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Bulls See Stocks Up for a 4th Straight Week

NEW YORK (TheStreet) -- Stocks rose for the third straight week and TheStreet's latest Bull vs. Bear survey predicts equities will post another weekly gain.

As of 5 a.m. EDT Monday, the poll finds survey-takers who were bullish on stocks tallying 243 votes, or 54.4%, of the 447 total votes cast. Bears came in with 144 votes, or 32.2%, while those neutral on stocks this week were at 60 votes, or 13.4%.

Poll participants expect the precious metals sector to lead gainers this week, with commercial banks in second place. Conversely, banks are seen as the sector most likely to decline, followed by the the precious metals sector.

Earnings continue apace this week with the likes of Microsoft (MSFT), Exxon Mobil (XOM), Procter & Gamble (PG), Texas Instruments (TXN), Sprint (S), DuPont (DD) and Chevron (CVX) on the docket.

The news over the weekend from the Group of 20 meetings in South Korea could drive sentiment this week, but some analysts believe the market will be in a standstill until the U.S. mid-term elections next week.

The G-20, in a statement, vowed to avoid potentially debilitating currency devaluations and reduce trade and current account imbalances.

Stocks ended last week higher. The Dow Jones Industrial Average and S&P 500 rose 0.6%, while Nasdaq gained 0.4%.

Premarket futures were suggesting U.S. stocks would open higher on Monday.

Asian stocks finished higher Monday, while European shares at 5 a.m. were rising.



> > Bull or Bear? Vote in Our Poll

The poll closes at 9:15 a.m.

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