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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 87

Don’t Rush Out To Buy G-III Apparel 
June 7, 2022 6:30 AM ET

Don’t Rush Out To Buy G-III Apparel 

Thomas Hughes

G-III Apparel (NASDAQ: GIII) had a great Q1 but we see enormous risk in the outlook. While the company is well-positioned as a DTC and eCommerce merchant it is also heavily exposed to the wholesale market. After Target’s recent warning, we see a very large chance that orders for wholesale items will slow, and that will have an impact on both the top and bottom lines.

NASDAQ:GIII
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Target’s Warning Is Dire News For The S&P 500 
June 7, 2022 6:00 AM ET

Target’s Warning Is Dire News For The S&P 500 

Thomas Hughes

After, oh, a year or so of aggressively working to mitigate supply chain and inventory problems Target (NYSE: TGT) has a new problem. The company is now sitting on record levels of inventory and it is growing which has led the company to work aggressively in the opposite direction.

NYSE:TGT
Read Target’s Warning Is Dire News For The S&P 500 
Two Consumer Staples With Bright Outlook For Dark Times 
June 7, 2022 3:00 AM ET

Two Consumer Staples With Bright Outlook For Dark Times 

Thomas Hughes

We like the Consumer Staples sector there is no secret about that. The sector offers steady revenue and earnings growth, reliable dividends, and very often distribution growth that comes with decades of history to back it up. In today’s times, with inflation on the rise and the threat of recession growing, these kinds of stocks are more attractive than ever and are getting attention from analysts.

NYSE:KONYSE:KMB
Read Two Consumer Staples With Bright Outlook For Dark Times 
Ryder System, Inc: The Most Interesting Play In Logistics 
June 6, 2022 9:00 AM ET

Ryder System, Inc: The Most Interesting Play In Logistics 

Thomas Hughes

Ryder System, Inc (NYSE: R) may be the most interesting plays in logistics today. Not only is the company operating in what we view as the three most important segments of the industry but it is grossly undervalued and pays a high yield for the industry.

NYSE:R
Read Ryder System, Inc: The Most Interesting Play In Logistics 
This Isn’t A Buyable Bottom For Stocks 
June 6, 2022 6:00 AM ET

This Isn’t A Buyable Bottom For Stocks 

Thomas Hughes

Equity markets hit a bottom a few weeks ago but we would not call it a buyable bottom. There are numerous risks facing today's market that have so clouded the outlook that buying “the bottom” now is a pure gamble.

NYSEARCA:SPY
Read This Isn’t A Buyable Bottom For Stocks 
Insiders And Institutions Drive Consolidated Edison To New Highs 
June 5, 2022 11:00 PM ET

Insiders And Institutions Drive Consolidated Edison To New Highs 

Thomas Hughes

The insider activity in Consolidated Edison (NYSE: ED) is mixed to be sure but, in our view, heavily tilted in favor of shareholders. While the net of activity is overwhelmingly bearish that is due to a single transaction. Director John McAvoy sold $6.327 million worth of the shares back in February but this is not the detail we are focused on.

NYSE:ED
Read Insiders And Institutions Drive Consolidated Edison To New Highs 
Don’t Bet On A Bounce For RH 
June 3, 2022 4:05 AM ET

Don’t Bet On A Bounce For RH 

Thomas Hughes

RH (NYSE: RH) was one of the first companies to warn the market about inflationary and supply chain hiccups and, as such, we expect to see give some of the earliest insight into what to expect over the summer. As dubious as the company’s bellwether status may be, the message we are getting from the report is not good.

NYSE:RH
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Hormel Foods Sends A Message To The Market 
June 3, 2022 12:00 AM ET

Hormel Foods Sends A Message To The Market 

Thomas Hughes

Hormel Foods (NYSE: HRL) did not have a bad quarter or even give poor guidance but the Q2 results are a message for the market. Not only is inflation cutting into volume sales and profits but even higher prices are on the way for US consumers.

NYSE:HRL
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PVH Corp. Looks Sharp For A Major Reversal 
June 2, 2022 9:00 AM ET

PVH Corp. Looks Sharp For A Major Reversal 

Thomas Hughes

We were not surprised to see PVH Corp. (NYSE: PVH) post strong results and guidance, not after competitor Ralph Lauren did the same. The two share a few traits common among today’s retail winners including brands that resonate, a focus on eCommerce, and DTC sales that are not tied to indoor malls.

NYSE:PVH
Read PVH Corp. Looks Sharp For A Major Reversal 
The Analysts Reel In Their Targets For NetApp
June 2, 2022 8:00 AM ET

The Analysts Reel In Their Targets For NetApp

Thomas Hughes

The analysts are reeling in their targets for NetApp (NASDAQ: NTAP) but the stock is still a buy. At least 5 of the 21 analysts covering the stock have come out in the wake of the FQ4 earnings report and they all include price target reductions.

NASDAQ:NTAP
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Don’t Get Gamed By Gamestop
June 2, 2022 7:00 AM ET

Don’t Get Gamed By Gamestop

Thomas Hughes

The only thing we can guarantee about the Gamestop (NYSE: GME) market is that the wild swings in volatility are not over. While the company may be working hard on improving itself, there is still no fundamental reason to own the stock and Wall Street’s interest is very limited.

NYSE:GME
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Don’t Bet On HP Inc Setting A New High 
June 2, 2022 12:00 AM ET

Don’t Bet On HP Inc Setting A New High 

Thomas Hughes

HP Inc (NYSE: HPQ) shares popped on the Q2 earnings report and are tickling a new all-time high but we aren’t betting on a breakout. While the news is good and the outlook favorable there are some underlying conditions in the market that we see capping gains, at least over the summer.

NYSE:HPQ
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The Analysts Like The Fit Of Victoria’s Secret & Co 
June 1, 2022 10:00 AM ET

The Analysts Like The Fit Of Victoria’s Secret & Co 

Thomas Hughes

Between the two of them, the analysts and the institutions have put a floor in shares of Victoria’s Secret & Co (NYSE: VSCO). While the Insidertrades.com consensus price target is falling and the institutional activity slacking both are bullish and the outlook is positive

NYSE:VSCO
Read The Analysts Like The Fit Of Victoria’s Secret & Co 
Ambarella Is A Buy For Patient Investors 
June 1, 2022 8:30 AM ET

Ambarella Is A Buy For Patient Investors 

Thomas Hughes

Ambarella’s (NASDAQ: AMBA) shares have been under intense pressure over the past few quarters but we think the bottom is in. The stock price was under pressure due to fears of slowing growth, the impact of the Omicron variant, supply chain issues, and lockdowns in China but it looks like the worst is behind the company now.

NASDAQ:AMBA
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Don’t Bet On A Big Rebound For Salesforce.com Stock 
June 1, 2022 7:00 AM ET

Don’t Bet On A Big Rebound For Salesforce.com Stock 

Thomas Hughes

Salesforce.com (NASDAQ: CRM) had a great quarter and is on track to continue growing strongly at scale but there are several factors that we think will keep the price action from rebounding very strongly. The bottom line is this highly-valued company’s growth is not only slowing but comps are becoming increasingly difficult and there are no capital returns to lure new investors to the table.

NASDAQ:CRM
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There Are Cracks In The Paint At Sherwin-Williams 
June 1, 2022 12:00 AM ET

There Are Cracks In The Paint At Sherwin-Williams 

Thomas Hughes

The analyst's sentiment for Sherwin-Williams (NYSE: SHW) has been slipping over the past few months and now the downtrend is gaining momentum. Analysts at Credit Suisse downgraded the stock to sell citing a number of factors that amount to one thing

NYSE:SHW
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Three Beaten Down Stocks The Insiders Are Buying 
May 31, 2022 10:00 AM ET

Three Beaten Down Stocks The Insiders Are Buying 

Thomas Hughes

The market has been in a correction for months with some stocks down more than 50% from their post-pandemic highs and the insiders have started scooping up shares. The companies we are highlighting today are not only deeply discounted but they are growing within high-demand markets that are well-supported by secular trends.

NASDAQ:YELLNASDAQ:CROXNASDAQ:ARHS
Read Three Beaten Down Stocks The Insiders Are Buying 
It’s Time To Nibble On These Two Recent IPOs 
May 31, 2022 8:00 AM ET

It’s Time To Nibble On These Two Recent IPOs 

Thomas Hughes

It’s hard to know what to buy and what to sell with market conditions the way they are but it looks like a good time to start nibbling on these two recent IPOs. Bausch + Lomb (NYSE: BLCO) and PepGen (NASDAQ: PEPG) both IPOd in 2022 and have seen their shares plummet in the wake of the offering, not because they are poor companies or bad investments but simply because the market conditions changed.

NYSE:BLCONASDAQ:PEPG
Read It’s Time To Nibble On These Two Recent IPOs 
Oil Markets On Track For New All-Time Highs
May 31, 2022 7:00 AM ET

Oil Markets On Track For New All-Time Highs

Thomas Hughes

The case for higher Oil (NYSEARCA: USO) prices continues to strengthen and is now pushing WTI oil above the $120 mark. The latest news includes news from the EU of a partial ban on Russian imports. The ban will include most oil and gas products and would be put into place by the end of the year.

NYSE:OXYNYSE:COPNYSE:CVX
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Ulta Beauty Had One Beautiful Quarter 
May 31, 2022 3:00 AM ET

Ulta Beauty Had One Beautiful Quarter 

Thomas Hughes

Ulta Beauty (NASDAQ: ULTA) highlights the dichotomy of mall-based retailers; either you have it or you don’t. When it comes to what the public wants, the FQ1 results prove that Ulta definitely has what the consumers want. The company’s results were so far above the consensus as to be game-changing and that is seen in the analyst's activity as well.

NASDAQ:ULTA
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Broadcom Is Primed To Hit A New All-Time High 
May 31, 2022 3:00 AM ET

Broadcom Is Primed To Hit A New All-Time High 

Thomas Hughes

Price action in Broadcom (NASDAQ: AVGO) experienced significant downward pressure over the past two quarters but we think those days are behind the stock. The downward pressure is due in large part to institutional selling that we see ending now the Q2 results are in the bag.

NASDAQ:AVGO
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Workday Gets Worked Over By The Analysts 
May 31, 2022 3:00 AM ET

Workday Gets Worked Over By The Analysts 

Thomas Hughes

Workday (NASDAQ: WDAY) is yet another example of a solid yet high-flying company getting its target reeled in. the company did not produce a bad quarter but the Q1 results and outlook suggest the company’s growth and earnings are more than priced in

NASDAQ:WDAY
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There’s An Institutional Bottom In Autodesk
May 31, 2022 12:00 AM ET

There’s An Institutional Bottom In Autodesk

Thomas Hughes

The price action in Autodesk (NASDAQ: ADSK) has put in a bottom but we don’t think investors should rusk into the stock. While the Q1 results were better than expected and the guidance favorable the margin of outperformance was tepid and the guidance in line with consensus estimates.

NASDAQ:ADSK
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These Are the Three (3) Most Upgraded Stocks For Q2
May 28, 2022 12:00 AM ET

These Are the Three (3) Most Upgraded Stocks For Q2

Thomas Hughes

When we began working on this post the idea was to write up the three most upgraded stocks so far in Q2. Things changed, however, when we discovered that the three most upgraded stocks in Q2 are all energy stocks.

NYSE:XOMNYSE:TECKNASDAQ:CI
Read These Are the Three (3) Most Upgraded Stocks For Q2
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