Free Trial

Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 93

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
Read The Coca-Cola Company Gets KO’d After Stunning Quarter
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
Read Hasbro Insider Bets Big On Stock Rebound 
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
Read PPG Industries Stock Price Is At A Turning Point 
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
Read Snap Up Some Snap-On On Post-Earnings Weakness
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
Read Tractor Supply Company Reaps What It Sows 
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
Read Steel Dynamics Scales New Heights On Record Results 
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
Read The Institutions Are Driving Knight-Swift Transportation 
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
Read Sell-Side Activity Drives Proctor & Gamble Higher 
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
Read Google Upgraded Ahead Of Earnings 
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
Read Buy Haliburton On Post-Earnings Weakness 
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
Read Institutional Buying Puts A Bottom In Manpower Group Inc 
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
J.B. Hunt Transportation Services Fires On All Cylinders 
April 19, 2022 4:05 AM ET

J.B. Hunt Transportation Services Fires On All Cylinders 

Thomas Hughes

Supply chain challenges or not, J.B. Hunt Transportation Services (NASDAQ: JBHT) is firing on all cylinders. The Q1 results reveal the company is supported by three pillars of trucking including volume, rates, and fuel surcharges. The key takeaway from the report is that both revenue and earnings are better than expected and we expect the company to continue performing at this level

NASDAQ:JBHT
Read J.B. Hunt Transportation Services Fires On All Cylinders 
Analysts Reel In Netflix Targets Ahead Of Q1 Earnings 
April 19, 2022 1:00 AM ET

Analysts Reel In Netflix Targets Ahead Of Q1 Earnings 

Thomas Hughes

Netflix (NASDAQ: NFLX) developed a disturbing trend of price target reductions ahead of the Q1 earnings report but investors shouldn’t read too much into it. While 7 of the 37 analysts covering the stock came out with commentary in the two weeks before the report, and while 6 of those lowered their price target, the Marketbeat.com consensus price is well above price action.

NASDAQ:NFLX
Read Analysts Reel In Netflix Targets Ahead Of Q1 Earnings 
Major Shareholder Bets Big On Nielson Holdings plc 
April 18, 2022 9:00 AM ET

Major Shareholder Bets Big On Nielson Holdings plc 

Thomas Hughes

Neilson Holdings (NYSE: NLSN) got a big boost in March when it announced it was considering offers from a number of private equity firms. So far, no deals have been signed but there is a major shareholder betting big on the outcome.

NYSE:NLSN
Read Major Shareholder Bets Big On Nielson Holdings plc 
Banking On Bank Of America
April 18, 2022 9:00 AM ET

Banking On Bank Of America

Thomas Hughes

Results from the financial sector have been mixed this quarter but Bank of America (NYSE: BAC) stands out. The company’s focus on U.S. consumer banking and the interest rate environment has it set up for earnings growth and that is already being seen in the results.

NYSE:BAC
Read Banking On Bank Of America
Three (3) Refiners The Analysts Are Upgrading 
April 18, 2022 7:00 AM ET

Three (3) Refiners The Analysts Are Upgrading 

Thomas Hughes

The analysts have been bullish on the energy sector (NYSEARCA: XLE) for the last two years and nothing about that has changed. The global supply/demand situation has oil prices trading at the highest levels in a decade and moving higher in the near term at least.

NYSE:PSXNYSE:VLONYSE:PBF
Read Three (3) Refiners The Analysts Are Upgrading 
Institutions And Analysts Drive UnitedHealth Group Higher 
April 16, 2022 1:00 AM ET

Institutions And Analysts Drive UnitedHealth Group Higher 

Thomas Hughes

United Health has been trending higher since well before the COVID-19 pandemic began and looks like it is ready to continue that trend. The move is being driven by institutional and analyst support that is in turn driven by the company’s results. Results for Q1 2022 are so good the company raised its guidance and we think it will raise guidance again later in the year. 

NYSE:UNH
Read Institutions And Analysts Drive UnitedHealth Group Higher 
Three Beaten Down Mega Caps The Analysts Are Upgrading 
April 15, 2022 7:00 AM ET

Three Beaten Down Mega Caps The Analysts Are Upgrading 

Thomas Hughes

The market has taken a beating over the past few months and many of the leading names were beaten down with it. In many cases, as with NVIDIA (NASDAQ: NVDA), Albertsons (NYSE: ACI), and UPS (NYSE: UPS), the pressure on shares is due more to the fear of underperformance than anything else.

NYSE:UPSNYSE:ACINASDAQ:NVDA
Read Three Beaten Down Mega Caps The Analysts Are Upgrading 
Lululemon Rises On Wave Of Price Target Increases 
April 14, 2022 8:00 AM ET

Lululemon Rises On Wave Of Price Target Increases 

Thomas Hughes

Lululemon Athletica (NASDAQ: LULU)  impressed the market when it reported fiscal Q4 earnings at the end of March. The company beat on the bottom line and raised its guidance as demand and pricing combined to boost the earnings results.

NASDAQ:LULU
Read Lululemon Rises On Wave Of Price Target Increases 
The Top Is In For Infosys 
April 14, 2022 7:00 AM ET

The Top Is In For Infosys 

Thomas Hughes

Infosys (NYSE: INFY) is still growing, it’s still making profits, and it’s still on track to pay a higher dividend than it did last year but the market for the stock has peaked. This is because the growth is more than priced in and sell-side support is waning.

NYSE:INFY
Read The Top Is In For Infosys