The Twitter-24/7 Wall St. Market Watch (8/4/2010) Sirius XM And BP Top Kill

By Douglas A. McIntyre Published Aug 4, 8:14AM EDT

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.

CNN Money: Job cuts rise for third straight month – Challenger http://bit.ly/9hbhtm

CNN Money: Time Warner profits top forecasts http://bit.ly/bRP3SX

MarketWatch: BP says it has achieved ‘static kill’ on Gulf of Mexico well http://on.mktw.net/czkDmG

MarketWatch: Toyota swings to first-quarter net profit of $2.23 billion, raises outlook http://on.mktw.net/9hjhXV

Reuters Biz: Sirius XM posts slim Q2 profit http://link.reuters.com/pun33n

Reuters Biz: Planned layoffs edge up in July: Challenger http://link.reuters.com/men33n

FT: BP says ‘static kill’ on Gulf well succeeded: US government scientists estimate 4.9m barrels of oil have gushed fr… http://bit.ly

WSJ: Barnes & Noble has put itself up for sale http://on.wsj.com/ddAhU7

Yahoo! Finance: ‘Static kill’: $BP starts forcing mud down blown-out well to choke Gulf gusher for good http://yhoo.it/dkWk0X $$

Yahoo! Finance: Barnes & Noble may put itself up for sale; possible buyers include founder Leonard Riggio http://yhoo.it/cpej3i $$ $BKS

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

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.