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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 99

Institutions Shed Macy’s … Too Soon
February 22, 2022 8:00 AM ET

Institutions Shed Macy’s … Too Soon

Thomas Hughes

The institutions started to shed Macy’s (NYSE: M) in Q1 2022 and we aren’t blaming them. The retail picture isn’t robust, it’s hampered by the supply-chain crisis, and Macy’s is particularly vulnerable as a mall-based retailer. Regardless, net institutional selling in the first 7 weeks of 2022 reversed the buying trend that held steady for the previous three quarters.

NYSE:M
Read Institutions Shed Macy’s … Too Soon
Home Depot Could Shed Another 17% Before Hitting Bottom 
February 22, 2022 6:00 AM ET

Home Depot Could Shed Another 17% Before Hitting Bottom 

Thomas Hughes

Home Depot (NYSE: HD) reported another record quarter and year and yet the stock is falling in the wake of the news. The reason is that Q4 results and guidance for 2022 indicate the COVID-19 inspired tailwinds have ceased to blow and growth will be hard to come by.

NYSE:HD
Read Home Depot Could Shed Another 17% Before Hitting Bottom 
The Analysts Will Drive Nutrien To New Highs 
February 22, 2022 3:00 AM ET

The Analysts Will Drive Nutrien To New Highs 

Thomas Hughes

Shares of Nutrien (NYSE: NTR) have been trending steadily higher since the pandemic bottom was put in in early spring 2020. That movement has been driven by a combination of results and analyst sentiment and we do not see that trend ending.

NYSE:NTR
Read The Analysts Will Drive Nutrien To New Highs 
The Purely Technical Reason To Buy Kraft-Heinz Now 
February 22, 2022 12:00 AM ET

The Purely Technical Reason To Buy Kraft-Heinz Now 

Thomas Hughes

We have covered the Kraft-Heinz (NASDAQ: KHC) turnaround story in depth. This is not another one of those articles. The fact that Kraft-Heinz is a deep-value relative to the broad market and its peers, the fact that is a relatively safe high-yielding dividend grower, and the health of the turnaround have all been established.

NASDAQ:KHC
Read The Purely Technical Reason To Buy Kraft-Heinz Now 
The Institutions Send Out For Papa John’s International 
February 21, 2022 8:00 AM ET

The Institutions Send Out For Papa John’s International 

Thomas Hughes

The institutions have been buying up Papa John’s International (NASDAQ: PZZA) for the last year and their activity has only been getting stronger. Not only has the net activity been ramping over the past 6 quarters but the bullish bias has as well. That trend continued into 2022 and has the YTD activity on track to be the strongest quarter in both regards yet.

NASDAQ:PZZA
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Institutions Aggressively Buy Into Draftkings Potential 
February 18, 2022 5:00 AM ET

Institutions Aggressively Buy Into Draftkings Potential 

Thomas Hughes

Shares of Draftkings (NASDAQ: DKNG)  are plunging in the wake of the Q4 earnings release but we think this is the time to buy the stock. The plunge is driven by the guidance which is expecting revenue growth but a wider than anticipated loss on the bottom line.

NASDAQ:DKNG
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Buy Cisco Systems, The Institutions Are 
February 18, 2022 2:00 AM ET

Buy Cisco Systems, The Institutions Are 

Thomas Hughes

Shares of Cisco Systems (NASDAQ: CSCO) have been moving sideways over the past year but one thing is clear. There is a floor in share prices near the $53 level that has an increasing amount of institutional support.

NASDAQ:CSCO
Read Buy Cisco Systems, The Institutions Are 
The Bottom Is In For Walmart 
February 17, 2022 10:00 AM ET

The Bottom Is In For Walmart 

Thomas Hughes

Price action in Walmart (NYSE: WMT) trended strongly higher in the wake of the pandemic but hit a top last year that resulted in reversal. This reversal, as so many are, altered the trend from up to sideways putting the stock in a firm trading range.

NYSE:WMT
Read The Bottom Is In For Walmart 
Buy The Dip In NVIDIA, Before It’s Too Late 
February 17, 2022 9:00 AM ET

Buy The Dip In NVIDIA, Before It’s Too Late 

Thomas Hughes

NVIDIA (NASDAQ: NVDA) shares moved lower in the wake of the company’s very strong Q4 results because concern over margins emerged that we think is entirely overblown. The company expanded margin and produced record-setting results for Q4 and FY2021 and is guiding those margins to be flat on a YOY.

NASDAQ:NVDA
Read Buy The Dip In NVIDIA, Before It’s Too Late 
The Institutions Begin To Shed Tightly Held Allison Transmission
February 17, 2022 7:00 AM ET

The Institutions Begin To Shed Tightly Held Allison Transmission

Thomas Hughes

Allison Transmission (NYSE: ALSN) is a tightly held company with institutional ownership near 99%. The other 1.1% of the stock is held by the insiders, insiders who aren’t selling, so there are few shares simply floating around waiting to be bought.

NYSE:ALSN
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Buy Kraft-Heinz Before The Analysts Start Upgrading The Stock
February 17, 2022 4:05 AM ET

Buy Kraft-Heinz Before The Analysts Start Upgrading The Stock

Thomas Hughes

We have been predicting a massive multiple expansion for shares of Kraft-Heinz (NASDAQ: KHC) stock for some time now. That expansion begins with the company’s uber-low 12.5X valuation and ends with the turn-around story that is now gaining traction.

NASDAQ:KHC
Read Buy Kraft-Heinz Before The Analysts Start Upgrading The Stock
Insiders Sell SiteOne Landscape Supply, Institutions Buy It 
February 16, 2022 6:05 AM ET

Insiders Sell SiteOne Landscape Supply, Institutions Buy It 

Thomas Hughes

The insiders have been selling their shares of SiteOne Landscape Supply (NYSE: SITE) for the last year, but it doesn’t matter. The insider sales are small, regular, and related to share-based compensation so not a worry. The insiders still own more than 3.0% of the stock and, more importantly, the institutions are buying it. 

NYSE:SITE
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Now It’s Time To Buy Roblox, Maybe
February 16, 2022 4:10 AM ET

Now It’s Time To Buy Roblox, Maybe

Thomas Hughes

Roblox (NYSE: RBLX) came on to the scene with a fanfare of expectations that are still in the picture but more elusive than the market first priced in. Those expectations, and the subsequent dose of reality, sent shares first to the moon and then to the bargain basement where they are now.

NYSE:RBLX
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Haverty Furniture Company Is One Comfortable Dividend-Growth Stock
February 16, 2022 4:05 AM ET

Haverty Furniture Company Is One Comfortable Dividend-Growth Stock

Thomas Hughes

Those who’ve been reading Marketbeat.com for a while will know that we are fond of the U.S. furniture industry including Haverty Furniture Company (NYSE: HVT). Suffice it to say that these are, generally speaking, healthy companies, and industry fundamentals had them ahead of the game in terms of the supply chain log-jam, and business is supported by secular tailwinds.

NYSE:HVT
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Huntsman Aims High, Exceeds Targets
February 15, 2022 10:00 AM ET

Huntsman Aims High, Exceeds Targets

Thomas Hughes

Huntsman (NYSE: HUN) is a diversified organic chemicals company with customers in end markets ranging across all verticals and industries. The company has been working hard over the past year or so to reposition itself as a more focused company and those efforts are bearing fruit.

NYSE:HUN
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Don’t Buy The Bottom In Ecolab 
February 15, 2022 10:00 AM ET

Don’t Buy The Bottom In Ecolab 

Thomas Hughes

Shares of Ecolab (NYSE: ECL) look like they are on a bottom but we aren’t so sure this bottom is going to last. We had our reservations even before the company released Q4 earnings and it had nothing to do with the results or the report. The stock is trading at a whopping 39X its earnings with only tepid growth and a weak 1.11% dividend to sustain it.

NYSE:ECL
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Advance Auto Parts Proves Its Worth 
February 15, 2022 8:00 AM ET

Advance Auto Parts Proves Its Worth 

Thomas Hughes

Advance Auto Parts (NYSE: AAP) began a campaign to improve its value to shareholders last year that is paying off in the form of dividend increases and share buybacks. The company is focused on improving profitability and cash flow, expansion and growth, balance sheet strength, and above all, capital returns to shareholders.

NYSE:AAP
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Institutional Support (and results) Send Marriott International To Fresh Highs 
February 15, 2022 8:00 AM ET

Institutional Support (and results) Send Marriott International To Fresh Highs 

Thomas Hughes

If you’ve been wondering what’s been driving shares of Marriott International (NASDAQ: MAR) higher the last two years it’s not the outlook for reopening. More likely, it’s the institutional buying because it has been strong. The institutions have purchased $1.27 billion worth of shares, net of selling, which is good for 2.3% of the market cap with the stock trading at a new all-time high.

NASDAQ:MAR
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Analysts Put Bottom In Home Improvement Giants
February 14, 2022 10:00 AM ET

Analysts Put Bottom In Home Improvement Giants

Thomas Hughes

Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) are among the biggest winners of the pandemic gaining not only a sustained increase in business but pricing power that has so far been able to stave off the worst of the cost pressures. With the two both slated to report earnings next week, it’s worth noting the analyst's activity has been picking up for both companies.

NYSE:LOWNYSE:HD
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Follow The Institutional Money To Goodyear Tire & Rubber Company 
February 14, 2022 8:00 AM ET

Follow The Institutional Money To Goodyear Tire & Rubber Company 

Thomas Hughes

Share of Goodyear Tire & Rubber Company (NASDAQ: GT) imploded after reporting a much better than expected quarter. To some, the news was good but means future growth is already priced in and for some, the guidance was more than they were expecting.

NASDAQ:GT
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Three (3) High-Yield Deep-Values The Institutions Are Buying Now 
February 14, 2022 7:00 AM ET

Three (3) High-Yield Deep-Values The Institutions Are Buying Now 

Thomas Hughes

Kraft-Heinz (NASDAQ: KHC), Reynolds Consumer Products (NASDAQ: REYN), and Newell Brands (NASDAQ: NWL) have more in common than their status as consumer-staples companies. Not only are they deep-values relative to the broad market and their industry group they give a high yield, have safe distributions, an outlook for dividend growth, are in the midst of currently-successful growth initiatives, and the institutions are buying them.

NASDAQ:KHCNASDAQ:REYNNASDAQ:NWL
Read Three (3) High-Yield Deep-Values The Institutions Are Buying Now 
The Institutions Are Buying Newell Brands, Maybe You Should Too 
February 11, 2022 7:00 AM ET

The Institutions Are Buying Newell Brands, Maybe You Should Too 

Thomas Hughes

After correcting more than 30% over the course of several quarters it looks like the bottom is in for Newell Brands (NASDAQ: NWL). Not only did the company exceed its quarterly estimates but it also has strong institutional support. The institutions have been purchasing this stock like made, buying $0.84 billion or 8.6% of the market cap over the last 12 months with a large portion of that done since the 1st of the year. 

NASDAQ:NWL
Read The Institutions Are Buying Newell Brands, Maybe You Should Too 
iRobot Is Starting To Look Good Again 
February 10, 2022 11:00 AM ET

iRobot Is Starting To Look Good Again 

Thomas Hughes

iRobot (NASDAQ: IRBT) performed exactly as we expected them to, the bad news is that we were expecting supply chain issues and microchip shortages to curtail the results and they did. The company estimates the issues cost them $35 million in unfulfilled orders, worth 770 basis points of quarterly revenue, and these issues aren’t expected to subside in the first half of the year.

NASDAQ:IRBT
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Insiders Shed Canada Goose In Fiscal Q3 
February 10, 2022 9:00 AM ET

Insiders Shed Canada Goose In Fiscal Q3 

Thomas Hughes

While insiders at Canada Goose (NYSE: GOOS) have not made any transactions since late November 2021 their activity at the time suggests they (some of them at least) were expecting the weakness just seen in the Q3 earnings release. It’s hard to track down exactly how much of the company is owned by the insiders and selling was light but selling there was.

NYSE:GOOS
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