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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 88

Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices 
May 27, 2022 7:00 AM ET

Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices 

Thomas Hughes

Hibbet, Inc (NASDAQ: HIBB) shares are pulling back nearly 10% in premarket action after what we consider to be a rosy report. While the Q1 results are mixed and earnings are below expectations the guidance is positive and accompanied by some news we (and the market) want to hear.

NASDAQ:HIBB
Read Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices 
Is RBC Bearings Rolling Into A Reversal?
May 27, 2022 1:00 AM ET

Is RBC Bearings Rolling Into A Reversal?

Thomas Hughes

RBC Bearings (NASDAQ: ROLL) is not a large company but its FQ4 results are among the most important at this stage in the earnings cycle. The company makes ball bearings and ball bearing components which isn’t very exciting until you think about all the applications for bearings.

NYSE:ROLL
Read Is RBC Bearings Rolling Into A Reversal?
Genesco Pops On Earnings But Don’t Expect A Rally 
May 26, 2022 9:00 AM ET

Genesco Pops On Earnings But Don’t Expect A Rally 

Thomas Hughes

Genesco, Inc (NYSE: GCO), owner of brands like Journeys and Schuh, has proven its place in post-pandemic retail. The company’s brand position and omnichannel offering have it set up to outperform many of its mall-based competitors but there is a problem for the market.

NYSE:GCO
Read Genesco Pops On Earnings But Don’t Expect A Rally 
The Insiders Are Selling Movado Group, But You Shouldn’t 
May 26, 2022 8:00 AM ET

The Insiders Are Selling Movado Group, But You Shouldn’t 

Thomas Hughes

The insiders have been selling shares of Movado Group (NYSE: MOV) but so what? The selling has been very light and they still own more than 28% of the company so there is no red flag to worry about. Instead, focus on the institutions and their activity because it has been bullish.

NYSE:MOV
Read The Insiders Are Selling Movado Group, But You Shouldn’t 
Beware The Rebound In Retail Stocks 
May 26, 2022 7:00 AM ET

Beware The Rebound In Retail Stocks 

Thomas Hughes

The Retail Sector (NYSEARCA: XRT) is rebounding but we don’t think investors should cheer too loudly. The move is driven by the combination of oversold markets and mixed results and we don’t see it going very high. While the XRT Retail Sector ETF is bouncing from a technical support target but that target is a weak one and there is strong resistance ahead.

NYSEARCA:XRT
Read Beware The Rebound In Retail Stocks 
Short-Covering Begins In Big Lots 
May 25, 2022 10:00 AM ET

Short-Covering Begins In Big Lots 

Thomas Hughes

We were pleasantly surprised to see shares of Big Lots (NYSE: BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts' sentiment, fear of slowing sales, and an ever-growing short interest that reached lofty levels above 25% in the weeks ahead of the Q2 report.

NYSE:BIG
Read Short-Covering Begins In Big Lots 
Institutions Ring The Register On Toll Brothers Stock
May 25, 2022 9:00 AM ET

Institutions Ring The Register On Toll Brothers Stock

Thomas Hughes

The institutions have been net-sellers of Toll Brothers (NYSE: TOL) stock for the last 4 quarters and their activity reached a peak in Q2 2022. The institutions sold more than $0.500 billion worth of the stock in Q2, more than the previous two quarters combined, and helped to drive the price action down to the lowest levels in almost 18 months.

NYSE:TOL
Read Institutions Ring The Register On Toll Brothers Stock
Agilent Technologies Is Bottoming But Don’t Buy It Yet
May 25, 2022 9:00 AM ET

Agilent Technologies Is Bottoming But Don’t Buy It Yet

Thomas Hughes

Agilent Technologies (NASDAQ: A) had a good quarter in FQ2, and calendar Q1, but there is one glaring problem with the report.

NASDAQ:A
Read Agilent Technologies Is Bottoming But Don’t Buy It Yet
Dick’s Sporting Goods Falls Flat On Weak Guidance 
May 25, 2022 7:00 AM ET

Dick’s Sporting Goods Falls Flat On Weak Guidance 

Thomas Hughes

Dick’s Sporting Goods (NYSE: DKS) is a great example of a phenomenon we are observing in the market today. The company once supported and inflated by stimulus tailwinds and stay-at-home spending is deflating in the absence of the said stimulus.

NYSE:DKS
Read Dick’s Sporting Goods Falls Flat On Weak Guidance 
Two Retailers, One To Buy And One To Avoid 
May 25, 2022 4:05 AM ET

Two Retailers, One To Buy And One To Avoid 

Thomas Hughes

Retail, especially apparel, is one of the hardest sectors to invest in because it can be, in many cases, among the hardest industries to profit in and that is increasingly true in the post-pandemic environment. While Abercrombie & Fitch (NYSE: ANF) has the brand recognition it needs to succeed, it doesn’t resonate with customers the way Ralph Lauren (NYSE: RL) does and there is a bigger problem.

NYSE:RLNYSE:ANF
Read Two Retailers, One To Buy And One To Avoid 
Zoom Video Communications Is Primed To Launch Higher 
May 24, 2022 9:00 AM ET

Zoom Video Communications Is Primed To Launch Higher 

Thomas Hughes

Shares of Zoom Video Communication (NASDAQ: ZM) have done little more than move lower since hitting the pandemic peak way back in 2020 but the selling may be over. The stock is finally trading at a more reasonable if still above-the-market-average 25X its earnings and outperforming at all levels.

NASDAQ:ZM
Read Zoom Video Communications Is Primed To Launch Higher 
Institutions Buy The Dip In Petco Health and Wellness Company 
May 24, 2022 8:00 AM ET

Institutions Buy The Dip In Petco Health and Wellness Company 

Thomas Hughes

The price action in Petco Health and Wellness Company (NASDAQ: WOOF) has been ratcheting lower ever since the IPO two years ago. The takeaway, however, is that institutional activity has been net bullish the entire time and the activity is picking up once again.

NASDAQ:WOOF
Read Institutions Buy The Dip In Petco Health and Wellness Company 
Autozone Edges Past Advanced Auto Parts In Q1 2022
May 24, 2022 7:00 AM ET

Autozone Edges Past Advanced Auto Parts In Q1 2022

Thomas Hughes

With the average age of U.S. cars on the road reaching new highs, it is no surprise that auto parts dealers are doing well. While both Advance Autoparts (NYSE: AAP) and Autozone (NYSE: AZO) put in strong quarters, the results make it clear which is the better buy.

NYSE:AZONYSE:AAP
Read Autozone Edges Past Advanced Auto Parts In Q1 2022
Two Stocks You Shouldn’t Buy On Post-Earnings Weakness 
May 24, 2022 4:05 AM ET

Two Stocks You Shouldn’t Buy On Post-Earnings Weakness 

Thomas Hughes

Price weakness, particularly post-earnings release price weakness in what is otherwise a good, healthy company is often a good time to buy stock. The problem is that all too often bottom-fishing turns into a loss that could have otherwise been avoided.

NYSE:DENASDAQ:ROST
Read Two Stocks You Shouldn’t Buy On Post-Earnings Weakness 
Stock Market Downgrades Are Dragging The S&P 500 Lower 
May 23, 2022 6:05 AM ET

Stock Market Downgrades Are Dragging The S&P 500 Lower 

Thomas Hughes

It is no secret that equities have increased pressure due to tightening margins. While the split between companies is about 50/50 in terms of how many S&P 500 companies (NYSEARCA: SPY) could widen their margin the net result was 30 basis points of shrinkage.

NYSEARCA:SPY
Read Stock Market Downgrades Are Dragging The S&P 500 Lower 
Palo Alto Networks Bottoms But A Rebound May Not Be Coming 
May 23, 2022 6:05 AM ET

Palo Alto Networks Bottoms But A Rebound May Not Be Coming 

Thomas Hughes

Palo Alto Networks (NASDAQ: PANW) had such a good quarter the results are lifting the entire cybersecurity industry. The problem for us is the results aren’t that strong, the growth is largely priced into the market, and trading at over 65X its earnings it is one expensive stock to own.

NASDAQ:PANW
Read Palo Alto Networks Bottoms But A Rebound May Not Be Coming 
The Institutions Go Long Saia, Inc In Q2 
May 23, 2022 6:00 AM ET

The Institutions Go Long Saia, Inc In Q2 

Thomas Hughes

The institutional activity in Saia, Inc (NASDAQ: SAIA) has been vigorous over the past year but largely balanced between the bulls and the bears. The net of activity is $0.07 billion in outflows which is bearish but only mildly so. The takeaway is that institutional activity is running near 100% for this company and has stayed that way for quite some time.

NASDAQ:SAIA
Read The Institutions Go Long Saia, Inc In Q2 
3 Retailers That Defied First Quarter Headwinds 
May 20, 2022 6:00 AM ET

3 Retailers That Defied First Quarter Headwinds 

Thomas Hughes

The takeaway from Q1 earnings for the retailers (NYSEARCA: XRT) is slowing growth and margin compression. Those factors have the sector down across verticals but not all retailers are feeling the same pain.

FCNYSE:FLNYSE:VFCTSE:GOOS
Read 3 Retailers That Defied First Quarter Headwinds 
Lowe’s Companies Has Not Bottomed 
May 20, 2022 1:00 AM ET

Lowe’s Companies Has Not Bottomed 

Thomas Hughes

Lowe’s (NYSE: LOW) moved lower on the heels of its Q1 earnings report and we don’t think the move is over. While price action is rebounding the day after the report was released we are viewing it as a dead cat bounce, at least for now.

NYSE:LOW
Read Lowe’s Companies Has Not Bottomed 
The Institutional Tide Has Turned For Cisco Systems 
May 19, 2022 10:00 AM ET

The Institutional Tide Has Turned For Cisco Systems 

Thomas Hughes

After 10 quarters of net buying, the institutional tide driving Cisco Systems' (NASDAQ: CSCO) price action has turned. The institutions have been, so far in Q2, net-sellers and responsible in large part for the recent decline in share prices.

NASDAQ:CSCO
Read The Institutional Tide Has Turned For Cisco Systems 
Don’t Bet On Cheaper Oil, Not Yet Anway 
May 19, 2022 8:00 AM ET

Don’t Bet On Cheaper Oil, Not Yet Anway 

Thomas Hughes

The price for WTI (NYSE: USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top has been reached in this market.

NYSE:USO
Read Don’t Bet On Cheaper Oil, Not Yet Anway 
A Reversal In The S&P 500 Is Confirmed 
May 19, 2022 6:00 AM ET

A Reversal In The S&P 500 Is Confirmed 

Thomas Hughes

We recently saw a headline that made us ask “what?!?” because it said an uptrend in the S&P 500 (NYSEARCA: SPY) had been confirmed. Our take on the market is that not only has the near-term downtrend in the S&P 500 been confirmed but that a major reversal in the market has been confirmed as well.

NYSEARCA:SPY
Read A Reversal In The S&P 500 Is Confirmed 
The TJX Companies: It’s Not All Doom And Gloom In Retail 
May 19, 2022 1:00 AM ET

The TJX Companies: It’s Not All Doom And Gloom In Retail 

Thomas Hughes

The TJX Companies (NYSE: TJX) proves that it is not all doom and gloom in the retail sector. While the front-line retailers like Target and Walmart are struggling with growth and margins the off-price retailers like The TJX Companies are coming into their own.

NYSE:TJX
Read The TJX Companies: It’s Not All Doom And Gloom In Retail 
Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15% 
May 18, 2022 9:00 AM ET

Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15% 

Thomas Hughes

Shoe Carnival (NASDAQ: SCVL) had a tough quarter in Q1 and shares are moving lower because of it. The problem is that revenue, margin, and earnings all fell relative to last year but there is a mitigating factor we think readers should be aware of.

NASDAQ:SCVL
Read Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15% 
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