Bulls Burst Back Onto Poll Scene

07/22/08 - 01:25 PM EDT

David Morrow

Buoyed by a rise in bank stocks last week, the bulls notched their first victory in TheStreet.com RealMoney Barometer since June 16.

After a long run as the bearish sector, commercial banks was actually picked this week as the sector most likely to rise. Integrated oil was tapped as the sector most likely to fall. Crude oil has been volatile but downtrending lately.

The bulls got 46%, or 618 of the 1,342 votes cast. The bears took 396 votes, or 29%, while neutral came in with 328 votes, or 24%.

Last week, the Dow Jones Industrial Average climbed 3.6%, the S&P 500 jumped 1.7% and the Nasdaq added 2%.

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish
Sector
July
21
618
(46%)
396
(29%)
328
(24%)
Commercial Banks Integrated Oil
July
14
511
(30%)
895
(52%)
306
(18%)
+ 1.7 Precious Metals Commercial Banks
July
7
667
(28%)
1,185
(50%)
506
(21%)
- 1.85% Energy Equipment & Services Commercial Banks
June
30
801
(27%)
1,481
(51%)
642
(22%)
- 1.21% Energy Equipment & Services Commercial Banks
June
23
612
(34%)
854
(47%)
325
(18%)
- 3.0% Energy Equipment & Services Commercial Banks

Sector Total Votes Percentage
Aerospace and Defense 10 1%
Airlines 120 9%
Automobiles 79 6%
Beverages and Food Products 9 1%
Biotechnology 3 0%
Commercial Banks 201 15%
Computers and Peripherals 20 2%
Consumer Nondurables 14 1%
Energy Equipment & Services 97 7%
HMOs and Hospitals 13 1%
Homebuilding 97 7%
Insurance 10 1%
Integrated Oil 266 20%
Internet, Software Services 36 3%
Investment Bankers and Brokers 131 10%
Media 3 0%
Multiline Retail 18 1%
Pharmaceuticals 9 1%
Precious Metals 113 9%
Semis, Semi Equipment 14 1%
Telecom Equipment 8 1%
Tobacco and Alcohol 12 1%
Utilities 31 2%
Wireless Communications 9 1%
Source: RealMoney.com

Sector Total Votes Percentage
Aerospace and Defense 23 2%
Airlines 53 4%
Automobiles 14 1%
Beverages and Food Products 22 2%
Biotechnology 83 6%
Commercial Banks 256 19%
Computers and Peripherals 34 3%
Consumer Nondurables 10 1%
Energy Equipment & Services 172 13%
HMOs and Hospitals 12 1%
Homebuilding 24 2%
Insurance 11 1%
Integrated Oil 130 10%
Internet, Software Services 32 2%
Investment Bankers and Brokers 138 10%
Media 8 1%
Multiline Retail 7 1%
Pharmaceuticals 95 7%
Precious Metals 86 6%
Semis, Semi Equipment 18 1%
Telecom Equipment 15 1%
Tobacco and Alcohol 34 3%
Utilities 30 2%
Wireless Communications 28 2%
Source: RealMoney.com
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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