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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 89

Analog Devices Is Ready To Scale New Highs Despite Tech Wreck 
May 18, 2022 8:00 AM ET

Analog Devices Is Ready To Scale New Highs Despite Tech Wreck 

Thomas Hughes

While the broader tech sector is collapsing under the weight of inflation and the expectation for higher interest rates Analog Devices (NASDAQ: ADI) is quietly setting new records. The company has proven that demand for integrated circuit technology is still high and growing which is no recipe for lower share prices.

NASDAQ:ADI
Read Analog Devices Is Ready To Scale New Highs Despite Tech Wreck 
Target Follows Walmart Lower In A Downward Spiral Of Inflation
May 18, 2022 6:00 AM ET

Target Follows Walmart Lower In A Downward Spiral Of Inflation

Thomas Hughes

Target reported earnings and the news mirrors what we heard from Walmart. The company was able to sustain YOY growth but on the back of higher prices and yet inflation still took a big bite out of the bottom line. The news has the stock down a full 20% percent in premarket trading and it looks like even lower prices are on the way.

NYSE:TGT
Read Target Follows Walmart Lower In A Downward Spiral Of Inflation
The Weber, Inc Growth Story Goes Up In Smoke 
May 18, 2022 4:05 AM ET

The Weber, Inc Growth Story Goes Up In Smoke 

Thomas Hughes

There were great hopes for Weber, Inc (NYSE: WEBR) and the grilling industry in general but those hopes have gone up in smoke. While business is still good, growth is slowing under the influence of inflation, supply chain headwinds, and a lack of stimulus and shares are suffering for it.

NYSE:WEBR
Read The Weber, Inc Growth Story Goes Up In Smoke 
The Institutions Are Capping Gains In Take-Two Interactive
May 17, 2022 6:10 AM ET

The Institutions Are Capping Gains In Take-Two Interactive

Thomas Hughes

Take-Two Interactive (NASDAQ: TTWO) is a powerhouse in the gaming world and one that is about to grow with the incorporation of Zynga into the fold. The stock is rebounding strongly in the wake of the Q4 results but we aren’t buying into the move because the institutions have been capping gains in the stock.

NASDAQ:TTWO
Read The Institutions Are Capping Gains In Take-Two Interactive
Walmart’s “Everyday Low Prices” Gets Burned By Inflation 
May 17, 2022 6:05 AM ET

Walmart’s “Everyday Low Prices” Gets Burned By Inflation 

Thomas Hughes

Walmart (NYSE: WMT) has been one of the few retailers who haven’t leaned into pricing to boost its results but that may be about to change. The company’s strategy helped it sustain YOY revenue growth but at a very tepid rate while bottom-line results were eroded by inflation.

NYSE:WMT
Read Walmart’s “Everyday Low Prices” Gets Burned By Inflation 
Beware The Rebound In Home Depot 
May 17, 2022 4:05 AM ET

Beware The Rebound In Home Depot 

Thomas Hughes

Shares of Home Depot (NYSE: HD) are up more than 4.0% in premarket trading following what was a better than expected Q1 report. As good as the report is, however, the gains are made on the back of rising prices that are cutting into total volume and the guidance is tepid.

NYSE:HD
Read Beware The Rebound In Home Depot 
FIGS, Inc Moves Lower On Analysts Downgrades
May 17, 2022 2:00 AM ET

FIGS, Inc Moves Lower On Analysts' Downgrades

Thomas Hughes

Shares of FIGS, Inc (NASDAQ: FIGS) are moving lower in the wake of the Q1 earnings report and it is no wonder. The niche brand of workwear reports supply chain, inflation, and worse, a shift in consumer spending related to inflation, is cutting into results.

NASDAQ:FIGS
Read FIGS, Inc Moves Lower On Analysts' Downgrades
Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze 
May 16, 2022 10:00 AM ET

Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze 

Thomas Hughes

Price action in Warby Parker (NYSE: WRBY) has been trending lower ever since the highs set just after the IPO. The downtrend is due to the stock's high valuation, concerns about profitability, inflation/economic change, and no small amount of short selling.

NYSE:WRBY
Read Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze 
Recession Fears Mount After Weak Manufacturing Data
May 16, 2022 7:00 AM ET

Recession Fears Mount After Weak Manufacturing Data

Thomas Hughes

The NASDAQ Composite (NYSEARCA: QQQ) is down more than 25% from its recent high and will probably head lower. Investors looking for a rebound are urged not to caution in light of expected earnings reports this week.

NYSEARCA:QQQ
Read Recession Fears Mount After Weak Manufacturing Data
Don’t Bet On Footlocker To Rebound After Q1 Earnings 
May 15, 2022 11:00 PM ET

Don’t Bet On Footlocker To Rebound After Q1 Earnings 

Thomas Hughes

While Footlocker (NYSE: FL) could come out and surprise the market on Friday when it reports we aren’t going to hold our breaths waiting for share prices to rebound. A number of factors are weighing on share prices and we see those forces driving the stock lower. Among them is the institutional activity.

NYSE:FLNYSE:NKE
Read Don’t Bet On Footlocker To Rebound After Q1 Earnings 
The Three Most Upgraded Stocks You Can Buy Now 
May 14, 2022 1:00 AM ET

The Three Most Upgraded Stocks You Can Buy Now 

Thomas Hughes

When it comes to investing, following the money is always a good bet. As good as a company is, as undervalued as it may be, as big and safe as the dividend is if the market isn’t interested the price action in shares prices will wallow. That’s why following the analysis sentiment in stocks is a good indication of turning points

NASDAQ:ABNBNYSE:OXY
Read The Three Most Upgraded Stocks You Can Buy Now 
The Travel Sector Is Getting Upgraded 
May 13, 2022 1:00 AM ET

The Travel Sector Is Getting Upgraded 

Thomas Hughes

As bad as the outlook for inflation and the economy is, the times are good for the travel industry. The travel industry has been shackled for the last 2+ years and is finally coming out of those dark times.

NYSE:DALNYSE:UALNASDAQ:BKNG
Read The Travel Sector Is Getting Upgraded 
Carvana Insiders Buy Shares But Maybe You Shouldn’t 
May 12, 2022 10:00 AM ET

Carvana Insiders Buy Shares But Maybe You Shouldn’t 

Thomas Hughes

Carvana (NYSE: CVNA) insider CEO Ernest C. Garcia III and major shareholder Ernest C. Garcia II made very large purchases of company stock the week after Q1 earnings were released but don’t read too much into the news. While the purchases are a vote of confidence in the company there are a couple of red flags that sap strength from the support.

NYSE:CVNA
Read Carvana Insiders Buy Shares But Maybe You Shouldn’t 
Dutch Bros Gets Scalded By Inflation 
May 12, 2022 8:00 AM ET

Dutch Bros Gets Scalded By Inflation 

Thomas Hughes

Shares of Dutch Bros (NYSE: BROS) are down 40% following the Q1 report and at levels we think too good to pass up. The caveat is that, while the growth story is still intact, the fall in share prices is driven by a combination of factors that promises volatility if not even better entry points.

NYSE:BROS
Read Dutch Bros Gets Scalded By Inflation 
The S&P 500 Could Fall Another 28%
May 12, 2022 7:00 AM ET

The S&P 500 Could Fall Another 28%

Thomas Hughes

If there is one key takeaway from the April CPI and PPI data it is that inflation has not peaked and prices are still rising. Our take on this is the FOMC has lost control of the economy and will be forced to act more aggressively than they’ve so far indicated.

NYSEARCA:SPY
Read The S&P 500 Could Fall Another 28%
Wolverine Worldwide Is Ready To Rebound 
May 12, 2022 1:00 AM ET

Wolverine Worldwide Is Ready To Rebound 

Thomas Hughes

The shoe business has been good for Wolverine Worldwide (NASDAQ: WWW) and it should continue to be good for the remainder of the year. The company’s business is supported by secular trends that should sustain growth in the high teens this year and into the next and there is margin improvement in the forecast as well.

NASDAQ:WWW
Read Wolverine Worldwide Is Ready To Rebound 
Wendy’s Growth Story Has Come To An End 
May 11, 2022 9:00 AM ET

Wendy’s Growth Story Has Come To An End 

Thomas Hughes

Wendy’s (NASDAQ: WEN) is still growing but the growth story propelling the stock has come to an end. The company’s Q1 earnings report reveals that not only is revenue growth slowing in the face of a growing store count but inflation continues to cut into the bottom line.

Read Wendy’s Growth Story Has Come To An End 
Beyond Meat Could Sizzle After Q1 Results Are Released 
May 11, 2022 8:00 AM ET

Beyond Meat Could Sizzle After Q1 Results Are Released 

Thomas Hughes

Beyond Meat (NASDAQ: BYND) is sitting on a 38% short interest ahead of its Q1 earnings release and that leads us to believe the stock could pop in the wake of the results. The short-interest is driven by a very negative sentiment that views the company as unprofitable even in the face of growing consumer demand.

NASDAQ:BYND
Read Beyond Meat Could Sizzle After Q1 Results Are Released 
Inflation Hasn’t Peaked At Reynolds Consumer Products 
May 11, 2022 7:00 AM ET

Inflation Hasn’t Peaked At Reynolds Consumer Products 

Thomas Hughes

If you need more than the CPI report to know that inflation hasn’t peaked take a look at the Reynolds Consumer Products (NASDAQ: REYN) Q1 earnings report. The company reported a slightly better than expected margin but has yet to recoup its pre-pandemic profitability, which won't come for another quarter or two at least.

NASDAQ:REYN
Read Inflation Hasn’t Peaked At Reynolds Consumer Products 
XPO Logistics Is A Logical Choice For Investors 
May 11, 2022 1:00 AM ET

XPO Logistics Is A Logical Choice For Investors 

Thomas Hughes

XPO Logistics (NYSE: XPO) has been working hard on a transformation plan that is guaranteed to deliver results for investors. To put it simply, the company is divesting itself of non-core assets and using the money to improve the balance sheet and grow the core business.

NYSE:XPO
Read XPO Logistics Is A Logical Choice For Investors 
If PetMeds Is A Good Buy There Will Be A Better Signal 
May 10, 2022 9:00 AM ET

If PetMeds Is A Good Buy There Will Be A Better Signal 

Thomas Hughes

Shares of PetMeds (NASDAQ: PETS) are rocketing higher in the wake of what we can only call a mixed report. The news wasn’t bad and it wasn’t good and it certainly isn’t enough to have shares up by 9%, not unless you factor in the short interest.

NYSE:PETS
Read If PetMeds Is A Good Buy There Will Be A Better Signal 
Insiders Buy Occidental Petroleum Ahead Of Q1 Earnings 
May 10, 2022 8:00 AM ET

Insiders Buy Occidental Petroleum Ahead Of Q1 Earnings 

Thomas Hughes

The insiders don’t hold a lot of Occidental Petroleum (NYSE: OXY) and their activity isn’t robust, mixed is the better word, but the latest transaction is telling because it comes just before the Q1 earnings were set to be released. The insider, CEO Vicki A. Hollub, bought just over 14,000 shares for just under $800,000 about two weeks before earnings were to be released

NYSE:OXY
Read Insiders Buy Occidental Petroleum Ahead Of Q1 Earnings 
High-Yield Deep-Value LCI Industries Exceeds All Expectations 
May 10, 2022 7:00 AM ET

High-Yield Deep-Value LCI Industries Exceeds All Expectations 

Thomas Hughes

We expected LCI Industries (NYSE: LCII) to do well in Q1 and outperform the Marketbeat.com consensus estimate but even we were surprised by just how strong the results were. The company was able to overcome numerous challenges including rising prices and supply chain hurdles to produce the strongest results on record.

NYSE:LCII
Read High-Yield Deep-Value LCI Industries Exceeds All Expectations 
The Low In Lordstown Motors May Not Be The Last 
May 10, 2022 4:05 AM ET

The Low In Lordstown Motors May Not Be The Last 

Thomas Hughes

Lordstown Motors (NASDAQ: RIDE) has been in a protracted downtrend along with the rest of the EV market and that downtrend is not over yet. While Lordstown Motors issues a better than expected report the headlines are about all the good news there is.

NASDAQ:RIDE
Read The Low In Lordstown Motors May Not Be The Last 
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