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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 94

Dave & Buster’s Recovery Hits A Snag
March 29, 2022 8:00 AM ET

Dave & Buster’s Recovery Hits A Snag

Thomas Hughes

Dave & Buster’s (NASDAQ: PLAY) recovery is well underway but there is a snag that we think will cap gains in the near term at least. While the recovery is well underway, it is not quite as strong as it could have been and that should cause a reset in prices if only one that is short-lived.

NASDAQ:PLAY
Read Dave & Buster’s Recovery Hits A Snag
Institutions Bet Big On The Lovesac Company, It’s Not To Late To Get In Too 
March 29, 2022 7:00 AM ET

Institutions Bet Big On The Lovesac Company, It’s Not To Late To Get In Too 

Thomas Hughes

The Lovesac Company (NASDAQ: LOVE) is among our favorite plays in a favorite sector. The company is supported not only by secular tailwinds in the furniture industry but its own hypergrowth story, a story the institutions have been betting big on over the past year.

NASDAQ:LOVE
Read Institutions Bet Big On The Lovesac Company, It’s Not To Late To Get In Too 
The Bottom Is In For Paypal
March 28, 2022 9:00 AM ET

The Bottom Is In For Paypal

Thomas Hughes

Paypal (NASDAQ: PYPL) is the most downgraded stock of the FQ4 reporting and calendar Q1 season. The company received 40 downgrades which is saying something because that’s all the analysts rating the stock.

NASDAQ:PYPL
Read The Bottom Is In For Paypal
Workhorse Group Insider Buys Shares And Sends Stock Higher 
March 28, 2022 7:00 AM ET

Workhorse Group Insider Buys Shares And Sends Stock Higher 

Thomas Hughes

After a rocky 2021, it looks like Workhorse Group (NASDAQ: WKHS) has turned a corner. A number of positive events including a large insider purchase have the stock bottoming and confirming a reversal in price action.

NASDAQ:WKHS
Read Workhorse Group Insider Buys Shares And Sends Stock Higher 
Beyond Meat Slips On Piper Sandler Downgrade
March 28, 2022 7:00 AM ET

Beyond Meat Slips On Piper Sandler Downgrade

Thomas Hughes

The McPlant Burger deal with McDonald’s was supposed to be a game-changing event for Beyond Meat (NASDAQ: BYND) but that may not come to pass. At least not in a good way. The test of the McPlant Burger has so far met with tepid success as franchise owners report less than expected sales.

NASDAQ:BYND
Read Beyond Meat Slips On Piper Sandler Downgrade
The Institutions Shed Darden Restaurants International
March 25, 2022 4:05 AM ET

The Institutions Shed Darden Restaurants International

Thomas Hughes

Darden Restaurants (NYSE: DRI) gave the market another reason not to trust the rebound in equities when it reported earnings. The company not only missed on the top and bottom lines but tightened its guidance to a range below the consensus.

NYSE:DRI
Read The Institutions Shed Darden Restaurants International
Traeger, Inc Gets Cooked By The Analysts 
March 25, 2022 1:00 AM ET

Traeger, Inc Gets Cooked By The Analysts 

Thomas Hughes

The market had high hopes for Traeger, Inc  (NYSE: COOK) and its unique brand of grilling equipment and supplies, and that may be where the problem lay. When the market’s expectations were as high as they were in this case, there is almost no way for the company in question to meet those expectations, and share prices suffer.

NYSE:COOK
Read Traeger, Inc Gets Cooked By The Analysts 
The Institutions Are Driving Volatility In Factset Research Systems
March 24, 2022 10:00 AM ET

The Institutions Are Driving Volatility In Factset Research Systems

Thomas Hughes

The price action in Factset Research Systems (NYSE: FDS) underwent a correction over the past few months but it looks like that time is now behind us. The correction was due to uncertainty over the future, uncertainty over acquisition, and no small amount of profit-taking.

NYSE:FDS
Read The Institutions Are Driving Volatility In Factset Research Systems
H.B. Fuller Raises Guidance, Shares Pop 
March 24, 2022 8:00 AM ET

H.B. Fuller Raises Guidance, Shares Pop 

Thomas Hughes

If you were worried about inflation taming in the second half of the year H.B. Fuller (NYSE: FUL) has laid those fear to rest. The report from H.B. Fuller, a manufacturer of specialty adhesive chemicals worldwide, guarantees input costs are going to go up across industrial verticals.

NYSE:FUL
Read H.B. Fuller Raises Guidance, Shares Pop 
It’s Not Time To Sell KB Home … Yet
March 24, 2022 7:00 AM ET

It’s Not Time To Sell KB Home … Yet

Thomas Hughes

KB Home (NYSE: KBH) is yet another business giving a reason why you shouldn’t trust the rebound in stocks. The company reports near and long-term headwinds are mounting and cutting into the business.

NYSE:KBH
Read It’s Not Time To Sell KB Home … Yet
Enerpac Tool Group Reports Headwinds You Need To Know About 
March 24, 2022 1:00 AM ET

Enerpac Tool Group Reports Headwinds You Need To Know About 

Thomas Hughes

Enerpac Tool Group (NYSE: EPAC) is not the first company to report the impact of Russia’s war on Ukraine is affecting business. It is the first, however, that we’ve read, to quantify that impact as a headwind and to lump it together inflation and foreign exchange as a detriment to business in the second half of the year.

NYSE:EPAC
Read Enerpac Tool Group Reports Headwinds You Need To Know About 
Undervalued Winnebago Gets Even Cheaper 
March 24, 2022 12:00 AM ET

Undervalued Winnebago Gets Even Cheaper 

Thomas Hughes

Winnebago (NYSE: WGO) shares are moving lower in the wake of the FQ2 earnings report for one reason and one reason alone. The company’s and the industry's strength has been well forecast so many in the market, including ourselves, were expecting outperformance relative to the analyst's consensus.

NYSE:WGO
Read Undervalued Winnebago Gets Even Cheaper 
The Institutions Buy The Dip In Cintas 
March 23, 2022 8:00 AM ET

The Institutions Buy The Dip In Cintas 

Thomas Hughes

Shares of Cintas (NASDAQ: CTAS) corrected over the last three months and have put in a bottom. The bottom began to form in late January with an uptick in institutional buying and the market has since traced out a nice looking Head & Shoulders Reversal Pattern and the movement is gaining momentum.

NASDAQ:CTAS
Read The Institutions Buy The Dip In Cintas 
Analysts Reel In Targets For Adobe But It’s Still A Buy 
March 23, 2022 7:00 AM ET

Analysts Reel In Targets For Adobe But It’s Still A Buy 

Thomas Hughes

The analysts began reeling in their estimates on Adobe (NASDAQ: ADBE) even before the Q1 earnings release and that activity has picked up momentum. There were 6 price target adjustments leading into the release and 9 so far in its wake and all are weighing on share prices now.

NASDAQ:ADBE
Read Analysts Reel In Targets For Adobe But It’s Still A Buy 
J. Jill, Inc Is Not Ready To Rally Back Up The Hill 
March 22, 2022 11:00 AM ET

J. Jill, Inc Is Not Ready To Rally Back Up The Hill 

Thomas Hughes

J. Jill, Inc (NYSE: JILL) reported a fantastic FQ4 and even gave fairly robust guidance but it is not, we think, enough to sustain a rally. While the company was able to grow revenue from last year and widen its margin the outlook for this year is tepid at best.

NYSE:JILL
Read J. Jill, Inc Is Not Ready To Rally Back Up The Hill 
FreightCar America Finally Gets On Track 
March 22, 2022 11:00 AM ET

FreightCar America Finally Gets On Track 

Thomas Hughes

We’ve been waiting for FreightCar America (NASDAQ: RAIL) to put in some solid numbers and after many quarters, systemic headwinds, COVID-related closures, and rising input costs the company has done just that

NASDAQ:RAIL
Read FreightCar America Finally Gets On Track 
Nike Leads Dow 30 Higher, More Upside Could Be Ahead
March 22, 2022 8:00 AM ET

Nike Leads Dow 30 Higher, More Upside Could Be Ahead

Thomas Hughes

Shares of Nike (NYSE: NKE) are up more than 8% in the wake of the FQ3 earnings report and are leading the Dow 30 higher. The DJI is up nearly a full percent with the aid of Nike and it, too, could be heading higher.

NYSE:NKE
Read Nike Leads Dow 30 Higher, More Upside Could Be Ahead
DocuSign CEO Bets Big On Company’s Future 
March 22, 2022 7:00 AM ET

DocuSign CEO Bets Big On Company’s Future 

Thomas Hughes

Shares of DocuSign (NASDAQ: DOCU) have been in a correction for several quarters due to slowing growth and it hit a new low in the wake of the FQ4 results. The good news is that a bottom is now in play due to an uptick in insider and institutional activity.

NASDAQ:DOCU
Read DocuSign CEO Bets Big On Company’s Future 
The Three Most Upgraded Stocks In Q1 2022
March 22, 2022 4:00 AM ET

The Three Most Upgraded Stocks In Q1 2022

Thomas Hughes

The analysts are a fickle bunch whose sentiment toward a stock can change at a moment's notice. As hard as it is to succeed by simply following the analysts and their ratings, when there is a clear trend in analyst sentiment, either good or bad, it can have a meaningful impact on stock market price action.

NASDAQ:AAPLNASDAQ:TSLANYSE:CVX
Read The Three Most Upgraded Stocks In Q1 2022
Insiders And Institutions Buy Skechers U.S.A. 
March 21, 2022 8:00 AM ET

Insiders And Institutions Buy Skechers U.S.A. 

Thomas Hughes

The insiders and institutions are buying Skechers U.S.A (NYSE: SKX) and may have put a bottom in share prices. While the trend in insider activity over the past year has been bearish the most recent and last two transactions signal a change in sentiment.

NYSE:SKX
Read Insiders And Institutions Buy Skechers U.S.A. 
The Analysts Put Dollar General On Track For An All-Time High 
March 21, 2022 7:00 AM ET

The Analysts Put Dollar General On Track For An All-Time High 

Thomas Hughes

Dollar General (NYSE: DG) shares have not been immune to market malaise but those sad days are behind us. The company’s stock began reversing from a bottom days before the Q4 earnings were released and now they are rocketing higher in a very well pronounced Vee-bottom.

NYSE:DG
Read The Analysts Put Dollar General On Track For An All-Time High 
The Institutions Are Buying The Dip In FedEx 
March 18, 2022 7:00 AM ET

The Institutions Are Buying The Dip In FedEx 

Thomas Hughes

The institutions like what FedEx (NYSE: FDX) is delivering and have been buying the stock. Their purchases coincided with a bottom in price action that has the stock poised to move higher. The net of activity in the 1st 10 weeks of Q1 is worth 2.25% of the total shares and puts the institutional ownership at 77.75% and growing.

NYSE:FDX
Read The Institutions Are Buying The Dip In FedEx 
Results And Analysts Put A Bottom In Semtech
March 18, 2022 3:00 AM ET

Results And Analysts Put A Bottom In Semtech

Thomas Hughes

After correcting more than 30% from the recent highs it looks like the bottom is in for Semtech (NASDAQ: SMTC). Unlike other rallies in the market this week, this one is not aided by a high short interest so looks like the real thing

NASDAQ:SMYC
Read Results And Analysts Put A Bottom In Semtech
The Bottom Is In For Williams-Sonoma But Wait to Buy It 
March 17, 2022 8:00 AM ET

The Bottom Is In For Williams-Sonoma But Wait to Buy It 

Thomas Hughes

Shares of Williams-Sonoma (NYSE: WSM) rocketed higher following the Q4 earnings report but don’t buy into the move just yet. While the results confirm the underlying thesis in the stock the pop in prices is as much to do with short-covering as anything else.

NYSE:WSM
Read The Bottom Is In For Williams-Sonoma But Wait to Buy It 
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