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David Morrow
There's nothing but bull skies for participants in the TheStreet.com RealMoney Barometer survey.
For the 16th week in a row, the bulls carried the sentiment mantle. Of the 2,078 people who took the survey, 901, or 43%, see the market rising this week. "Neutral" was again a popular choice, pulling down 35%, or 737 votes. Bearish sentiment came in at 21%, or 440 votes. In the sectors, integrated oil was seen as most likely to rise, with the homebuilders seen as most likely falling. Energy equipment and services pulled the second-highest number of bullish votes; automobiles was the second-most bearish sector, likely helped by Ford's(F Quote) multibillion-dollar loss for 2006, announced last week. In company news Monday, Symantec(SYMC Quote) signed an agreement to acquire Altiris(ATRS Quote) in an $830 million deal. Also in the M&A realm, a report out of France said that Bristol-Myers Squibb (BMY Quote) and Plavix marketing partner Sanofi-Aventis(SNY Quote) might be close to announcing a merger. Verizon (VZ Quote) confirmed Monday that it passed on a chance to sell Apple's(AAPL Quote) iPhone, judging that a five-year exclusive sales deal came with too many strings attached. The stock market was trading higher on Monday. The Dow Jones industrial average was up 40 points to 12,527 recently; the Nasdaq Composite was higher by 10 points, to 2446, and the S&P 500 was trading at 1425, up about 3 points. The yield on the 10-year Treasury continued its ascent and was recently at 4.89%. Crude oil futures were trading lower on the Nymex today, down 72 cents to $54.70 a barrel. Below are the complete poll results. |
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| Date | Bullish | Bearish | Neutral | Week Ending S&P % Change |
Bullish Sector |
Bearish Sector |
| Jan. 29 | 901 (43%) | 440 (21%) | 737 (35%) |  |
Integrated Oil | Homebuilding |
| Jan. 22 | 582 (40%) | 357 (24%) | 520 (36%) | - 0.6% | Energy Equipment & Services | Semis, Semi Equipment |
| Jan. 16 | 767 (64%) | 193 (16%) | 240 (20%) | - 0.03% | Integrated Oil | Integrated Oil |
| Jan. 8 | 953 (46%) | 549 (26%) | 569 (27%) | + 1.5% | Biotechnology | Integrated Oil |
| Sector | Total Votes | Percentage |
| Aerospace and Defense | 111 | 5% |
| Airlines | 34 | 2% |
| Automobiles | 11 | 1% |
| Beverages and Food Products | 61 | 3% |
| Biotechnology | 85 | 4% |
| Commercial Banks | 83 | 4% |
| Computers and Peripherals | 75 | 4% |
| Consumer Nondurables | 31 | 1% |
| Energy Equipment & Services | 276 | 13% |
| HMOs and Hospitals | 44 | 2% |
| Homebuilding | 60 | 3% |
| Insurance | 19 | 1% |
| Integrated Oil | 298 | 14% |
| Internet, Software Services | 127 | 6% |
| Investment Bankers and Brokers | 125 | 6% |
| Media | 11 | 1% |
| Multiline Retail | 21 | 1% |
| Pharmaceuticals | 84 | 4% |
| Precious Metals | 188 | 9% |
| Semis, Semi Equipment | 41 | 2% |
| Telecom Equipment | 70 | 3% |
| Tobacco and Alcohol | 87 | 4% |
| Utilities | 61 | 3% |
| Wireless Communications | 73 | 4% |
| Source: RealMoney.com | ||
| Sector | Total Votes | Percentage |
| Aerospace and Defense | 30 | 1% |
| Airlines | 239 | 12% |
| Automobiles | 218 | 11% |
| Beverages and Food Products | 26 | 1% |
| Biotechnology | 71 | 3% |
| Commercial Banks | 56 | 3% |
| Computers and Peripherals | 83 | 4% |
| Consumer Nondurables | 26 | 1% |
| Energy Equipment & Services | 61 | 3% |
| HMOs and Hospitals | 37 | 2% |
| Homebuilding | 347 | 17% |
| Insurance | 20 | 1% |
| Integrated Oil | 164 | 8% |
| Internet, Software Services | 86 | 4% |
| Investment Bankers and Brokers | 41 | 2% |
| Media | 30 | 1% |
| Multiline Retail | 50 | 2% |
| Pharmaceuticals | 102 | 5% |
| Precious Metals | 85 | 4% |
| Semis, Semi Equipment | 110 | 5% |
| Telecom Equipment | 59 | 3% |
| Tobacco and Alcohol | 25 | 1% |
| Utilities | 55 | 3% |
| Wireless Communications | 49 | 2% |
| Source: RealMoney.com | ||
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