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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stock Futures Unmoved as Investors Wait on Vehicles, Factory Data


NEW YORK ( TheStreet) -- Stock futures were starting Tuesday mixed after an iffy session a day earlier. While the Dow  Jones Industrial Average made the biggest gains Monday, the Nasdaq slipped and the S&P 500 all but flat-lined following an accounting error in ISM manufacturing data for May, a litmus test for broad economic health.

Following a similar pattern to the day before, U.S. stock futures were finding little impetus to make big moves. The Dow gained 0.14% to 16,727, while the S&P 500 tiptoed 0.04% higher to 1,922.25. The Nasdaq slipped 0.21% to 3,727.75.

Markets could be adopting a wait-and-see approach with both motor vehicle sales and factory orders figures due out shortly after market open. Economists anticipate domestic vehicle sales to climbing to 16.1 million, up from 12.8 million a month earlier, while factory orders are expected to slow to 0.5% from 1.1%.

To the north, European markets slipped and the euro strengthened on the latest consumer price index data which slowed to 0.5% in May, sparking concerns of deflation. The deceleration also gives the European Central Bank room to engage in monetary easing and to edge inflation higher to a target 2% when its meets on Thursday.

In individual stock movements, Hillshire Brands (HSH) is rallying yet again as the tug-of-war over it continues. The food processor is up 7.8% after Pilgrim's Pride (PPC) upped its bid to $55 a share, or $7.7 billion, from $45 a share, or $6.4 billion, offered a week earlier. 

Meanwhile, surf and skate clothing company Quiksilver (ZQK) is being mercilessly pummeled, tanking 37.3%, after reporting quarterly net losses widening to 15 cents a share. Analysts' estimates were for losses of 2 cents a share. Revenue tumbled 10.4% to $408 million.

Krispy Kreme (KKD) is having a similarly rough time Tuesday, down 11.8%, as management lowered full-year EPS guidance to 69 cents to 74 cents a share, below estimates of 76 cents a share.

Keep an eye on FuelCell (FCEL), Mattress Firm Holding (MFRM), and Rentrak (RENT) with the three scheduled to release earnings after the bell.

-- Written by Keris Alison Lahiff in New York.

>>Read More: At the Hands of Apple, Android is as Good as Dead

>>Read More: Broadcom's a Buy Now

>>Read More: Only 10 States Have 'Stable' Housing Markets

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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