Bulls Embrace the Coming Jobs Report

Updated from 7:20 a.m. EDT

NEW YORK ( TheStreet) --- College basketball's Final Four. Holiday-shortened week. What have you, there's a lot to occupy one's mind. And so what if the market is closed this Friday? Quite a few market-watchers will be getting up early that day to see the March employment report, the focus as we begin a new trading week.

And sentiment, as the new trading week kicks off, is leaning bullish as measured by our survey.

As of 9:15 a.m. EDT, poll participants who were bullish tallied 546, or 51.1%, of the 1,068 votes cast in TheStreet.com's RealMoney Barometer Poll. Bears scored 351 votes, or 32.9%, of the total votes cast, while survey-takers who were neutral racked up 171 votes, or 16%.

Wall Street expects that nonfarm payrolls rose by 200,000 jobs during March after employers shed 36,000 jobs in February, according to Briefing.com. Forecasters see the U.S. unemployment rate holding steady at 9.7%.

Commercial banks was the sector viewed by survey-takers as the most likely to rise this week. The shares of big banks have been rising since the start of the year. Bank of America ( BAC) has gained almost 19%, while Citigroup ( C) has risen 30%.

The sector seen by survey participants as the most likely to decline was homebuilding, followed very closely by precious metals.

Earnings this week are scheduled from the likes of Research In Motion ( RIMM), 3Com ( COMS), LDK Solar ( LDK) and Micron Technology ( MU).

Premarket futures suggest stocks on Wall Street would open hgher on Monday.

Last week, the Dow Jones Industrial Average rose 1%, the S&P 500 gained 0.6% and the Nasdaq finished higher by 0.9%.

> > Bull or Bear? Vote in Our Poll

The poll closed at 9:15 a.m.

Here's a wrap-up of our other polls:

One of the companies at the center of the today's solar storm is SunPower ( SPWRA).

SunPower's recent 2010 guidance was far from a knockout as far as the market response; a break-even first quarter and an earnings range of 5 cents to 35 cents for the year did not sit well with solar investors already concerned about the cost structure of solar companies.

SunPower suffered in the days after its 2010 guidance, as two analysts set the SunPower bearish price target at $15. The selling action that drove SunPower down indicated to some observers that the bar had been reset for the U.S. solar company: an inflection point for SunPower within the larger solar sector inflection period.

The most bullish analysts hiked SunPower price targets after the earnings -- Piper Jaffray raised its price target to $25 and Barclays said "investors just don't get SunPower" more or less, and maintained a $28 price target on the stock.

In light of this, TheStreet decided to discount the wisdom of the most bullish and bearish analysts, and seek the wisdom of the solar crowd. We asked the very vocal solar investors among TheStreet readers, What do you believe the end of 2010 has in store for SunPower's share price?

Ultimately, only 13% of survey respondents indicated that "it's all downhill from here for SunPower; I'm betting on the Chinese solar companies."

Approximately 77% of responses were bullish on SunPower to one extent or another.

>>Click here for full results and analysis of our SunPower poll

More from Opinion

Tuesday Turnaround: Micron, Autonomous Driving, and J.C. Penney

Tuesday Turnaround: Micron, Autonomous Driving, and J.C. Penney

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Trump Blinks on China Trade War That's Looking Harder to Win

Trump Blinks on China Trade War That's Looking Harder to Win

Monday Madness: GE, China, and Micron

Monday Madness: GE, China, and Micron

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly