Bulls Take Poll Again
The bulls kept control of TheStreet.com RealMoney Barometer, but it was a bit of a dogfight.
Of the 1,511 votes cast, the bulls got 577, or 39%. The bears notched 451, or 30%, and neutral came in at 463, or 31%. In the sectors, as it has been for the past three weeks, precious metals was seen as most likely to rise, and homebuilding was picked as most likely to fall. Integrated oil and energy equipment and services were the second and third sectors, respectively, tapped as most likely to rise, probably due to the recent rebound in the price of oil. Commercial banks and airlines followed homebuilding as bearish sectors. In company news, the top deal of the day will see Texas-based utility TXU(TXU) go private through what will be the largest leveraged buyout in history. A group led by Kohlberg Kravis Roberts and Texas Pacific will pay $69.25 a share for the company; including assumed debt, the transaction is worth $45 billion. Elsewhere, Station Casinos (STN) accepted a buyout offer worth $8.8 billion, including $3.4 billion in debt that will be assumed. The arrangement will see Station acquired by Fertitta Colony Partners, a firm started by the company's founding family. The major stock averages were trading lower on Monday. The Dow Jones Industrial Average was trading at 12,616.96, off 31 points; the Nasdaq Composite was at 2495.61, down 19 points; and the S&P 500 was at 1446.48, down about 5 points. Light, sweet crude futures were trading slightly higher on the Nymex recently, up 7 cents to $61.23 a barrel. Stock-buying interest was dampened Monday by comments from former Fed Chairman Alan Greenspan, who said during a business conference in Hong Kong that the U.S. economy could face a recession. Below are the complete poll results.| Date | Bullish | Bearish | Neutral | Week Ending S&P % Change |
Bullish Sector |
Bearish Sector |
| Feb. 26 | 577 (39%) | 451 (30%) | 463 (31%) | Precious Metals | Homebuilding | |
| Feb. 20 | 339 (46%) | 158 (22%) | 229 (31%) | - 0.3% | Precious Metals | Homebuilding |
| Feb. 12 | 348 (25%) | 618 (44%) | 423 (30%) | + 1.2% | Precious Metals | Homebuilding |
| Feb. 5 | 781 (54%) | 272 (19%) | 389 (27%) | - 0.6% | Energy Equipment and Services | Homebuilding |
| Sector | Total Votes | Percentage |
| Aerospace and Defense | 42 | 3% |
| Airlines | 20 | 1% |
| Automobiles | 17 | 1% |
| Beverages and Food Products | 28 | 2% |
| Biotechnology | 71 | 5% |
| Commercial Banks | 35 | 2% |
| Computers and Peripherals | 24 | 2% |
| Consumer Nondurables | 22 | 1% |
| Energy Equipment and Services | 205 | 14% |
| HMOs and Hospitals | 18 | 1% |
| Homebuilding | 30 | 2% |
| Insurance | 20 | 1% |
| Integrated Oil | 258 | 17% |
| Internet, Software Services | 33 | 2% |
| Investment Bankers and Brokers | 38 | 3% |
| Media | 22 | 1% |
| Multiline Retail | 25 | 2% |
| Pharmaceuticals | 37 | 2% |
| Precious Metals | 292 | 20% |
| Semis, Semi Equipment | 71 | 5% |
| Telecom Equipment | 37 | 2% |
| Tobacco and Alcohol | 35 | 2% |
| Utilities | 74 | 5% |
| Wireless Communications | 29 | 2% |
| Source: RealMoney.com | ||
| Sector | Total Votes | Percentage |
| Aerospace and Defense | 10 | 1% |
| Airlines | 135 | 9% |
| Automobiles | 97 | 7% |
| Beverages and Food Products | 16 | 1% |
| Biotechnology | 30 | 2% |
| Commercial Banks | 140 | 9% |
| Computers and Peripherals | 42 | 3% |
| Consumer Nondurables | 24 | 2% |
| Energy Equipment and Services | 23 | 2% |
| HMOs and Hospitals | 17 | 1% |
| Homebuilding | 402 | 27% |
| Insurance | 9 | 1% |
| Integrated Oil | 77 | 5% |
| Internet, Software Services | 35 | 2% |
| Investment Bankers and Brokers | 62 | 4% |
| Media | 25 | 2% |
| Multiline Retail | 57 | 4% |
| Pharmaceuticals | 56 | 4% |
| Precious Metals | 52 | 4% |
| Semis, Semi Equipment | 67 | 5% |
| Telecom Equipment | 26 | 2% |
| Tobacco and Alcohol | 25 | 2% |
| Utilities | 27 | 2% |
| Wireless Communications | 24 | 2% |
| Source: RealMoney.com | ||
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,741.98 | 1,159.90 | 2,374.41 | 36.87 |
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