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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 56

Artificial intelligence stocks
July 5, 2023 6:30 AM ET

3 (AI) Plays That Could Rocket Higher In Q3 

Thomas Hughes

Advanced Micro Devices, Ambarella, and Symbotic are stocks that could rocket higher in Q3 following the release of Q2 EPS results.

NASDAQ:SYMNASDAQ:AMBANASDAQ:AMD
Read 3 (AI) Plays That Could Rocket Higher In Q3 
Tesla Stock Price forecast
July 3, 2023 9:35 AM ET

Tesla Production Cranks Into High Gear, Shares Follow 

Thomas Hughes

Tesla reported record production and deliveries that suggest it will outpace the Q2 revenue and earnings consensus by a wide margin.

NASDAQ:TSLA
Read Tesla Production Cranks Into High Gear, Shares Follow 
Acuity Brands stock price
July 3, 2023 8:59 AM ET

Acuity Brands Lights Up Opportunity In The Industrial Sector 

Thomas Hughes

Acuity Brands shines a light on margin improvement and robust cash flows that allow for share repurchases, dividends, and acquisitions.

NYSEARCA:XLINYSE:CMCNASDAQ:SCHN
Read Acuity Brands Lights Up Opportunity In The Industrial Sector 
PCE index
June 30, 2023 7:59 AM ET

Rally Gains Momentum On Soft PCE Data

Thomas Hughes

The S&P 500 advanced after soft PCE price data, but it is heading for a ceiling that may not be easy to break: the outlook for earnings is still in decline.

NYSE:NKENYSEARCA:SPY
Read Rally Gains Momentum On Soft PCE Data
Nike stock price
June 30, 2023 7:24 AM ET

The Nike Rebound Is Over; Buying Opportunity Ahead

Thomas Hughes

Nike had a decent quarter but rising costs and markdowns continue to pressure margins, and the guidance is weak; shares could fall 10% or more.

NYSE:NKE
Read The Nike Rebound Is Over; Buying Opportunity Ahead
 H.B. A Fuller Company stocks price forecast
June 30, 2023 5:02 AM ET

Dividend King H.B. Fuller Rises On Hopes For Rebound

Thomas Hughes

H. B. Fuller is moving higher and may enter reversal. The company is facing headwinds, but a rebound has entered the picture.

NYSE:FUL
Read Dividend King H.B. Fuller Rises On Hopes For Rebound
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