This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Market Preview: The Silence of the Bears

Meantime, Sam Stovall, chief equity strategist at S&P Capital IQ, highlighted the recent strength in small-caps as a bullish indicator. Both the S&P 500 and SmallCap 600 have shown similar year-to-date appreciation through Friday but the small-caps had to make an impressive comeback over the summer.

"Since June 1, however, the S&P SmallCap 600 Index has jumped 14.2% (it and six of its sector indices had recorded negative YTD performances through June 1), while its sectors have recorded price increases from as little as 6.7% for Utilities and 11.4% for Consumer Staples to greater than 20% gains for Energy and Telecom Services," he noted. "What's more, eight of the 10 S&P SmallCap 600 sectors are outpacing their large-cap siblings, except for Financials and Info Tech."

Stovall said historical performance data is pointing toward a surge by the S&P 500 to the 1500-1550 range before the end of 2012.

As for Tuesday, it's a light day for scheduled news with no standout earnings reports. Texas Instruments (TXN - Get Report) is slated to give its mid-quarter update though, and McDonald's (MCD - Get Report) is expected to provide its monthly sales report.

The economic calendar features the National Federation of Independent Business small-business sentiment index at 7:30 a.m. ET; the ICSC-Goldman Sachs weekly retail sales index at 7:45 a.m. ET; and July trade balance data at 8:30 a.m. ET.

The consensus view for the trade balance, according to, is for a deficit of $44 billion, slightly wider than June's deficit of $42.9 billion.

And finally, Shuffle Master (SHFL) was slumping in Monday's after-hours session after the Las Vegas gaming equipment supplier missed Wall Street's earnings expectations for its fiscal third-quarter results.

The company posted a profit of $10.4 million, or 18 cents a share, on revenue of $63.4 million for the three months ended in July, up slightly from year-ago earnings of $9.1 million, or 17 cents a share, on revenue of $58.3 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 20 cents a share in the quarter on revenue of $67.9 million.

Shuffle Master shares were last quoted at $14.38, down 6.8%, on volume of nearly 450,000, according to

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SHFL $23.19 0.00%
AAPL $128.90 -0.15%
FIVE $31.75 0.00%
MCD $100.00 0.00%
TXN $59.94 0.00%


DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs