The Twitter-24/7 Wall St. Market Report (11/3/2010) Jobs Numbers, Freddie Mac

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.

CNBC: Freddie Mac Posts $4.8 Billion Loss in Quarter $FMCC $FNM $FRE #Mortgages #Earnings#StockMarket #CorporateNews

MarketWatch: U.S. private-sector employment up in October: ADP

NASDAQ: Pre-Market Most Active: $ARMH, $VOD, $AAPL, $SHPGY, $CASY, #nasdaq

CNN Money: Private sector jobs grow by 43,000 in October, rebounding from a modest decline in the prior month, payroll processor ADP says. $$

CNN Money: Planned job cuts edge higher in October

FT: Obama 2012 election prospects dim: It was a disastrous night for the Democratic Party across America – the worst s…

Reuters Biz: Private sector adds 43,000 jobs in October: report

Reuters Biz: Freddie Mac says net loss $4.1 billion

Douglas A. McIntyre

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