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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 58

tech stock to watch - chart
May 23, 2023 5:00 AM ET

2 Tech Stocks With Upgrades and Positive Outlook

Thomas Hughes

These technology companies are harnessing the power of AI to help retailers gain efficiency and unlock sales globally. Analysts are upgrading them both.

NYSE:WMTNASDAQ:GLBENASDAQ:SYM
Read 2 Tech Stocks With Upgrades and Positive Outlook
railroad track, stocks
May 22, 2023 8:55 AM ET

All Aboard! The Sell-Side Has Railroads In Reversal 

Thomas Hughes

The analysts and institutions have put a bottom in the rail industry and may propel it to new highs by the end of the year.

NYSE:UNPNYSE:NSCNASDAQ:CSX
Read All Aboard! The Sell-Side Has Railroads In Reversal 
AI stocks and graphics
May 22, 2023 7:59 AM ET

Don’t Get Burned By The AI Boom 

Thomas Hughes

AI is booming and sustaining business for tech companies, but investors should not expect another period of wild growth: AI is the natural evolution of tech.

NASDAQ:SCVLNYSE:CRMNASDAQ:AMZN
Read Don’t Get Burned By The AI Boom 
Applied Materials, Inc stock price
May 19, 2023 8:27 AM ET

Applied Materials: Cracks In The Chip Recovery Or Time To Buy? 

Thomas Hughes

Applied Materials is down on solid results despite analysts raising their price targets and institutional support; this could be the time to buy.

NASDAQ:AMAT
Read Applied Materials: Cracks In The Chip Recovery Or Time To Buy? 
Foot Locker store and stock price forecast
May 19, 2023 7:23 AM ET

Foot Locker And The Ebbing Tide Of Discretionary Spending 

Thomas Hughes

Foot Locker's results are a good reason why discretionary names will underperform in the 2nd half of 2023; but this stock may have just priced in the worst.

NYSE:HDNYSE:TGTNYSE:WMT
Read Foot Locker And The Ebbing Tide Of Discretionary Spending 
Tyson Foods Stock price chart
May 19, 2023 5:05 AM ET

Tyson Insiders Buy Shares At Multi-Year Low

Thomas Hughes

Tyson Foods insiders are buying this 3.85% yielding stock now that it is trading at a 3-year low and institutional activity is bullish as well.

NYSE:TSN
Read Tyson Insiders Buy Shares At Multi-Year Low
Cisco systems stock price and networking
May 19, 2023 5:00 AM ET

Cisco Systems Falls Into The Buy Zone 

Thomas Hughes

Cisco Systems is a bluechip tech stock with a high-yielding dividend investors bought on the post Q3-earnigns release dip.

NASDAQ:CSCO
Read Cisco Systems Falls Into The Buy Zone 
Take-Two Interactive stock price and logo
May 18, 2023 9:36 AM ET

It’s Time To Take Another Bite Of Take-Two Interactive 

Thomas Hughes

Take-Two Interactive is moving higher on solid results, and the expectation is that a robust pipeline will equate to industry-leading results in 2024.

NYSE:RBLXNASDAQ:EANASDAQ:TTWO
Read It’s Time To Take Another Bite Of Take-Two Interactive 
Walmart stock price
May 18, 2023 8:25 AM ET

Good News For Walmart Isn’t So Great For Everybody Else

Thomas Hughes

Walmart may have difficulty moving higher simply because the yield on US treasuries and CDs is so much higher, and the guidance for Q2 is weak.

NYSE:TGTNYSE:HDNYSE:WMT
Read Good News For Walmart Isn’t So Great For Everybody Else
Servicenow stock price chart forecast
May 18, 2023 6:32 AM ET

ServiceNow Serves Up A Reversal, Now! 

Thomas Hughes

ServiceNow is getting more upgrades and price target increases following an unexpected repurchase announcement worth 1.5% of the market cap.

NYSE:NOW
Read ServiceNow Serves Up A Reversal, Now! 
the tjx companies inc. image
May 18, 2023 5:05 AM ET

The TJX Companies Inc: A Good Pick for 2023?

Thomas Hughes

The TJX Companies had a solid quarter and guided the market higher on strength in its core Marmaxx segment, apparel and accessories shine.

NYSE:TGTNYSE:TJX
Read The TJX Companies Inc: A Good Pick for 2023?
Target store - stock price forecast
May 17, 2023 10:30 AM ET

Target’s Guidance Looms Over The Market 

Thomas Hughes

Target issued weak Q2 guidance making it the 2nd major big box retailer to offer evidence of weakening consumer demand and looming recession.

NYSE:HDNYSE:TGT
Read Target’s Guidance Looms Over The Market 
Danaos Corporation dividends high yield
May 17, 2023 6:50 AM ET

High-Yield Danaos Corporation Is About To Set Sail 

Thomas Hughes

Danaos Corporation is a high-yielding shipping company with growth on the table and share repurchases to compound the capital returns.

NYSE:ZIMNYSE:DAC
Read High-Yield Danaos Corporation Is About To Set Sail 
Beyond Meat stock price forecast
May 17, 2023 6:49 AM ET

Beyond Meat Turns A Corner, But Now Is Not The Time To Buy It

Thomas Hughes

Beyond Meat is not beyond hope, but that won't keep the share prices from falling; a new filing to raise capital and short-interest will see to that.

NYSE:MCDNASDAQ:PEPNYSE:YUM
Read Beyond Meat Turns A Corner, But Now Is Not The Time To Buy It
canoo stock price forecast
May 16, 2023 9:45 AM ET

Canoo Bottoms As Production Ramp Gets Closer 

Thomas Hughes

Canoo is turning a corner and expects to begin production soon, but the question is whether they have enough cash and reserves to finish.

NYSE:GOEV
Read Canoo Bottoms As Production Ramp Gets Closer 
On Holdings stock price chart
May 16, 2023 8:29 AM ET

On Holdings Could Sprint Even Higher 

Thomas Hughes

Swiss shoe maker On Holdings fell more than 10% on solid results but there is already evidence of buying that could lead to new high prices later this year.

NASDAQ:LULUNYSE:ONON
Read On Holdings Could Sprint Even Higher 
Home Depot stock price
May 16, 2023 7:32 AM ET

The Home Depot Returns To The Bargain Basement: Yay!

Thomas Hughes

Home Depot sinks after reporting tepid sales and issuing weak guidance that assumes broad-baed declining consumer demand.

NYSE:HD
Read The Home Depot Returns To The Bargain Basement: Yay!
Fast food stocks Delicious burger with meat and french fries on wooden surface
May 16, 2023 5:24 AM ET

Fast-Food Stocks Set To Sizzle This Summer 

Thomas Hughes

The analysts are upping their targets for fast food stocks and driving them to new highs because of outperformance, growth, and a positive outlook.

NASDAQ:JACKNASDAQ:WENNYSE:MCD
Read Fast-Food Stocks Set To Sizzle This Summer 
Workhorse Group stock price and website
May 16, 2023 5:00 AM ET

Workhorse Group: Consider Getting Back on the Horse 

Thomas Hughes

Workhorse Group Inc. is ramping production and on track to reach its 2023 goals, including at least $75 million in revenue.

NYSE:FSRNASDAQ:LCIDNASDAQ:RIVN
Read Workhorse Group: Consider Getting Back on the Horse 
FREYR Battery stock price forecast
May 15, 2023 9:25 AM ET

FREYR Battery Is An Interesting Play On EVs: At Rock Bottom

Thomas Hughes

FREYR Battery is an exciting play on electrification and could become the leading producer of batteries in the US and abroad.

NYSE:FREY
Read FREYR Battery Is An Interesting Play On EVs: At Rock Bottom
AppLovin stock price forecast
May 15, 2023 7:50 AM ET

The Bottom Is In For AppLovin; Reversal Is Next 

Thomas Hughes

AppLovin is at the bottom following a year of massive declines; the analysts' sentiment is improving and could drive a reversal in 2023.

NYSE:APP
Read The Bottom Is In For AppLovin; Reversal Is Next 
DraftKings stock price
May 12, 2023 8:35 AM ET

An Updraft Is Brewing For DraftKings 

Thomas Hughes

DraftKings is in an updraft driven by the analysts and supported by results and increased guidance that may be too cautious.

NYSE:RBLXNASDAQ:EANASDAQ:WYNN
Read An Updraft Is Brewing For DraftKings 
High-Risk Mullen Automotive Continues To Build Momentum 
May 12, 2023 8:03 AM ET

High-Risk Mullen Automotive Continues To Build Momentum 

Thomas Hughes

Mullen Automotive is as risky as they come but remains compelling enough that the institutions are buying more. Production is expected to start this summer.

NASDAQ:LCIDNASDAQ:MULN
Read High-Risk Mullen Automotive Continues To Build Momentum 
Fisker Karma stock price
May 12, 2023 5:16 AM ET

A Reversal Is In The Works For Fisker Inc. 

Thomas Hughes

Fisker is on track to ramp production despite delays. They plan to make 6,000 vehicles monthly by the end of the year and profits are in sight.

NYSE:FSR
Read A Reversal Is In The Works For Fisker Inc.