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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 101

Caterpillar Is Creeping Higher On A Bullish Outlook 
January 13, 2022 7:00 AM ET

Caterpillar Is Creeping Higher On A Bullish Outlook 

Thomas Hughes

The analysts have been getting incrementally more bullish on Caterpillar (NYSE: CAT) over the past 12 months and we see this activity driving share prices back to the all-time high set in 2021, at least. Activity since the start of 2022 includes three price target increases that pushed the Marketbeat.com consensus estimate to a new 1-year high.

NYSE:CAT
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Institutions Put Bottom In KB Homes 
January 13, 2022 6:00 AM ET

Institutions Put Bottom In KB Homes 

Thomas Hughes

Shares of KB Home (NYSE: KBH) pulled back from their 13-year high during 2021 but the institutions put a bottom in the action. The institutional activity was robust during the year and netted $253.35 million in sales over the course of 404 transactions.

NYSE:KBH
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It’s Time To Shop For Lululemon Athletica
January 12, 2022 10:00 AM ET

It’s Time To Shop For Lululemon Athletica

Thomas Hughes

After falling more than 31% from the all-time high set in late 2021 shares of Lululemon Athletica (NASDAQ: LULU) are ready to rebound. The market caved in the wake of the updated Q4 guidance and may move lower but we don’t think so. The market caved but on the charts, it looks like capitulation and capitulation is an opportunity for investors looking to ride the next rally.

NASDAQ:LULU
Read It’s Time To Shop For Lululemon Athletica
Is It Time To Buy More Albertsons Companies?
January 12, 2022 10:00 AM ET

Is It Time To Buy More Albertsons Companies?

Thomas Hughes

Albertsons Companies (NYSE: ACI) has been working hard on improving its business over the past year or two and those efforts are showing up in the results. The company reported better than expected earnings for FQ3 and gave favorable guidance but it was not enough to get the stock moving higher.

NYSE:ACI
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Ambarella Is Most Upgraded Stock In First Two Weeks Of 2022
January 12, 2022 8:00 AM ET

Ambarella Is Most Upgraded Stock In First Two Weeks Of 2022

Thomas Hughes

If you think chipmakers like Ambarella (NASDAQ: AMBA) are getting overheated you may be right. The valuations on some of these stocks is through the roof but they are assuming robust growth driven by the global chip shortage, the rollout of 5G, data center and cloud-computing growth, and the evolution of the industry.

NASDAQ:AMBA
Read Ambarella Is Most Upgraded Stock In First Two Weeks Of 2022
Institutional Support For Accolade, Inc Is High And Rising
January 12, 2022 7:00 AM ET

Institutional Support For Accolade, Inc Is High And Rising

Thomas Hughes

Accolade, Inc (NASDAQ: ACCD) caught our attention last year after it IPOd. The company is a business-services provider that offers a cloud-based platform that helps employees understand and utilize their healthcare benefits.

NASDAQ:ACCD
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This Is A Turning Point For OrganiGram 
January 12, 2022 3:00 AM ET

This Is A Turning Point For OrganiGram 

Thomas Hughes

We were only interested in one thing, really, when it came to OrganiGram’s (NASDAQ: OGI) FQ1 performance and that was profitability. We weren’t expecting the company to turn a profit but we wanted news on when it might be profitable because that’s what it’s going to take to get the market to reverse.

NASDAQ:OGI
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Insiders Cap Gains In Schnitzer Steel 
January 11, 2022 8:00 AM ET

Insiders Cap Gains In Schnitzer Steel 

Thomas Hughes

Insiders, through no fault of their own, put a cap on share prices for Schnitzer Steel (NASDAQ: SCHN) last year. In four transactions, 2 CFO’s and 2 senior VP’s sold some 29,000+ shares worth about 1.0% of the shares outstanding.

NASDAQ:SCHN
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Mixed Results Sends AZZ, Inc Lower 
January 11, 2022 8:00 AM ET

Mixed Results Sends AZZ, Inc Lower 

Thomas Hughes

Demand for metals, metal products, and metal-related services is high throughout the supply chain so we are not surprised to see AZZ, Inc (NYSE: AZZ) performing well. We are surprised, dismayed rather, to see those same forces driving the business hindering the results as well.

NYSE:AZZ
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High-Yield The Greenbrier Companies, Inc Pulls Into A Buying Opportunity
January 11, 2022 7:00 AM ET

High-Yield The Greenbrier Companies, Inc Pulls Into A Buying Opportunity

Thomas Hughes

The Greenbrier Companies, Inc (NYSE: GBX) has yet to recover its pre-pandemic revenue levels but the recovery is well underway. The company just reported the 4th consecutive quarter in which new orders outpaced deliveries and the backlog grew.

NYSE:GBX
Read High-Yield The Greenbrier Companies, Inc Pulls Into A Buying Opportunity
Acuity Brands Is Lighting Up Another Buying Opportunity 
January 11, 2022 6:05 AM ET

Acuity Brands Is Lighting Up Another Buying Opportunity 

Thomas Hughes

Acuity Brands, Inc.’s (NYSE: AYI) post-earnings release fall in share prices can only be viewed as a buying opportunity because this company is giving the market what it wants when few are able to do so. Acuity Brands is not only growing the top line but it is widening margins and growing the bottom line too,

NYSE:AYI
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PriceSmart, Inc Returns To A More Reasonable Valuation
January 11, 2022 4:15 AM ET

PriceSmart, Inc Returns To A More Reasonable Valuation

Thomas Hughes

PriceSmart (NASDAQ: PSMT) proved to be a real pandemic winner over the last two years but share prices got of control, at least in terms of the valuation. Now, after a prolonged 8-month sell-off, shares are more reasonably priced at 20X earnings and ready for a reversal.

NASDAQ:PSMT
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The Institutions To A Big Drink Of Constellation Brands In 2021
January 11, 2022 4:05 AM ET

The Institutions To A Big Drink Of Constellation Brands In 2021

Thomas Hughes

Constellation Brands, Inc (NYSE: STZ) share price fell in the wake of the Q3 earnings results but we view this as a buying opportunity in this stock. The results were better than expected and included upwardly revised guidance that has the analysts upping their price targets.

NYSE:STZ
Read The Institutions To A Big Drink Of Constellation Brands In 2021
Earnings Sparks Short-Covering In WD-40 Company 
January 10, 2022 4:05 AM ET

Earnings Sparks Short-Covering In WD-40 Company 

Thomas Hughes

WD-40 Company (NASDAQ: WDFC) produced a mixed FQ1/Calander Q1 but the results were strong enough to spark short-covering. With the short-interest sitting at over 12% coming into January there is quite a bit of fuel for this fire, enough perhaps to get this market back up to the all-time highs set in early 2021.

NASDAQ:WDFC
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Insiders And Institutions Signal A Change In Trend For Lamb Weston
January 7, 2022 6:00 AM ET

Insiders And Institutions Signal A Change In Trend For Lamb Weston

Thomas Hughes

We were expecting to see some fairly strong results from Lamb Weston (NASDAQ: LW) and we were not disappointed. The company is being supported by a robust rebound in the foodservice channel that is coupled with pricing increases and driving results above consensus.

NASDAQ:LW
Read Insiders And Institutions Signal A Change In Trend For Lamb Weston
Walgreens Boots Alliance Slips On Labor Cost Concerns 
January 7, 2022 4:00 AM ET

Walgreens Boots Alliance Slips On Labor Cost Concerns 

Thomas Hughes

Walgreen’s (NASDAQ: WBA) reported a great quarter in which it beat on the top and bottom lines, and raised guidance, and yet shares are falling. The market appears to have latched onto the company’s increase in labor-related spending, what Walgreen’s refers to as an investment in team members, and its potential impact on the bottom line. 

NASDAQ:WBA
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Helen Of Troy Falls Despite Strong Guidance 
January 7, 2022 4:00 AM ET

Helen Of Troy Falls Despite Strong Guidance 

Thomas Hughes

Helen Of Troy (NASDAQ: HELE) reported a truly astonishing quarter relative to the analyst’s estimates and has proven one thing if nothing else; the company is navigating the supply chain and inflationary headwinds with grace and style.

NASDAQ:HELE
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Institutions Quietly Scoop Up Shares Of Conagra 
January 6, 2022 6:00 AM ET

Institutions Quietly Scoop Up Shares Of Conagra 

Thomas Hughes

The insider and institutional activity in Conagra Brands (NYSE: CAG) have been mixed to be sure but the balance of activity is bullish. In regards to insiders, insiders were selling earlier in the year when shares prices were nearing long-term and all-time highs but that activity ceased at the end of Q2 and there has been virtually no activity in the time since.

NYSE:CAG
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Richardson Electronics Ups The Voltage On Growth 
January 6, 2022 1:00 AM ET

Richardson Electronics Ups The Voltage On Growth 

Thomas Hughes

Small-cap Richardson Electronics (NASDAQ: RELL) caught our attention last earnings cycle when it reported earnings. Strengthening trends across all end markets were driving results and indicated strength would continue in the current quarter.

NASDAQ:RELL
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Game-Changing News For Beyond Meat 
January 5, 2022 6:10 AM ET

Game-Changing News For Beyond Meat 

Thomas Hughes

Beyond Meat (NASDAQ: BYND) investors got some game-changing news when Yum! Brands KFC announced it was going nationwide with its meatless chicken product. The launch comes after two years of testing and a successful string of test launches in 2020 and 2021.

NASDAQ:BYND
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Undervalued Unifirst Corporation Pulls Back To Support
January 5, 2022 6:05 AM ET

Undervalued Unifirst Corporation Pulls Back To Support

Thomas Hughes

Anyone not expecting strong results from Unifirst Corporation (NYSE: UNF) isn’t paying attention to the labor market. While there are still lingering issues within the labor force, the labor market is strong and employment levels are back to their preCOVID levels.

NYSE:UNFNASDAQ:CTAS
Read Undervalued Unifirst Corporation Pulls Back To Support
Insider Activity In Garmin Speaks Volumes
January 5, 2022 4:15 AM ET

Insider Activity In Garmin Speaks Volumes

Thomas Hughes

The insider activity in shares of Garmin (NYSE: GRMN) speaks volumes, not for their frequency and size but for the lack of both. Insiders were selling early in the year, sales were made by a wide range of execs, board members, and large shareholders, but suddenly ceased in the 2nd half.

NASDAQ:GRMN
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RPM International And The Two-Edged Sword Of Inflation 
January 5, 2022 4:10 AM ET

RPM International And The Two-Edged Sword Of Inflation 

Thomas Hughes

RPM International (NYSE: RPM) had a mixed quarter and one that reveals the two-edged sword of inflation. The company grew revenue and at a pace above consensus but the gains are more to do with pricing increases than anything else.

NYSE:RPM
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Two Health Care Stocks With Double-Digit Upside
January 5, 2022 2:00 AM ET

Two Health Care Stocks With Double-Digit Upside

Thomas Hughes

With the peak of Q4 earnings season just around the corner, the analyst’s activity is picking up. While healthcare activity is expected to face some near-term headwinds due to Omicron the long-term outlook is robust and garnering attention from analysts.

NYSE:BAXNYSE:LLY
Read Two Health Care Stocks With Double-Digit Upside