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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 93

The Institutions Go Long Saia, Inc In Q2 
May 23, 2022 6:00 AM ET

The Institutions Go Long Saia, Inc In Q2 

Thomas Hughes

The institutional activity in Saia, Inc (NASDAQ: SAIA) has been vigorous over the past year but largely balanced between the bulls and the bears. The net of activity is $0.07 billion in outflows which is bearish but only mildly so. The takeaway is that institutional activity is running near 100% for this company and has stayed that way for quite some time.

NASDAQ:SAIA
Read The Institutions Go Long Saia, Inc In Q2 
3 Retailers That Defied First Quarter Headwinds 
May 20, 2022 6:00 AM ET

3 Retailers That Defied First Quarter Headwinds 

Thomas Hughes

The takeaway from Q1 earnings for the retailers (NYSEARCA: XRT) is slowing growth and margin compression. Those factors have the sector down across verticals but not all retailers are feeling the same pain.

FCNYSE:FLNYSE:VFCTSE:GOOS
Read 3 Retailers That Defied First Quarter Headwinds 
Lowe’s Companies Has Not Bottomed 
May 20, 2022 1:00 AM ET

Lowe’s Companies Has Not Bottomed 

Thomas Hughes

Lowe’s (NYSE: LOW) moved lower on the heels of its Q1 earnings report and we don’t think the move is over. While price action is rebounding the day after the report was released we are viewing it as a dead cat bounce, at least for now.

NYSE:LOW
Read Lowe’s Companies Has Not Bottomed 
The Institutional Tide Has Turned For Cisco Systems 
May 19, 2022 10:00 AM ET

The Institutional Tide Has Turned For Cisco Systems 

Thomas Hughes

After 10 quarters of net buying, the institutional tide driving Cisco Systems' (NASDAQ: CSCO) price action has turned. The institutions have been, so far in Q2, net-sellers and responsible in large part for the recent decline in share prices.

NASDAQ:CSCO
Read The Institutional Tide Has Turned For Cisco Systems 
Don’t Bet On Cheaper Oil, Not Yet Anway 
May 19, 2022 8:00 AM ET

Don’t Bet On Cheaper Oil, Not Yet Anway 

Thomas Hughes

The price for WTI (NYSE: USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top has been reached in this market.

NYSE:USO
Read Don’t Bet On Cheaper Oil, Not Yet Anway 
A Reversal In The S&P 500 Is Confirmed 
May 19, 2022 6:00 AM ET

A Reversal In The S&P 500 Is Confirmed 

Thomas Hughes

We recently saw a headline that made us ask “what?!?” because it said an uptrend in the S&P 500 (NYSEARCA: SPY) had been confirmed. Our take on the market is that not only has the near-term downtrend in the S&P 500 been confirmed but that a major reversal in the market has been confirmed as well.

NYSEARCA:SPY
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The TJX Companies: It’s Not All Doom And Gloom In Retail 
May 19, 2022 1:00 AM ET

The TJX Companies: It’s Not All Doom And Gloom In Retail 

Thomas Hughes

The TJX Companies (NYSE: TJX) proves that it is not all doom and gloom in the retail sector. While the front-line retailers like Target and Walmart are struggling with growth and margins the off-price retailers like The TJX Companies are coming into their own.

NYSE:TJX
Read The TJX Companies: It’s Not All Doom And Gloom In Retail 
Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15% 
May 18, 2022 9:00 AM ET

Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15% 

Thomas Hughes

Shoe Carnival (NASDAQ: SCVL) had a tough quarter in Q1 and shares are moving lower because of it. The problem is that revenue, margin, and earnings all fell relative to last year but there is a mitigating factor we think readers should be aware of.

NASDAQ:SCVL
Read Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15% 
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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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