Barometer Stock

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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.

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Within oilfield services it's best to hold the bellwether stocks as they will be taking market share," Menges said.

In battered oil services sector, smallest look weakest

The big cell phone companies are the bellwether stocks in any market, they're so well correlated to the overall GDP story - that's why international investors get into these markets," said Bull, who invested about 10-20 percent of his fund's money in the Asiacell offering.

Iraq's Asiacell shares surge on debut

It likes companies with high and sustainable dividends, while mega caps - typically household names and bellwether stocks in their respective industries - are best able to withstand periods of economic weakness but do not tend to grow as fast as smaller companies in good times.

POUNDNOTES

Bellwether stocks such as Emaar Properties dropped 5.

Gulf Arab markets fall on U.S. rating cut, Saudi recovers

The banking sector performed well with Abu Dhabi Islamic Bank and Bank of Sharjah also posting gains with bellwether stocks Aldar, Sorouh and Dana Gas all ending flat.

Abu Dhabi's benchmark stocks at 7-month high

The disappointing economic figures were at odds with earnings from Pfizer and other bellwether stocks, which are largely surprising on the upside.

FTSE flat as investors take their cut

Bellwether stocks such as brewing and beverages giant Bavaria, the largest cement maker Argos and banks BanColombia and Banco de Bogota are still seen by many analysts as the only relatively good buys.

Exchange merger seen as cure for Colombian equities market slump : Many analysts doubt fusion will lead to major gains

Blue chip companies, including real estate developer Emaar Properties and construction firm Drake and Scull International, were among the bellwether stocks to post losses.

UAE markets slide amid global commodity selloff

Indeed, while bellwether stocks such as BT trade on an estimated 2009 dividend yield of around 12%, that payout looks rather less enticing if a 50% dividend cut is factored in (which we deem to be a reasonable assumption in BT's case, given the risk of increased funding requirements for its pension scheme).