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Bellwether |
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Barometer Stock A stock in a well-known or highly-regarded company in a given sector. The performance of a barometer stock is considered to be an indicator of the performance of its particular sector or industry. The term "barometer stock" is chiefly British; in the U.S., the primary term is bellwether stock. Bellwether Security A stock or other security that usually leads the direction of its industry or sector. For example, if a stock begins a bullish or bearish trend a little bit ahead of other stocks, it may be said to be a bellwether security. It should not be confused with a bellwether issue.
Bellwether. A market bellwether is a security whose changing price is considered a signal that the market is changing direction. It gets its name from the wether, or castrated ram, that walks at the head of a shepherd's flock. The distinctive tone of the bell around the wether's neck signals the flock's position. There's not an official list of these trend setters, or market barometers, and they do change as the overall markets and the fortunes of individual companies change. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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