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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 96

Petco Health+Wellness Is Good For Your Portfolio 
March 7, 2022 11:00 PM ET

Petco Health+Wellness Is Good For Your Portfolio 

Thomas Hughes

Competition or not, Petco Health+Wellness (NASDAQ: WOOF) is well-positioned within the growing pet care industry and shares of its stock are ready to move higher. The stock has been in a downtrend driven by the combination of waning analysts sentiment and a rising short interest but that move is played.

Read Petco Health+Wellness Is Good For Your Portfolio 
Add This Fintech Stock To Your Watchlist Today
March 7, 2022 11:00 PM ET

Add This Fintech Stock To Your Watchlist Today

Thomas Hughes

IDT Corporation (NYSE: IDT)  is emerging as a hot microcap fintech play and it’s one we want to put on our watchlist. The company engages in a variety of communications markets including traditional phone/mobile, payments, and money transfers.

NYSE:IDT
Read Add This Fintech Stock To Your Watchlist Today
Analysts And Institutions Turn On BJ’s Wholesale Club 
March 7, 2022 7:00 AM ET

Analysts And Institutions Turn On BJ’s Wholesale Club 

Thomas Hughes

BJ’s Wholesale Club (NYSE: BJ) had a record-setting year in 2021 and the good times are not over. The bad news is that growth is underpinned by rising gas prices, margins are tightening, and COVID-19 tailwinds are no longer blowing

NYSE:BJ
Read Analysts And Institutions Turn On BJ’s Wholesale Club 
Analysts Push Kroger To New Highs
March 7, 2022 7:00 AM ET

Analysts Push Kroger To New Highs

Thomas Hughes

Shares of Kroger (NYSE: KR) are skyrocketing in the wake of the Q4 results and newly disclosed growth plans and we think the analysts will send the stock even higher. The analyst's community has been raising their price targets on the stock and is still lagging the market.

NYSE:KR
Read Analysts Push Kroger To New Highs
Volatility Spikes On Russian Aggression, Equity Markets Reverse 
March 7, 2022 5:00 AM ET

Volatility Spikes On Russian Aggression, Equity Markets Reverse 

Thomas Hughes

Russian aggression in Ukraine remains unchecked and is driving volatility in global markets. The latest news has Putin manipulating ceasefire agreements in his efforts to push deeper into the embattled territory.

NYSEARCA:SPY
Read Volatility Spikes On Russian Aggression, Equity Markets Reverse 
Analysts Lift Targets On Costco But Upside Is Limited
March 4, 2022 7:00 AM ET

Analysts Lift Targets On Costco But Upside Is Limited

Thomas Hughes

The analysts are still on board the Costco (NASDAQ: COST) growth train even though it is obvious COVID-19 tailwinds are long gone and growth is slowing. The latest shout-outs come in the wake of the Q2 earnings report and include a reiterated Overweight rating from Wells Fargo and a price target increase from Telsey which rates the stock at Outperform. 

NASDAQ:COSt
Read Analysts Lift Targets On Costco But Upside Is Limited
It’s Time To Walk, No Run, Away From Okta
March 3, 2022 10:00 AM ET

It’s Time To Walk, No Run, Away From Okta

Thomas Hughes

The institutions are shedding Okta (NASDAQ: OKTA) and we think you should too. The institutional activity was moderate in the 2nd half of 2021 but picked up noticeably in Q1 and not for the better.

NASDAQ:OKTA
Read It’s Time To Walk, No Run, Away From Okta
Best Buy Is One Of The Best Value Stocks Right Now 
March 3, 2022 10:00 AM ET

Best Buy Is One Of The Best Value Stocks Right Now 

Thomas Hughes

Best Buy (NYSE: BBY) just reported one of the most lackluster quarters we’ve seen this reporting period and yet shares are moving higher. Why? Because the company is actively investing in its future and a new growth trajectory is emerging. While it is very early in the game, it looks like Best Buy may finally break out of its malaise and there’s more.

NYSE:BBY
Read Best Buy Is One Of The Best Value Stocks Right Now 
The Analysts See Value In Dutch Bros Inc. 
March 3, 2022 8:00 AM ET

The Analysts See Value In Dutch Bros Inc. 

Thomas Hughes

Dutch Bros Inc. (NYSE: BROS) issued a mixed report and garnered at least one price target reduction because of it, but the analysts still see value in the stock. The single price target reduction to hit our radar comes from Cowen which lowered the target to $65 and is in line with the broad Marketbeat.com consensus figure.

NYSE:BROS
Read The Analysts See Value In Dutch Bros Inc. 
It’s Not Too Late To Buy These Oil Stocks 
March 3, 2022 6:00 AM ET

It’s Not Too Late To Buy These Oil Stocks 

Thomas Hughes

If you are wondering where the price of oil is going or it is not too late to buy oil stocks we’re here to tell you that oil prices and the energy complex are going higher, much higher. We think WTI will go well over $130 per barrel and set a new all-time high.

NYSE:XOMNYSE:VLONYSE:WMB
Read It’s Not Too Late To Buy These Oil Stocks 
Salesforce Moves Higher Despite Series Of Price Target Reductions
March 3, 2022 4:05 AM ET

Salesforce Moves Higher Despite Series Of Price Target Reductions

Thomas Hughes

The analysts still love Salesforce.com (NYSE: CRM) despite the round of price target reductions it just received. The company reported a stellar quarter and raised its guidance but the analyst still felt the need to adjust their targets.

NYSE:CRM
Read Salesforce Moves Higher Despite Series Of Price Target Reductions
Ross Stores Moves Higher On Greatly Improved Long Term Outlook 
March 2, 2022 6:05 AM ET

Ross Stores Moves Higher On Greatly Improved Long Term Outlook 

Thomas Hughes

Shares of Ross Stores (NASDAQ: ROST) are moving up because of a combination of factors that include performance, capital returns, and a greatly improved outlook for long-term growth. The company says that, due to changes within the industry, they are now forecasting as much as 20% more growth over the long term than they were previously.

NASDAQ:ROST
Read Ross Stores Moves Higher On Greatly Improved Long Term Outlook 
Hormel, Another Consumer Staple The Institutions Are Buying 
March 2, 2022 4:10 AM ET

Hormel, Another Consumer Staple The Institutions Are Buying 

Thomas Hughes

The institutions have been buying Hormel (NYSE: HRL) and we are not surprised by the news. The institutions have been shifting their attention to blue chips and dividends including Consumer Staples and we see that trend continuing for the foreseeable future.

NYSE:HRL
Read Hormel, Another Consumer Staple The Institutions Are Buying 
A Sweet Time To Buy The J.M. Smucker Company 
March 1, 2022 11:00 PM ET

A Sweet Time To Buy The J.M. Smucker Company 

Thomas Hughes

The J.M. Smucker Company (NYSE: SJM) had a great FQ3 but one thing is clear and it is weighing on share prices. The supply chain and inflationary disruptions are impacting FQ4 results, the current quarter, and the company guided the market lower because of it.

NYSE:SJM
Read A Sweet Time To Buy The J.M. Smucker Company 
Institutions Buy The Dips In Freshpet
March 1, 2022 10:00 AM ET

Institutions Buy The Dips In Freshpet

Thomas Hughes

Shares of Freshpet (NASDAQ: FRPT) have been in a downtrend since hitting their peak in early 2021 but the institutions are buying the stock on the dips. Not only have the institutions purchased roughly 20% of the market cap (with shares trading near $105) but the buying activity peaks in tandem with lows in share price and that trend is holding true in 2022.

NASDAQ:FRPT
Read Institutions Buy The Dips In Freshpet
A Tasty Opportunity For Shares Of Wendy’s 
March 1, 2022 10:00 AM ET

A Tasty Opportunity For Shares Of Wendy’s 

Thomas Hughes

Shares of Wendy’s (NASDAQ: WEN) are moving lower following the Q4 release and we think this is an opportunity to buy into the market. The company’s Q4 results and outlook are better than expected, if marginally, and by no means warrant a pullback in share prices.

NASDAQ:WEN
Read A Tasty Opportunity For Shares Of Wendy’s 
Analysts Lower Ambarella Price Targets After Lackluster Guidance 
March 1, 2022 8:00 AM ET

Analysts Lower Ambarella Price Targets After Lackluster Guidance 

Thomas Hughes

The market for Ambarella (NASDAQ: AMBA) is imploding despite the company’s strong results and outlook for 2022. The key takeaway is the company is doing a strong business, gaining market share, and providing positive guidance but the news is all priced into the market.

NASDAQ:AMBA
Read Analysts Lower Ambarella Price Targets After Lackluster Guidance 
The Reversal In Lordstown Motors Skids To A Halt 
March 1, 2022 7:00 AM ET

The Reversal In Lordstown Motors Skids To A Halt 

Thomas Hughes

Shares of Lordstown Motors (NASDAQ: RIDE) popped in the wake of the earnings release but the gains were soon given up. The company reiterated its guidance amid some other good news and put the market for the stock into a reversal.

NASDAQ:RIDE
Read The Reversal In Lordstown Motors Skids To A Halt 
Russian Sanctions Roil Markets, Gold Rises 
February 28, 2022 10:00 AM ET

Russian Sanctions Roil Markets, Gold Rises 

Thomas Hughes

What the Russian sanctions will ultimately mean for the global economy will take time to unravel but one thing is clear. Russia may be a small economy but it is vital to the global system.

NYSEARCA:GLD
Read Russian Sanctions Roil Markets, Gold Rises 
The Analysts Buy Into Molson Coors Revitalization Plans 
February 28, 2022 8:00 AM ET

The Analysts Buy Into Molson Coors Revitalization Plans 

Thomas Hughes

Molson Coors (NYSE: TAP)  has been working on a revitalization plan that includes premiumization of the portfolio and the analysts are buying into it. At least two major sell-side firms including Citigroup and Morgan Stanley have come out in the wake of the Q4 earnings report to up the price targets if not the rating.

NYSE:TAP
Read The Analysts Buy Into Molson Coors Revitalization Plans 
Wolverine Worldwide A Comfortable Fit For The Institutions 
February 28, 2022 7:00 AM ET

Wolverine Worldwide A Comfortable Fit For The Institutions 

Thomas Hughes

Wolverine Worldwide (NYSE: WWW) has been dealing with its share of pandemic-related and supply chain issues and that has been seen in the share price. The price action peaked early in 2021 and has been in a downtrend ever since

NYSE:WWW
Read Wolverine Worldwide A Comfortable Fit For The Institutions 
Volatility Spikes On Russian Aggression In Ukraine 
February 25, 2022 6:00 AM ET

Volatility Spikes On Russian Aggression In Ukraine 

Thomas Hughes

Volatility (INDEXCBOE: VIX) has spiked in the wake of the Russian invasion of Ukraine. While the pundits and talking heads debate the causes, what went wrong, and what the outcome will be, traders and investors need to brace for increased volatility and whipsaw action in the market.

INDEX:VIX
Read Volatility Spikes On Russian Aggression In Ukraine 
Deere & Company Gets Upgrades Despite Margin Fear
February 25, 2022 4:20 AM ET

Deere & Company Gets Upgrades Despite Margin Fear

Thomas Hughes

Shares of Deere & Company (NYSE: DE) entered a protracted selloff in the wake of the Q1 earnings report. The market appears to be focused on words like persistent challengers, pandemic, inflation, and margin contraction rather than the company’s outperformance and increased guidance

NYSE:DE
Read Deere & Company Gets Upgrades Despite Margin Fear
It’s Time To Snack On Ruth’s Hospitality Group 
February 25, 2022 4:15 AM ET

It’s Time To Snack On Ruth’s Hospitality Group 

Thomas Hughes

Shares of Ruth’s Hospitality Group (NASDAQ: RUTH) tanked and tanked hard in the wake of the Q4 earnings release but we’re not surprised the loss has already been recovered. Institutional buying has been aggressively bullish the last year and especially YTD in 2022 and the results aren’t bad.

NASDAQ:RUTH
Read It’s Time To Snack On Ruth’s Hospitality Group 
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