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.
MarketWatch: Fed’s New York-region factory gauge weakens in September http://on.mktw.net/9qyqhV
CNN Money: California housing prices on the rebound http://bit.ly/dqBgmv
FT: Japan intervenes to weaken yen: Tokyo intervened in the currency markets for the first time in more than six years… http://bit.ly/aqC2vL
TheStreet: Empire State Manufacturing Index Falls http://dlvr.it/5Hsdf
DailyFinance: Americans Face $6.6 Trillion ‘Retirement Income Deficit’ http://bit.ly/de88uN
Douglas A. McIntyre