This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bullish -- But Barely

Updated from 6:22 a.m. EST

NEW YORK ( TheStreet) -- When isn't it about jobs?

Well, this week is most definitely about jobs as the release of the U.S. government's employment report on Friday could present investors with a sense of where this market is going.

And that's a good thing because participants in TheStreet.com's RealMoney Barometer Poll as of 9:15 a.m. EST Monday are having a hard time making up their minds.

Poll-takers who were bullish about the prospects for the week tallied 459 votes, or 44% of the 1,042 votes cast in the poll, while those leaning bearish tallied 407 votes, or 39%. Participants in the poll who were neutral totaled 177 votes, or 17%.

Economists surveyed by Thomson Reuters expect the unemployment rate in February to have risen to 9.8% from 9.7% in January.

Precious metals was viewed as the sector most likely to rise this week, while the banking sector was viewed by poll participants as the sector most likely to post declines this week, followed closely by homebuilders.

Earnings this week are expected from retailers Costco (COST - Get Report) and Staples (SPLS) and technology companies Ciena (CIEN - Get Report) and Marvell (MRVL). Solar companies such as Solarfun Power (SOLF) also are on the docket.

In the U.S., stocks ended last week on the downside. The Dow Jones Industrial Average fell 0.7%, the S&P 500 dipped 0.4% and the Nasdaq dropped 0.3%.

Premarket futures suggest that U.S. stocks will open higher Monday on Wall Street.

Meanwhile, in corporate news, Prudential PLC (PUK) confirmed Monday it reached an agreement to buy AIG's (AIG - Get Report) Asian life-insurance operations for $35.5 billion.

Millipore (MIL - Get Report) has reached an agreement to be acquired by Germany's Merck for $107 a share in cash, or a total of $7.2 billion, including debt.

> > Bull or Bear? Vote in Our Poll

The poll closed at 9:15 a.m.

On Monday in Asia, stocks in Tokyo rose 0.5% and Hong Kong shares advanced 2.2%.

As of 9:15 a.m. Monday, Britain's FTSE 100, Germany's DAX, and the CAC in Paris were posting gains.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ACN $97.34 0.01%
AIG $61.85 -0.37%
COST $135.88 -0.37%
CIEN $23.94 -0.58%
GS $208.04 -0.55%

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs