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 daily top trending symbols on stock twitter aggregator StockTwits include Apple, Inc (NASDAQ: AAPL), Goldman Sachs Group (NYSE: GS), American International Group (NYSE: AIG), and Yahoo!, Inc (NASDAQ: YHOO).
CNN Money Apple 2.0: Apple’s Chinese iPhone sales explode http://bit.ly/ascKht $AAPL
CNN Money: Chrysler posts 1st profit since bankruptcy http://bit.ly/aiIjTP
MarketWatch: Boeing posts lower quarterly revenue but higher earnings from operations http://on.mktw.net/9frUbb
NYT: Loses $4B since emerging from bankruptcy, but posts profit for Q1 2010. http://nyti.ms/8XW0jh
FT: Apple results boost bullish mood: More positive surprises from the US earnings season – this time forecast-crunchi… http://bit.ly/aJKoNC
FT: IMF calls for taxes on bank balance sheets: Fund suggests each country would want to raise between 2 per cent to 4… http://bit.ly/b48LQ0
Reuters Biz: Analysts raise targets on Apple post Q2 results http://link.reuters.com/daf78j
Reuters Biz: Paulson reassures on Goldman role http://link.reuters.com/nuf78j
Reuters Biz: Chrysler posts $4 billion of losses since bankruptcy http://link.reuters.com/muf78j
Douglas A. McIntyre