The Twitter-24/7 Wall St. Stock Market Report 6.9.2010 The Wisdom Of Crowds?

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 are EURUSD , Apple Inc. (NASDAQ: AAPL), GBPUSD, BP plc (NYSE: BP), Google Inc. (NASDAQ: GOOG), AUDUSD, Microsoft Corporation (NASDAQ: MSFT), Bank of America Corporation (NYSE: BAC), Eclipsys Corporation (NASDAQ: ECLP), and Allscripts-Misys Healthcare Solutions, Inc. (NASDAQ: MDRX).Reuters Biz: Amid gloom, some bulls roam Wall Street http://link.reuters.com/xus98k

FT: Hopes for Chinese exports boost confidence: Global Market Overview: Reports that Beijing’s exports saw a 50% jump … http://bit.ly/creNY2

FT: JPMorgan forms China IPO joint venture: The US bank unveils a new securities joint venture in the latest move by a… http://bit.ly/cO0kgn

Yahoo ! Finance: Allscripts-Misys buying Eclipsys in $1.3B deal combining healthcare information tech companies http://yhoo.it/alWGKP $MDRX $ECLP

Daily Finance: Banco Santander Buys Back Stake in Mexico Subsidiary From BofA http://bit.ly/aFcYzf

Reuters Biz: Germany, France urge EU to eye short selling ban http://link.reuters.com/dat98k

Douglas A. McIntyre