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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 106

The Short-Squeeze In Dave & Buster’s Is On
December 8, 2021 8:00 AM ET

The Short-Squeeze In Dave & Buster’s Is On

Thomas Hughes

We’ve had our eye on Dave & Buster’s (NASDAQ: PLAY) as a recovery play for some time and that thesis is playing out nicely. While the price action has been volatile short-selling and tax-loss selling are mostly to blame because the results have been fantastic.

NASDAQ:PLAY
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Growing Pains Cut Into Casey’s General Stores, Inc Profits
December 8, 2021 7:00 AM ET

Growing Pains Cut Into Casey’s General Stores, Inc Profits

Thomas Hughes

Casey’s General Stores, Inc (NASDAQ: CASY) is a solid post-pandemic play and steady growth story and nothing has changed about that. If anything, Casey’s is growing a wee bit faster than expected but there is a problem, at least a small one.

NASDAQ:CASY
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Pay Attention To Microcap Oil-Dri Corporation 
December 8, 2021 7:00 AM ET

Pay Attention To Microcap Oil-Dri Corporation 

Thomas Hughes

Oil-Dri Corporation (NYSE: ODC) is not a big company but it is representative of an issue that has been and is still plaguing the global supply chain. The company manufactures sorbent mineral materials, things like kitty litter and similar items for industrial purposes, and it is reeling under the pressures of inflation.

NYSE:ODC
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It’s Not Insider Selling Or Results That Made Stitch Fix Tank
December 8, 2021 4:00 AM ET

It’s Not Insider Selling Or Results That Made Stitch Fix Tank

Thomas Hughes

Although there has been some notable insider selling in Stitch Fix (NYSE: SFIX) that’s not why shares are down 20% in premarket trading and it’s not the Q3 results either. Not, it’s the guidance for the 2nd quarter that has shares down in the dumper but we see an opportunity brewing.

NASDAQ:SFIX
Read It’s Not Insider Selling Or Results That Made Stitch Fix Tank
Beware Insider Selling At Gitlab 
December 7, 2021 10:00 AM ET

Beware Insider Selling At Gitlab 

Thomas Hughes

To be honest, there has been very little insider activity in shares of Gitlab (NASDAQ: GTLB) but there is a reason. The stock has only recently IPOd and there are lockup periods to be considered.

NASDAQ:GTLB
Read Beware Insider Selling At Gitlab 
Autozone Drives To New High
December 7, 2021 10:00 AM ET

Autozone Drives To New High

Thomas Hughes

Autozone (NYSE: AZO) has been winning since long before the pandemic began and it looks like it will keep on winning long into the future. The company is not only growing at a double-digit rate but well above the consensus and all the signs are positive.

NYSE:AZO
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MongoDB Resumes Uptrend, Analyst Raise Targets 
December 7, 2021 8:10 AM ET

MongoDB Resumes Uptrend, Analyst Raise Targets 

Thomas Hughes

We were expecting MongoDB (NASDAQ: MDB) to produce a good report simply because the adoption of tech is going so strongly. What we were not expecting is for revenue and earnings to accelerate as fast as they did, or for the company to raise guidance for the year.

NASDAQ:MCB
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Sportsman’s Warehouse Is A Buy At These Levels 
December 7, 2021 5:00 AM ET

Sportsman’s Warehouse Is A Buy At These Levels 

Thomas Hughes

Price action in Sportsman’s Warehouse (NASDAQ: SPWH) tanked in the wake of news it was terminating an agreement to merge with Great Outdoors. The deal was mutual and driven by a recommendation the FTC would not approve it.

NASDAQ:SPWH
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Three Techs To Buy Before Santa Comes To Town 
December 7, 2021 2:00 AM ET

Three Techs To Buy Before Santa Comes To Town 

Thomas Hughes

This year has been a busy one for IPOs and the activity is staying strong right through the end of the year. Often times the best time to buy a newly IPOd stock is after the initial quiet period ends and that is no different with the three we have today.

NASDAQ:BLZENYSE:CINTNASDAQ:EXFY
Read Three Techs To Buy Before Santa Comes To Town 
What Went Wrong With Draft Kings Stock Price? 
December 6, 2021 11:00 PM ET

What Went Wrong With Draft Kings Stock Price? 

Thomas Hughes

While the underlying investment in Draft Kings (NASDAQ: DKNG) remains sound there are a number of headwinds holding back share prices. The headwinds start with the stock’s valuation and end with short-seller Jim Chanos. In between are a number of issues that have combined to make a perfect storm for this stock.

NASDAQ:DKNG
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Institutions Are Buying Genesco 
December 6, 2021 7:00 AM ET

Institutions Are Buying Genesco 

Thomas Hughes

Insiders have been selling shares of Genesco (NYSE: GCO) but it’s not a problem for the market. Not only are the sales small but they are spread among several insiders primarily directors. In addition, most of the sales were earlier in the year and offset by a single purchase.

NYSE:GCO
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Dole plc Has Tough Time With Systemic Headwinds
December 6, 2021 6:00 AM ET

Dole plc Has Tough Time With Systemic Headwinds

Thomas Hughes

Newly formed Dole plc (NYSE: DOLE) is having a tough time with systemic headwinds. The company, now merged with Total Produce, is a global supplier of fresh fruits and vegetables and is exposed to labor, freight, and input cost inflation like no other company we’ve seen.

NYSE:DOLE
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Chewy.com Is A Hot Buy At These Levels 
December 5, 2021 11:00 PM ET

Chewy.com Is A Hot Buy At These Levels 

Thomas Hughes

Shares of Chewy, Inc (NYSE: CHWY) are down 5.0% in the wake of a major downgrade. The downgrade comes from Wedbush who lowered the stock to Neutral from Outperform citing churn within the business. Not only are the comps going to be tough on a YOY basis but Wedbush analyst Seth Basham thinks net new growth will be weak as well.

NYSE:CHWY
Read Chewy.com Is A Hot Buy At These Levels 
Hibbett, Inc To Rebound On Strong Results, Outlook 
December 3, 2021 7:00 AM ET

Hibbett, Inc To Rebound On Strong Results, Outlook 

Thomas Hughes

Shares of Hibbett, Inc (NASDAQ: HIBB) attracted quite a crowd of short-sellers over the last quarter due to rising fears of supply chain disruption and inflation. Those fears have the short interest up to nearly 20% which we view as extreme.

NASDAQ:HIBB
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Insiders Are Not To Blame For Big Lots Big Decline
December 3, 2021 6:00 AM ET

Insiders Are Not To Blame For Big Lots Big Decline

Thomas Hughes

Shares of Big Lots (NYSE: BIG) are down nearly 40% from their post-COVID highs and might be heading lower. The reason is not because of insider selling but, more to the point, mounting headwinds that threaten to curb growth, among other things.

NYSE:BIG
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Express, Inc Makes Abrupt Reversal On Strong Results
December 2, 2021 6:40 AM ET

Express, Inc Makes Abrupt Reversal On Strong Results

Thomas Hughes

Shares of Express, Inc (NYSE: EXPR) are rocketing higher after the Q3 release and we think they will continue to move higher well into next year. The story here is more than just a reopening play and more than simply wowing the market. Express

NYSE:EXPR
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Kirkland’s After-Holiday Sale Starts Early
December 2, 2021 6:35 AM ET

Kirkland’s After-Holiday Sale Starts Early

Thomas Hughes

Just when we thought the mall-based retailers were about to come back Kirkland’s (NASDAQ: KIRK)  delivered a less-than-stunning report that confirms freight issues are still plaguing the market. The news sparked what we can only describe as a knee-jerk reaction that has shares down more than 25%.

NASDAQ:KIRK
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Insider Selling Is Slacking Off At Crowdstrike 
December 2, 2021 6:20 AM ET

Insider Selling Is Slacking Off At Crowdstrike 

Thomas Hughes

Insider selling in shares of Crowdstrike (NASDAQ: CRWD) was a worry earlier in the year but that worry seems to be passing. While insiders have made 83 transactions this year the sales are broad across execs, directors, and large shareholders and coincide with the post IPO highs set last year and earlier this year.

NASDAQ:CRWD
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Will Dollar General March Higher On New Growth Strategy? 
December 2, 2021 6:10 AM ET

Will Dollar General March Higher On New Growth Strategy? 

Thomas Hughes

Price action in Dollar General (NYSE: DG) was without impetus following the release of Q3 results. While the results were good they were entirely as expected and without much to drive the market higher. The key takeaway from the report, however, is that this company has already begun a major growth strategy that could increase its footprint by more than 20%

NYSE:DG
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Is The Correction In OKTA Over?
December 2, 2021 6:00 AM ET

Is The Correction In OKTA Over?

Thomas Hughes

After falling more than 30% from 2021's high, it looks like the correction in OKTA (NASDAQ: OKTA) could be over. OKTA, a leader in identity protection and 0-Trust security, reported a blowout quarter marred by only one thing. The company’s margins contracted and reverted to a net loss but there is a mitigating factor.

NASDAQ:OKTA
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High-Yield Patterson Companies Is Still A Buy 
December 2, 2021 4:15 AM ET

High-Yield Patterson Companies Is Still A Buy 

Thomas Hughes

We’ve had some interest in Patterson Companies, Inc (NASDAQ: PDCO) because of its high yield, its value, and its position within the market. There is nothing exciting about dental or animal health but it is a steady business and one supported secular trends.

NASDAQ:PDCO
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Range-Bound G-III Apparel Going Nowhere Fast 
December 2, 2021 4:00 AM ET

Range-Bound G-III Apparel Going Nowhere Fast 

Thomas Hughes

It was no surprise for G-III Apparel (NASDAQ: GIII) to have a strong quarter because the entire retail sector showed strength in this reporting cycle. It was a surprise to see price action make such an abrupt about-face after gapping up at the open and then moving higher in early trading.

NASDAQ:GIII
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Zscaler, Inc Is Going Ballistic, It’s Not Too Late To Hitch A Ride
December 1, 2021 7:00 AM ET

Zscaler, Inc Is Going Ballistic, It’s Not Too Late To Hitch A Ride

Thomas Hughes

If you had any doubts about the growing use of the Internet, the need for digital business security or 0-trust infrastructures Zscaler’s (NASDAQ: ZS) results should lay them to rest. Zscaler’s FQ1 results are so strong they defy belief.

NASDAQ:ZS
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Salesforce.com Is More Attractive After 10% Discount
December 1, 2021 5:00 AM ET

Salesforce.com Is More Attractive After 10% Discount

Thomas Hughes

Salesforce.com (NYSE: CRM) is one of the best-positioned tech company’s working on the Internet today. The company is not only the leader but the very creator of Customer Relationship Management and is still growing at a high double-digit rate now, more than 20 years after its founding.

NYSE:CRM
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