St. Stock Market Report 6.17.2010 The Wisdom Of Crowds?

Pre-Market Stock News (June 6, 2007)