The Twitter-24/7 Wall St. Market Watch 4.23 Wisdom Of Crowds?

Print Email

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 are Amazon.com (NASDAQ: AMZN), NetFlix (NASDAQ: NFLX), Apple, Inc. (NASDAQ: AAPL), Microsoft Corp (NASDAQ: MSFT), Sand Ridge Energy, Inc. (NYSE:SD), Chipotle Mexican Grill (NYSE: CMG).

MarketWatch: U.S. durable-goods orders fall 1.3%; aircraft are weak spot http://on.mktw.net/c1BMJt

CNN Money: Goldman exec said to tip fund on Buffett deal http://bit.ly/cQjEGb

CNN Money: Greek debt fears ease after EU aid request http://bit.ly/dxjSnh

FT: Greek aid reports bolsters risk appetite: Talk that Greece was poised to ask for EU/IMF aid on Friday, helped the … http://bit.ly/bjifVk

Reuters Biz: Lenovo emerges as leading candidate for Palm -sources http://link.reuters.com/cuf29j

Reuters Biz: Greek PM announces activation of EU/IMF aid package http://link.reuters.com/qad29j

Douglas A. McIntyre