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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 89

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
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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
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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
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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
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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
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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
Read A Tasty Entry Point Into Darden Restaurants International 
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
Read Korn Ferry Is A Good Buy For The Recession And Beyond 
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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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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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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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 
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