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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