FC MARKET SENTIMENT

56.27
30-Day Change: 3.07%
about us

What First Coverage users say…

“With First Coverage, we can track stock performance, score broker input, and pin down the value of the brokers that are giving us their best, high-conviction ideas. Those are the brokers we do business with.”

Scott Johnston, Chairman & Chief Investment Officer, Sterling Johnston Capital Management


What First Coverage users say…

What First Coverage Users Say

Discover what our clients have to say about their experience with the First Coverage platform.


What First Coverage users say…

Attend Demo

Allow our product experts to walk you through the platform and show you how to maximize its value.


What First Coverage users say…

Connect with Product Expert

Ask our product experts a question.


What First Coverage users say…

Request Brochure

Learn more about the features and functionality of The Community and how it can add value to your investment process.


What First Coverage users say…

View Quick Links

Get instant access to forms, reports and links to associated Web sites that may be of interest to you.

Weekly Sentiment

August 9, 2010

Climbing a Wall of Worry, But for How Long?

The Glass is Still Half Full

The markets managed to eke out another up week last week. The week was chock full of economic announcements, with more on the bad side, including the all important employment report on Friday, then there were on the good side. No matter. It seems that good news continues to make the market go up more than bad news makes the market go down. The DJIA, S&P 500, and NASDAQ all registered gains approaching 2% for the week. The first two eclipsed their June highs.

Health Care and Oil & Gas, two of the most favored industries according to First Coverage sell-side sentiment, came in with the biggest price gains for the week. Financials were at the bottom of the price gain list. Next to Financials at the bottom were Consumer Goods and Consumer Services, the two least favored by sell-side sentiment.

Sell-Side Sentiment Still In Decline

For the seventh week in a row, First Coverage Market Sentiment pointed to “bearish,” and for the tenth week in a row, the numerical value of the index fell. The drop was a modest 0.7%. Four of the 10 industry groups had a decline, led by a 7% fall in Consumer Goods. Five of the 10 industries rose, with Utilities registering a 6% gain. Sell-side sentiment appears on average not to believe the market rally is for real.

Oil & Gas Still Has Highest Sentiment Ranking

[...]


Archived Reports


 


DISCLAIMER: First Coverage's Weekly Street Sentiment ("WSS") is derived from sources believed to be reliable, but which we furnish "AS IS" and "WITH ALL FAULTS." We do not warrant or guarantee the suitability, timeliness, sequence, accuracy, or completeness of WSS. THERE ARE NO WARRANTIES OF ANY KIND, EXPRESSED, IMPLIED OR STATUTORY(INCLUDING, WITHOUT LIMITATION, SUITABILITY, TIMELINESS, TRUTHFULNESS, SEQUENCE, ACCURACY OR COMPLETENESS), ANY IMPLIED WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING, OR COURSE OF PERFORMANCE, OR THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM USE OF WSS. Any analysis, observation or other opinion that WSS may contain is, and must be construed solely as, a statement of opinion and not a statement of fact, indication of preference or recommendation of any nature. Content contained in WSS is not intended to and does not constitute investment advice and no investment adviser-client relationship is formed.