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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 85

Two More Reasons This Bear Market Isn’t Over 
June 29, 2022 12:00 AM ET

Two More Reasons This Bear Market Isn’t Over 

Thomas Hughes

Goldman Sachs analysts Ben Snyder issued a letter to investors echoing a sentiment we share. In his note, he says the 2023 outlook for S&P 500 (NYSEARCA: SPY) earnings is too optimistic given the headwinds facing the economy.

NYSEARCA:SPY
Read Two More Reasons This Bear Market Isn’t Over 
The Most Upgraded Stocks To Buy Before The 2nd Half Starts
June 28, 2022 9:00 AM ET

The Most Upgraded Stocks To Buy Before The 2nd Half Starts

Thomas Hughes

A single upgrade is rarely enough to move a stock price very much but a series of upgrades often are. That’s why we like to screen for the most upgraded stocks and what we’ve found today is interesting.

NYSE:FDXNYSE:DVNNYSE:OLLI
Read The Most Upgraded Stocks To Buy Before The 2nd Half Starts
Headwinds Sap Strength From Enerpac Tool Group 
June 28, 2022 8:00 AM ET

Headwinds Sap Strength From Enerpac Tool Group 

Thomas Hughes

Enerpac Tool Group (NYSE: EPAC) has been working very hard over the last few years to effect a transformation that appears to be paying off. The company has, despite the pandemic and its many hurdles, been able to grow in the wake of these efforts but there is a problem.

NYSE:EPAC
Read Headwinds Sap Strength From Enerpac Tool Group 
Is It Time To Pull The Trigger On Smith & Wesson Brands? 
June 28, 2022 7:00 AM ET

Is It Time To Pull The Trigger On Smith & Wesson Brands? 

Thomas Hughes

If the insider and institutional activity can be used as a guide, it is time to pull the trigger on Smith & Wesson Brands (NASDAQ: SWBI). While neither group has been aggressively buying the stock, buying the stock they are and we think this trend will continue.

NASDAQ:SWBI
Read Is It Time To Pull The Trigger On Smith & Wesson Brands? 
Inflation-Proof H.B. Fuller Is Ready To Rebound
June 27, 2022 10:00 AM ET

Inflation-Proof H.B. Fuller Is Ready To Rebound

Thomas Hughes

H.B. Fuller has proven to be inflation-proof if nothing else. The company manufactures adhesive chemicals for 3 end markets and the demand is high despite a series of pricing increases. The pricing increases are coupled with volume growth as well, not something we’re seeing in most reports, and has revenue and earnings at record levels.

NYSE:FUL
Read Inflation-Proof H.B. Fuller Is Ready To Rebound
The Institutions Started Dumping Accenture 
June 27, 2022 9:00 AM ET

The Institutions Started Dumping Accenture 

Thomas Hughes

Accenture’s (NYSE: ACN) FQ3 results and guidance were enough to spark a rebound in the stock but we aren’t betting heavily on it. The company’s guidance is good but the economic headwinds continue to mount and there are some fundamental issues with the market.

NYSE:ACN
Read The Institutions Started Dumping Accenture 
Range-Bound FedEx Is Moving Higher 
June 27, 2022 8:00 AM ET

Range-Bound FedEx Is Moving Higher 

Thomas Hughes

Shares of FedEx (NYSE: FDX) soared in the wake of the Q4 earnings and they look like they will move even higher but the gains will likely be capped at the all-time high. While the company’s guidance for fiscal 2023 is well above expectations the analysts are not so sure they can be reached.

NYSE:FDX
Read Range-Bound FedEx Is Moving Higher 
Is Carmax Stock Geared For Higher Prices? 
June 27, 2022 7:00 AM ET

Is Carmax Stock Geared For Higher Prices? 

Thomas Hughes

Carmax (NYSE: KMX) stock is geared for higher prices, the question is how high will they go? While the Q1 results were better than expected, several factors will weigh on share prices in future reporting periods.

NYSE:KMX
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It’s A Comfortable Time To Buy Steelcase 
June 23, 2022 8:00 AM ET

It’s A Comfortable Time To Buy Steelcase 

Thomas Hughes

Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and have it set up to outperform in 2022.

NYSE:SCS
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A Tasty Entry Point Into Darden Restaurants International 
June 23, 2022 7:25 AM ET

A Tasty Entry Point Into Darden Restaurants International 

Thomas Hughes

Darden Restaurants International (NYSE: DRI) and the entire sit-down restaurant industry have had a hard time with the reopening recovery. Not only did stay-at-home trends and social distancing keep traffic away longer than with other industries but rising costs and labor shortages cut deeply into the top and bottom-line results.

NYSE:DRI
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Korn Ferry Is A Good Buy For The Recession And Beyond 
June 22, 2022 7:02 AM ET

Korn Ferry Is A Good Buy For The Recession And Beyond 

Thomas Hughes

Korn Ferry (NYSE: KFY) is living proof that labor trends are strong and supported by robust tailwinds. The company’s positioning as an outsourcing/consulting/hiring firm has it well-positioned to benefit from these trends.

NYSE:KFY
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The Rebound In Winnabego Is On 
June 22, 2022 7:00 AM ET

The Rebound In Winnabego Is On 

Thomas Hughes

Whether you believe a recession is coming is irrelevant, at least in the case of Winnebago (NYSE: WGO). The company’s branding, quality, and industry trends have it on a path of outperformance that could easily last into the end of 2023.

NYSE:WGO
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This Still Isn’t A Buyable Bottom For Stocks 
June 21, 2022 6:05 AM ET

This Still Isn’t A Buyable Bottom For Stocks 

Thomas Hughes

Equities began the week with a strong bounce and the S&P 500 (NYSEARCA: SPY) gained more than 2.6% by midday. As strong as the bounce looks, however, we still don’t think this is the buyable bottom. While there is some indication that a bottom may form during the Q2 reporting season that season is still a few weeks away and there is great risk in the outlook.

NYSEARCA:SPY
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ABM Industries, A Clean Play For Dirty Economic Times 
June 21, 2022 6:05 AM ET

ABM Industries, A Clean Play For Dirty Economic Times 

Thomas Hughes

ABM Industries (NYSE: ABM) is a ho-hum name among stocks but one of the cleanest plays for these dirty economic times. The company provides a variety of facility solutions that include janitorial, electrical, custodial, and groundskeeping among others, services that should remain in high demand despite the economic uncertainty.

NYSE:ABMNASDAQ:SRCLNASDAQ:CTAS
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Don’t Get Too Bullish On Lennar Even Though It’s A Good Buy 
June 21, 2022 4:05 AM ET

Don’t Get Too Bullish On Lennar Even Though It’s A Good Buy 

Thomas Hughes

Lennar (NYSE: LEN) reported a fantastic 2nd quarter but there are signs with the report that makes us think we’ve reached a peak in the housing market. The company’s New Orders and Backlog suggest that not only are sales slowing under the weight of rising prices and higher interest rates but the company’s ability to meet the demand is also flagging.

NYSE:LEN
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Two Defensive Stocks To Get Aggressive With 
June 21, 2022 4:05 AM ET

Two Defensive Stocks To Get Aggressive With 

Thomas Hughes

There is so much uncertainty in the air the only thing we can be certain of is the economic conditions will not be the same this fall as they were last fall. If supply chain improvements materialize if inflation gets under control if job growth continues the market will rebound and end the year at or above where it began in 2022.

NYSEARCA:SPYNYSE:KNYSE:CHD
Read Two Defensive Stocks To Get Aggressive With 
Cracks Form In Adobe’s Growth Outlook
June 21, 2022 2:00 AM ET

Cracks Form In Adobe’s Growth Outlook

Thomas Hughes

The 27 analysts covering Adobe (NASDAQ: ADBE) still rate it a solid Buy but we don't think now is the time to start buying. While the Buy rating has held firm over the last year the Marketbeat.com consensus price target is slipping.

NASDAQ:ADBE
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Two High Yields The Insiders Are Buying 
June 21, 2022 1:00 AM ET

Two High Yields The Insiders Are Buying 

Thomas Hughes

The market has been in a major correction driven by mounting fear of recession, margin compression, and earnings growth slowdown but, in many cases, the baby has been thrown out with the bathwater.

NYSE:XRXNASDAQ:BBY
Read Two High Yields The Insiders Are Buying 
What To Buy Before The Q2 Earnings Season Kicks Off 
June 21, 2022 12:00 AM ET

What To Buy Before The Q2 Earnings Season Kicks Off 

Thomas Hughes

The outlook for the Q2 earnings reporting season is about as cloudy as it could be. Between uncertain supply chain improvement, wildly out-of-control inflation, rising energy prices, and an aggressive FOMC there is a real chance the season could be a bloodbath. Within

NYSE:XOMNYSE:CVXNYSE:DVN
Read What To Buy Before The Q2 Earnings Season Kicks Off 
Target Is The Most Downgraded Stock You Can Buy Now 
June 21, 2022 12:00 AM ET

Target Is The Most Downgraded Stock You Can Buy Now 

Thomas Hughes

When Target (NYSE: TGT) warned the market its Q2 earnings could fall short it was dire news for the market. The idea that inventories were bloating, sales were slowing, and a new era of discounting is upon us can only mean one thing; tighter margins.

NYSE:TGT
Read Target Is The Most Downgraded Stock You Can Buy Now 
Ride Out The Recession With These Dividend Kings 
June 18, 2022 1:00 AM ET

Ride Out The Recession With These Dividend Kings 

Thomas Hughes

Recession or not, Dividend Kings have a proven track record of success that includes over 50 years of consecutive distribution increases. This tells us management has the foresight to run their companies profitably in both good times and bad. The stocks on our list today are not only Dividend Kings but also Consumer Staples, the sector we most want to be in during an economic downturn.

NYSE:PGNYSE:HRL
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The Analysts Upgrade… Retail Stocks? 
June 17, 2022 12:00 AM ET

The Analysts Upgrade… Retail Stocks? 

Thomas Hughes

There is carnage in the retail sector to be sure but not all within it are suffering. Be it branding, positioning, DTC sales, or a combination of all three some in the retail world are set up to outperform in the coming year. The three stocks we’re focused on today have all recently reported earnings, all beaten their expectations, and all are getting attention from the analysts.

NYSE:DGNASDAQ:AZONASDAQ:ULTA
Read The Analysts Upgrade… Retail Stocks? 
The Q2 Earnings Season Could Be A Bloodbath 
June 16, 2022 9:00 AM ET

The Q2 Earnings Season Could Be A Bloodbath 

Thomas Hughes

If the latest news from Revlon (NYSE: REV) is any indication of what to expect from the Q2 earnings reporting season we just got really scared. We’ve been worried about the season for a number of reasons that all come down to earnings.

NYSEARCA:SPY
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Commercial Metals Company Is Ready To Rebound 
June 16, 2022 7:00 AM ET

Commercial Metals Company Is Ready To Rebound 

Thomas Hughes

Commercial Metals Company (NYSE: CMC) was not immune to the correction that swept the market this year. A mounting fear of slowing business, tightening margins, and earnings weakness drove shares to a 25% decline but that move is over.

NYSE:CMC
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