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.
Zerohedge: Gold surges on weak durable goods, new record over $1626
MarketWatch: U.S. durable-goods orders fall a surprising 2.1% in June on weak transportation sector http://on.mktw.net/pgCcAn
Zerohedge: Durable Goods big miss, come at -2.1% on exp. +0.3, Ex trans 0.1% exp +0.5%
Bloomberg: Boehner fights internal party strife on debt plan | http://bloom.bg/oYbUOP
MarketWatch: Boeing shares gain as blue chip hikes 2011 forecast on ‘strong’ second-quarter performance http://on.mktw.net/pKyoqO
MarketWatch: Boeing $BA beats & boosts view, shares up. http://bit.ly/eVhVnZ
Yahoo!: Boehner rewriting debt limit plan as clock ticks http://yhoo.it/p7ixWc
Reuters: Mortgage applications ease after recent jump: MBA http://reut.rs/mZmJbd
Zerhedge: June Durable Goods: Another Miss http://is.gd/j5mgtq
Douglas A. McIntyre