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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 122

CarMax Moves Higher After Reaffirming Targets
June 28, 2021 8:00 AM ET

CarMax Moves Higher After Reaffirming Targets

Thomas Hughes

CarMax (NYSE: KMX) is the leader in used car sales in the United States. It is by far the single largest dealer of pre-owned vehicles and plans to capture 5% of the used car market within the next couple of years.

NYSE:KMX
Read CarMax Moves Higher After Reaffirming Targets
Paychex Cashes In On Economic Reopening
June 28, 2021 7:00 AM ET

Paychex Cashes In On Economic Reopening

Thomas Hughes

Paychex (NASDAQ: PAYX) has been on our radar as a reopening play since the middle of last year. The entire labor market experienced a contraction that for labor market companies wasn’t nearly half as bad as it could have been

NASDAQ:PAYX
Read Paychex Cashes In On Economic Reopening
FedEx Delivers A Buying Opportunity To Investors
June 25, 2021 6:00 AM ET

FedEx Delivers A Buying Opportunity To Investors

Thomas Hughes

Both FedEx  (NYSE: FDX) and Nike reported strong earnings this morning. The difference is that where Nike’s strength was not expected and drove shares higher, FedEx's strength was more or less expected by the market if not predicted by the consensus estimate and failed to spur bullish sentiment.

NYSE:FDX
Read FedEx Delivers A Buying Opportunity To Investors
Nike Sprints Higher On Transformative Results
June 25, 2021 5:00 AM ET

Nike Sprints Higher On Transformative Results

Thomas Hughes

The Nike (NYSE: NKE) growth story is one that seems to have no end. Over the past year, the company has doubled down on a transformation of its business that includes a heavy focus on direct-to-consumer sales and e-commerce.

NYSE:NKE
Read Nike Sprints Higher On Transformative Results
Rite Aid Q1 Results In A Bitter Pill For Investors
June 24, 2021 9:00 AM ET

Rite Aid Q1 Results In A Bitter Pill For Investors

Thomas Hughes

Rite Aid (NYSE: RAD) reported its fiscal Q1 results and shares are down 15% in the wake of it. At face value, the report looks good and the CEO appears optimistic, the problem lay in the guidance.

NYSE:RAD
Read Rite Aid Q1 Results In A Bitter Pill For Investors
Steelcase, Inc Rebound Gains Momentum
June 24, 2021 7:00 AM ET

Steelcase, Inc Rebound Gains Momentum

Thomas Hughes

Steelcase's (NYSE: SCS) rebound has been slow to come but come it has and gaining momentum it is. The fiscal Q1 results we're lackluster but hide rapidly improving fundamentals that point to sequential growth, year-over-year growth

NYSE:SCS
Read Steelcase, Inc Rebound Gains Momentum
A Building Opportunity In KB Home
June 24, 2021 7:00 AM ET

A Building Opportunity In KB Home

Thomas Hughes

Shares of KB Home (NYSE: KBH) are down 6% in early trading because the company missed the consensus expectation for revenue. While we don't like to see a company miss the consensus expectation

NYSE:KBH
Read A Building Opportunity In KB Home
The Analysts Buy Into These Top Brands
June 24, 2021 3:05 AM ET

The Analysts Buy Into These Top Brands

Thomas Hughes

These top brands are on track to beat their consensus targets for calendar Q2 revenue and earnings.

NYSE:MCDNYSE:UANYSE:VZ
Read The Analysts Buy Into These Top Brands
The Patterson Companies, Inc Goes On Sale
June 23, 2021 8:00 AM ET

The Patterson Companies, Inc Goes On Sale

Thomas Hughes

The Patterson Companies (NASDAQ: PDCO) emerged as a dual narrative story last fall. The combination of stay-at-home trends, trends within the pet care industry, and the slow resumption of elective medical services

NASDAQ:PDCO
Read The Patterson Companies, Inc Goes On Sale
The 411 on IHS Markit? New Highs Are In Sight
June 23, 2021 6:00 AM ET

The 411 on IHS Markit? New Highs Are In Sight

Thomas Hughes

IHS Markit (NYSE: INFO) was not immune to the pandemic but, like so many others, it was able to weather the storm. Where business in one segment fell off it picked up in another, at least enough to sustain the company through the darkest days.

NYSE:INFO
Read The 411 on IHS Markit? New Highs Are In Sight
3 High-Profile Tech Upgrades Moving The Market Now
June 23, 2021 5:00 AM ET

3 High-Profile Tech Upgrades Moving The Market Now

Thomas Hughes

Secular tailwinds are driving the entire tech sector to new highs. It doesn't matter where you look, but rising demand and low inventories are bringing on a new age for the entire industry. Simply starting with shortages in the chips sector, the ramp in production will provide an opportunity for the tech companies to improve and enhance their offerings

NASDAQ:NVDANYSE:CHPTNASDAQ:CRWD
Read 3 High-Profile Tech Upgrades Moving The Market Now
Korn Ferry Goes On Break-Out Alert
June 22, 2021 7:00 AM ET

Korn Ferry Goes On Break-Out Alert

Thomas Hughes

The fiscal Q4 results from Korn Ferry (NYSE: KFY) prove the health of the labor market even if the data doesn't. Not to say the data doesn't show strong labor market conditions, only that there are a large number of lingering unemployed persons in a market apparently flush with positions.

NYSE:KFY
Read Korn Ferry Goes On Break-Out Alert
North American Construction Group Is A Real Asset In Times Like These
June 22, 2021 4:00 AM ET

North American Construction Group Is A Real Asset In Times Like These

Thomas Hughes

With inflation on the rise and questions about what to do next in the air, it's time once again to turn towards real assets like North American Construction Group (NYSE: NOA).

NYSE:NOA
Read North American Construction Group Is A Real Asset In Times Like These
Plug Power Charges Higher On Expansion Plans
June 21, 2021 11:00 PM ET

Plug Power Charges Higher On Expansion Plans

Thomas Hughes

Plug Power (NASDAQ: PLUG) just reported its fiscal Q1 results reaffirming its position as the leader in hydrogen fuel cell technology. While most of the market has been focused on electrification

NASDAQ:PLUG
Read Plug Power Charges Higher On Expansion Plans
The Hershey Company A Favorite But Wait To Buy More 
June 21, 2021 9:00 AM ET

The Hershey Company A Favorite But Wait To Buy More 

Thomas Hughes

Evercore ISI just released a note on consumer staples The Hershey Company (NYSE: HSY). Amongst a host of consumer staples companies with ever-improving fundamentals, Evercore says Hershey's gives the best execution and visibility for the sector.

NYSE:HSY
Read The Hershey Company A Favorite But Wait To Buy More 
Now It's Time To Buy These 3 IPOs
June 21, 2021 7:00 AM ET

Now It's Time To Buy These 3 IPOs

Thomas Hughes

Based on the chatter, these stocks should do well over the summer and this year. Based on the business models, fundamentals, and the outlook for earnings these stocks should do very well over the long term.

NASDAQ:FIGSNASDAQ:FLYWNASDAQ:DAWN
Read Now It's Time To Buy These 3 IPOs
MarketBeat Weekly: A Look Ahead 6-21
June 21, 2021 6:00 AM ET

MarketBeat Weekly: A Look Ahead 6-21

Thomas Hughes

 We are still deep in the throes of a secular bull market that has many years to run. The shift in FED policy is a sign the economy is healthy as much as anything else.

Read MarketBeat Weekly: A Look Ahead 6-21
Building Portfolio Value With Adobe
June 18, 2021 7:00 AM ET

Building Portfolio Value With Adobe

Thomas Hughes

Adobe (NASDAQ: ADBE) is one of those blue-chip, legacy tech companies that almost became irrelevant. Not to say that Adobe was ever really in danger of going out of business, only that it had reached the end of its visible growth cycle.

NASDAQ:ADBE
Read Building Portfolio Value With Adobe
Smith & Wesson Brands Fires Off A Dividend Increase 
June 18, 2021 6:00 AM ET

Smith & Wesson Brands Fires Off A Dividend Increase 

Thomas Hughes

To say that there are tailwinds driving Smith & Wesson Brands’ (NASDAQ: SWBI) business is a bit of an understatement. The first is America's re-infatuation with outdoor lifestyles, a re-infatuation sparked by the pandemic but no longer tied to it.

NASDAQ:SWBI
Read Smith & Wesson Brands Fires Off A Dividend Increase 
Commercial Metals Company Is Hidden Gold
June 18, 2021 3:03 AM ET

Commercial Metals Company Is Hidden Gold

Thomas Hughes

Not even a day after analyst Michael Glick of JPMorgan initiated coverage on the steel industry calling it a generational opportunity, Commercial Metals Company (NYSE: CMC) released its calendar Q2 earnings report

NYSE:CMC
Read Commercial Metals Company Is Hidden Gold
Jabil Inc Moves Higher On Rising Demand
June 17, 2021 9:00 AM ET

Jabil Inc Moves Higher On Rising Demand

Thomas Hughes

Jabil Inc is in a perfect position to accelerate revenue and earnings.

NYSE:JBL
Read Jabil Inc Moves Higher On Rising Demand
Lennar Corporation Is Building Value For Investors
June 17, 2021 8:00 AM ET

Lennar Corporation Is Building Value For Investors

Thomas Hughes

Rising lumber prices, rising mortgage rates, and tepid housing data cast a pall on shares of Lennar Corporation (NYSE: LEN) but that is turning into a buying opportunity.

NYSE:LEN
Read Lennar Corporation Is Building Value For Investors
These Hot Upgrades Are Moving Markets Now
June 17, 2021 4:00 AM ET

These Hot Upgrades Are Moving Markets Now

Thomas Hughes

It doesn't matter to us if the analyst’s consensus is bullish or bearish if there is a clear trend of bullishness or bearishness within the community. That said today's news includes upgrades on 3 stocks that we think have big gains ahead of them.

NYSE:FDXNASDAQ:COINNASDAQ:SOFI
Read These Hot Upgrades Are Moving Markets Now
La-Z-Boy Is Just Hitting Its Stride
June 16, 2021 7:00 AM ET

La-Z-Boy Is Just Hitting Its Stride

Thomas Hughes

La-Z-Boy (NYSE: LZB) and the furniture industry are among the most durable winners in the post-pandemic world. The industry suffered a blow when the pandemic struck but has since been able to bounce back very strongly.

NYSE:LZB
Read La-Z-Boy Is Just Hitting Its Stride
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