Shimano Compre.
Great rod with "quality" components, and a warranty to match. Lifetime, over the counter I believe. They shud still be around $100 at most retailers. In fact, Fishing Hole is listing some of them on sale for $99.95.
I have had my rod snap while hooked on a rock (damn power pro) and it was replaced no questions asked.
Other good rods less than $150 IMO:
Browning Citori
Quantum Tour Edition PT
Fenwick HMX
Bass Pro has some good rods including:
Pro Qualifier XPS
XPS Extreme
You likely wont get them on sale, but if u are willing to go up a bit in price, the Shimano Crucial and St Croix Avid rods are probably the best rods out there without breaking the budget compared to a G Loomis.
A 7' medium Compre would be my choice.
With your price of $150, you have a ton of choices. Look for a rod with higher end Fuji guides, IM7 (or higher) graphite and regardless of what u find, it will no doubt be a solid rod.
Sorry, but Ugly sticks are not a good rod when u have a budget of $150....mind u, u cud buy 3-4 for that price