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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 97

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
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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
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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
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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
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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
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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 
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.