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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 92

Three Beaten Down Stocks The Insiders Are Buying 
May 31, 2022 10:00 AM ET

Three Beaten Down Stocks The Insiders Are Buying 

Thomas Hughes

The market has been in a correction for months with some stocks down more than 50% from their post-pandemic highs and the insiders have started scooping up shares. The companies we are highlighting today are not only deeply discounted but they are growing within high-demand markets that are well-supported by secular trends.

NASDAQ:YELLNASDAQ:CROXNASDAQ:ARHS
Read Three Beaten Down Stocks The Insiders Are Buying 
It’s Time To Nibble On These Two Recent IPOs 
May 31, 2022 8:00 AM ET

It’s Time To Nibble On These Two Recent IPOs 

Thomas Hughes

It’s hard to know what to buy and what to sell with market conditions the way they are but it looks like a good time to start nibbling on these two recent IPOs. Bausch + Lomb (NYSE: BLCO) and PepGen (NASDAQ: PEPG) both IPOd in 2022 and have seen their shares plummet in the wake of the offering, not because they are poor companies or bad investments but simply because the market conditions changed.

NYSE:BLCONASDAQ:PEPG
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Oil Markets On Track For New All-Time Highs
May 31, 2022 7:00 AM ET

Oil Markets On Track For New All-Time Highs

Thomas Hughes

The case for higher Oil (NYSEARCA: USO) prices continues to strengthen and is now pushing WTI oil above the $120 mark. The latest news includes news from the EU of a partial ban on Russian imports. The ban will include most oil and gas products and would be put into place by the end of the year.

NYSE:OXYNYSE:COPNYSE:CVX
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Broadcom Is Primed To Hit A New All-Time High 
May 31, 2022 3:00 AM ET

Broadcom Is Primed To Hit A New All-Time High 

Thomas Hughes

Price action in Broadcom (NASDAQ: AVGO) experienced significant downward pressure over the past two quarters but we think those days are behind the stock. The downward pressure is due in large part to institutional selling that we see ending now the Q2 results are in the bag.

NASDAQ:AVGO
Read Broadcom Is Primed To Hit A New All-Time High 
Workday Gets Worked Over By The Analysts 
May 31, 2022 3:00 AM ET

Workday Gets Worked Over By The Analysts 

Thomas Hughes

Workday (NASDAQ: WDAY) is yet another example of a solid yet high-flying company getting its target reeled in. the company did not produce a bad quarter but the Q1 results and outlook suggest the company’s growth and earnings are more than priced in

NASDAQ:WDAY
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Ulta Beauty Had One Beautiful Quarter 
May 31, 2022 3:00 AM ET

Ulta Beauty Had One Beautiful Quarter 

Thomas Hughes

Ulta Beauty (NASDAQ: ULTA) highlights the dichotomy of mall-based retailers; either you have it or you don’t. When it comes to what the public wants, the FQ1 results prove that Ulta definitely has what the consumers want. The company’s results were so far above the consensus as to be game-changing and that is seen in the analyst's activity as well.

NASDAQ:ULTA
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There’s An Institutional Bottom In Autodesk
May 31, 2022 12:00 AM ET

There’s An Institutional Bottom In Autodesk

Thomas Hughes

The price action in Autodesk (NASDAQ: ADSK) has put in a bottom but we don’t think investors should rusk into the stock. While the Q1 results were better than expected and the guidance favorable the margin of outperformance was tepid and the guidance in line with consensus estimates.

NASDAQ:ADSK
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These Are the Three (3) Most Upgraded Stocks For Q2
May 28, 2022 12:00 AM ET

These Are the Three (3) Most Upgraded Stocks For Q2

Thomas Hughes

When we began working on this post the idea was to write up the three most upgraded stocks so far in Q2. Things changed, however, when we discovered that the three most upgraded stocks in Q2 are all energy stocks.

NYSE:XOMNYSE:TECKNASDAQ:CI
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Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices 
May 27, 2022 7:00 AM ET

Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices 

Thomas Hughes

Hibbet, Inc (NASDAQ: HIBB) shares are pulling back nearly 10% in premarket action after what we consider to be a rosy report. While the Q1 results are mixed and earnings are below expectations the guidance is positive and accompanied by some news we (and the market) want to hear.

NASDAQ:HIBB
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Is RBC Bearings Rolling Into A Reversal?
May 27, 2022 1:00 AM ET

Is RBC Bearings Rolling Into A Reversal?

Thomas Hughes

RBC Bearings (NASDAQ: ROLL) is not a large company but its FQ4 results are among the most important at this stage in the earnings cycle. The company makes ball bearings and ball bearing components which isn’t very exciting until you think about all the applications for bearings.

NYSE:ROLL
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Genesco Pops On Earnings But Don’t Expect A Rally 
May 26, 2022 9:00 AM ET

Genesco Pops On Earnings But Don’t Expect A Rally 

Thomas Hughes

Genesco, Inc (NYSE: GCO), owner of brands like Journeys and Schuh, has proven its place in post-pandemic retail. The company’s brand position and omnichannel offering have it set up to outperform many of its mall-based competitors but there is a problem for the market.

NYSE:GCO
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The Insiders Are Selling Movado Group, But You Shouldn’t 
May 26, 2022 8:00 AM ET

The Insiders Are Selling Movado Group, But You Shouldn’t 

Thomas Hughes

The insiders have been selling shares of Movado Group (NYSE: MOV) but so what? The selling has been very light and they still own more than 28% of the company so there is no red flag to worry about. Instead, focus on the institutions and their activity because it has been bullish.

NYSE:MOV
Read The Insiders Are Selling Movado Group, But You Shouldn’t 
Beware The Rebound In Retail Stocks 
May 26, 2022 7:00 AM ET

Beware The Rebound In Retail Stocks 

Thomas Hughes

The Retail Sector (NYSEARCA: XRT) is rebounding but we don’t think investors should cheer too loudly. The move is driven by the combination of oversold markets and mixed results and we don’t see it going very high. While the XRT Retail Sector ETF is bouncing from a technical support target but that target is a weak one and there is strong resistance ahead.

NYSEARCA:XRT
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Short-Covering Begins In Big Lots 
May 25, 2022 10:00 AM ET

Short-Covering Begins In Big Lots 

Thomas Hughes

We were pleasantly surprised to see shares of Big Lots (NYSE: BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts' sentiment, fear of slowing sales, and an ever-growing short interest that reached lofty levels above 25% in the weeks ahead of the Q2 report.

NYSE:BIG
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Institutions Ring The Register On Toll Brothers Stock
May 25, 2022 9:00 AM ET

Institutions Ring The Register On Toll Brothers Stock

Thomas Hughes

The institutions have been net-sellers of Toll Brothers (NYSE: TOL) stock for the last 4 quarters and their activity reached a peak in Q2 2022. The institutions sold more than $0.500 billion worth of the stock in Q2, more than the previous two quarters combined, and helped to drive the price action down to the lowest levels in almost 18 months.

NYSE:TOL
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Agilent Technologies Is Bottoming But Don’t Buy It Yet
May 25, 2022 9:00 AM ET

Agilent Technologies Is Bottoming But Don’t Buy It Yet

Thomas Hughes

Agilent Technologies (NASDAQ: A) had a good quarter in FQ2, and calendar Q1, but there is one glaring problem with the report.

NASDAQ:A
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Dick’s Sporting Goods Falls Flat On Weak Guidance 
May 25, 2022 7:00 AM ET

Dick’s Sporting Goods Falls Flat On Weak Guidance 

Thomas Hughes

Dick’s Sporting Goods (NYSE: DKS) is a great example of a phenomenon we are observing in the market today. The company once supported and inflated by stimulus tailwinds and stay-at-home spending is deflating in the absence of the said stimulus.

NYSE:DKS
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Two Retailers, One To Buy And One To Avoid 
May 25, 2022 4:05 AM ET

Two Retailers, One To Buy And One To Avoid 

Thomas Hughes

Retail, especially apparel, is one of the hardest sectors to invest in because it can be, in many cases, among the hardest industries to profit in and that is increasingly true in the post-pandemic environment. While Abercrombie & Fitch (NYSE: ANF) has the brand recognition it needs to succeed, it doesn’t resonate with customers the way Ralph Lauren (NYSE: RL) does and there is a bigger problem.

NYSE:RLNYSE:ANF
Read Two Retailers, One To Buy And One To Avoid 
Zoom Video Communications Is Primed To Launch Higher 
May 24, 2022 9:00 AM ET

Zoom Video Communications Is Primed To Launch Higher 

Thomas Hughes

Shares of Zoom Video Communication (NASDAQ: ZM) have done little more than move lower since hitting the pandemic peak way back in 2020 but the selling may be over. The stock is finally trading at a more reasonable if still above-the-market-average 25X its earnings and outperforming at all levels.

NASDAQ:ZM
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Institutions Buy The Dip In Petco Health and Wellness Company 
May 24, 2022 8:00 AM ET

Institutions Buy The Dip In Petco Health and Wellness Company 

Thomas Hughes

The price action in Petco Health and Wellness Company (NASDAQ: WOOF) has been ratcheting lower ever since the IPO two years ago. The takeaway, however, is that institutional activity has been net bullish the entire time and the activity is picking up once again.

NASDAQ:WOOF
Read Institutions Buy The Dip In Petco Health and Wellness Company 
Autozone Edges Past Advanced Auto Parts In Q1 2022
May 24, 2022 7:00 AM ET

Autozone Edges Past Advanced Auto Parts In Q1 2022

Thomas Hughes

With the average age of U.S. cars on the road reaching new highs, it is no surprise that auto parts dealers are doing well. While both Advance Autoparts (NYSE: AAP) and Autozone (NYSE: AZO) put in strong quarters, the results make it clear which is the better buy.

NYSE:AZONYSE:AAP
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Two Stocks You Shouldn’t Buy On Post-Earnings Weakness 
May 24, 2022 4:05 AM ET

Two Stocks You Shouldn’t Buy On Post-Earnings Weakness 

Thomas Hughes

Price weakness, particularly post-earnings release price weakness in what is otherwise a good, healthy company is often a good time to buy stock. The problem is that all too often bottom-fishing turns into a loss that could have otherwise been avoided.

NYSE:DENASDAQ:ROST
Read Two Stocks You Shouldn’t Buy On Post-Earnings Weakness 
Stock Market Downgrades Are Dragging The S&P 500 Lower 
May 23, 2022 6:05 AM ET

Stock Market Downgrades Are Dragging The S&P 500 Lower 

Thomas Hughes

It is no secret that equities have increased pressure due to tightening margins. While the split between companies is about 50/50 in terms of how many S&P 500 companies (NYSEARCA: SPY) could widen their margin the net result was 30 basis points of shrinkage.

NYSEARCA:SPY
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Palo Alto Networks Bottoms But A Rebound May Not Be Coming 
May 23, 2022 6:05 AM ET

Palo Alto Networks Bottoms But A Rebound May Not Be Coming 

Thomas Hughes

Palo Alto Networks (NASDAQ: PANW) had such a good quarter the results are lifting the entire cybersecurity industry. The problem for us is the results aren’t that strong, the growth is largely priced into the market, and trading at over 65X its earnings it is one expensive stock to own.

NASDAQ:PANW
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