The Twitter-24/7 Wall St. Stock Market Report 5.4 The Wisdom Of Crowds?
This is the Twitter-24/7 Wall St. market report for May 4, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
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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: BP plc (NYSE: BP), Pozen, Inc. (NASDAQ: POZN), General Growth Properties ((NYSE: GGP), Transocean, Inc (NYSE: RIG), Dendreon (NASDAQ: DNDN), Cliffs National Resource (NYSE: CLF), Anadarko Petroleum Corporations (NYSE: AFC), Ambac Financial Group (NYSE: ABK), and, InterMune, Inc. (NASDAQ: ITMN).
FT: China slowdown fears add to debt worries: Global Markets Overview: Shares fall and industrial commodities weaken a… http://bit.ly/a7gZxQ
FT: UBS results show signs of recovery: Swiss bank beats last month’s profits forecast with first-quarter net earnings… http://bit.ly/dibIGI
FT: Greek civil servants stage strike: Greek public sector workers have begun a 48-hour strike to protest against what… http://bit.ly/d3knGe
CNN Money: MasterCard profit up 24 percent http://link.reuters.com/pyw52k
CNN Money: Pfizer and Merck post profit, revenue above targets http://link.reuters.com/nax52k
MarketWatch: Pfizer holds 2010 outlook as quarterly net falls 26% http://on.mktw.net/ckW44p
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.