The Twitter-24/7 Wall St. Market Report (11/2/2010) Cost Of Air Terror, BP Profit

Twitter  has, by most estimates, 145 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 tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 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.

CNN Money: BP returns to profitability http://bit.ly/aM6RJn

FT: AIG tots up $37bn from Alico sale and AIA float: AIG, the insurance group bailed out by the US government in 2008,… http://bit.ly/apSKWj

FT: Ambac warns over prospect of bankruptcy: The bond insurer that once provided triple A guarantees on hundreds of bi…http://bit.ly/aZrzdg

Yahoo ! Finance: UPS says 2011 rates 4.9% as base-rate hikes are partly offset by lower fuel surcharges http://yhoo.it/bxiDX7

MarketWatch: Pfizer raises 2010 forecast for adjusted profit, affirms 2012 financial targets http://on.mktw.net/9wF7uB

MarketWatch: Euro-zone manufacturing production accelerates in Octoberhttp://on.mktw.net/dhnFt7

DailyFinance: IATA Calls For Shared Responsibility on New Security Measureshttp://aol.it/9DRoid

Douglas A. McIntyre