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

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