The Twitter-24/7 Wall St. Market Report 4.28.2011

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.

MSNBC: Jobless claims post second rise in 3 weeks http://on.msnbc.com/lEYcwg

NYT: NYT NEWS ALERT: U.S. Economic Growth Slows to 1.8% Rate in First Quarter

MarketWatch: U.S. economy grows at 1.8% rate in first quarter, slightly higher than forecast http://on.mktw.net/lQZLko

CNN: Economy grows at 1.8% annual rate in first quarter, U.S. says. First-time unemployment claim filings surge 25,000 to 429,000.

Zerhedge: Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Plunges From 3.1% In Q4, Initial Claims Surge http://bit.ly/lElh2Y

Reuters: Exxon’s quarterly profit rises 69 percent http://reut.rs/izOwLd

MSNBC: Chrysler to repay bailout with bank loans, bonds http://on.msnbc.com/iZ3Bj8

MSNBC: Exxon earns nearly $11 billion in first quarter http://on.msnbc.com/kNnfTk

NYT: Panasonic to Cut 17,000 Jobs http://nyti.ms/jWKVT5

Douglas A. McIntyre