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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 92

The Downtrend In iRobot Is Not Over
May 4, 2022 11:00 PM ET

The Downtrend In iRobot Is Not Over

Thomas Hughes

Shares of iRobot (NASDAQ: IRBT) have been in a steady downtrend for the last several quarters due to the mounting issues of supply chain hurdles and inflationary pressures. The biggest risk for the company and the global economy was the Fed and the Fed gave the market what it wanted, an outlook for soft-landing.

NASDAQ:IRBT
Read The Downtrend In iRobot Is Not Over
The Selloff In SiteOne Landscape Supply Is Overextended 
May 4, 2022 10:00 AM ET

The Selloff In SiteOne Landscape Supply Is Overextended 

Thomas Hughes

SiteOne Landscape Supply (NYSE: SITE) has been in a correction that is now overextending into an attractive buying opportunity. The stock is down more than 7% in the wake of its Q1 earnings report on what we view as cautious guidance.

NYSE:SITENYSE:SMG
Read The Selloff In SiteOne Landscape Supply Is Overextended 
Camping World Confirms Support At Institutional Bottom 
May 4, 2022 9:00 AM ET

Camping World Confirms Support At Institutional Bottom 

Thomas Hughes

Camping World (NASDAQ: CWH) is showing signs of firm support at the $26 level and we are not surprised. A combination of factors including institutional support has the market set up not only to bottom at this level but to reverse course and possibly start trending higher again.

NASDAQ:CWH
Read Camping World Confirms Support At Institutional Bottom 
Analyst's Sentiment In Logitech Takes A Turn For The Better
May 4, 2022 7:00 AM ET

Analyst's Sentiment In Logitech Takes A Turn For The Better

Thomas Hughes

Logitech (NASDAQ: LOGI) was one of the biggest winners from the pandemic but those days are over. The boom in spending on peripheral technologies like keyboards, pointers, and headphones is past but the secular trends remain, which is why the analysts have begun to turn bullish on the stock once again.

NASDAQ:LOGI
Read Analyst's Sentiment In Logitech Takes A Turn For The Better
There Are Weeds In The Garden At Scotts Miracle-Gro
May 4, 2022 2:00 AM ET

There Are Weeds In The Garden At Scotts Miracle-Gro

Thomas Hughes

Scotts Miracle-Gro (NYSE: SMG) is experiencing the “cannabis effect” and we should have seen it coming. They got into the cannabis business with the acquisition of Hawthorne way back when there was still some optimism the industry was going to boom

NYSE:SMG
Read There Are Weeds In The Garden At Scotts Miracle-Gro
Institutional Support For Rockwell International Begins To Erode 
May 3, 2022 9:00 AM ET

Institutional Support For Rockwell International Begins To Erode 

Thomas Hughes

The institutional activity data in Q1 and so far in Q2 suggests to us their support of Rockwell International (NYSE: ROK) is beginning to erode. The institutions own about 78% of the stock so this is or could become, rather, a very serious problem for shareholders.

NYSE:ROK
Read Institutional Support For Rockwell International Begins To Erode 
Another Buy The Dip Opportunity In Freshpet 
May 3, 2022 8:00 AM ET

Another Buy The Dip Opportunity In Freshpet 

Thomas Hughes

Freshpet’s (NASDAQ: FRPT) Q1 results were not enough to spark a rally in the stock but they are providing a buying opportunity. The company provided mixed results to be sure but the outlook for growth is intact. I

NASDAQ:FRPT
Read Another Buy The Dip Opportunity In Freshpet 
Inflation Wreaks Havoc On Haverty Furniture Company
May 3, 2022 7:00 AM ET

Inflation Wreaks Havoc On Haverty Furniture Company

Thomas Hughes

Haverty Furniture Company (NYSE: HVT) did not have a bad quarter by any means but there are signs within the report that point to darker times ahead. The company says demand is falling and noticeably in tune with inflation’s rise and we think this is just the beginning.

NYSE:HVT
Read Inflation Wreaks Havoc On Haverty Furniture Company
Saia Growth Accelerates But It May Not Matter 
May 3, 2022 1:00 AM ET

Saia Growth Accelerates But It May Not Matter 

Thomas Hughes

LTL-shipper Saia’s (NASDAQ: SAIA) revenue growth accelerated for the 3rd consecutive quarter and to a new high but it may not matter. The truckers have been trading like a recession is already here and, based on the FOMC outlook, one may actually be on the way.

NASDAQ:SAIA
Read Saia Growth Accelerates But It May Not Matter 
onsemi Is A Deep-Value In The Chip Sector 
May 2, 2022 10:00 AM ET

onsemi Is A Deep-Value In The Chip Sector 

Thomas Hughes

The correction in tech stocks may not be over, the headwinds within the economy may still be present, but onsemi’s (NASDAQ: ON) Q1 results prove that business is still strong in the chip sector. Specifically, onsemi’s results prove the company’s refocusing efforts are paying off and that is seen in the segment data.

NASDAQ:ON
Read onsemi Is A Deep-Value In The Chip Sector 
Wells Fargo Sets New High-Price Target For AbbVie
May 2, 2022 8:00 AM ET

Wells Fargo Sets New High-Price Target For AbbVie

Thomas Hughes

Price action in AbbVie (NYSE: ABBV) imploded following the Q1 results in what we are viewing as a knew-jerk reaction and a buying opportunity. The company reported good results, slightly below consensus on the top line, and lowered its guidance due to costs related to acquired IP.

NYSE:ABBV
Read Wells Fargo Sets New High-Price Target For AbbVie
Is The FOMC About To Spark A Massive Stock Market Correction?
May 2, 2022 7:00 AM ET

Is The FOMC About To Spark A Massive Stock Market Correction?

Thomas Hughes

Stock market action on Friday, April 29th was very bearish for the major indices including the S&P 500 (NYSEARCA: SPY). The S&P 500 moved steadily lower throughout the day as investors, traders, and speculators bet on what was to come this week.

NYSEARCA:SPY
Read Is The FOMC About To Spark A Massive Stock Market Correction?
O’Reilly Automotive Hits A Pothole
April 29, 2022 1:00 AM ET

O’Reilly Automotive Hits A Pothole

Thomas Hughes

Shares of O’Reilly Automotive (NASDAQ: ORLY) tanked after the company released its Q1 earnings but some are welcoming the news. Analysts Michael Lasser of UBS urged the company’s client to use the pullback as a buying opportunity due to the strength of industry trends.

NASDAQ:ORLY
Read O’Reilly Automotive Hits A Pothole
There’s An Institutional Floor In Keurig Dr. Pepper
April 28, 2022 9:00 AM ET

There’s An Institutional Floor In Keurig Dr. Pepper

Thomas Hughes

Keurig Dr. Pepper (NASDAQ: KDP) shares are lower in the wake of the Q1 report but we don’t think they are going to fall much further. The institutions have been scooping up this stock over the past year and put a firm floor in the price action.

NASDAQ:KDP
Read There’s An Institutional Floor In Keurig Dr. Pepper
Ford Falls Despite Optimistic Outlook 
April 28, 2022 8:00 AM ET

Ford Falls Despite Optimistic Outlook 

Thomas Hughes

Ford (NYSE: F) had a good quarter despite the impact of supply chain constraints. The company reported a YOY decline in revenue that was less than expected and comes with what we consider very good news. The company reports significant supply chain improvement in March that is in line with the general expectation things will get better in the second half.

NYSE:F
Read Ford Falls Despite Optimistic Outlook 
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
Read Harley-Davidson Skids Into A Buying Opportunity 
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
Read Automatic Data Processing Is Ready To Scale New Heights 
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
Read Carl Icahn Buys More Xerox
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
Read The Sherwin-Williams Company Bottoms Above Institutional Support 
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
Read Kimberly-Clark Pops On Successful Price Pass-Through
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