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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 59

Salesforce cloud logo on modern facade: What is the Salesforce stock forecast? Learn more.
June 2, 2023 9:45 AM ET

Salesforce: Time to Snap it Up as the Market Buys the Dip?

Thomas Hughes

Salesforce issued a solid report and raised guidance, but shares fell. Is this a buying opportunity for the Salesforce stock forecast?

NASDAQ:NVDANYSE:CRM
Read Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler logo on a computer; learn more about Zscaler stock price on MarketBeat
June 2, 2023 9:19 AM ET

Zscaler: Analysts Raise the Bar for the AI Cloud Security Company

Thomas Hughes

Zscaler had a great quarter and guides the market higher. The analysts are raising their price targets, getting the Zscaler stock price in rally mode.

NASDAQ:PANWNASDAQ:NVDANYSE:S
Read Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
Hormel billboard; learn more: Is Hormel stock a good buy?
June 2, 2023 9:00 AM ET

High-Quality, High-Yield Hormel Looks Tasty at These Levels 

Thomas Hughes

Hormel is a Dividend King trading at rock-bottom prices and paying 2.75%. The company focuses on quality and driving results but is Hormel stock a good buy?

NYSE:HRL
Read High-Quality, High-Yield Hormel Looks Tasty at These Levels 
Raspberry Pi image of Broadcom products; learn more about Broadcom stock on MarketBeat
June 2, 2023 7:55 AM ET

Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets

Thomas Hughes

Broadcom reported solid earnings and raised its guidance but the stock sold off; the analysts are raising the price targets.

NASDAQ:NVDANYSE:CRMNASDAQ:CRWD
Read Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
Chewy.com stock price
June 1, 2023 10:33 AM ET

Chewy.com Gets A Mouthful Of Profits: Shares Surge, More To Come

Thomas Hughes

Chewy.com gave the market what it wanted and now the shares are surging. Short interest may drive volatility bt the reversal is on.

NASDAQ:PETSNASDAQ:WOOFNASDAQ:PETWW
Read Chewy.com Gets A Mouthful Of Profits: Shares Surge, More To Come
Okta stock price forecast
June 1, 2023 8:35 AM ET

Okta, Inc: When Great Results Aren’t Good Enough 

Thomas Hughes

Okta reported a robust quarter and guided higher but the growth is slowing and that is weighing on analysts' sentiment and the stock price.

NASDAQ:OKTA
Read Okta, Inc: When Great Results Aren’t Good Enough 
PVH corporation stock price - Calvin Klein brand
June 1, 2023 7:40 AM ET

PVH: Is This Value Back In Style? 

Thomas Hughes

PVH Corporation is moving lower and may move down to the bargain basement following tepid guidance; competitors cost more but pay better yields.

NYSE:LEVINYSE:VFCNYSE:RL
Read PVH: Is This Value Back In Style? 
HP inc dividends
June 1, 2023 5:00 AM ET

HP Is A Winner For Income Investors 

Thomas Hughes

HP Inc is not without risks, but it is also a high-yielding stock trading at a deep value with a robust FCF margin and a positive outlook for dividend growth.

NYSE:HPQ
Read HP Is A Winner For Income Investors 
Sportsman's Warehouse stock price
May 31, 2023 8:20 AM ET

Don’t Worry; Sportsman’s Warehouse Will Get Cheaper 

Thomas Hughes

Sportsman's Warehouse is another retailer to issue a mixed report and point to a deepening contraction in consumer demand.

NASDAQ:SPWHNYSE:AAP
Read Don’t Worry; Sportsman’s Warehouse Will Get Cheaper 
Upgraded stocks 2023
May 31, 2023 8:05 AM ET

The Most Upgraded Stocks From The Q1 Earnings Season

Thomas Hughes

The winners from Q1 earnings season continue to attract higher price targets from the analysts and that is driving the market higher.

NASDAQ:MSFTNYSE:CRMNASDAQ:META
Read The Most Upgraded Stocks From The Q1 Earnings Season
Advance Auto Parts stock dividend and price
May 31, 2023 7:25 AM ET

Advance Auto Parts Backfires: Is This A Warning For The S&P 500?

Thomas Hughes

Advance Auto Parts cut its dividend, and shares sank nearly 30%. The stock may be at a bottom but investors should not expect a significant rebound.

NYSEARCA:SPYNYSEARCA:XRTNYSE:AAP
Read Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
Ambarella stock price and logo
May 31, 2023 6:35 AM ET

Don’t Discount The AI Potential Of Ambarella; Buy On The Dip 

Thomas Hughes

Ambarella's Q1 results and guidance were insufficient to spark a rally and may lead to range-bound trading in 2023 despite the shift to AI.

NASDAQ:MRVLNASDAQ:AMDNASDAQ:NVDA
Read Don’t Discount The AI Potential Of Ambarella; Buy On The Dip 
Cracker Barrel stock price forecast sign
May 30, 2023 7:25 AM ET

The Institutions Put A Bottom In Cracker Barrel 

Thomas Hughes

Cracker Barrel is getting scooped up by the institutions, and the 5% dividend may be why. The analysts have lowered the bar for Q3 and have CBRL set up to shine

NYSE:DRINASDAQ:RUTHNASDAQ:TXRH
Read The Institutions Put A Bottom In Cracker Barrel 
Workday stock price sign
May 30, 2023 5:21 AM ET

Workday: Another AI Winner Melting-Up 

Thomas Hughes

Workday is an old hat in the world of AI and has been leading the market for some time: the Q1 results were good and have the analysts driving the stock higher.

NASDAQ:NVDANASDAQ:AMDNASDAQ:MRVL
Read Workday: Another AI Winner Melting-Up 
Marvell logo, sign at Marvell Technology headquarters in Silicon Valley - Santa Clara, California, USA - 2021
May 26, 2023 8:25 AM ET

The Melt-Up In Marvell Is On; But Don't Chase It Higher

Thomas Hughes

AI is driving chip stocks like Marvell Technology and NVIDIA higher, and Marvell could gain triple digits before the move is over.

NASDAQ:NVDANASDAQ:MRVL
Read The Melt-Up In Marvell Is On; But Don't Chase It Higher
Inflation reports
May 26, 2023 7:55 AM ET

Hot Inflation, What It Means For The Summer Rally 

Thomas Hughes

The PCE Price Index is hotter than expected and may lead to another FOMC rate hike, increased economic pressure, and the hard-landing it's trying to avoid.

NYSE:WMTNYSEARCA:XLYNASDAQ:AMZN
Read Hot Inflation, What It Means For The Summer Rally 
Medtronic stock price forecast and analysis
May 26, 2023 5:00 AM ET

A Reversal Is Brewing For Medtronic: Buying The Dip

Thomas Hughes

Medtronic pulled back on soft guidance but this is an opportunity for income investors: medical device makers are rebounding on increased procedures.

NYSE:MDT
Read A Reversal Is Brewing For Medtronic: Buying The Dip
Dollar Tree stock price
May 25, 2023 9:17 AM ET

Dollar Tree Falls As Theft Cuts Into Bottom Line

Thomas Hughes

Dollar Tree had a solid quarter but missed consensus and guided lower, which caused shares to implode. The stock is trading near critical support and may bottom

NYSE:TGTNYSE:WMTNASDAQ:DLTR
Read Dollar Tree Falls As Theft Cuts Into Bottom Line
e.l.f. beauty stock price
May 25, 2023 8:52 AM ET

e.l.f. Beauty Has Giant Quarter, Shares Hit New High

Thomas Hughes

e.l.f. Beauty is on track for new all-time highs after blow-out results; the question is if the analysts will start hiking their price targets.

NYSE:ELFNYSE:TGTNYSE:WMT
Read e.l.f. Beauty Has Giant Quarter, Shares Hit New High
Analog Devices stock price forecast
May 25, 2023 6:10 AM ET

Analog Devices Signals A Top For Semiconductor Stocks

Thomas Hughes

Analog Devices is down on guidance and may move lower, but capital returns are safe; Investors should use the trading range to build positions.

NASDAQ:ADI
Read Analog Devices Signals A Top For Semiconductor Stocks
Pfizer pharmaceutical corporation campus exterior
May 25, 2023 5:00 AM ET

Pfizer Has the Prescription for Higher Share Prices

Thomas Hughes

Pfizer's 4% yield is more attractive than ever after positive results from a study and an upgrade from Cantor Fitzgerald.

NYSE:PFE
Read Pfizer Has the Prescription for Higher Share Prices
Toll Brothers stock price
May 24, 2023 9:55 AM ET

Toll Brothers Rises On Results, But The Roof Is In Place

Thomas Hughes

Toll Brothers beat and guided higher, but that and the capital returns may not be enough to keep the market interested; the share price may have already topped.

NYSE:TOL
Read Toll Brothers Rises On Results, But The Roof Is In Place
VF Corporation stock price
May 24, 2023 8:55 AM ET

It’s Time To Try On VF Corporation’s 6% Yield 

Thomas Hughes

VF Corporation is not out of the weeds, but the 6% dividend is safe enough for 2024, and earnings growth is expected to return by the end of the year.

NYSE:PVHNYSE:RLNYSE:LEVI
Read It’s Time To Try On VF Corporation’s 6% Yield 
Kohl's stock price and storefront
May 24, 2023 7:32 AM ET

Kohl’s 10% Yield Comes Into High Fashion 

Thomas Hughes

Kohl's 10% dividend comes into high fashion following a better-than-expected report, margin improvement, debt reduction and a commitment to paying distribution.

NYSE:KSS
Read Kohl’s 10% Yield Comes Into High Fashion