Seeking Alpha

First Coverage's  Instablog

The First Coverage Weekly Street Sentiment Derived from the aggregated analysis of thousands of actual trade ideas and data being sent in real-time from the sell-side to the buy-side, the First Coverage Weekly Street Sentiment provides a snapshot of market trends and a unique perspective of the... More
My business:
First Coverage
My blog:
firstcoverage.com
  • Weekly Street Sentiment: A Rally that is in Motion stays in Motion (Sept. 22, 2009) 0 comments
    Sep 21, 2009 10:28 PM | about stocks: THOR, CAG, POT, DELL, NFLX, VMC, BRLI, BBG, PNC
     
    Sell-Side is Content to Stay Content.
    Another week and when it comes to the only data point that matters, the one that asks, “Did we get some data point that made the sell-side sit up and take notice that things aren’t as rosy as they seem?”, the answer is a resounding no!
    And with that acknowledged, the sell-side continues to suggest, if only a tad less enthusiastically than in previous weeks, that their buy-side clients remain long the market.
    Sell-Side Gets Very Bullish on Health Care.
    Health Care surprised us by undergoing a very large bump in bullish sentiment over the last week. Clearly, the cause of these things are always somewhat ambiguous, but in this case, it’s a good bet that either the first cases of H1N1 re-emerging or the troubles that President Obama continues to wrestle with regarding health care reform helped the cause.
    Regardless of the cause, over the last week, a sell-side increase in bullishness within the Health Care industry by almost 17% dwarfed the next largest increase of 2.2% in Telecommunications.
    Financials Sentiment yet to Roll Over
    A couple of weeks ago, we mentioned that the sell-side’s love affair with Financials was levelling out. It wasn’t falling apart, and we hadn’t seen anything dramatic happen that would make us think the sell-side had gone bearish on their places of employment. But, the rapid rise in bullish sentiment that had taken this industry from 10th to 3rd did seem to have exhausted itself over an extended, at times hyperbolic, run.
    The data going through First Coverage also seems to support the belief that a break in the sentiment surrounding Financials would be needed for the overall market to enter a sustained bear period. On the bright side, another week down and still no break in Financials to report.
    Basic Materials aren’t as Basic as you’d Think
    One week up, one week down. The relationship between the sell-side and the Basic Materials industry is definitely becoming a complex one.
    Renewed belief amongst some in a strengthening US dollar might have been enough to make some of the sell-side professionals jump off the commodity bandwagon (Dollar goes up, prices come down), but that alone probably wasn’t enough to make sentiment decline over 10.9% in the Industrial Metals and Mining sector.
    Another potential cause for an increase in the bearishness surrounding precious metals could be a result of growing comfort by the “undecided” branch of sell-side professionals with the underlying fundamentals of this extended rally.
    The Tickers That are Generating the Greatest Buzz
    Over the last week, the following stocks had the greatest sentiment shifts in ideas being communicated between the sell-side and buy-side on First Coverage.

    Bullish:



    Bearish:


    Until the first week of October…
     
    About The First Coverage Weekly Street Sentiment
    Derived from the aggregated analysis of thousands of actual trade ideas and data being sent in real-time from the sell-side to the buy-side, the First Coverage Weekly Street Sentiment provides a snapshot of market trends and a unique perspective of the mindset of the Street for the week ahead. The following data has been extracted directly from all information transmitted in the past week by sell-side representatives from more than 250 firms submitting information to portfolio and asset managers across North America via the First Coverage platform.
    About First Coverage
     
    For media inquiries, please contact Deborah Jorge at First Coverage: Deborah.Jorge@FirstCoverage.com, 617-303-0067 (office) or 413-531-0959 (mobile).
    --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.
    Stocks: THOR, CAG, POT, DELL, NFLX, VMC, BRLI, BBG, PNC
Back To First Coverage's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers
Posts by Ticker

Latest Comments


Most Commented
  1. FIRST COVERAGE WEEKLY SENTIMENT (October 13, 2009) (1 Comment)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.