Free Trial

Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 54

Paychex stock price forecast
June 29, 2023 11:15 AM ET

Is it Time To Ring The Register On Paychex? 

Thomas Hughes

High-yield Paychex is moving lower following solid results and guidance that suggest distribution growth will continue in fiscal 2024.

NASDAQ:PAYX
Read Is it Time To Ring The Register On Paychex? 
Micron stock price forecast
June 29, 2023 8:20 AM ET

Micron Technology: A Reversal Is Imminent 

Thomas Hughes

The analysts are responding well to Micron's Q3 report and guidance which suggests a bottom is in for the memory chip market.

NASDAQ:MU
Read Micron Technology: A Reversal Is Imminent 
Topgolf Calloway Brands stock price
June 29, 2023 7:59 AM ET

Can Topgolf Callaway Brands Crawl Out of the Bunker and Rally?

Thomas Hughes

Topgolf Calloway Brands insiders are buying the stock and have it set up to rebound and catch up with industry leader Acushnet Holdings.

NYSE:GOLFNYSE:MODG
Read Can Topgolf Callaway Brands Crawl Out of the Bunker and Rally?
McCormick stock price
June 29, 2023 7:55 AM ET

McCormick Rebound Imminent: Executive Transition Complete

Thomas Hughes

McCormick & Company had a solid quarter with proven pricing power, but the market has difficulty finding its footing; a pullback could be imminent.

NASDAQ:KHCNYSE:MKC
Read McCormick Rebound Imminent: Executive Transition Complete
Schnitzer Steel stock price
June 29, 2023 6:00 AM ET

Schnitzer Steel: Set Up For Long-Term Strength

Thomas Hughes

Schnitzer Steel had a tepid quarter but signs of strength are emerging that should sustain growth next year and the year after.

NYSE:CMCNASDAQ:SCHN
Read Schnitzer Steel: Set Up For Long-Term Strength
Unifirst Stock price
June 28, 2023 9:09 AM ET

Unifirst: Undervalued At Rock-Bottom Prices 

Thomas Hughes

UniFirst is on track for sustained, long-term distribution and earnings growth as it competes with industry leader Cintas for market share and new territories.

NYSE:UNFNASDAQ:CTAS
Read Unifirst: Undervalued At Rock-Bottom Prices 
 General Mills stock price forecast dividend
June 28, 2023 8:35 AM ET

General Mills Retreats To The Buy Zone  

Thomas Hughes

General Mills retreats to the buy zone following a mixed quarter and tepid guidance that includes earnings growth to support the dividend.

NYSEARCA:XLPNYSE:GIS
Read General Mills Retreats To The Buy Zone  
Delta airlines stock chart
June 27, 2023 11:45 AM ET

Delta Airlines Is Flying Higher On Upbeat Guidance 

Thomas Hughes

Delta Airlines reinstated its dividend and guided the market higher causing shares to rally 5% and confirm the recent uptrend.

NYSE:DAL
Read Delta Airlines Is Flying Higher On Upbeat Guidance 
Lordstown Motors stock price
June 27, 2023 10:59 AM ET

Lordstown Motors Gets Taken For A Ride 

Thomas Hughes

EV darling Lordstown Motors falls from grace and enters a Chapter 11 filing to restructure and seek retribution for a failed deal.

NASDAQ:RIDE
Read Lordstown Motors Gets Taken For A Ride 
Mullen Automotive stock price
June 27, 2023 10:49 AM ET

Mullen: The Back-Handed Slap Of Good News 

Thomas Hughes

Mullen Automotive completes its series D obligations, but the good news isn't so great for common stock shareholders who have footed the bill.

NASDAQ:MULN
Read Mullen: The Back-Handed Slap Of Good News 
Deerfield - Circa June 2019: Walgreens Boots Alliance Headquarters. WBA brought together Walgreens and Alliance Boots pharmaceuticals IX
June 27, 2023 10:15 AM ET

How Low Can Walgreen's Boots Alliance Go? 

Thomas Hughes

Walgreen's Boots Alliance stock's weak guidance is getting priced into the market and providing a historic opportunity for risk-tolerant income investors.

NASDAQ:WBANYSEARCA:SPY
Read How Low Can Walgreen's Boots Alliance Go? 
restaurant stocks
June 27, 2023 5:32 AM ET

3 Restaurant Stocks Ready To Rally 

Thomas Hughes

The analysts have started raising targets and ratings for restaurant industry laggards like BJ's Restaurants, The Cheesecake Factory, and Brinker International

NASDAQ:TXRHCNSX:EATNYSE:EAT
Read 3 Restaurant Stocks Ready To Rally 
 Sherwin-Williams stock price
June 26, 2023 8:35 AM ET

Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound 

Thomas Hughes

Sherwin-Williams is getting upgrades and price target revisions ahead of Q2 earnings, and the stock is moving higher because of it.

NYSE:SHWNYSEARCA:SPY
Read Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound 
MongoDB stock price
June 26, 2023 7:59 AM ET

MongoDB: An AI Play That’s About To Boil Over 

Thomas Hughes

MongoDB is emerging as a key player in the AI race with its database management system, developer tools, and connectivity with major platforms.

NASDAQ:GTLBNASDAQ:AMZNNASDAQ:GOOG
Read MongoDB: An AI Play That’s About To Boil Over 
Chipotle Stock price forecast
June 26, 2023 5:18 AM ET

2 Recession-Resistant Restaurant Stocks About To Hit New Highs

Thomas Hughes

The analysts are driving these recession-proof restaurant stocks higher, and new all-time highs are in sight; one is a growth opportunity; the other is income

NYSE:DRINYSE:CMG
Read 2 Recession-Resistant Restaurant Stocks About To Hit New Highs
Commercial Metals Company stock price
June 23, 2023 8:08 AM ET

Commercial Metals Company Shakes Off The Rust: Confirms Uptrend

Thomas Hughes

Commercial Metals Company has a solid quarter with sequential improvement in cost and margin that bodes well for capital returns.

NYSE:CMC
Read Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
FactSet Research Systems stock price
June 23, 2023 6:09 AM ET

FactSet Research Systems Falls Into The Buy Zone

Thomas Hughes

Factset Research Systems had a solid quarter and raised the outlook for earnings, sending shares down more than 5% into a buy zone.

NYSE:FDS
Read FactSet Research Systems Falls Into The Buy Zone
Enerpac Tool stock price
June 23, 2023 5:14 AM ET

Enerpac Tool Group Breaks Out To New High

Thomas Hughes

Enerpac Tool Group is focusing on revenue quality and profitability and it shows; the stock is breaking out to new highs on raised guidance.

NYSE:EPAC
Read Enerpac Tool Group Breaks Out To New High
Champaign - Circa June 2023: LongHorn Steakhouse casual dining restaurant. LongHorn Steakhouse is owned and operated by Darden Restaurants.
June 22, 2023 8:48 AM ET

Darden Restaurants: Ring The Register Or Time To Buy?

Thomas Hughes

Darden Restaurants had a decent quarter and gave favorable guidance that fell short of analysts' expectations. The uptrend is intact, but gains may be capped.

NYSE:DRI
Read Darden Restaurants: Ring The Register Or Time To Buy?
KB Home stock price
June 22, 2023 6:35 AM ET

KB Home Hits Peak: Pullback Imminent

Thomas Hughes

KB Home had a solid quarter and improved its guidance but growth is out of the picture and a pullback in stock prices is brewing.

NYSE:KBH
Read KB Home Hits Peak: Pullback Imminent
Patterson Companies stock price
June 22, 2023 6:09 AM ET

Patterson Companies Leverages Healthcare For Income Investors

Thomas Hughes

Patterson Companies had a solid quarter and guided the market higher, sparking a near-15% rise in share prices. The dividend is worth 3.25%.

NASDAQ:PDCO
Read Patterson Companies Leverages Healthcare For Income Investors
Winnebago stock price
June 22, 2023 5:21 AM ET

Earnings Watch: Buying the Dip in Winnebago

Thomas Hughes

Winnebago's business contracted compared to last year but remains strong relative to the bubble: cash flow and the dividend are healthy.

NYSE:WGO
Read Earnings Watch: Buying the Dip in Winnebago
La z Boy stock
June 21, 2023 8:45 AM ET

La-Z-Boy Reclines To The Buy Zone As Industry Normalizes

Thomas Hughes

La-Z-Boy had a tough quarter but beat expectations. The stock is cheap, the dividend is safe, and the institutions are bought in Q2.

NYSE:LZB
Read La-Z-Boy Reclines To The Buy Zone As Industry Normalizes
Fedex stock price forecast
June 21, 2023 6:25 AM ET

Range-Bound FedEx Delivers More Bad News For Stocks

Thomas Hughes

FedEx had a mixed quarter in FQ4 but was able to improve margins. Earnings were better than expected but down 28% YOY, and recovery in F2024 is sketchy.

NYSE:FDX
Read Range-Bound FedEx Delivers More Bad News For Stocks