The Twitter-24/7 Wall St. Stock Market Report 6.18.2010 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 include GBPUSD, EURUSD, EURJPY, BP plc (NYSE: BP), Citigroup Inc (NYSE: C), CVS Corporation (NYSEL: CVS), Motorola, Inc (NYSE: MOT), and Sanofi-Aventis (NYSE SNY)FT: Obama urges G20 to boost demand: US president Barack Obama urged G20 countries to accelerate financial reform and … http://bit.ly/9xYSkr

CNN Money: Obama to G-20: Keep the recovery going http://bit.ly/aESMyn

The Economist: EU bank stress tests to be published; Obama urges G20 action on bank reform and deficits; BP boss “stonewalls” http://ow.ly/20cVC

FT: Stress test decision reassures investors: The decision by European authorities to make publicly available the resu… http://bit.ly/bVhYzM

Daily Finance: Could BP Lose Its U.S. Assets? http://bit.ly/bWk82H

Yahoo! Finance: World Bank report says China’s economy shows signs of softening, though still strong http://yhoo.it/aW9p1D

CNN Money: Apple 2.0: Forrester: iPad sales will plummet http://bit.ly/99hhfu $AAPL

Douglas A. McIntyre