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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 94

Three Beaten Up Stocks The Insiders Are Buying 
April 14, 2022 6:05 AM ET

Three Beaten Up Stocks The Insiders Are Buying 

Thomas Hughes

Today’s screen for insider buying stocks turned up three names that we are interested in. Groupon, Desktop Metal, and Sonic Automotive all have a positive outlook for business but their share prices have been trending lower on a variety of concerns.

NASDAQ:GRPNNYSE:DMNYSE:SAH
Read Three Beaten Up Stocks The Insiders Are Buying 
Fasten Your Seatbelts, Fastenal Is About To Move Higher 
April 14, 2022 6:05 AM ET

Fasten Your Seatbelts, Fastenal Is About To Move Higher 

Thomas Hughes

Fastenal (NASDAQ: FAST) has been on our watchlist for quite some time due to its positioning in the industrial, housing, and retail markets. The company manufacturers and markets a wide range of tools, safety products, and fasteners (nails, screws, staples, etc) and is reporting strong demand in all channels.

NASDAQ:FAST
Read Fasten Your Seatbelts, Fastenal Is About To Move Higher 
Bed Bath & Beyond Uncovers The Problem With Q1 Earnings Season
April 14, 2022 6:05 AM ET

Bed Bath & Beyond Uncovers The Problem With Q1 Earnings Season

Thomas Hughes

Bed Bath & Beyond (NASDAQ: BBBY) had a horrible quarter impacted by supply chain disruptions that have its inventory in transit or sitting in port. As bad as the news is for Bed Bath & Beyond investors the repercussion for the market is much more severe.

NASDAQ:BBBY
Read Bed Bath & Beyond Uncovers The Problem With Q1 Earnings Season
When Jamie Dimon Braces For Risks So Do We 
April 14, 2022 4:05 AM ET

When Jamie Dimon Braces For Risks So Do We 

Thomas Hughes

We don’t know Jamie Dimon personally but, after years of market watching, we have come to have great respect for this cool, calm, collected leader of the world's largest consumer bank. When he says he’s bracing for higher risks we take it seriously, not because he said it but because it echoes our own outlook for the near to mid-term.

NYSE:JPM
Read When Jamie Dimon Braces For Risks So Do We 
OrganiGram’s Turnaround Begins To Blossom 
April 13, 2022 3:00 AM ET

OrganiGram’s Turnaround Begins To Blossom 

Thomas Hughes

OrganiGram (NASDAQ: OGI) reached a turning point in Q1 in which profitability became truly in reach. The company updated its outlook for profitability from Q4 to Q3 of the current fiscal year and the outlook is accelerating again.

NASDAQ:OGI
Read OrganiGram’s Turnaround Begins To Blossom 
Three Dividend Stocks With Growth Potential 
April 13, 2022 1:00 AM ET

Three Dividend Stocks With Growth Potential 

Thomas Hughes

Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay dividends but business growth typically means capital appreciation as well. What this boils down to is called total returns, or the sum of your dividends and capital returns, and dividend growth stocks deliver the best total returns. 

NYSE:ABBVNYSE:PEPNYSE:JNPR
Read Three Dividend Stocks With Growth Potential 
Insiders Are Selling Palo Alto Networks 
April 12, 2022 8:00 AM ET

Insiders Are Selling Palo Alto Networks 

Thomas Hughes

Insiders have been selling Palo Alto Networks (NASDAQ: PANW) on a regular basis but it is nothing for shareholders to be worried about. The sales are small, periodic, incredibly regular, and spread among a wide range of execs and board members so are consistent with share-based compensation and not a red flag the company is failing.

NASDAQ:PANW
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Headwinds Mount For Carmax, Don’t Count On Higher Share Prices 
April 12, 2022 7:00 AM ET

Headwinds Mount For Carmax, Don’t Count On Higher Share Prices 

Thomas Hughes

Carmax (NYSE: KMX) put in a good quarter to be sure but the report is rife with evidence inflation is hurting the economy. The company produced a solid increase in revenue versus the year-ago period but the gains are driven almost entirely by price increases.

NYSE:KMX
Read Headwinds Mount For Carmax, Don’t Count On Higher Share Prices 
Schlumberger Analyst Coverage Drives Market Higher 
April 12, 2022 2:00 AM ET

Schlumberger Analyst Coverage Drives Market Higher 

Thomas Hughes

Schlumberger (NYSE: SLB) stock has been moving higher on warming analysts' sentiment and that sentiment is coming to a boil. There have been at least 5 upgrades or price target increases since March 31st and we don’t see this trend ending.

NYSE:SLB
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3 Undervalued Stocks The Insiders Are Buying
April 11, 2022 9:00 AM ET

3 Undervalued Stocks The Insiders Are Buying

Thomas Hughes

Insider buying is always a good indication a stock is undervalued and, in cases such as we have today when the stocks are actually undervalued the signal is all the stronger. Dave & Busters (NYSE: PLAY), JELD-WEN (NYSE: JELD), and Rocket Company (NYSE: RKT) are all businesses supported by secular trends but hampered by near-term headwinds.

NYSE:PLAYNYSE:JELDNYSE:RKT
Read 3 Undervalued Stocks The Insiders Are Buying
Updraft In Analysts Sentiment Lifts Albertsons Companies, Inc 
April 11, 2022 8:00 AM ET

Updraft In Analysts Sentiment Lifts Albertsons Companies, Inc 

Thomas Hughes

Shares of Albertsons Companies, Inc (NYSE: ACI) are trading near their 2-year highs on what could be an acceleration of strategic improvement made over that time period. The company has been working on growth and profitability and is now entering a strategic review that could unlock shareholder value.

NYSE:ACI
Read Updraft In Analysts Sentiment Lifts Albertsons Companies, Inc 
The Market For Gamestop Is Near A Turning Point 
April 11, 2022 7:00 AM ET

The Market For Gamestop Is Near A Turning Point 

Thomas Hughes

Gamestop (NYSE: GME) is one of the most heavily traded stocks on Wallstreet for no reason we can think of other than hype. While the company is trying to reinvent itself in a manner that will produce consistent profits the outlook for profitability just isn’t there.

NYSE:GME
Read The Market For Gamestop Is Near A Turning Point 
The Institutional Insiders Are Buying WD-40 Company
April 8, 2022 4:15 AM ET

The Institutional Insiders Are Buying WD-40 Company

Thomas Hughes

WD-40 Company (NASDAQ: WDFC) is a stock we like to own but you have to be prepared for some volatility. The business is trending higher on internal efforts to expand territory and deepen penetration but it can be spotty on a quarter to quarter basis.

NASDAQ:WDFC
Read The Institutional Insiders Are Buying WD-40 Company
Inflation Drags On Conagra Brands Results
April 7, 2022 10:00 AM ET

Inflation Drags On Conagra Brands Results

Thomas Hughes

Conagra Brands (NYSE: CAG) had a good quarter when it comes to revenue but the ravaging impact of inflation is everywhere in the report. Not only is inflationary pressure cutting into the bottom line but it is also having an impact on volume sales and the company is planning to raise prices again.

NYSE:CAG
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Lamb Weston Is One Hot Potato 
April 7, 2022 10:00 AM ET

Lamb Weston Is One Hot Potato 

Thomas Hughes

Lamb Weston (NYSE: LW) has been struggling with growth and it still is. The Q3 results were mixed at best and driven by pricing actions intended to offset the impacts of higher potato costs, higher freight costs, and systemic disruptions that are cutting into results.

NYSE:LW
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The Institutions Like The Fit Of Levi Strauss & Co. 
April 7, 2022 4:05 AM ET

The Institutions Like The Fit Of Levi Strauss & Co. 

Thomas Hughes

Shares of Levi Strauss & Co. (NYSE: LEVI) are moving higher in the wake of the Q1 earnings report because of a successful price pass-through that is indicative of the selling environment in general. Demand for Levi Strauss & Co. products is so high the company was able to leverage its pricing power in more ways than one.

NYSE:LEVI
Read The Institutions Like The Fit Of Levi Strauss & Co. 
Analog Devices Raises Its Long-Term Growth Targets
April 7, 2022 3:00 AM ET

Analog Devices Raises Its Long-Term Growth Targets

Thomas Hughes

Price action in Analog Devices (NASDAQ: ADI) wobbled in the wake of its investor day event but seems to have steadied now. In the event, the company laid out its new vision and how it expects to achieve a 7% to 10% CAGR over the next few years.

NASDAQ:ADI
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RPM International Puts The Reversal Into Higher Gear
April 7, 2022 2:00 AM ET

RPM International Puts The Reversal Into Higher Gear

Thomas Hughes

RPM International (NASDAQ: RPM) has been on our radar not only because it is so well positioned for the post-COVID economic recovery and expansion but because it is a telling indicator of economic conditions. The company makes paints, coatings, and specialty products for the construction, industrial, and consumer groups and is not only a leading cost for many parts of the economy but on the front line of inflationary pressures impacting businesses throughout the system.

NASDAQ:RPM
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Micro-Cap Richardson Electronics Pulls Back Into A Buy 
April 6, 2022 11:00 PM ET

Micro-Cap Richardson Electronics Pulls Back Into A Buy 

Thomas Hughes

Richardson Electronics (NASDAQ: RELL) is a micro-cap company in business with the big boys. The company makes a wide range of power and microwave-related components for the communications, display, and healthcare industries so it is well supported by secular trends.

NASDAQ:RELL
Read Micro-Cap Richardson Electronics Pulls Back Into A Buy 
It’s Time To Start Buying Tilray Again
April 6, 2022 9:00 AM ET

It’s Time To Start Buying Tilray Again

Thomas Hughes

After years of struggling the U.S. cannabis industry appears to be gaining some momentum and that is good news for Tilray Brands, Inc (NASDAQ: TLRY). The recent passage of the MORE act through the House of Representatives is the latest example and one that may ultimately open the door to full legalization in the U.S.

NASDAQ:TLRY
Read It’s Time To Start Buying Tilray Again
It’s Another Smart Time To Buy SMART Global Holdings 
April 6, 2022 7:00 AM ET

It’s Another Smart Time To Buy SMART Global Holdings 

Thomas Hughes

SMART Global Holdings (NASDAQ: SGH) has been in a downtrend for the last two quarters due to a combination of factors that have nothing to do with the health of the business. Selling pressure begins with the institutions which were heavy sellers of the stock in Q4.

NASDAQ:SGH
Read It’s Another Smart Time To Buy SMART Global Holdings 
Chevron Is Moving Higher On Analyst Upgrades
April 5, 2022 11:00 AM ET

Chevron Is Moving Higher On Analyst Upgrades

Thomas Hughes

Chevron (NYSE: CVX) just turned up on one of our favorite screens, a screen for the most upgraded stocks in the market. As we’ve often said, buying a stock because an analyst says so isn’t the best way to invest but if the sentiment among a broad number of analysts is changing in a stock that is a stock we might want to own.

NYSE:CVX
Read Chevron Is Moving Higher On Analyst Upgrades
Why Did Acuity Brands, Inc Fall After Strong Q2 Results? 
April 5, 2022 10:00 AM ET

Why Did Acuity Brands, Inc Fall After Strong Q2 Results? 

Thomas Hughes

If you are asking yourself why did Acuity Brands, Inc (NYSE: AYI) fall 10% after reporting a better than expected quarter you are not alone. It took us a little bit of digging ourselves and the best we can come up with is the institutions are selling the stock.

NYSE:AYI
Read Why Did Acuity Brands, Inc Fall After Strong Q2 Results? 
JELD-WEN A Buy But Analysts Sentiment Is Slipping
April 5, 2022 8:00 AM ET

JELD-WEN A Buy But Analysts Sentiment Is Slipping

Thomas Hughes

Shares of JELD-WEN (NYSE: JELD) have been trending lower for the last few months and they move even lower before they start moving higher again. Although the analysts still rate the stock a firm Hold verging on Buy the trend in the Pricetargets.com consensus sentiment is decidedly bearish.

NYSE:JELD
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