The Twitter-24/7 Wall St. Market Report (8/17/2010) Walmart Improves, Potach Rejects

By Douglas A. McIntyre Updated Aug 17, 11:04AM EDT · Published Aug 17, 8:27AM EDT

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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.

The Economist: Potash rejects $39bn BHP bid; Barclays settles sanctions-bust charges; BP raises $5bn; (GM IPO expected later) http://ow.ly/2qEnb

Reuters Biz: Potash Corp rejects BHP Billiton’s $130/share offer http://link.reuters.com/cyc55n

Reuters Biz: Wal-Mart profit up but U.S. sales weak http://link.reuters.com/jed55n

WSJ: # of smokers in China: 301 million. Total U.S. population: 310 million http://on.wsj.com/atnPtw

MarketWatch: Potash Corp. shares soar as fertilizer giant spurns BHP Billiton’s $37 billion buyout bid http://on.mktw.net/dx93Pe

MarketWatch: Wal-Mart’s quarterly profit tops estimate; retailer lifts full-year forecast http://on.mktw.net/demdap

FT: Potash rejects $38bn move from BHP: World’s largest fertiliser producer rejects $38bn takeover approach from BHP B… http://bit.ly/9KPout

DailyFinance: Wal-Mart Earnings in Line with Estimates, Raises Outlook for the Year http://bit.ly/cTCtrj

DailyFinance: Potash Rejects BHP Billiton Offer as ‘Grossly Inadequate’ http://bit.ly/99BmMH

Douglas A. McIntyre

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.