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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 101

Institutions Are Buying Steelcase 
December 21, 2021 4:25 AM ET

Institutions Are Buying Steelcase 

Thomas Hughes

Institutions have been scooping up shares of institutional furniture-maker Steelcase (NYSE: SCS) all year. The institutional activity is marked by rotation into and out of the stock but has been net-positive for each of the last 6 consecutive quarters.

NYSE:SCS
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Upgrades Are Driving CVS Health And Eli Lilly Higher 
December 21, 2021 4:20 AM ET

Upgrades Are Driving CVS Health And Eli Lilly Higher 

Thomas Hughes

It’s never a good idea to make an investment decision based on a single analyst’s opinion and that is true for both CVS Health (NYSE: CVS) and Eli Lilly (NYSE: LLY). While we don’t like to follow the leader into stock, when we like a stock and the analyst’s community is getting bullish too the potential for gains is much bigger.

NYSE:CVSNYSE:LLY
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Will Expensify Get Even Cheaper To Buy? 
December 20, 2021 6:05 AM ET

Will Expensify Get Even Cheaper To Buy? 

Thomas Hughes

Expensify (NASDAQ: EXFY) caught our attention when it emerged from its post-IPO quiet period. A handful of name-brand sell-side analysts came out in support of the company with a consensus price target that implied more than 30% of upside for the stock.

NASDAQ:EXFY
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Institutional Buying Supports Adobe Price Action 
December 20, 2021 4:10 AM ET

Institutional Buying Supports Adobe Price Action 

Thomas Hughes

Insiders were selling Adobe (NASDAQ: ADBE) ahead of the Q4 earnings report but it is nothing to be worried about. The selling amounts to a mere $97.75 million, less than 0.03% of the current market cap, and there are no red flags to speak of.

NASDAQ:ADBE
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Worthington Industries, Inc Overcomes Inflation Headwind 
December 17, 2021 5:00 AM ET

Worthington Industries, Inc Overcomes Inflation Headwind 

Thomas Hughes

Worthington Industries (NYSE: WOR) is well-positioned for the current market as the marker of specialty steel products for a wide range of businesses and applications. The company is benefiting not only from demand but from rising prices for steel that are juicing the top and bottom-line results.

NYSE:WOR
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Institutions Buy Darden Restaurants, Inc Ahead Of Earnings 
December 17, 2021 4:05 AM ET

Institutions Buy Darden Restaurants, Inc Ahead Of Earnings 

Thomas Hughes

Insider selling in Darden Restaurants (NYSE: DRI) has been heavy all year but slowed dramatically during the 4th quarter. Total selling to date is worth $49 million or about 341,800 shares and is split among a number of senior VPs, the COO, CEO, a director, and a number of large shareholders.

NYSE:DRI
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Accenture Accelerates Growth Again, Shares Pop
December 17, 2021 4:00 AM ET

Accenture Accelerates Growth Again, Shares Pop

Thomas Hughes

Accenture’s (NYSE: ACN) decision to focus on digital, the cloud, and security was the right move at the right time. Now, several years later, the company is not only growing but seeing its growth accelerate on a sustained basis as businesses flood to the cloud.

NYSE:ACN
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EV And Analysts Push Ford To 20-Year High
December 16, 2021 8:00 AM ET

EV And Analysts Push Ford To 20-Year High

Thomas Hughes

Ford (NYSE: F) may have been slow to the EV revolution but it has certainly hit the ground running. The company’s Lightning model, the first truly production-ready mass-market EV pickup truck, is the talk of the industry and will likely cement the company as a top-tier EV manufacturer within the first few years of production.

NYSE:F
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Supply Chain Issues Take Bite Out Of Lennar’s Q4
December 16, 2021 7:00 AM ET

Supply Chain Issues Take Bite Out Of Lennar’s Q4

Thomas Hughes

Lennar (NYSE: LEN) had a great quarter but we have one of those situations in which results were uninspiring and reveal the rot of inflation and systemic headwinds. The company produced high double-digit YOY growth and record results but they could have been even better if not for labor and materials shortfalls and rising costs.

NYSE:LEN
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Insiders Sold Jabil, Inc Ahead Of Earnings
December 16, 2021 7:00 AM ET

Insiders Sold Jabil, Inc Ahead Of Earnings

Thomas Hughes

Insiders have been selling shares of Jabil, Inc (NYSE: JBL) all year and those sales accelerated into the calendar Q4 period. Typically, this kind of activity would be a red flag for investors but there are a few things to consider.

NYSE:JBL
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Buy Post Earnings Weakness In ABM Industries, But Not Yet 
December 16, 2021 2:00 AM ET

Buy Post Earnings Weakness In ABM Industries, But Not Yet 

Thomas Hughes

Shares of ABM Industries, Incorporated (NYSE: ABM) are down nearly 10% in the wake of the Q4 earnings report and there are more reasons than one. Ultimately, the news is good but was not well received by the market.

NYSE:ABM
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McDonald’s Stands Out As Tastiest Burger Play 
December 16, 2021 12:00 AM ET

McDonald’s Stands Out As Tastiest Burger Play 

Thomas Hughes

After checking the latest happenings in the burger world two things have become clear. The burger and, in particular the QSR burger, the industry is doing just fine and within that McDonald’s (NYSE: MCD) stands out as the clear winner.

NYSE:MCDNYSE:QSR
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Is FedEx A Buy Before Earnings?
December 15, 2021 8:00 AM ET

Is FedEx A Buy Before Earnings?

Thomas Hughes

If you are thinking FedEx (NYSE: FDX) is going to have a strong quarter you are probably right. The company is forecasting a 10% increase in holiday deliveries that, when coupled with all the price increases, should deliver revenue growth in the mid-teens at least if not up into the 20% range.

NYSE:FDX
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REV Group, Inc Pulls Back Into A Buying Opportunity 
December 15, 2021 7:00 AM ET

REV Group, Inc Pulls Back Into A Buying Opportunity 

Thomas Hughes

REV Group (NYSE: REVG) stock popped earlier this year on rising demand for its products across all lines. The demand led the company to raise guidance, outperform expectations, resume the dividend, and send shares to the highest levels in three years.

NYSE:REVG
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What To Expect From The Q4 Earnings Cycle 
December 15, 2021 1:23 AM ET

What To Expect From The Q4 Earnings Cycle 

Thomas Hughes

With the S&P 500 (NYSEARCA: SPY) Q4 earnings cycle having already started, it is time to get ready for the peak of the season. The peak is still quite a few weeks away but it pays to be ready. So far, reports from names like Oracle (NYSE: ORCL) and Broadcom (NASDAQ: AVGO) suggest a strong quarter

NYSE:SPYNYSE:ORCLNASDAQ:AVGO
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Winnebago Insider Buys Shares Ahead Of Earnings
December 15, 2021 12:00 AM ET

Winnebago Insider Buys Shares Ahead Of Earnings

Thomas Hughes

To answer the question, are insiders buying Winnebago (NYSE: WGO) ahead of earnings, we must say yes, they are, or at least one did. Director Maria Favlana Blase bought 364 shares for a grand total of $24,053 at the end of October capping off a year in which most insiders were sellers.

NYSE:WGO
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Is Hexo’s New Strategic Plan Worth Another Look? 
December 14, 2021 10:00 AM ET

Is Hexo’s New Strategic Plan Worth Another Look? 

Thomas Hughes

Hexo (NYSE: HEXO) reported its Q1 earnings and provided a forecast for profitability that has shares of the stock on the move. The caveat is that shares are moving lower right now and are just off the new low set in the wake of the report.

NYSE:HEXO
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Zedge Stuns Market With Return To Growth 
December 14, 2021 7:00 AM ET

Zedge Stuns Market With Return To Growth 

Thomas Hughes

After several quarters of flattish revenue Zedge, Inc (NYSEAMERICAN: ZDGE) has returned to growth. The Q1 revenue was so strong, in fact, it may alter the outlook for the entire year and the company was expected to gain momentum

NYSE:ZDGE
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Institutions Are Buying Lululemon 
December 14, 2021 3:00 AM ET

Institutions Are Buying Lululemon 

Thomas Hughes

Shares of Lululemon (NASDAQ: LULU)  are pulling back into a buying opportunity in the wake of the Q3 results. The results were good but not exciting and came with weaker than expected guidance that we see as overly cautious and setting the company up to outperform.

NASDAQ:LULU
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J. Jill Climbs Up The Hill On Wider Margins
December 13, 2021 11:00 PM ET

J. Jill Climbs Up The Hill On Wider Margins

Thomas Hughes

J. Jill (NYSE: JILL) is moving higher after reporting a much better than expected quarter. While the revenue was largely in line with the market’s expectations it was the earnings that really caught our attention.

NYSE:JILL
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What Oracle Results Mean For The Q4 Earnings Cycle 
December 13, 2021 11:00 AM ET

What Oracle Results Mean For The Q4 Earnings Cycle 

Thomas Hughes

There are many attractive qualities about Oracle (NYSE: ORCL) as an investment but it stands out on our radar for a single reason; Oracle reports earnings almost exactly midway between the peaks of earnings cycles and gives us a bit of insight into the coming reporting period.

NASDAQ:ORCL
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How Much Higher Can Broadcom Go? 
December 13, 2021 11:00 AM ET

How Much Higher Can Broadcom Go? 

Thomas Hughes

With shares of Broadcom (NASDAQ: AVGO) up sharply in the wake of the Q4 earnings and Q1 guidance investors and traders alike are surely wondering how much higher can the stock go? Based on our assessment of the report, the market fundamentals, and the chart we think this stock could go a lot higher.

NASDAQ:AVGO
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Insiders Dump Academy Sports And Outdoors, Shares Rise 
December 13, 2021 8:00 AM ET

Insiders Dump Academy Sports And Outdoors, Shares Rise 

Thomas Hughes

Insiders and large shareholders have been dumping shares of Academy Sports And Outdoors (NASDAQ: ASO) and that is no joke. Insiders and large shareholders sold nearly 62.5 million shares over the past 12 months which is equal to 70% of the shares outstanding.

NASDAQ:ASO
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Bottom-Fishing For Johnson Outdoors, Inc 
December 13, 2021 7:00 AM ET

Bottom-Fishing For Johnson Outdoors, Inc 

Thomas Hughes

Johnson Outdoors, Inc (NASDAQ: JOUT) is a pandemic winner and one that continues to win in the wake of the peak scare. Like many of the other pandemic winners, shares of the stock have been in a notable downtrend since hitting the peak of value earlier in 2021 but that downtrend appears to be ending.

NASDAQ:JOUT
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