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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 91

Harley-Davidson Skids Into A Buying Opportunity 
April 28, 2022 7:00 AM ET

Harley-Davidson Skids Into A Buying Opportunity 

Thomas Hughes

Harley-Davidson (NYSE: HOG) hit the skids following the Q1 earnings release but this is an opportunity to buy into an iconic American brand. The results were mixed, to be sure, but highlight both the current situation and the opportunity available in the second half of the year.

NYSE:HOG
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Automatic Data Processing Is Ready To Scale New Heights 
April 28, 2022 1:00 AM ET

Automatic Data Processing Is Ready To Scale New Heights 

Thomas Hughes

As great as the risks to the economy are right now, the results from Automatic Data Processing (NYSE: ADP) prove the labor market and business, in general, are doing OK. The company not only reported a stronger than expected quarter but was also able to guide the coming quarter higher.

NYSE:ADP
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Carl Icahn Buys More Xerox
April 27, 2022 10:00 AM ET

Carl Icahn Buys More Xerox

Thomas Hughes

Xerox (NYSE: XRX) gave a bad report for the Q1 2022 period but that bad news is being put to good use by at least one person. Carl Icahn, already a major shareholder of Xerox, made not one but two purchases of Xerox in the wake of the earnings fallout boosting his position to over 34.245 million shares.

NYSE:XRX
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Chipotle Mexican Grill Falls Despite Smoking The Consensus Estimate
April 27, 2022 9:00 AM ET

Chipotle Mexican Grill Falls Despite Smoking The Consensus Estimate

Thomas Hughes

Chipotle Mexican Grill (NYSE: CMG) had a good quarter to be sure but there is a specter hanging over the company’s head. Revenue may be growing and it might be outperforming the Pricetargets.com consensus estimate but it is priced into the market.

NYSE:CMG
Read Chipotle Mexican Grill Falls Despite Smoking The Consensus Estimate
The Kraft Heinz Turnaround Story Gains Momentum 
April 27, 2022 7:00 AM ET

The Kraft Heinz Turnaround Story Gains Momentum 

Thomas Hughes

Shares of Kraft Heinz (NASDAQ: KHC) wobbled in the wake of the Q1 earnings report despite better than expected results and an increase in the guidance. The results, as good as they are, are driven in large part by higher prices and only partially offset YOY declines attributable to tough comps and divestitures.

NASDAQ:KHC
Read The Kraft Heinz Turnaround Story Gains Momentum 
Simpson Manufacturing Co. Hits The Nail On The Head, Again 
April 26, 2022 10:00 AM ET

Simpson Manufacturing Co. Hits The Nail On The Head, Again 

Thomas Hughes

Simpson Manufacturing Co. (NYSE: SSD) has been riding a wave of growth that can be attributed to two things; the pandemic and its CEO, Karen Colonias. The pandemic unleashed a wave of demand the company is working hard to cash in on, it was Ms. Colonias, however, that guided the company through the tough times and put it on the course it is today.

NYSE:SSD
Read Simpson Manufacturing Co. Hits The Nail On The Head, Again 
The Sherwin-Williams Company Bottoms Above Institutional Support 
April 26, 2022 10:00 AM ET

The Sherwin-Williams Company Bottoms Above Institutional Support 

Thomas Hughes

The institutions haven’t been doing much of anything with The Sherwin-Willams Company (NYSE: SHW) stock recently but that’s recently. Over the past 4 quarters, specifically in the 2nd quarter of 2021, the institutions bought quite a lot of the stock and put a floor in the share prices.

NYSE:SHW
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Whirlpool Is A Steal At These Prices 
April 26, 2022 8:00 AM ET

Whirlpool Is A Steal At These Prices 

Thomas Hughes

Price action in Whirlpool (NYSE: WHR) corrected earlier this year but that is over. The correction was driven by fears of underperformance after outperformance was priced in and those fears were misplaced. The company is suffering from supply chain hurdles and inflationary pressures like every other company in business today but it was able to protect its margin.

Read Whirlpool Is A Steal At These Prices 
Kimberly-Clark Pops On Successful Price Pass-Through
April 26, 2022 7:00 AM ET

Kimberly-Clark Pops On Successful Price Pass-Through

Thomas Hughes

Shares of Kimberly-Clark (NYSE: KMB) popped in the wake of the Q1 earnings release for one reason and one reason alone, a successful price pass-through. The company’s margins were squeezed and earnings shrank but the successful pass-through of inflationary pressure points to continued strength for the company.

NYSE:KMB
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Hasbro Insider Bets Big On Stock Rebound 
April 25, 2022 9:00 AM ET

Hasbro Insider Bets Big On Stock Rebound 

Thomas Hughes

Hasbro (NASDAQ: HAS) gave the market some good news on April 19th when it reported earnings. The results were mixed but came with positive guidance and an outlook for growth that got the market’s attention. The company also resumed its buyback program which is a move that has far-reaching repercussions.

NASDAQ:HAS
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The Coca-Cola Company Gets KO’d After Stunning Quarter
April 25, 2022 9:00 AM ET

The Coca-Cola Company Gets KO’d After Stunning Quarter

Thomas Hughes

The Coca-Cola Company (NYSE: KO) share price has been moving higher this year on a wave of analysts' sentiment that may continue now that the Q1 results are in. The caveat is that no analysts have come out with commentary despite the strength of the results and the price action is sketchy.

NYSE:KO
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PPG Industries Stock Price Is At A Turning Point 
April 25, 2022 7:00 AM ET

PPG Industries Stock Price Is At A Turning Point 

Thomas Hughes

Price action in PPG Industries (NYSE: PPG) corrected in the first quarter of 2022 and put in a bottom just before the release of Q1 results. The bottom bore the hallmarks of reversal but that scenario has come into question. The Q1 results were better than expected and included some indications supply chain issues were receding but guidance was tepid.

NYSE:PPG
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Snap Up Some Snap-On On Post-Earnings Weakness
April 25, 2022 6:00 AM ET

Snap Up Some Snap-On On Post-Earnings Weakness

Thomas Hughes

Shares of Snap-On (NYSE: SNA) got a boost early in April when Goldman Sachs turned up the name when it screened for stocks with pricing power and margin control. That boost resulted in a surge to a 9-month high that has since been rejected.

NYSE:SNA
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Tractor Supply Company Reaps What It Sows 
April 22, 2022 9:00 AM ET

Tractor Supply Company Reaps What It Sows 

Thomas Hughes

Tractor Supply Company (NASDAQ: TSCO) is one of our favorite stories from the pandemic but it seems that, at long last, those tailwinds have ceased to blow. The company is still growing and is still forecasting growth but it has slowed from the high double-digits of last year to the low single-digits of this year.

NASDAQ:TSCO
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High-Yield Kinder Morgan Is Still A Buy
April 22, 2022 1:00 AM ET

High-Yield Kinder Morgan Is Still A Buy

Thomas Hughes

Kinder Morgan (NYSE: KMI) caught our eye last year as a high-yielding value that we might want to own. The company was exiting a period of underperformance and reorganization and looking ahead to a favorable market environment.

NYSE:KMI
Read High-Yield Kinder Morgan Is Still A Buy
Steel Dynamics Scales New Heights On Record Results 
April 21, 2022 6:05 AM ET

Steel Dynamics Scales New Heights On Record Results 

Thomas Hughes

Steel Dynamics (NASDAQ: STLD) share prices have been scaling new heights on demand and pricing expectations along with the company’s efforts to expand to meet that demand. The Q1 results not only confirm those expectations but indicate the business is even healthier than the analysts were predicting.

NASDAQ:STLD
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The Institutions Are Driving Knight-Swift Transportation 
April 21, 2022 6:00 AM ET

The Institutions Are Driving Knight-Swift Transportation 

Thomas Hughes

The institutions have been buying Knight-Swift Transportation (NYSE: KNX) for the last two years. Institutional activity has been net-bullish for 7 consecutive quarters and we don’t see that trend ending. The trucking industry is in a heyday that is supported by high demand and high pricing that is leading to outperformance on the top and bottom lines.

NYSE:KNX
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Sell-Side Activity Drives Proctor & Gamble Higher 
April 21, 2022 1:00 AM ET

Sell-Side Activity Drives Proctor & Gamble Higher 

Thomas Hughes

Proctor & Gamble (NYSE: PG) has been trending higher since long before the pandemic began. The company’s value, growth, and yield combined to attract the attention of both the institutions and the analysts. The institutions have been net buyers for 7 of the last 9 quarters and they are still buying today.

NYSE:PG
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Google Upgraded Ahead Of Earnings 
April 21, 2022 12:00 AM ET

Google Upgraded Ahead Of Earnings 

Thomas Hughes

Google (NASDAQ: GOOG), despite the rangebound nature of trading in 2022, is one of the most heavily upgraded stocks coming into the Q1 earnings season. The company has received at least 12 major upgrades and/or price target increases in the time since the last earnings report and it received quite a few immediately after that event as well.

NASDAQ:GOOG
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Highly Valued Abbot Laboratories Could Move Lower
April 20, 2022 8:00 AM ET

Highly Valued Abbot Laboratories Could Move Lower

Thomas Hughes

Abbott Laboratories (NYSE: ABT) is not in danger of losing its business but we have some concerns its share price could fall. Not only is it a highly-valued stock compared to peers but its current revenue and earnings are based largely on COVID-19.

NYSE:ABTNYSE:MDTNYSE:JNJ
Read Highly Valued Abbot Laboratories Could Move Lower
Baker Hughes, Another Buy-The-Dip Opportunity In Oilfield Services
April 20, 2022 7:00 AM ET

Baker Hughes, Another Buy-The-Dip Opportunity In Oilfield Services

Thomas Hughes

Baker Hughes (NYSE: BKR) is pulling back on weak results and the company did miss on the top and bottom lines. What it did not do was give what we consider to be a bad report, just one that fell short of the expectations. The takeaway for us is the outlook, the company echoed commentary from competitor Haliburton, in that it sees a long-term upcycle in energy about to unfold.

NYSE:BKR
Read Baker Hughes, Another Buy-The-Dip Opportunity In Oilfield Services
Buy Haliburton On Post-Earnings Weakness 
April 20, 2022 4:10 AM ET

Buy Haliburton On Post-Earnings Weakness 

Thomas Hughes

Shares of Haliburton (NYSE: HAL) are pulling back from a long-term high and we think it is setting up the next buying opportunity for the stock. The main driver of the pullback is sentiment and profit-taking because the Q1 results, as good as they are, were barely more than what the market expected.

NYSE:HAL
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Institutional Buying Puts A Bottom In Manpower Group Inc 
April 19, 2022 6:10 AM ET

Institutional Buying Puts A Bottom In Manpower Group Inc 

Thomas Hughes

The price action in ManpowerGroup Inc (NYSE: MAN) has been trending lower for the last 12 but that trend has come to an end. A combination of institutional buying and fantastic results have price action confirming support and ready to begin moving higher.

NYSE:MAN
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Workhorse Johnson & Johnson Plows New All-Time Highs
April 19, 2022 6:05 AM ET

Workhorse Johnson & Johnson Plows New All-Time Highs

Thomas Hughes

Johnson & Johnson (NYSE: JNJ) is, if nothing else, a workhorse among stocks and one any investor could own. The company’s business is more than entrenched, it often trades at a discount to the S&P 500, it delivers steady consistent growth, and it pays a nice dividend.

NYSE:JNJ
Read Workhorse Johnson & Johnson Plows New All-Time Highs