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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 26

Fortinet headquarters Fortinet is an American cybersecurity company.
August 8, 2024 9:02 AM ET

Cybersecurity Stock Surges, Promising Double-Digit Gains

Thomas Hughes

Fortinet had a solid quarter, producing record margins and robust cash flow. Shareholder equity has inverted to positive, and analysts are raising targets

NASDAQ:FTNT
Read Cybersecurity Stock Surges, Promising Double-Digit Gains
A Rivian EV Truck parked in a neighborhood in Orlando, Florida
August 8, 2024 6:00 AM ET

Rivian is Heading Back to $10 or Lower: Here’s Why

Thomas Hughes

Rivian struggled in Q2, producing wider losses than in the year-ago period, setting its stock up for a big fall and the $10 level may not be the bottom.

NASDAQ:RIVN
Read Rivian is Heading Back to $10 or Lower: Here’s Why
Shopify, eCommerce Image - Background Theme — Stock Editorial Photography
August 8, 2024 5:45 AM ET

Shopify Stock Fires a Strong Buy Signal After Robust Results

Thomas Hughes

Shopify reported a blowout quarter and guidance that sent a signal it was time to start buying this stock. Shares are up 25% and may rise another 25% soon.

Read Shopify Stock Fires a Strong Buy Signal After Robust Results
Panoramic view of Partners statue (Walt Disney and Mickey) in Magic KIngdom
August 8, 2024 5:00 AM ET

Oversold and Underloved, Disney is Ready to Rebound Strongly

Thomas Hughes

Disney had another magical quarter in which the Iger-led turnaround gained traction, resulting in a widening margin and improved free cash flow.

NYSE:DIS
Read Oversold and Underloved, Disney is Ready to Rebound Strongly
close up chip and Electronic hardware on motherboard top view
August 7, 2024 9:09 AM ET

Super Micro Computers Splits Stock: Is This the Time to Buy?

Thomas Hughes

Supermicro Computer is down on tepid results, but the cash flow, guidance, and upcoming stock split make it a screaming buy at these levels.

NASDAQ:AMDNASDAQ:NVDANASDAQ:SMCI
Read Super Micro Computers Splits Stock: Is This the Time to Buy?
Chicago - Circa April 2023: Lucid Air Touring sedan display at the Service Center. Lucid Motors is a manufacturer of luxury EV Electric Vehicles.
August 7, 2024 6:00 AM ET

Lucid Group Stock Gains Traction, But Its Stock Price Won’t

Thomas Hughes

Lucid Group made headway in Q2 but slowly and cash continues to burn while investment from the PIF dilutes shareholder value.

NASDAQ:LCID
Read Lucid Group Stock Gains Traction, But Its Stock Price Won’t
SoundHound website displayed on a modern smartphone - Stock Editorial Photography
August 7, 2024 5:50 AM ET

3 Promising Small-Cap AI Stocks for the Next Market Rally

Thomas Hughes

Another AI bubble is about to form, this time larger than before, as AI services are unleashed and embraced by businesses seeking to enhance operational profit.

NASDAQ:VRNTNASDAQ:INODNASDAQ:SOUN
Read 3 Promising Small-Cap AI Stocks for the Next Market Rally
LKQ corporation stock sign
August 7, 2024 5:00 AM ET

Top 2 High-Yield Stocks That Insiders Are Buying

Thomas Hughes

FutureFuel and LKQ Corporation are two high-yielding stocks that insiders are buying. Insider buying includes directors, CEOs, and numerous VPs.

NASDAQ:LKQNYSE:FF
Read Top 2 High-Yield Stocks That Insiders Are Buying
Computer Microchips  on Electronic circuit board. Technology microelectronics concept background. Macro shot, selective focus, extremely shallow DOF. Noises and large grain - stylization under film.
August 6, 2024 8:07 AM ET

There is a Big Opportunity in Microchip Technology’s Sell-Off

Thomas Hughes

Microchip Technologies is set up for a stong rebound that will begin before the year's end as end-market normalization and a new tailwind drive strength.

NASDAQ:MCHP
Read There is a Big Opportunity in Microchip Technology’s Sell-Off
Caterpillar stock price forecast
August 6, 2024 7:43 AM ET

Caterpillar: The Rebound Is On, New Highs In Sight

Thomas Hughes

Caterpillar is on track to reduce its share count by another double-digit amount due to robust cash flow and an expectation it will return to growth soon.

NYSE:CAT
Read Caterpillar: The Rebound Is On, New Highs In Sight
The dog steals pieces from the table. Natural Pet Nutrition — Photo
August 6, 2024 5:30 AM ET

Freshpet's Impressive Q2 Sparks Optimism Despite Market Fears

Thomas Hughes

Freshpet is on track to make profits soon, impacting the stock price action, which rebounds despite the broad market sell-off in stocks.

NASDAQ:FRPT
Read Freshpet's Impressive Q2 Sparks Optimism Despite Market Fears
Poznan, Poland, May 12, 2024: ExxonMobile oil fuel and gas barrels in row concept. Exxon Mobile company and petrol industrial containers 3d illustration.
August 6, 2024 5:24 AM ET

Analysts Are Leading ExxonMobil Stock to a New All-Time High

Thomas Hughes

ExxonMobil had a strong quarter, with legacy and new oilfields contributing to growth and the Pioneer acquisition aiding the bottom line.

NYSE:XOM
Read Analysts Are Leading ExxonMobil Stock to a New All-Time High
Stock market crash — Photo
August 5, 2024 7:42 AM ET

Why a Recession is Back in Play and What it Means for Stocks

Thomas Hughes

The S&P 500 is in correction-mode as recession fears sweep the market; the NFP report was cooler than expected, suggesting the FOMC has waited too long to cut.

NYSEARCA:SPYINDEXCBOE:VIXINDEXRUSSELL:RUT
Read Why a Recession is Back in Play and What it Means for Stocks
Amazon prime boxes and envelopes delivered to a front door of residential building
August 2, 2024 8:11 AM ET

Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts

Thomas Hughes

Amazon is firing on all cylinders despite falling short of the analyst's consensus in Q2; guidance is for growth, and AWS is leading the charge.

NASDAQ:AMZN
Read Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts
Cookie Aisle at Grocery Store — Stock Editorial Photography
August 2, 2024 6:15 AM ET

Take a Bite: This Snack Giant Is a Safe-Haven Stock Worth Buying

Thomas Hughes

Mondelez is on track for a rebound driven by analysts; investors who get on board now can count on dividends and share repurchases to help support the market.

NASDAQ:NVDANASDAQ:MSFTNYSEARCA:SPY
Read Take a Bite: This Snack Giant Is a Safe-Haven Stock Worth Buying
Israeli Air Force airplanes (five jet fighters) at parade in honor of Independence Day - Stock Editorial Photography
August 2, 2024 5:30 AM ET

Defense Stocks Soar to New Highs; Higher Highs Are Coming

Thomas Hughes

Defense stocks are solid capital return machines that reduce their share counts significantly each year while paying dividends.

NYSE:LMTNYSE:NOCNYSE:LMT
Read Defense Stocks Soar to New Highs; Higher Highs Are Coming
English houses with solar panels - stock image
August 1, 2024 9:00 AM ET

First Solar Stock: The Dawn of a New Rally in Share Prices

Thomas Hughes

First Solar had a bright quarter, shining the light on data center demand. Analysts like what they see and raise their price targets, leading to a new high.

NASDAQ:FSLR
Read First Solar Stock: The Dawn of a New Rally in Share Prices
Meta Platforms stock forecast
August 1, 2024 6:55 AM ET

Meta Platforms: Rotation or Not, It’s Rally On For This AI Stock

Thomas Hughes

Meta Platforms had another blowout quarter, resulting in an upward revision trend among analysts and an outlook for even higher share prices.

NASDAQ:NVDANASDAQ:META
Read Meta Platforms: Rotation or Not, It’s Rally On For This AI Stock
Composition with cup of Starbucks coffee - Stock Editorial Photography
August 1, 2024 5:30 AM ET

Time To Pick Up the Pieces of Starbucks' Broken Growth Story

Thomas Hughes

Starbucks struggled in Q3 but reaffirmed guidance and says it is regaining traction in its key North American markets. Growth will resume in 2025.

NASDAQ:SBUX
Read Time To Pick Up the Pieces of Starbucks' Broken Growth Story
August 20, 2019, Brazil. In this photo illustration the Microsoft logo is displayed on a smartphone.
August 1, 2024 5:20 AM ET

3 AI Stocks That You Can Buy and Hold Forever

Thomas Hughes

These AI stocks are applying the technology and generating value today that will grow over time as the AI-supercycle unfolds.

NASDAQ:AMDNASDAQ:NVDANASDAQ:MSFT
Read 3 AI Stocks That You Can Buy and Hold Forever
Person holding smartphone with logo of startup and aerospace company.Joby Aviation air taxi on screen.Telsiai,Lithuania.08-09-2023.
July 31, 2024 8:25 AM ET

Joby Aviation Stock: The Case for Upside Just Got Stronger

Thomas Hughes

JOBY Aviation is on track to commence commercial operations next year and now has a secular tailwind to support its share price.

NYSE:JOBYNYSE:DALNYSE:JPM
Read Joby Aviation Stock: The Case for Upside Just Got Stronger
Microsoft Corporation is an American multinational technology corporation
July 31, 2024 8:02 AM ET

Conviction Firms for Microsoft's Double-Digit Stock Upside

Thomas Hughes

Microsoft had a good quarter but not a great one, leaving its stock price to wallow at levels investors should take advantage of.

NASDAQ:MSFT
Read Conviction Firms for Microsoft's Double-Digit Stock Upside
Train delivering oil in tanks in the industrial area
July 31, 2024 5:20 AM ET

Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition

Thomas Hughes

Solaris Oilfield Energy is diversifying and changing its name; the critical detail is that capital returns will continue to gush.

NYSE:SOI
Read Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition
Medical vials for injection with a syringe — Photo
July 30, 2024 10:17 AM ET

AbbVie Analysts Lead the Stock Higher as Humira Worries Recede

Thomas Hughes

AbbVie had a solid quarter, accelerating growth and giving positive guidance that has analysts lifting their price targets and the stock advancing.

NYSE:ABBV
Read AbbVie Analysts Lead the Stock Higher as Humira Worries Recede