Twitter has, by most estimates, 75 million visitors a month, 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.
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 daily top trending symbols on stock twitter aggregator StockTwits are Ambac Financial Group (NYSE: ABK), Intel Corporation (NASDAQ: INTC), Google Inc. (NASDAQ: GOOG), Alcoa, Inc. (NYSE: AA), Research in Motion Ltd. (NASDAQ: RIMM), and Popular, Inc. (NASDAQ: BPOP)
CNN Money: JPMorgan Chase reports $3.3 billion profit http://bit.ly/bTAQYe
CNN Money: Morgan Stanley said to take huge real estate hit http://bit.ly/afioY2
FT: Thomson Reuters in web drive: The financial and professional information group will unveil the biggest overhaul of… http://bit.ly/bx3DtH
Reuters Biz: BofA names outsider Charles Noski as CFO http://link.reuters.com/rud77j
FT: Abercrombie & Fitch is paying its CEO $4 million to use the company’s jet less http://on.wsj.com/cjiAsn
MarketWatch: U.S. consumer prices up 0.1% in March; retail sales rise 1.6% http://on.mktw.net/ackfj4
Douglas A. McIntyre
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