Maybe traders were itching to break out of the holiday lull and needed a piece of market speculation. That's because more than 2,000 of you turned out to vote in this week's TheStreet.com RealMoney Barometer survey.
And the outlook in the poll was overwhelmingly bullish. Of the 2,124 of you who voted in the survey, 69%, or 1,456, were bullish. The bears came in at only 13%, or 277, with neutral the outlook of 391, or 18%.
The sectors were true to form of late. Energy equipment and services was seen as most likely to rise this week.
Homebuilding was tapped as most likely to fall.
Other sectors expected to perform well this week were integrated oil and precious metals.
Automobiles and airlines were selected as a couple of sectors more likely to fall.
Second-quarter earnings reporting season kicks off this week.
, the subject of takeover speculation, will report after the close today.
also will report this week.
The stock market returns to full-time trading after an abbreviated week that was marked by the Fourth of July holiday. Last week, the
rose 1.8%. The
was up 1.5%, and the
Light, sweet crude oil futures for August delivery were trading lower on Monday, recently at $72.03 a barrel, or down 78 cents.
Stocks were moving higher on Monday. The Dow was trading at 13,660.70, up 49 points. The Nasdaq was at 2,670.01, up 3.5 points, and the S&P 500 was at 1531.65, up 1.2 points.
Twenty of the Dow's 30 components were trading higher, led by a 2.5% gain in
also was up after the company officially unveiled its new 787 Dreamliner plane.
was trading lower on word the company will cut the price of its PlayStation 3 game console by $100 to $499.
Johnson & Johnson
said it will buy back up to $10 billion of its stock.
Below are the complete poll results.
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;
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