Bulls Won't Relent in Poll

Stock quotes in this article: IFIN , STT , TRI , SPG , MLS , BAM  

Participants in TheStreet.com RealMoney Barometer survey are finding no reason to temper their bullishness, as bullish sentiment won out for the 17th straight week.

The bulls captured 781, or 54%, of the 1,442 votes cast. The bears had 272 votes, or 19%. Neutral tallied 389 votes, or 27%, a conistently high showing.

In the sectors, energy equipment and services was seen as most likely to rise this week. Homebuilding was picked as most likely to fall.

The second place bullish sector was integrated oil. The second-most bearish sector was automobiles.

The stock market was mixed on Monday. The Dow Jones Industrial Average was trading at 12,674, up about 21 points; the Nasdaq Composite was up 1.5 points to 2474, and the S&P 500 was trading at 1448, up just under a half-point

M&A activity was at the forefront Monday.

Several merger deals were making headlines, including a plan by State Street (STT Quote) to acquire Investors Financial(IFIN Quote) for roughly $4.5 billion.

Another agreement will see Triad Hospitals(TRI Quote) taken private by affiliates of CCMP Capital Advisors and GS Capital Partners in a $4.7 billion acquisition.

Elsewhere, Simon Property(SPG Quote) and Farallon Capital have bid $24 a share for Mills(MLS Quote), exceeding by $3 a share the price of a deal with Brookfield Asset Management(BAM Quote).

Natural gas futures soared on Monday, up 6% before falling back, as a brutal cold snap covered much of the U.S. Natural gas for March delivery was last up 21 cents to $7.69 per British thermal unit, on the New York Mercantile Exchange. The high for the day was $8.03.

Light, sweet crude oil was recently trading down 5 cents a barrel from Friday, to $58.97, after hitting a high of $59.95 earlier in the session.

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish Sector
Feb. 5 781 (54%) 272 (19%) 389 (27%) Energy Equipment & Services Homebuilding
Jan. 29 901 (43%) 440 (21%) 737 (35%) + 1.8% 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 88 6%
Airlines 29 2%
Automobiles 10 1%
Beverages and Food Products 25 2%
Biotechnology 55 4%
Commercial Banks 55 4%
Computers and Peripherals 46 3%
Consumer Nondurables 19 1%
Energy Equipment & Services 238 16%
HMOs and Hospitals 15 1%
Homebuilding 80 6%
Insurance 24 2%
Integrated Oil 223 15%
Internet, Software Services 70 5%
Investment Bankers and Brokers 74 5%
Media 21 1%
Multiline Retail 12 1%
Pharmaceuticals 46 3%
Precious Metals 82 6%
Semis, Semi Equipment 50 3%
Telecom Equipment 71 5%
Tobacco and Alcohol 30 2%
Utilities 35 2%
Wireless Communications 34 2%
Source: RealMoney.com

Sector Total Votes Percentage
Aerospace and Defense 19 1%
Airlines 171 12%
Automobiles 175 12%
Beverages and Food Products 20 1%
Biotechnology 24 2%
Commercial Banks 21 1%
Computers and Peripherals 68 5%
Consumer Nondurables 36 2%
Energy Equipment & Services 36 2%
HMOs and Hospitals 16 1%
Homebuilding 183 13%
Insurance 24 2%
Integrated Oil 120 8%
Internet, Software Services 46 3%
Investment Bankers and Brokers 30 2%
Media 25 2%
Multiline Retail 42 3%
Pharmaceuticals 62 4%
Precious Metals 109 8%
Semis, Semi Equipment 62 4%
Telecom Equipment 37 3%
Tobacco and Alcohol 28 2%
Utilities 46 3%
Wireless Communications 28 2%
Source: RealMoney.com
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David Morrow is editor-in-chief of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, though he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback; click here to send him an email.




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