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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 95

This Is A Buyable Bottom For Homebuilder Lennar
March 17, 2022 7:00 AM ET

This Is A Buyable Bottom For Homebuilder Lennar

Thomas Hughes

Shares of Lennar (NYSE: LEN) have been in a downtrend due to mounting fears supply chain issues and inflation would not only cut into results but curb demand. The downtrend may be over because the FQ1 results and outlook for the year have laid those fears to rest.

NYSE:LEN
Read This Is A Buyable Bottom For Homebuilder Lennar
The Bottom Is In For Jabil, Inc, But Don’t Buy It Yet 
March 17, 2022 2:00 AM ET

The Bottom Is In For Jabil, Inc, But Don’t Buy It Yet 

Thomas Hughes

Jabil, Inc (NYSE: JBL) is benefiting from secular tailwinds and strong demand in all end-markets and that has shares up more than 7.0% following the FQ2 results. The problem, for us, is that price action after the pop is a little bearish and the analysts have yet to say anything.

NYSE:JBIL
Read The Bottom Is In For Jabil, Inc, But Don’t Buy It Yet 
If The Shoe Fits, Buy Shoe Carnival Stock For Dividend Growth
March 17, 2022 2:00 AM ET

If The Shoe Fits, Buy Shoe Carnival Stock For Dividend Growth

Thomas Hughes

Shares of Shoe Carnival (NASDAQ: SCVL) are rocketing higher on a combination of factors that we see driving the price action back to the recently set all-time highs. Not only is there a whopping 16% short-interest and short-squeeze in play but the company’s results and outlook are well above consensus.

NASDAQ:SCVL
Read If The Shoe Fits, Buy Shoe Carnival Stock For Dividend Growth
G-III Apparel, Another Great Stock You Should Wait To Buy 
March 16, 2022 11:00 PM ET

G-III Apparel, Another Great Stock You Should Wait To Buy 

Thomas Hughes

Shares of G-III Apparel (NASDAQ: GIII) popped in the wake of the Q4 earnings report and will likely move higher over the long term. In the near term, however, there is a shadow hanging over the market that will likely cap gains if not drive them back to retest support.

NASDAQ:GIII
Read G-III Apparel, Another Great Stock You Should Wait To Buy 
The Analysts Put A Bottom In Crowdstrike
March 16, 2022 8:00 AM ET

The Analysts Put A Bottom In Crowdstrike

Thomas Hughes

Crowdstrike (NASDAQ: CRWD) sparked a round of analysis chatter with its Q4 earnings report and the chatter is mixed. That said, there is one clear takeaway from the report and the analyst's commentary and that is this stock is undervalued.

NASDAQ:CRWD
Read The Analysts Put A Bottom In Crowdstrike
Metaverse Stock Zedge Is Getting Bought By The Institutions 
March 16, 2022 7:00 AM ET

Metaverse Stock Zedge Is Getting Bought By The Institutions 

Thomas Hughes

Metaverse stock Zedge (NYSE;: ZDGE) has been working diligently on expanding its offering, boosting revenue, and driving earnings power and those efforts have begun to pay off. The Q2 results not only came in strong but exceeded the expectations by more than 1100 basis points and are, we think, about to spark a rise in share prices that will be supported by the institutions and the analysts.

NYSEAMERICAN:ZDGE
Read Metaverse Stock Zedge Is Getting Bought By The Institutions 
Coupa Software Hits Bottom But What Comes Next? 
March 16, 2022 4:30 AM ET

Coupa Software Hits Bottom But What Comes Next? 

Thomas Hughes

Coupa Software (NASDAQ: COUP) is a cloud-based SaaS company offering business-spend services worldwide. The company’s services got a boost from the pandemic and have been in high demand but one thing is clear from the results,

NASDAQ:COUP
Read Coupa Software Hits Bottom But What Comes Next? 
Kandi Technologies Q4 Results Are Not So Sweet
March 15, 2022 6:15 AM ET

Kandi Technologies Q4 Results Are Not So Sweet

Thomas Hughes

Shares of Kandi Technologies (NASDAQ: KNDI) have been moving steadily lower the past few months and look like they will continue to head lower at least in the near term. The company has been working hard on a transformation that is paying off but is still in its earliest phases.

NASDAQ:KNDI
Read Kandi Technologies Q4 Results Are Not So Sweet
Small-Cap Digitial Media Solutions Is In Deep-Value Range 
March 15, 2022 6:05 AM ET

Small-Cap Digitial Media Solutions Is In Deep-Value Range 

Thomas Hughes

Digital Media Solutions (NYSE: DMS) is among the smallest of the microcap stocks in our coverage universe but it deserves its place. The company is a digital marketing specialist with a focus on performance marketing based on its dynamic diversification model.

NYSE:DMS
Read Small-Cap Digitial Media Solutions Is In Deep-Value Range 
The Top Three Stocks Insiders Are Buying 
March 15, 2022 4:15 AM ET

The Top Three Stocks Insiders Are Buying 

Thomas Hughes

Insider buying has long been hailed as a bullish signal because there is really only one reason for an insider to buy more of the company they already own, they think the stock is undervalued and/or going to move higher. That’s why screens of insider buying can be so valuable.

NYSE:DNBNYSE:ASANNYSE:GIC
Read The Top Three Stocks Insiders Are Buying 
The Analysts Are Buying Casey’s General Stores
March 14, 2022 9:00 AM ET

The Analysts Are Buying Casey’s General Stores

Thomas Hughes

Price action in Casey’s General Stores (NASDAQ: CASY) has been trending lower over the past few quarters but it looks like the market is trying to put in a bottom. The Q3 results were a bit mixed but come with one notable takeaway, the company has been able to widen its margins and maintain earnings outperformance despite difficult macro conditions and we see this trend continuing.

NASDAQ:CASY
Read The Analysts Are Buying Casey’s General Stores
Insiders Sell, Institutions Buy Ciena Corporation 
March 14, 2022 7:00 AM ET

Insiders Sell, Institutions Buy Ciena Corporation 

Thomas Hughes

Ciena Corporation (NASDAQ: CIEN) has been in a freefall for the last month or so and might be heading lower in the near term. The bad news is that results, however good, are completely priced into the market and general market conditions are deteriorating.

NASDAQ:CIEN
Read Insiders Sell, Institutions Buy Ciena Corporation 
Shopify Is The Most Downgraded Stock You Want To Buy
March 13, 2022 11:00 PM ET

Shopify Is The Most Downgraded Stock You Want To Buy

Thomas Hughes

Shopify (NYSE: SHOP) is the most downgraded stock at the end of the Q4 earnings reporting cycle and we think it might be time to start looking into a purchase. The stock is down more than 66% from its high and offering a discount to the expectations even now, after a massive round of analysts downgrades.

NYSE:SHOP
Read Shopify Is The Most Downgraded Stock You Want To Buy
Beware Analysts Sentiment In Oracle Is Ailing 
March 11, 2022 5:00 AM ET

Beware Analysts Sentiment In Oracle Is Ailing 

Thomas Hughes

The analysts are still on board the Oracle (NASDAQ: ORCL) bandwagon but their sentient was been waning and may fall further in the wake of the Q3 earnings report. The 25 analysis rating the stock has yet to come out with commentary but the pre-release action is telling.

NASDAQ:ORCL
Read Beware Analysts Sentiment In Oracle Is Ailing 
The Tide May Be Turning For Stitch Fix, Inc
March 11, 2022 2:00 AM ET

The Tide May Be Turning For Stitch Fix, Inc

Thomas Hughes

Price action in Stitch Fix (NASDAQ: SFIX) has been wild over the past two years, first taking the stock up to all-time highs on pandemically-inspired tailwinds then back down to rock bottom pricing as tough comps, inflation, and supply-chain headwinds cut into the results.

NASDAQ:SFIX
Read The Tide May Be Turning For Stitch Fix, Inc
Cricut Fails To Impress The Market And Shares Go On Sale 
March 10, 2022 10:00 AM ET

Cricut Fails To Impress The Market And Shares Go On Sale 

Thomas Hughes

Cricut (NASDAQ: CRCT) is an exciting growth story with plenty of pandemic tailwinds behind it. The company makes a line of IoT-connected crafting machines that is complimented by a robust subscription service and materials business as well.

NASDAQ:CRCT
Read Cricut Fails To Impress The Market And Shares Go On Sale 
The Institutions Nibble On High-Yield Weyco Group 
March 10, 2022 8:00 AM ET

The Institutions Nibble On High-Yield Weyco Group 

Thomas Hughes

Weyco Group (NASDAQ: WEYS) has been struggling with pandemic conditions and the fallout from them for some time but those days may be over. The company gave a blowout Q4 report that suggests not only is demand strong for the brands within this shoe empire and supply chain challenges have been well mitigated.

NASDAQ:WEYS
Read The Institutions Nibble On High-Yield Weyco Group 
A Stock Market Correction Worse Than The Pandemic?
March 10, 2022 7:00 AM ET

A Stock Market Correction Worse Than The Pandemic?

Thomas Hughes

The new chatter on Wall Street is that a stock market correction worse than the pandemic is brewing for the S&P 500 (NYSEARCA: SPY). Whether or not that actually happens, this is a growing fear and one that will have an impact on the market.

NYSEARCA:SPY
Read A Stock Market Correction Worse Than The Pandemic?
Campbells Soup Company High-Yield Goes On Sale 
March 10, 2022 4:05 AM ET

Campbells Soup Company High-Yield Goes On Sale 

Thomas Hughes

Campbells Soup Company (NYSE: CPB) is among the more attractive consumer discretionary stocks and its shares just went on sale. The stock is trading at only 15X its earnings while yielding over 3.5% with earnings improvement and dividend growth in the forecast.

NYSE:CPB
Read Campbells Soup Company High-Yield Goes On Sale 
REV Group Grinds Its Gears On Supply Chain Headwinds
March 9, 2022 6:00 AM ET

REV Group Grinds Its Gears On Supply Chain Headwinds

Thomas Hughes

REV Group (NYSE: REVG) released its Q1 results and one thing is glaringly clear; supply chain constraints continue to impact both the top and bottom lines. This issue has the shares down more than 25% from their 2021 high but a reversal may be at hand.

NYSE:REVG
Read REV Group Grinds Its Gears On Supply Chain Headwinds
Insiders And Institutions Buy Thor Industries In Q1 2022
March 9, 2022 4:10 AM ET

Insiders And Institutions Buy Thor Industries In Q1 2022

Thomas Hughes

Thor Industries (NYSE: THO) reported a blowout FQ2 and we are not surprised. Not only are there strong tailwinds blowing throughout the industry but the company has been working on capacity, building inventory, and acquiring growth as well.

NYSE:THO
Read Insiders And Institutions Buy Thor Industries In Q1 2022
J.B. Hunt Upgraded On Back Half Improvement 
March 9, 2022 4:05 AM ET

J.B. Hunt Upgraded On Back Half Improvement 

Thomas Hughes

Price action in J.B. Hunt (NASDAQ: JBHT) has been trending steadily higher since hitting the pandemic bottom and we think that trend will continue. Not only are there economic tailwinds to support the business but also the hope of supply chain improvement in the back half of the year.

NASDAQ:JBHT
Read J.B. Hunt Upgraded On Back Half Improvement 
The Bottom Is In For Desktop Metal 
March 8, 2022 10:00 AM ET

The Bottom Is In For Desktop Metal 

Thomas Hughes

Desktop Metal (NYSE: DM) is an interesting story in that it manufactures and markets a line of 3-D printing solutions for applications of differing sizes. The company has been positioning itself over the past year as a leading supplier of material as well as equipment but ultimately struggled with COVID-induced conditions.

NYSE:DM
Read The Bottom Is In For Desktop Metal 
It’s Time To Shop For Dick’s Sporting Goods Again 
March 8, 2022 9:00 AM ET

It’s Time To Shop For Dick’s Sporting Goods Again 

Thomas Hughes

After correcting more than 30% over the past several quarters it looks like Dick’s Sporting Goods (NYSE: DKS) is at the bottom. The sell-off is more to do with expectations and systemwide hurdles than actual results and is aided by a high amount of short interest.

NYSE:DKS
Read It’s Time To Shop For Dick’s Sporting Goods Again