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The Twitter-24/7 Wall St. Market Report (7/11/2011) Oil Below $95, Whole Foods Upgrade

This is the Twitter-24/7 Wall St. market report for July 11, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?

By Douglas A. McIntyre
Published July 11, 2011, 9:00am ET · 2 min read

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Twitter  has, by most estimates, 225 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.

Yahoo! Finance: Oil falls below $95 after weak US jobs report http://yhoo.it/pJEJkQ

CNNMoney: Debt ceiling talks still aren’t going well with 3 weeks left. Will the rating agencies notice? http://bit.ly/n1yO2p

NYT: DealBook: Nestle to Buy Control of China’s Biggest Confectioner http://nyti.ms/qoBEgO

Zerohedge: Goldman puts Whole Foods on conviction buy list (previously Neutral)

NYT: BSkyB Bid Embroiled in Politics http://nyti.ms/qYwn8D

Yahoo! Finance: BSkyB shares slide over doubts on News Corp. bid http://yhoo.it/nEPyvZ

NYT: Peabody and Arcelor Seek Control of Macarthur Coal http://nyti.ms/n3Dhqx

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

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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.

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