The Twitter-24/7 Wall St. Market Report 11/16/2010 Little Inflation, Walmart Earns

By Douglas A. McIntyre Updated Apr 28, 7:32AM EDT · Published Nov 16, 8:55AM EST

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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

Zerohedge: Austria witholds funds to EU Greece bailout package, and says Greece hasn’t met commitments to EU on public finances

MarketWatch: U.S. producer prices rise in October, with energy fueling advance; PPI is negative at core http://on.mktw.net/dBq2Dy

FT: Walmart raises earnings guidance: The world’s largest retailer lifts its full-year earnings guidance, despite re… http://bit.ly/bmSuwH

MarketWatch: General Motors increases size of IPO, lifts price range to $32-$33 for common shares http://on.mktw.net/aaRkQU

MarketWatch: Wal-Mart Stores Inc. raises full-year earnings guidance as quarterly sales increase 2.6% http://on.mktw.net/c3hFU2

CNBC: Wal-Mart posts higher quarterly profit but sales fall short, boosts full-yearearnings forecast –http://www.cnbc.com/id/40199165

Reuters: Core producer prices fall 0.6 percent in Oct http://dlvr.it/8dNgj

Reuters: Wal-Mart profit up but same-store sales decline http://dlvr.it/8d9yl

Reuters: Home Depot profit beats estimates http://dlvr.it/8d23X

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.