Everybody wants to gain an edge on the markets, and social media has become a key ingredient in the mix. Major names like Facebook and Snapchat have evolved to become sources of information and breaking news. But Twitter (TWTR) stands out among social media sites as a valuable source of breaking news, alerts, and tips that can inform trading decisions.
- Social media has changed the way news is reported and consumed.
- The most respected financial journals have Twitter feeds that follow the news, and often break it.
- You can use major financial Twitter accounts to get up-to-date information as well as analyst commentary, trader chat, and more.
- Consider using a social media dashboard app to streamline posts.
- Some of the major business Twitter feeds include @CNBC, @Bespoke, and @WSJDealJournal.
The Best Twitter Feeds for Investors
There's no doubt that social media has changed the media landscape, from the way we gather and distribute information to the way we consume news. According to a Pew Research Center study, 55% of Americans who use Twitter get their news from the site. Another study suggests that as many as 80% of institutional investors monitor social media during their workday—30% of whom use the information they gather from these sources to influence their decisions.
And it isn't unusual for stories to pop up before or alongside a media's own in-depth reporting of the news, including these:
- Consider the death of Kobe Bryant in 2020, which was first reported by TMZ. The outlet sent a tweet about the athlete's death in a helicopter crash before filing a report on its website.
- Former President Donald Trump tweeted that he fired Secretary of State Rex Tillerson on March 13, 2018.The announcement caused uncertainty in the oil market, leading to speculation that increased risk could disrupt supplies.
- The 2012 Costa Concordia cruise ship disaster also broke on Twitter feeds in the U.K. before it was widely reported elsewhere.
- The news that Greece had an economic reform deal with the European Union (EU) was reported by a reputable news outlet on its Twitter feed before the news hit the wires. Business Insider used a chart of the euro's price to show how some savvy traders grabbed the chance to make money before most others got the news.
It's not easy to find that one useful tweet among millions of constantly updating feeds. Some money managers use TweetDeck or another social media dashboard app to filter their results. If you're an individual investor who's looking for the latest in financial news, be sure to check out and follow these 10 Twitter feeds.
Social media is a great way to get information but should only be used as a guide.
The financial news network provides real-time business information to 355 million households worldwide per month. Its 14-hour live coverage is geared toward individual investors as well as trading professionals. The outlet's Twitter account has more than 4.3 million followers.
Benzinga provides real-time coverage of financial news, analyst upgrades and downgrades, and technical events like price breakouts or unusual volume. The site was launched in 2010 and boasts more than 25 million readers every month. It has more than 200,000 Twitter followers.
The active trading community monitors Stocktwits' feed, which has almost 930,000 followers. Stocktwits is a real-time service that allows investors from all over the world to post what they are seeing and how they are trading at any given moment. The Twitter feed has highlights from those conversations.
The @BreakoutStocks Twitter feed, produced by TopBreakoutStocks.com, tracks stocks that demonstrate unusual price or volume changes, or both. The account has about 84,000 followers.
Bespoke Investment Group is a respected Wall Street research firm with about 130,000 Twitter followers. You can check its website for its easy-to-read reports and follow it on Twitter for alerts to new stories.
Don't take the information you obtain from social media as sound advice. Always consult a trained financial professional who can guide you in the right direction before you make any decision about your investments.
Nobody needs an introduction to The Wall Street Journal. But you may not know that among its many Twitter feeds is @WSJMarkets, which provides real-time finance, economic, and market news as it happens. The account has more than 715,000 followers.
If you're a fan of Jim Cramer (@jimcramer) you'll also appreciate the contributions of Stephanie Link, former director of research for his charitable trust, Action Alerts Plus. She's a frequent contributor to CNBC and a prolific tweeter. She's also the chief investment strategist and portfolio manager at Hightower Advisors and boasts almost 100,000 followers.
The New York Times business feed provides up-to-the-minute market news and other notable events. Financial news reporting is a fiercely competitive business, so having several of the best feeds is a good plan. Following this business feed means you'll join the other 825,000 people looking for the latest business news.
Investors Business Daily is a well-known daily publication intended for individual investors. Its Twitter feed focuses on the latest new trade-worthy ideas and has more than 262,000 followers.
This is another feed from The Wall Street Journal. If you're interested in mergers and acquisitions, this is the one for you. It includes news and commentary on private equity activities and initial public offerings as well. There are about 8,200 followers on the Twitter feed.