Bulls Take Back Poll

 

The bulls are back in command of TheStreet.com Real Money Barometer survey.

Of the 1,101 people who voted, 421, or 38%, were bullish. Bearish and neutral sentiments were in a practical dead heat, with bears getting 339 votes and neutral copping 341, statistically about 31% each.

In the sectors, investment banks and brokers was tapped as most likely to rise this week. Homebuilding, once again, was seen as falling -- and the mess in subprime mortgages likely isn't helping.

Other sectors that voters liked were integrated oil and energy equipment and services. Other not-so-favored sectors were, interestingly, investment banks and brokers and commercial banks.

Making news Monday was Schering-Plough(SGP Quote), which has agreed to pay about $14.4 billion for Organon BioSciences, a subsidiary of the Dutch chemical and drug conglomerate Akzo Nobel(AKZOY Quote).

Trading in shares of New Century Financial(NEW Quote) was halted Monday as the New York Stock Exchange began a review of the company's listing status. The NYSE said in press release that it could either suspend trading or resume it, depending on what its review determines. The Big Board said its examination is "due to the review of recent disclosures involving the company's ongoing liquidity and financing efforts."

Opening in the shares was delayed after a New Century regulatory filing earlier Monday outlined the subprime mortgage lender's liquidity problems. The filing said Morgan Stanley(MS Quote) withdrew its financing on Friday, just a day after it had kept New Century afloat with a $265 million package.

The major averages were hanging in on Monday. The Dow Jones Industrial Average was trading at 12,309, up 33 points; the Nasdaq Composite was at 2397, higher by 9 points, while the S&P 500 was trading at 1404, up a little less than 2 points.

Light, sweet crude oil futures for April were recently down 97 cents a barrel in Nymex trading to $59.08.

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish Sector
March 12 421 (38%) 339 (31%) 341 (31%) Investment Bankers and Brokers Homebuilding
March 5 694 (27%) 1,133 (43%) 776 (30%) + 1.1% Precious Metals Homebuilding
Feb. 26 577 (39%) 451 (30%) 463 (31%) - 4.4% Precious Metals Homebuilding
Feb. 20 339 (46%) 158 (22%) 229 (31%) - 0.3% Precious Metals Homebuilding

Sector Total Votes Percentage
Aerospace and Defense 34 3%
Airlines 16 1%
Automobiles 7 1%
Beverages and Food Products 68 6%
Biotechnology 44 4%
Commercial Banks 35 3%
Computers and Peripherals 15 1%
Consumer Nondurables 28 3%
Energy Equipment and Services 131 12%
HMOs and Hospitals 14 1%
Homebuilding 13 1%
Insurance 22 2%
Integrated Oil 136 12%
Internet, Software Services 29 3%
Investment Bankers and Brokers 146 13%
Media 8 1%
Multiline Retail 6 1%
Pharmaceuticals 41 4%
Precious Metals 103 9%
Semis, Semi Equipment 56 5%
Telecom Equipment 19 2%
Tobacco and Alcohol 63 6%
Utilities 44 4%
Wireless Communications 21 2%
Source: RealMoney.com

Sector Total Votes Percentage
Aerospace and Defense 5 0%
Airlines 62 6%
Automobiles 57 5%
Beverages and Food Products 12 1%
Biotechnology 13 1%
Commercial Banks 88 8%
Computers and Peripherals 32 3%
Consumer Nondurables 13 1%
Energy Equipment and Services 22 2%
HMOs and Hospitals 8 1%
Homebuilding 263 24%
Insurance 14 1%
Integrated Oil 55 5%
Internet, Software Services 28 3%
Investment Bankers and Brokers 183 17%
Media 18 2%
Multiline Retail 36 3%
Pharmaceuticals 19 2%
Precious Metals 59 5%
Semis, Semi Equipment 47 4%
Telecom Equipment 12 1%
Tobacco and Alcohol 7 1%
Utilities 24 2%
Wireless Communications 20 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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