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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 100

Insiders Put A Bottom In Flexsteel Industries 
January 25, 2022 8:00 AM ET

Insiders Put A Bottom In Flexsteel Industries 

Thomas Hughes

Shares of Flexsteel Industries (NASDAQ: FLXS) are trying to hammer out a bottom that could very easily become a double-bottom. This bottom is supported not only by the outlook for business but by the insider and institutional activity as well.

NASDAQ:FLXS
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Steel Dynamics Is A Value That Should Not Be Passed Up 
January 25, 2022 7:00 AM ET

Steel Dynamics Is A Value That Should Not Be Passed Up 

Thomas Hughes

We were expecting a solid report from Steel Dynamics (NASDAQ: STLD) and we were not disappointed. The company is experiencing record demand for steel products and fabrication and that is driving record results. More importantly, a record backlog for fabrication and high levels of customer confidence are pointing to another solid year in 2022.

NASDAQ:STLD
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It’s Time To Buy Into The Schlumberger “Supercycle” 
January 25, 2022 2:00 AM ET

It’s Time To Buy Into The Schlumberger “Supercycle” 

Thomas Hughes

The analysts are driving shares of Schlumberger (NYSE: SLB) higher and we think this is just the beginning of a very long trend. The entire oil industry is supported by fundamental factors that should keep them busy and prices high for the foreseeable future and no one is better positioned to capture industry strength than Schlumberger.

NYSE:SLB
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Tesla Will Lead The Next Tech Market Rally 
January 25, 2022 1:00 AM ET

Tesla Will Lead The Next Tech Market Rally 

Thomas Hughes

While it’s hard to say for certain who will lead the next rally in tech stocks Tesla (NASDAQ: TSLA) is as good a choice as any. The company is riding a wave of accelerated EV expansion that is boosting its reach even as internal efforts to boost production pays off.

NASDAQ:TSLA
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Saia Upgraded Ahead Of Earnings
January 24, 2022 8:00 AM ET

Saia Upgraded Ahead Of Earnings

Thomas Hughes

Less-Than-Truckload Freight carrier Saia (NASDAQ: SAIA) got an upgrade from Deutsche Bank a week ahead of earnings and we are not surprised. The company is well-positioned as a specialty and on-demand source of shipping, freight, and logistics services in a world where freight, shipping, and logistics are in record demand.

NASDAQ:SAIA
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Institutions Are Shedding PPG Industries
January 24, 2022 7:00 AM ET

Institutions Are Shedding PPG Industries

Thomas Hughes

Shares of PPG Industries (NYSE: PPG) rocketed higher in the wake of the pandemic as global demand and curtailed productions boosted supply chain needs throughout the system. The sudden increase in demand for both consumer and commercial paint/coating solutions drove revenue gains to record levels and the demand is still strong.

NYSE:PPG
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Netflix Q4 Results, Now Its Time To Be Scared
January 21, 2022 5:00 AM ET

Netflix Q4 Results, Now Its Time To Be Scared

Thomas Hughes

If you have been worrying about the stock market and the risks of a correction Netflix (NASDAQ: NFLX) Q4 aren’t going to make you happy. It’s not so much that results are bad so much as they aren’t dazzling like they’ve been so often in the past.

NASDAQ:NFLX
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Insider Selling Keeps DoorDash Stock From Taking Off
January 21, 2022 4:08 AM ET

Insider Selling Keeps DoorDash Stock From Taking Off

Thomas Hughes

If you are wondering why DoorDash (NYSE: DASH) stock is having such a hard time in the market we’re here to tell you it is because of insider selling. Not only is this a low-float stock with only 58% of the shares available to trade but the insiders have been shedding them about as fast as they are being made available.

NYSE:DASH
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Shares Of Union Pacific Are About To Leave The Station 
January 21, 2022 4:05 AM ET

Shares Of Union Pacific Are About To Leave The Station 

Thomas Hughes

A look at the long-term chart of monthly Union Pacific (NYSE: UNP) candlesticks makes one thing glaringly evident. This stock is in a long-term uptrend and only going higher. Based on the Q4 results, our outlook for 2022, and the stock’s price action post-release we think the next move may be starting right now.

NYSE:UNP
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It’s Time To Pay Attention To What Alcoa Is Saying 
January 20, 2022 6:05 AM ET

It’s Time To Pay Attention To What Alcoa Is Saying 

Thomas Hughes

Alcoa (NYSE: AA) may have lost its status as the market bellwether but its results are something investors should pay attention to. The company has been working hard to restructure the business, divest itself of underperforming assets, resolve disputes, and tighten up the operation.

NYSE:AA
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H.B. Fuller Is Prepped For A Strong FY2022
January 20, 2022 4:15 AM ET

H.B. Fuller Is Prepped For A Strong FY2022

Thomas Hughes

We got interested in H.B. Fuller (NYSE: FUL) early in 2021 because it looked like it could be the one stock to rule them all in 2021. The company manufacturers specialty chemicals and specifically adhesives, glues, and coatings for a wide range of industries including packaging, F&B, OEM automotive, and multitudes of manufacturing processes.

NYSE:FUL
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Undervalued and High-Yielding Kinder Morgan Is Moving Higher 
January 20, 2022 4:05 AM ET

Undervalued and High-Yielding Kinder Morgan Is Moving Higher 

Thomas Hughes

We called out Kinder Morgan (NYSE: KMI) as a buy last year with the idea its 6.75% was overly attractive and not likely to remain so high relative to share prices for long. Now, a year later, we are sticking by that outlook with this correction: Kinder Morgan’s yield is overly attractive and not likely to remain at 6.2% for long, even with the expectation of future dividend increases. 

NYSE:KMI
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Highly Valued Fastenal Is Headed Lower, Fast
January 20, 2022 1:00 AM ET

Highly Valued Fastenal Is Headed Lower, Fast

Thomas Hughes

Fastenal (NASDAQ: FAST) is a great company with a growing business but there is a problem. Trading at 37X its forward earnings it is very highly valued compared to the broad market and its growth isn’t all that spectacular. While we aren’t forecasting a major implosion of share prices it does look like the short-term traders are in control and are about to push this stock down to lower levels.

NASDAQ:FAST
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Major Shareholder Quietly Accumulates Cricut, Inc
January 20, 2022 1:00 AM ET

Major Shareholder Quietly Accumulates Cricut, Inc

Thomas Hughes

We like Cricut, Inc (NASDAQ: CRCT) so we are not surprised to see a major shareholder accumulating shares. What we are surprised about is the scope of that accumulation and what it may mean for future share prices.

NASDAQ:CRCT
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United Health’s Guidance Gives Investors A Chill 
January 19, 2022 9:00 AM ET

United Health’s Guidance Gives Investors A Chill 

Thomas Hughes

United Health (NYSE: UNH) reported its Q4 revenue and earnings and caused share prices to rise. The rise was met with resistance, however, due to tepid guidance that did little to fan the flames of investor sentiment.

NYSE:UNH
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The Growing Case For A Major Stock Market Correction
January 19, 2022 8:00 AM ET

The Growing Case For A Major Stock Market Correction

Thomas Hughes

If you are worried about an impending correction you have good reason to be. There are a number of factors weighing on the broad market S&P 500 (NYSEARCA: SPY) that could easily cause a 10%, 20%, or 30% correction in prices. While we could go on and on with our preamble, we are going to get right to the point because the evidence speaks for itself. 

NYSEARCA:SPY
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Cautious Analysts Drive J.B. Hunt Transportation Services Higher 
January 19, 2022 7:00 AM ET

Cautious Analysts Drive J.B. Hunt Transportation Services Higher 

Thomas Hughes

J.B. Hunt (NASDAQ: JBHT) wowed the analysts with its Q4 results, results that show not only the impact of rising demand and cost of shipping but also widening margins. The company has been working hard on a suite of “cost-recovery” efforts over the past year that have helped it leverage the revenue strength spurred by pandemic spending.

NASDAQ:JBHT
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These Semiconductor Stocks Just Got Upgraded, Again
January 19, 2022 2:00 AM ET

These Semiconductor Stocks Just Got Upgraded, Again

Thomas Hughes

The semiconductor sector (NASDAQ: SOXX) is heating up and in such a way that we here at Marketbeat.com have begun to feel like a broken record when we say it. The upgrades, to be blunt, just keep rolling in and promise to keep driving the entire semiconductor complex higher.

NASDAQ:INTCNASDAQ:AMATNASDAQ:AMD
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Insiders And Analysts Cap Gains In Datadog 
January 19, 2022 2:00 AM ET

Insiders And Analysts Cap Gains In Datadog 

Thomas Hughes

The outlook for Datadog (NASDAQ: DDOG) is still quite bullish for the long-term but there are near-term headwinds that need to be overcome. The main headwind is insider selling. The selling isn’t something to be worried about but it did help create a downdraft and the short-sellers are taking advantage of it.

NASDAQ:DDOG
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Has Sherwin-Williams Company Lost Its Luster? 
January 18, 2022 10:00 AM ET

Has Sherwin-Williams Company Lost Its Luster? 

Thomas Hughes

The downgrades in Sherwin-Williams (NYSE: SHW) began long before the company released its updated guidance but they appear to be gaining momentum in its wake. According to BMO Capital who downgraded the stock to Hold in December, the supply chain issues investors were expecting to appear did not fully materialize in 2021 and led to outperformance in the stock.

NYSE:SHW
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Is Lowe’s A Buy On Pre-Earnings Weakness? 
January 18, 2022 8:00 AM ET

Is Lowe’s A Buy On Pre-Earnings Weakness? 

Thomas Hughes

With Lowe’s (NYSE: LOW) Q4 earnings report just a month away and shares pulling back from record highs it looks like a buying opportunity is developing. The near-term weakness is driven by the general market malaise tied to COVID, inflation, interest rates, and now bank earnings that have the S&P 500 moving lower.

NYSE:LOW
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Insider Activity Makes Asana, Inc A Buy 
January 18, 2022 7:00 AM ET

Insider Activity Makes Asana, Inc A Buy 

Thomas Hughes

Insider activity in Asana, Inc  (NYSE: ASAN) has been mixed over the past year but the bias for share prices is most definitely to the upside. While two lower-level insiders were making small, periodic sales of their stock the CEO and a director went on a buying spree.

NYSE:ASAN
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Institutional Support Remains High For JPMorgan Chase
January 14, 2022 6:00 AM ET

Institutional Support Remains High For JPMorgan Chase

Thomas Hughes

A mixed report from JPMorgan Chase (NYSE: JPM) has shares down hard in early trading and they may move lower. The takeaway is that institutional support for JPMorgan remains high and will likely support price action at the bottom of a trading range that has been in place all year.

NYSE:JPM
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Infosys Is Ready To Scale New Highs
January 13, 2022 10:00 AM ET

Infosys Is Ready To Scale New Highs

Thomas Hughes

Infosys (NYSE: INFY) has been working hard on a digital transformation that just so happened to set the company up perfectly for the pandemic and the post-pandemic world. A consulting and outsourcing firm, Infosys’ transformation is centered on digital and includes “re-skilling” its talent pool, investing in new talent, investing in technology, and making itself a business-services company of the future, not the past

NYSE:INFY
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