The Twitter-24/7 Wall St. Market Report (12/9/2010) Howard Stern Renews, Jobless Claims

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: This week’s beat of the 425k initial claims consensus by 4k will be revised next week to a miss of consensus.

Economist: Brazil GDP grows 6.7% YOY, beats expectations; UK increases bank levy; billionaires sign Buffett/Gates pledge http://ow.ly/3mscU

CNN Money: Howard Stern: 5 more years with Siriushttp://bit.ly/gjZyza

Reuters Biz: Jobless claims revive hopes of recovery http://dlvr.it/B2lkb

Reuters Biz: Mastercard set to buy part of Travelex: sourceshttp://dlvr.it/B2Q9C

MarketWatch: U.S. weekly jobless claims drop 17,000 to 421,000http://on.mktw.net/h3sHQs

MarketWatch: Dell in talks to buy Compellent for $27.50 a sharehttp://on.mktw.net/eSCTIJ

Yahoo! Finance: Howard Stern in five-year deal with Sirius http://yhoo.it/eO3YnH

Yahoo! Finance: American homes are worth $1.7 trillion less http://yhoo.it/dIfY0L

Yahoo! Finance: Unemployment claims top calendar: Jobless Claims and Wholesale Trade http://yhoo.it/fda09O via @optionMONSTER

Douglas A. McIntyre