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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 57

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
ESG investing
June 20, 2023 9:25 AM ET

Is ESG Investing Dead? Fund Outflows Signal Tough Times

Thomas Hughes

ESG investing as a theme is over; the top ESG ETFs offer nothing to investors that they don't already have; three top ESG stocks are well-supported by trends.

NASDAQ:MSFTNASDAQ:ADBENASDAQ:PEP
Read Is ESG Investing Dead? Fund Outflows Signal Tough Times
Upgraded stocks - Microsoft
June 20, 2023 8:08 AM ET

The Most Upgraded Stocks In Q2 

Thomas Hughes

The analysts were active in Q2, with sentiment toward several stocks trending higher and on the verge of setting new highs.

NASDAQ:ADBENASDAQ:AMDNASDAQ:NVDA
Read The Most Upgraded Stocks In Q2 
Oracle, Adobe, and Microsoft AI stocks
June 20, 2023 5:30 AM ET

3 AI Plays For Blue-Chip Investors 

Thomas Hughes

Oracle, Adobe, and Microsoft have emerged as blue-chip stocks fundamental to the AI industry and are positioned to benefit from its rise.

NASDAQ:NVDANASDAQ:AMDNASDAQ:AMZN
Read 3 AI Plays For Blue-Chip Investors 
Amazon stock price
June 19, 2023 8:33 AM ET

Amazon And The AI War: iRobot Acquisition In Focus

Thomas Hughes

Amazon's deal to acquire iRobot is getting closer to completion and there is still an opportunity for investors who want to get in on it.

NASDAQ:NVDANASDAQ:AMDNASDAQ:MSFT
Read Amazon And The AI War: iRobot Acquisition In Focus
Adobe Stock Price forecast
June 16, 2023 6:20 AM ET

Leverage AI And Build A Fortress Portfolio With Adobe

Thomas Hughes

Adobe is getting caught up in the AI boom, and the stock price is melting up; better than expected guidance and the analysts are why.

NYSE:ORCLNASDAQ:ADBE
Read Leverage AI And Build A Fortress Portfolio With Adobe
Small cap stocks
June 16, 2023 6:10 AM ET

2 Small-Caps With Large-Cap Potential 

Thomas Hughes

MamaMancini's and Motorcar Parts of America are 2 small-cap names with large-cap potential and catalysts to drive their share prices higher.

NASDAQ:MMMBNASDAQ:MPAA
Read 2 Small-Caps With Large-Cap Potential 
Confluent stock price
June 16, 2023 5:50 AM ET

AI Sleeper-Play Confluent Is Ready To Rocket Higher 

Thomas Hughes

The analysts are upping their targets for Confluent and driving the action higher with institutional buying; the Q2 release is due in August.

NYSE:ORCLNASDAQ:AMDNASDAQ:CFLT
Read AI Sleeper-Play Confluent Is Ready To Rocket Higher 
Jabil Stock price
June 16, 2023 5:18 AM ET

Can Jabil Add More All-Time Highs In 2023? 

Thomas Hughes

Jabil had a solid quarter and guided higher to drive the market for its shares to a new high, and more highs could be on the way.

NYSE:JBL
Read Can Jabil Add More All-Time Highs In 2023? 
Kroger stock price forecast
June 15, 2023 9:36 AM ET

Kroger Pulls Back To The Buy Zone

Thomas Hughes

Kroger pulls back into the buy zone following a solid report. There is no news about the Albertson's deal weighing on the market, but it doesn't matter

NYSE:ACINYSE:KR
Read Kroger Pulls Back To The Buy Zone
Lennar stock price forecast
June 15, 2023 6:55 AM ET

Break-Out Watch: Can Lennar Raise The Roof In 2023?

Thomas Hughes

Lennar had a solid quarter, but internal metrics are not as favorable as the company suggests. Falling prices and a declining backlog offset growth in delivery

NYSE:LEN-B
Read Break-Out Watch: Can Lennar Raise The Roof In 2023?
Mulen Automotive stock forecast
June 15, 2023 4:00 AM ET

Mullen Automotive Dilution Is Desperation 

Thomas Hughes

Mullen Automotive seeks approval for a reverse split that will dilute shareholder value: shares are down 80% since the last split.

NASDAQ:MULN
Read Mullen Automotive Dilution Is Desperation 
AMD stock price
June 14, 2023 11:30 AM ET

Game-Changing News For AMD And Its Shareholders

Thomas Hughes

AMD raised the stakes with the MI-300x, a competitor to NVIDIA's H100, and it may lead to a chip war that will drive business for both.

NASDAQ:NVDANASDAQ:AMD
Read Game-Changing News For AMD And Its Shareholders
MillerKnoll, Inc. stock dividend
June 14, 2023 6:59 AM ET

High-Yield MillerKnoll, Inc.: Value or Value Trap? 

Thomas Hughes

Investors should look into MillerKnoll, a high-yield value; the institutions are buying with earnings set to be released in mid-July.

NASDAQ:LOVENYSE:SCSNASDAQ:MLKN
Read High-Yield MillerKnoll, Inc.: Value or Value Trap? 
stock market in 2nd quarter
June 14, 2023 6:55 AM ET

What To Expect From The 2nd Quarter Earnings Cycle 

Thomas Hughes

The Q2 earnings reporting cycle starts soon and will bring volatility to the market; sector rotation will pick up steam, and AI will be a major theme.

NYSE:NKENYSE:FLNYSEARCA:XLY
Read What To Expect From The 2nd Quarter Earnings Cycle 
Nutrien Stock price chart
June 14, 2023 5:43 AM ET

Nutrien Ltd. Is The Most Downgraded Stock For Income Investors

Thomas Hughes

The downtrend in Nutrien is over and could lead to a rally in 2024. Until then, investors can rely on the 3.5% dividend yield.

NYSE:NTR
Read Nutrien Ltd. Is The Most Downgraded Stock For Income Investors
High Yield Stocks
June 14, 2023 5:00 AM ET

3 Beaten Down High-Yield Investors Should Love

Thomas Hughes

These beaten-down stocks are resilient high-yield dividend payers at or near their bottoms; the lowest yield in the group is better than 6%.

NYSE:VFCNYSE:KSSNYSE:VZ
Read 3 Beaten Down High-Yield Investors Should Love
Consumer price index for May
June 13, 2023 8:15 AM ET

Inflation, The Fed, And The Summer Rally 

Thomas Hughes

The rally in stocks may move up to a new high, but Q2 earnings reporting could cap gains; the CPI data is still hot, and the odds of another Fed hike grow.

NYSEARCA:SPYNYSEARCA:XLYNYSEARCA:SPY
Read Inflation, The Fed, And The Summer Rally 
Oracle stock price forecast
June 13, 2023 6:35 AM ET

Oracle Has Spoken: The AI Cloud Is Bigger And Growing Faster

Thomas Hughes

Oracle blew past estimates due to AI-based demand and sparked analysts' upgrades that will drive it to a new all-time high.

NASDAQ:NVDANYSE:ORCL
Read Oracle Has Spoken: The AI Cloud Is Bigger And Growing Faster