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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 84

Is Roblox A Good Play For The 2nd Half
July 7, 2022 9:15 AM ET

Is Roblox A Good Play For The 2nd Half

Thomas Hughes

We recently saw some coverage of Roblox (NASDAQ: RBLX) that led us to believe it could be a great play for the 2nd half. The story suggested a recent pop in share prices was due to increased retail chatter that may lead to a short-squeeze, it even suggested Roblox could be a meme stock but we don't think so.

NASDAQ:RBLX
Read Is Roblox A Good Play For The 2nd Half
Helen Of Troy Is What We Fear Most About Q2 Earnings 
July 7, 2022 7:00 AM ET

Helen Of Troy Is What We Fear Most About Q2 Earnings 

Thomas Hughes

Helen of Troy (NASDAQ: HELE) had a strong quarter in Q2 but the results and guidance are what we fear most about the Q2 earnings reporting cycle. Not only were the results boosted by businesses and consumers trying to front-run inflation but the guidance is terrifying.

NASDAQ:HELE
Read Helen Of Troy Is What We Fear Most About Q2 Earnings 
Will Samsung Results Put A Bottom In Chip Stocks?
July 7, 2022 7:00 AM ET

Will Samsung Results Put A Bottom In Chip Stocks?

Thomas Hughes

Samsung (OTC: SSNLF) reported a mixed quarter but details within the report are lifting the chip sector. While the news may have sparked a near-term bottom we’re not sure it will stick. The company reported a stronger-than-expected demand for memory chips which is good news but the demand was limited to cloud and server applications.

NASDAQ:MU
Read Will Samsung Results Put A Bottom In Chip Stocks?
The Sell-Off In Kornit Digital May Set Up A 2nd Half Opportunity
July 7, 2022 12:00 AM ET

The Sell-Off In Kornit Digital May Set Up A 2nd Half Opportunity

Thomas Hughes

Kornit (NASDAQ: KRNT) appeared to be perfectly set up for the times but the times changed too quickly and that story is played. The company manufactures, markets, and services a range of digital printing applications for the textile and packaging industry.

NASDAQ:KRNT
Read The Sell-Off In Kornit Digital May Set Up A 2nd Half Opportunity
Recession Resistant Grocery Outlet Holding Corp Quietly Sets New High
July 6, 2022 9:00 AM ET

Recession Resistant Grocery Outlet Holding Corp Quietly Sets New High

Thomas Hughes

If you are waiting for a pullback in Grocery Outlet Holding Corp (NASDAQ: GO) you may be in for a disappointment. While the stock is trading at a very high valuation for today’s times it is among the most perfectly positioned growth stocks we can think of.

NASDAQ:GO
Read Recession Resistant Grocery Outlet Holding Corp Quietly Sets New High
It’s Not Too Late For These Undervalued Energy Stocks 
July 6, 2022 8:00 AM ET

It’s Not Too Late For These Undervalued Energy Stocks 

Thomas Hughes

The energy market has been in a correction along with the broader market-driven by fears of recession. While the fear of recession is not misplaced, the idea that oil prices are going to fall back anywhere the prepandemic level, or that demand will take a deep dive, is.

TSE:SUNYSE:VLO
Read It’s Not Too Late For These Undervalued Energy Stocks 
Three Cheap Stocks That Just Got Upgraded 
July 6, 2022 7:00 AM ET

Three Cheap Stocks That Just Got Upgraded 

Thomas Hughes

Now that the S&P 500 (NYSEARCA: SPY) has corrected about 20% the stock market is starting to look cheap again. While we think the broad market still has a ways to go before hitting bottom there are some stocks and sectors garnering attention from the analyst.

NYSE:RKTNYSE:AOSNASDAQ:MERC
Read Three Cheap Stocks That Just Got Upgraded 
Get Defensive With These Three Upgrades 
July 6, 2022 1:00 AM ET

Get Defensive With These Three Upgrades 

Thomas Hughes

Oh, the times, they are a-changing. Not only is the outlook for S&P 500 earnings growth diminishing but the analyst are becoming more defensive by the day. The latest round of commentaries contains no few downgrades and price target reductions but there are some rays of light for investors

NYSE:DGNYSE:ARNASDAQ:CROX
Read Get Defensive With These Three Upgrades 
The Institutions Get Comfortable With The Lovesac Company
July 5, 2022 10:00 AM ET

The Institutions Get Comfortable With The Lovesac Company

Thomas Hughes

The institutions bet big on The Lovesac Company (NASDAQ: LOVE) late in 2021 and they’ve double-down on their holdings in the time since. When we last reported on the institutional activity, the institutions had been net buyers for 8 consecutive quarters and held about 96% of the stock.

NASDAQ:LOVE
Read The Institutions Get Comfortable With The Lovesac Company
Basset Furniture Quietly Proves Its Value 
July 5, 2022 7:00 AM ET

Basset Furniture Quietly Proves Its Value 

Thomas Hughes

The entire furniture industry has been in a correction and Basset Furniture (NASDAQ: BSET) was not immune. The correction was driven by historically high valuations, fear of slowing growth, peak-rebound, and a round of COVID-related shutdowns that had manufacturing in key hubs at a standstill.

NASDAQ:BSET
Read Basset Furniture Quietly Proves Its Value 
Earnings Revisions: Why You Shouldn’t Count On A Rebound In Stocks ... Yet
July 5, 2022 6:00 AM ET

Earnings Revisions: Why You Shouldn’t Count On A Rebound In Stocks ... Yet

Thomas Hughes

The only thing certain about the S&P 500 (NYSEARCA: SPY) is that its value is based on the expectation of future earnings. In that light, an increase in the expectations for earnings should lift the market and a decline should make it fall.

NYSEARCA:SPY
Read Earnings Revisions: Why You Shouldn’t Count On A Rebound In Stocks ... Yet
PetVivo Holdings Is A Growth Stock Worth a Look
July 5, 2022 2:00 AM ET

PetVivo Holdings Is A Growth Stock Worth a Look

Thomas Hughes

The market conditions aren’t screaming “buy growth stocks now” at us but that doesn’t mean all growth stocks, like PetVivo (OTCMKTS: PETV), are or will suffer the same afflictions. PetVivo caught our attention because of two things; its market and a new deal to market its lead therapy.

OTCMKTS:PETV
Read PetVivo Holdings Is A Growth Stock Worth a Look
Two Pet Health Stocks To Watch And One To Avoid 
July 5, 2022 2:00 AM ET

Two Pet Health Stocks To Watch And One To Avoid 

Thomas Hughes

Growth stocks have been getting pummeled this year due to fears of slowing growth, tightening margins, and recession but in some cases, the baby is getting tossed out with the bathwater. In this case, it’s more like the puppies and kittens are getting tossed out with the bathwater but the meaning is the same.

NASDAQ:WOOFNASDAQ:CHWYNASDAQ:PETS
Read Two Pet Health Stocks To Watch And One To Avoid 
Three (3) Top-Rated Dividend Payers Worth Your Attention
July 5, 2022 1:00 AM ET

Three (3) Top-Rated Dividend Payers Worth Your Attention

Thomas Hughes

If you are positioning yourself for the second half of 2022 and for 2023 we urge quality over quantity. While not all segments and industries are in peril, it is also true that not all companies within well-positioned groups will do well.

NYSE:VACNASDAQ:IIPRNYSE:SHEL
Read Three (3) Top-Rated Dividend Payers Worth Your Attention
Institutional Support For KB Home Remains High 
July 5, 2022 12:00 AM ET

Institutional Support For KB Home Remains High 

Thomas Hughes

We highlighted KB Home (NYSE: KBH) earlier this year when it became apparent the institutions had put a bottom in the stock. While the market for KB Home has since moved down to a new low, the institutional support remains high and suggests a rebound is in the works.

NYSE:KBH
Read Institutional Support For KB Home Remains High 
Accolade Moves Higher But Growth Is Slowing 
July 1, 2022 7:01 AM ET

Accolade Moves Higher But Growth Is Slowing 

Thomas Hughes

Accolade (NASDAQ: ACCD) is certainly an interesting play on the health care space providing business and employee services geared toward helping clients navigate the cumbersome health benefits arena. The pandemic helped boost the company’s business and has on track to continue growing but there is a fly in the ointment.

NASDAQ:ACCD
Read Accolade Moves Higher But Growth Is Slowing 
RH Gives Good Reason To Get Defensive 
July 1, 2022 4:05 AM ET

RH Gives Good Reason To Get Defensive 

Thomas Hughes

RH (NYSE: RH) was one of the biggest winners from the pandemic boom and now it is one of the biggest losers of the pandemic bust. More importantly, because of when it reports in the reporting cycle, it has provided insight into the upcoming quarter and what to expect from guidance among S&P 500 companies.

NYSE:RH
Read RH Gives Good Reason To Get Defensive 
Acuity Brands, Inc Illuminates An Attractive Opportunity
June 30, 2022 6:30 AM ET

Acuity Brands, Inc Illuminates An Attractive Opportunity

Thomas Hughes

Acuity Brands (NASDAQ: AYI) has been in a downtrend for the last two quarters for no other reason than fear of slowing growth, tightening margins, and earnings weakness but those fears were overblown. The move downward was driven in large part by institutions that were selling heavily in the first quarter of the year

NASDAQ:AYI
Read Acuity Brands, Inc Illuminates An Attractive Opportunity
The Value Of High-Yielding Walgreens Boots Alliance Deepens
June 30, 2022 6:05 AM ET

The Value Of High-Yielding Walgreens Boots Alliance Deepens

Thomas Hughes

Walgreens Boots Alliance (NASDAQ: WBA) is one of our top picks for long-term oriented high-yield investors because of the turnaround story. The company has been working to realign itself for growth over the past few years and those efforts are working.

NASDAQ:WBA
Read The Value Of High-Yielding Walgreens Boots Alliance Deepens
Now Is The Time To Buy SGH 
June 30, 2022 4:05 AM ET

Now Is The Time To Buy SGH 

Thomas Hughes

SGH (NASDAQ: SGH) has been a smart buy for the last two years or so and now the value is as compelling as it has ever been. The company just released Q3 earnings to beat expectations, announced a major acquisition that should be immediately accretive, and yet shares fell sharply in the pre-opening action.

NASDAQ:SGH
Read Now Is The Time To Buy SGH 
It’s Time To Rotate Out Of McCormick & Company
June 30, 2022 12:00 AM ET

It’s Time To Rotate Out Of McCormick & Company

Thomas Hughes

McCormick & Company (NYSE: MKC) is a high-quality consumer staple stock and a healthy dividend payer so it should be a good defensive play for the times. The problem is that McCormick & Company is among the highest-valued consumer staples on the market and it pays one of the lowest dividends.

NYSE:MKC
Read It’s Time To Rotate Out Of McCormick & Company
Let General Mills Command A Position In Your Defensive Portfolio
June 29, 2022 9:00 AM ET

Let General Mills Command A Position In Your Defensive Portfolio

Thomas Hughes

We’ve been interested in General Mills (NYSE: GIS) for some time now and we couldn’t be happier with the FQ4 2022 results. The company not only beat on the top and bottom line but issued favorable guidance in the face of mounting economic headwinds

NYSE:GIS
Read Let General Mills Command A Position In Your Defensive Portfolio
Don’t Bet On A Rebound In Unifirst, Yet 
June 29, 2022 8:00 AM ET

Don’t Bet On A Rebound In Unifirst, Yet 

Thomas Hughes

Unifirst (NASDAQ: UNF) has been working hard to grow its business in an effort to compete more directly with uniform and business services company Cintas (NASDAQ: CTAS). Looking at the top line, those efforts are paying off but it is costing the company on the bottom line.

NASDAQ:UNFNASDAQ:CTAS
Read Don’t Bet On A Rebound In Unifirst, Yet 
Recession-Proof Patterson Companies Is A Steal 
June 29, 2022 7:00 AM ET

Recession-Proof Patterson Companies Is A Steal 

Thomas Hughes

Patterson Companies (NASDAQ: PDCO) has proven to be very resilient over the past few years both increasing its revenue and earnings power relative to the pre-pandemic period. The company is among the most perfectly positioned for the coming period as well, selling products, services, and technology to the dental and animal health care industries.

NASDAQ:PDCO
Read Recession-Proof Patterson Companies Is A Steal 
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