Free Trial

Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 102

Institutions Provide Steady Support For Colgate-Palmolive
January 31, 2022 7:00 AM ET

Institutions Provide Steady Support For Colgate-Palmolive

Thomas Hughes

Colgate-Palmolive’s (NYSE: CL) Q4 results were a mixed bag for the market and one that shook support for the stock. The takeaway is that support is still present and will likely drive this high-quality dividend-growth stock higher over the course of the next year.

NYSE:CL
Read Institutions Provide Steady Support For Colgate-Palmolive
Tightly Held Ethan Allen Interiors Is A Buy
January 28, 2022 4:05 AM ET

Tightly Held Ethan Allen Interiors Is A Buy

Thomas Hughes

Ethan Allen Interiors (NYSE: ETD) is one of the best-positioned stocks in an industry experiencing strong secular tailwinds. While others in the industry are hindered or struggling with supply chain issues and shipping disruptions Ethan Allen Interiors has been quietly expanding its North American footprint, a footprint that generates more than 75% of its inventory and one that relies heavily on its own trucks.

NYSE:ETD
Read Tightly Held Ethan Allen Interiors Is A Buy
Tractor Supply Company Is A Buy On Post-Earnings Weakness
January 27, 2022 8:00 AM ET

Tractor Supply Company Is A Buy On Post-Earnings Weakness

Thomas Hughes

Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) need to pay attention to Tractor Supply Company (NASDAQ: TSCO). While the two larger competitors are focusing on the more-urbanized and higher-density population zones Tractor Supply is focused on “Life out Here” and life out here is good, very good.

NYSE:TSCONYSE:WMYNYSE:TGT
Read Tractor Supply Company Is A Buy On Post-Earnings Weakness
Is Whirlpool Circling The Drain? 
January 27, 2022 7:00 AM ET

Is Whirlpool Circling The Drain? 

Thomas Hughes

Shares of Whirlpool (NYSE: WHR) are moving higher in the wake of the Q4 earnings report and guidance for 2022 but we aren’t betting the house on this move. The company is still in good shape and on track to continue increasing its capital returns but there is a drag on results in the form of inflation.

NYSE:WHR
Read Is Whirlpool Circling The Drain? 
Knight-Swift Transportation Confirms Support On Strong Earnings
January 27, 2022 12:00 AM ET

Knight-Swift Transportation Confirms Support On Strong Earnings

Thomas Hughes

Knight-Swift Transportation (NYSE: KNX) delivered a very strong report and we are not surprised. Not only is the industry supported by strong tailwinds but the company is working on growth and its competitors have been reporting strongly as well.

NYSE:KNX
Read Knight-Swift Transportation Confirms Support On Strong Earnings
Institutions Cap Gains In Abbot Laboratories
January 26, 2022 11:00 PM ET

Institutions Cap Gains In Abbot Laboratories

Thomas Hughes

As has become the theme of 1st quarter trading, it looks like institutional activity capped the gains in Abbot Laboratories (NYSE: ABT) but the bottom may already be in sight for shareholders. While the institutional activity shifted in favor of the bears in the 3rd and 4th quarters of 2021 the tide seems to be turning again.

NYSE:ABT
Read Institutions Cap Gains In Abbot Laboratories
Sherwin-Williams Growth Is Already Priced In 
January 26, 2022 11:00 PM ET

Sherwin-Williams Growth Is Already Priced In 

Thomas Hughes

Sherwin-Williams (NYSE: SHW) Q4 results helped catalyze an idea that has been brewing among us. The headwinds it is facing are cutting into the results in a way that no matter how good it is doing it isn’t meeting up to expectations or, rather, it is only meeting expectations which is just as bad.

NYSE:SHW
Read Sherwin-Williams Growth Is Already Priced In 
Buying The Dip In Logitech 
January 26, 2022 8:00 AM ET

Buying The Dip In Logitech 

Thomas Hughes

Logitech (NASDAQ: LOGI), without a doubt, has emerged as a clear winner in technology. The company makes all manner of peripheral devices for computers and devices, both work and play, and gaming, and is so well positioned for today’s market we can’t believe it doesn’t get more coverage.

NASDAQ:LOGI
Read Buying The Dip In Logitech 
Institutions Begin To Shed Automatic Data Processing 
January 25, 2022 11:00 PM ET

Institutions Begin To Shed Automatic Data Processing 

Thomas Hughes

Automatic Data Processing (NYSE: ADP) is a very good company in a growing industry. Not only is it on track for growth but it has a strong balance sheet, is buying back shares, and has a healthy dividend that is itself expected to grow.

NYSE:ADP
Read Institutions Begin To Shed Automatic Data Processing 
Is It Time To Buy The Rebound In Johnson & Johnson? 
January 25, 2022 11:00 PM ET

Is It Time To Buy The Rebound In Johnson & Johnson? 

Thomas Hughes

Johnson & Johnson (NYSE: JNJ) shares are moving higher on a mixed report. The company missed on the top line but margins came in well above expectation and drove solid results on the bottom line. This has share prices moving higher when the broader market is moving lower and suggests outperformance in the coming year.

NYSE:JNJ
Read Is It Time To Buy The Rebound In Johnson & Johnson? 
This Could Be The Last Time To Buy Verizon Below $54 
January 25, 2022 10:00 AM ET

This Could Be The Last Time To Buy Verizon Below $54 

Thomas Hughes

We’ve liked Verizon (NYSE: VZ) for quite some time and let us count the ways. To start, the company is a pure-play on mobile, wireless, and Internet that pays a very high yield while trading at a deep discount to the broad market.

NYSE:VZ
Read This Could Be The Last Time To Buy Verizon Below $54 
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
Read Insiders Put A Bottom In Flexsteel Industries 
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
Read Steel Dynamics Is A Value That Should Not Be Passed Up 
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
Read It’s Time To Buy Into The Schlumberger “Supercycle” 
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
Read Tesla Will Lead The Next Tech Market Rally 
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
Read Saia Upgraded Ahead Of Earnings
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
Read Institutions Are Shedding PPG Industries
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
Read Netflix Q4 Results, Now Its Time To Be Scared
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
Read Insider Selling Keeps DoorDash Stock From Taking Off
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
Read Shares Of Union Pacific Are About To Leave The Station 
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
Read It’s Time To Pay Attention To What Alcoa Is Saying 
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
Read H.B. Fuller Is Prepped For A Strong FY2022
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
Read Undervalued and High-Yielding Kinder Morgan Is Moving Higher 
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
Read Highly Valued Fastenal Is Headed Lower, Fast