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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 91

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 
Follow The Money To Cigna
May 10, 2022 4:05 AM ET

Follow The Money To Cigna

Thomas Hughes

It is times like this when following the money can give the best returns and the money is flowing toward Cigna (NYSE: CI). The company released a better than expected earnings report and raised its guidance sparking yet another wave of analysts upgrades and price target revisions.

NYSE:CI
Read Follow The Money To Cigna
Institutional Support For Tyson Foods Is Growing 
May 9, 2022 6:05 AM ET

Institutional Support For Tyson Foods Is Growing 

Thomas Hughes

Tyson Foods (NYSE: TSN) has been trending higher since hitting its pandemic bottom for a number of reasons that include institutional support. The institutions have been net buyers for all but 2 quarters since that time and have picked up about 4% of the market cap over the past year alone.

NYSE:TSN
Read Institutional Support For Tyson Foods Is Growing 
Johnson Outdoors Falls On Bleak Outlook
May 9, 2022 6:05 AM ET

Johnson Outdoors Falls On Bleak Outlook

Thomas Hughes

Johnson Outdoors (NASDAQ: JOUT) is a blue-chip quality outdoor recreation stock with two things to be aware of. The first is that demand is high across all segments and driven by secular tailwinds that have nothing to do with COVID-19.

NASDAQ:JOUT
Read Johnson Outdoors Falls On Bleak Outlook
Analysts' Sentiment Weights On Shake Shack 
May 9, 2022 4:05 AM ET

Analysts' Sentiment Weights On Shake Shack 

Thomas Hughes

Shake Shak (NYSE: SHAK) didn’t have a bad quarter and the analysts still see upside in the stock but their sentiment is slipping. At least five sell-side analysts have come out with commentary since the Q1 results were released and they all include a downward price target adjustment.

NYSE:SHAK
Read Analysts' Sentiment Weights On Shake Shack 
Three Stocks To Ride Out A Rough Market 
May 7, 2022 12:00 AM ET

Three Stocks To Ride Out A Rough Market 

Thomas Hughes

We could expound for days on the risks facing the market and the potential depth of the oncoming correction but we won’t. Today we're here to touch base on a few stocks that we expect to do well over the next few years regardless of the broad market and economic conditions.

NYSE:KHCNYSE:KNYSE:WHR
Read Three Stocks To Ride Out A Rough Market 
Is This The Bottom For Papa John’s International?
May 6, 2022 4:05 AM ET

Is This The Bottom For Papa John’s International?

Thomas Hughes

Shares of Papa John’s (NASDAQ: PZZA) have been in a correction for the last few quarters on concerns about valuation. The stock is still trading above 25X its earnings but the bottom may be in.

NASDAQ:PZZA
Read Is This The Bottom For Papa John’s International?
Peak Growth Is Over For Etsy 
May 5, 2022 6:05 AM ET

Peak Growth Is Over For Etsy 

Thomas Hughes

This is not the end of eCommerce or Etsy (NASDAQ: ETSY) but the boost to eCommerce provided by the pandemic is long past and the market has peaked. Esty is still growing but at the slowest pace since the pandemic began and the analysts are taking note.

NASDAQ:ETSY
Read Peak Growth Is Over For Etsy 
Kellogg Company Flexes Pricing Power, Shares Move Higher
May 5, 2022 6:05 AM ET

Kellogg Company Flexes Pricing Power, Shares Move Higher

Thomas Hughes

Kellogg Company (NYSE: K) proved without a doubt that it and the consumer staples sector have pricing power. The company proactively raised its prices and was able to drive not only top-line growth but also margin preservation.

NYSE:K
Read Kellogg Company Flexes Pricing Power, Shares Move Higher
High-Yield Weyco Group Returns To Reasonable Levels
May 5, 2022 1:00 AM ET

High-Yield Weyco Group Returns To Reasonable Levels

Thomas Hughes

Weyco Group (NASDAQ: WEYS) caught our eye a few years ago while screening for small-cap dividend growth stocks. The company owns a healthy portfolio of legacy and growth-oriented shoe brands and pays what we consider to be an above-average distribution in both yield and safety.

Read High-Yield Weyco Group Returns To Reasonable Levels
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