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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 98

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
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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
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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
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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
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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 
What A Russian Invasion Of Ukraine Means For The Market 
February 24, 2022 2:00 PM ET

What A Russian Invasion Of Ukraine Means For The Market 

Thomas Hughes

As dire as the news from Ukraine and Russia is, the selloff in equities sparked by the crisis appears to have already hit bottom. The S&P 500 (NYSEARCA: SPY) fell more than 2.0% on the news to extend its selloff to over 13.5% but hit a bottom and reclaimed all of the loss and more by the end of the session.

NYSEARCA:SPY
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The Wayfair Bull Market Is Way Over 
February 24, 2022 4:10 AM ET

The Wayfair Bull Market Is Way Over 

Thomas Hughes

Wayfair (NYSE: W) was one of the most exciting plays of the post-pandemic world but now that story is played. The two things that are abundantly clear in the Q4 results are that 1) the COVID tailwinds are no longer blowing and 2) the headwinds are mounting.

NYSE:W
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The Institutions Take A Big Drink Of Keurig Dr. Pepper
February 24, 2022 4:05 AM ET

The Institutions Take A Big Drink Of Keurig Dr. Pepper

Thomas Hughes

Shares of Keurig Dr. Pepper (NASDAQ: KDP) have been riding higher on a wave of revenue and earnings driven by post-pandemic spending and the completion of the company’s merger obligations. Those obligations have now been met and with results that have exceeded most expectations

NASDAQ:KDP
Read The Institutions Take A Big Drink Of Keurig Dr. Pepper
Camping World Pulls Back But Wait To Buy More 
February 24, 2022 4:00 AM ET

Camping World Pulls Back But Wait To Buy More 

Thomas Hughes

Shares of Camping World (NYSE: CWH) are falling for no good reason other than the acceleration of growth sparked by the pandemic has peaked. The business is failing and it hasn’t stopped growing but YOY growth is slowing on a quarterly basis and the outlook, as robust as it is, may have it all priced in.

NYSE:CWH
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The TJX Companies, This Is What A Buying Opportunity Looks Like 
February 24, 2022 4:00 AM ET

The TJX Companies, This Is What A Buying Opportunity Looks Like 

Thomas Hughes

The TJX Companies (NYSE: TJX) is a great example of what a buying opportunity looks like. The company gave a lackluster report and sent shares through the floor but buyers were quick to step in and reverse the action.

NYSE:TJX
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Analysts And Institutions Drive Bloomin’ Brands Higher
February 23, 2022 9:00 AM ET

Analysts And Institutions Drive Bloomin’ Brands Higher

Thomas Hughes

Bloomin’ Brands (NASDAQ: BLMN) is in the midst of a major rally driven in part by the Q4 results, a 17% short interest, increasingly bullish analysts' sentiment, and massive institutional buying that we see taking the stock up triple digits. The stock is only trading at 10X its earnings with clear tailwinds in the business.

NASDAQ:BLMN
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Analysts And Institutions Are Comfortable With Tempur Sealy
February 23, 2022 7:00 AM ET

Analysts And Institutions Are Comfortable With Tempur Sealy

Thomas Hughes

Shares of Tempur Sealy International (NYSE: TPX) tanked 20% in the wake of the Q4 earnings report and we can’t for the life of us fathom the reason why. The short interest is a tad high at 5% but not so high as to spark such a deep decline, not on the report we received, and the analysts and institutions seem to be fine with the company.

NYSE:TPX
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It’s Time To Shut The Door On Masonite International 
February 23, 2022 2:00 AM ET

It’s Time To Shut The Door On Masonite International 

Thomas Hughes

After having risen more than 200% from the pandemic low it is time to shut the door on Masonite International (NYSE: DOOR). That is not a judgment of the company or its health but a simple statement of truth that we see in the charts.

NYSE:DOOR
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The Purely Technical Reason Oil Will Hit $122 
February 23, 2022 12:00 AM ET

The Purely Technical Reason Oil Will Hit $122 

Thomas Hughes

If you are watching the news and wondering where the price of Oil (NYSEARCA: USO) is heading we think it is going higher. Much higher. We can sit here and debate the causes of the rise in prices but the fact remains that oil prices are on the rise and the technical picture is bullish.

NYSEARCA:USO
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