The Twitter-24/7 Wall St. Market Report 1.5.2011 Qualcomm M&A, ADP Jobs

Twitter  has, by most estimates, 175 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: Two Takes On The ADP Number http://bit.ly/gDMdus

FT: US company hirings in December beat forecasts: Businesses in the US added jobs at a faster rate than expected in… http://bit.ly/eFnDCO

Zerohedge: Food Riots Next? FAO Says Food Prices Surpass Record Highs Seen During 2007-2008 Bubble http://bit.ly/e3jINr

CNN Money: Private sector payrolls soar by 297,000 in December, payroll processor ADP says; largest increase in report’s history. $$

Yahoo! Finance: F.D.I.C. Seeks $2.5 Billion From Execs of Failed Bankshttp://yhoo.it/giXi6M

Reuters: Analysis: Book publishers may suffer in world without Bordershttp://reut.rs/h27vHd

Reuters: Analysis: Goldman’s Facebook fund tests SEC resolvehttp://reut.rs/flDGJP

MarketWatch: U.S. private payrolls expand by 297,000 in December: ADPhttp://on.mktw.net/ibssDT

MarketWatch: Qualcomm to pay $3.1 billion cash for connectivity firm Atheros Communications http://on.mktw.net/ev2qVt

Douglas A. McIntyre