There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful, or just down right comical.
1. The Detroit Free Press
The Detroit Free Press (@freep) tweeted its recap of Chrysler's earnings. The paper noted that the last of the 'Big 3' to report results saw earnings rise 16 percent from a year ago.
#Chrysler second quarter profit rises 16% to $507 million even as automaker cuts forecast http://t.co/xKt4hXCdHg
— Detroit Free Press (@freep) July 30, 2013
2. Alberto Nardelli
Alberto Nardelli (@AlbertoNardelli) of Tweetminster tweeted some economic data out of Italy. He wrote that foreign direct investment (FDI) in the first quarter plunged from both the fourth quarter of 2012 and the first quarter of 2012, citing OECD data.
FDI to #Italy in Q1 2013: $1.6bn. In Q4 2012 $8.9bn, in Q1 2012 $3.7bn (via @oecd http://t.co/HCJGe3SKVS)
— Alberto Nardelli (@AlbertoNardelli) July 30, 2013
3. Bloomberg TV
Bloomberg TV (@BloombergTV) tweeted out the news Tuesday morning that Community Health CYH acquired Health Management Associates HMA for $7.6 billion. Shares of both companies fell in early Tuesday trade.
BREAKING: Community Health to buy Health Management for about $7.6 billion
— Bloomberg TV (@BloombergTV) July 30, 2013
4. Linda Yueh
BBC's Linda Yueh (@lindayueh) tweeted a Bloomberg article from overnight that described the Chinese stimulus that was launched overnight. The People's Bank of China (PBOC) injected liquidity into interbank markets for the first time since February to lower borrowing rates.
#China's central bank added 17bn RMB to financial system today, 1st injection of cash using reverse repos in 5 months http://t.co/hIHqPDdRqS
— Linda Yueh (@lindayueh) July 30, 2013
5. FT Energy
FT Energy (@ftenergy) tweeted out an article about the recent move in potash stocks. They noted comments from OAO Uralkali CEO Vladimir Baumgarten expects market prices to fall 25 percent, a story which Benzinga covered here.
Uralkali pulls out of Belarusian cartel http://t.co/zQlDa47UyW
— FT Energy (@ftenergy) July 30, 2013
6. FCFYield
FCFYield (@FCFYield), a hedge fund manager on Twitter, tweeted more information on the potash stocks. He noted that for Mosaic MOS and Potash POT, the drop in prices is about half of their gross margins, which has sent the shares sharply lower.
Urikali is by far lowest cost producer - costs around $90 per tonne. Industry around $200 p/t. Lots of room 4 them to lower prices $POT $MOS
— FCFYield (@FCFYield) July 30, 2013
7. Khatimerini English
Khatimerini English (@ekhatimerini) tweeted out an article about comments made by Greek finance minister Stournaras. He noted that he is upbeat on the economy and sees the country avoiding the dreaded fiscal gap.
Greek finance minister upbeat, says fiscal gap may be avoided http://t.co/WdHrZoMhVV
— Kathimerini English (@ekathimerini) July 30, 2013
8. Steve Collins
Steve Collins (@TradeDesk_Steve) of London and Capital Asset Management tweeted out some Eurozone economic data. He noted that CPI inflation ticked up last month.
German ECB harmonized CPi is a point hotter at 1.9% v 1.8% expected
— Steve Collins (@TradeDesk_Steve) July 30, 2013
9. Reuters Insider
Reuters Insider (@ReutersInsider) tweeted about Discovery Communications' DISCA earnings. They noted that the recent acquisition of Oprah's OWN network is starting to pay off.
Discovery says Oprah's channel (OWN) "now cash flow positive and starting to pay down" Discovery's investment. $DISCA
— Reuters Insider (@ReutersInsider) July 30, 2013
10. Business Insider
Business Insider (@businessinsider) tweeted out an article about how companies are sabotaging each other on Reddit to get competitors banned from the social media site.
Advertisers are sabotaging competitors' brands to get them banned from Reddit http://t.co/YsGmyfiwgK
— Business Insider (@businessinsider) July 30, 2013
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