The Twitter-24/7 Wall St. Stock Market Watch 3.29
Twitter has, by most estimates, 75 million visitors a month, 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.
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 tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 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.
Among the daily top trending symbols on stock twitter aggregator StockTwits are ARCA biopharma (ABIO), Palm (PALM), First Solar (FSLR), MGIC (MTG), PolyOne (POL), China Agritech (CAGC), A-Power Energy (APWR), and CostCo. (COST)
Reuters Biz: Antisoma, Novartis lung cancer drug fails in study http://link.reuters.com/cam65j
Reuters Biz: Best Buy eyes May UK launch; Carphone demerger http://link.reuters.com/wuk65j
FT: Geely seals deal to buy Volvo from Ford: Ford Motor signed a $1.8bn deal to sell its Volvo brand to Geely on Sunda… http://bit.ly/9HWACG
CNN Money: How a big bet on oil went bust http://bit.ly/boikYC
Rio Tinto’s Stern Hu reportedly sentenced to 10 years in prison by Chinese court http://on.mktw.net/bKSqxc
Douglas A. McIntyre