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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 95

Three Stocks To Buy Before They Report Q1 Earnings 
April 5, 2022 7:00 AM ET

Three Stocks To Buy Before They Report Q1 Earnings 

Thomas Hughes

We expect the Q1 earnings reporting season to be rocky. Inflation and supply chain headwinds are mounting in the wake of the Ukrainian invasion and threaten both the top and bottom lines of many businesses. We’ve liked the furniture industry for several years because it got a head start on today’s problem when it began reshaping itself in the Trump/Xi Trade War.

NYSE:HVTNYSE:LZBNASDAQ:LOVE
Read Three Stocks To Buy Before They Report Q1 Earnings 
What To Expect From Q1 2022 Earnings Season 
April 5, 2022 2:00 AM ET

What To Expect From Q1 2022 Earnings Season 

Thomas Hughes

The Q1 2022 S&P 500 (NYSEARCA: SPY) earnings reporting season is set up for kick-off in about a week when JPMorgan Chase (NYSE: JPM) and some of the other big banks report their earnings. While the data is promising there is an underlying weakness within the market that we are very wary of.

NYSEARCA:SPY
Read What To Expect From Q1 2022 Earnings Season 
Insiders Are Buying LCI Industries 
April 4, 2022 8:00 AM ET

Insiders Are Buying LCI Industries 

Thomas Hughes

With shares down at a 1-year low and the entire RV industry outperforming expectations, we are not surprised to see insiders buying LCI Industries (NYSE: LCII). LCI Industries makes and markets a wide range of parts and components for OEMs and aftermarket RV owners and so is in high demand.

NYSE:LCII
Read Insiders Are Buying LCI Industries 
Three Downgrades That Shouldn’t Be Ignored 
April 4, 2022 7:00 AM ET

Three Downgrades That Shouldn’t Be Ignored 

Thomas Hughes

The peak of the Q1 2022 earnings reporting season is less than two weeks away and the analysts' activity is heating up. This time around, however, the activity is more bearish than not with revenue, earnings,  and price target downgrades dominating the news.

NYSE:DISNYSE:VNYSE:JPM
Read Three Downgrades That Shouldn’t Be Ignored 
Basset Furniture Industries Insider Buys Shares In Q1
April 1, 2022 7:00 AM ET

Basset Furniture Industries Insider Buys Shares In Q1

Thomas Hughes

If you need evidence that insider activity is an indicator of future stock performance, look no further than Basset Furniture Industries (NASDAQ: BSET). An insider in the company, William C. Warden, Jr., a director of the company, bought 5,000 shares in mid-February right when the company was producing the results it delivered in late March.

NASDAQ:BSET
Read Basset Furniture Industries Insider Buys Shares In Q1
High-Yielding Walgreens Boots Alliance Goes On Sale
March 31, 2022 10:00 AM ET

High-Yielding Walgreens Boots Alliance Goes On Sale

Thomas Hughes

Shares of Walgreens Boots Alliance (NASDAQ: WBA) imploded in the wake of what were otherwise stellar results and guidance because of COVID. The company didn’t catch COVID and there weren’t any major COVID-related shutdowns which is ultimately the problem.

NASDAQ:WBA
Read High-Yielding Walgreens Boots Alliance Goes On Sale
The Market Choked On Chewy, Inc Results 
March 31, 2022 10:00 AM ET

The Market Choked On Chewy, Inc Results 

Thomas Hughes

Chewy, Inc (NYSE: CHWY) is one of our favorite growth stories being an eCommerce giant focused exclusively on the pet category. While the pet category continues to grow and Chewy, Inc's revenue along with it so too are the inflationary headwinds and they are cutting into company profits.

NYSE:CHWY
Read The Market Choked On Chewy, Inc Results 
Institutional Support Has Paychex On Brink Of New All-Time Highs 
March 31, 2022 8:00 AM ET

Institutional Support Has Paychex On Brink Of New All-Time Highs 

Thomas Hughes

Paychex (NASDAQ: PAYX) results are starting to show the leverage we’ve been anticipating for the past few quarters. The company not only managed to keep a large percentage of its pre-COVID clients but it was also able to add on new ones at an above-average pace.

NASDAQ:PAYX
Read Institutional Support Has Paychex On Brink Of New All-Time Highs 
These Are Rock Bottom Prices For Five Below 
March 31, 2022 8:00 AM ET

These Are Rock Bottom Prices For Five Below 

Thomas Hughes

Shares of Five Below (NASDAQ: FIVE) are moving higher following its Q4 earnings release and guidance update for 2022. The move is being driven not by the results or the guidance because both of those are iffy at best but by the analysts who see potential in the company’s growth story.

NASDAQ:FIVE
Read These Are Rock Bottom Prices For Five Below 
Cal-Maine Foods Is On The Upswing, Finally 
March 31, 2022 4:15 AM ET

Cal-Maine Foods Is On The Upswing, Finally 

Thomas Hughes

Cal-Maine Foods (NASDAQ: CALM) struggled with profitability last year leading us to write the stock off at the end of 2021. That was a mistake because right about the time we were cutting the stock loose from our coverage sphere the egg-market fundamentals took a surprising turn for the better.

NASDAQ:CALM
Read Cal-Maine Foods Is On The Upswing, Finally 
RH Puts The Fear Of Inflation Into The Market
March 30, 2022 6:15 AM ET

RH Puts The Fear Of Inflation Into The Market

Thomas Hughes

RH (NYSE: RH) isn’t ailing but there are two things clear in the Q4 earnings report and subsequent conference call. The first is that growth is slowing. Growth is slowing from the very high 78% YOY pace set in Q1 and it is expected to continue slowing through the end of fiscal 2022.

NYSE:RH
Read RH Puts The Fear Of Inflation Into The Market
Micron Leads Chip Stocks Higher As Rebound Gains Momentum 
March 30, 2022 6:10 AM ET

Micron Leads Chip Stocks Higher As Rebound Gains Momentum 

Thomas Hughes

Shares of Micron (NASDAQ: MU) are rocketing higher in the wake of the FQ2 earnings report because of three things. The first is that results beat the already high expectations of the market, the second is that guidance is outpacing consensus on top of Q2 strength, and the third is the analysts.

NASDAQ:MU
Read Micron Leads Chip Stocks Higher As Rebound Gains Momentum 
Ford Insider Bets Big, Buys More Shares 
March 30, 2022 4:20 AM ET

Ford Insider Bets Big, Buys More Shares 

Thomas Hughes

Executive Chairman of Ford (NYSE: F) William Clay, Jr. surprised the market by disclosing his second purchase of company stock in the last 3 months. The new purchase is worth 267,697 shares or about $4.5 million which combines with the December activity for a total of 680,197 shares.

NYSE:F
Read Ford Insider Bets Big, Buys More Shares 
Solo Brands Is So Low It’s Almost Time To Buy It
March 30, 2022 2:00 AM ET

Solo Brands Is So Low It’s Almost Time To Buy It

Thomas Hughes

We’ve had our eyes on Solo Brands (NYSE: DTC) since its IPO a few months ago. In that time, the company has largely outperformed its expectations and seen its share steadily move lower. These facts may seem out of alignment and they are, the main reason for the downtrend in price action is an apathetic market and a large amount of short interest.

NYSE:DTC
Read Solo Brands Is So Low It’s Almost Time To Buy It
It’s “Game On!” For Academy Sports + Outdoors 
March 29, 2022 9:00 AM ET

It’s “Game On!” For Academy Sports + Outdoors 

Thomas Hughes

Academy Sports + Outdoors  (NASDAQ: ASO) Q4 results prove that America’s love of the outdoors is as strong as ever. The company’s results not only beat on the top and bottom lines but the guidance is good as well.

NASDAQ:ASO
Read It’s “Game On!” For Academy Sports + Outdoors 
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 
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