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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 64

Okta stock price forecast
April 19, 2023 6:50 AM ET

Okta Reversal In Progress While Catalysts Approach

Thomas Hughes

Okta is on track to complete a reversal and move higher, given a strong report. The analysts see at least 12% of upside but the figure could be much higher.

NASDAQ:OKTA
Read Okta Reversal In Progress While Catalysts Approach
EasyJet stock price
April 18, 2023 10:33 AM ET

Insiders Buy EasyJet, Regularly And Repeatedly 

Thomas Hughes

Insiders are buying EasyJet and own more than 15% of the company. Analysts and institutions are buying, too and have the stock set up for a reversal.

NYSE:DALOTCMKTS:ESYJY
Read Insiders Buy EasyJet, Regularly And Repeatedly 
Sunrun stock price
April 18, 2023 8:42 AM ET

The Analysts See A Bright Future For Sunrun

Thomas Hughes

Analysts have begun to upgrade Sunrun, among other solar stocks, due to its low valuation and an outlook for growth that is supported by rising energy costs.

NASDAQ:ENPHNASDAQ:RUN
Read The Analysts See A Bright Future For Sunrun
JB Hunt Stock price
April 18, 2023 7:40 AM ET

J.B. Hunt: Economic Contraction And A Buying Opportunity

Thomas Hughes

J.B. Hunt is a best-in-breed integrated trucker with a safe dividend. Headwinds will mount in 2023 but a rebound is on the horizon.

NASDAQ:JBHT
Read J.B. Hunt: Economic Contraction And A Buying Opportunity
PepsiCo stock image
April 18, 2023 5:00 AM ET

PepsiCo Inc. on Breakout Watch, New Highs Eminent 

Thomas Hughes

PepsiCo is on track to hit a new all-time high and the next earnings report could be the catalyst to do it. Signs point to a strong report with robust earnings.

NASDAQ:PEP
Read PepsiCo Inc. on Breakout Watch, New Highs Eminent 
 Ollie’s Bargain Outlets stock price
April 17, 2023 10:40 AM ET

Is Ollie’s Bargain Outlets A Value Or A Trap?

Thomas Hughes

Ollie's Bargain Outlet gets an upgrade, continuing a trend that began with the New Year. Ollie's is on track to growth, and growth is accelerating.

NYSE:JPMNYSE:CNYSE:TJX
Read Is Ollie’s Bargain Outlets A Value Or A Trap?
NXP Semiconductor stock price
April 17, 2023 8:40 AM ET

The Top 2 Chip Stocks Going Into Earnings Season 

Thomas Hughes

Wells Fargo calls out NXP Semiconductors and Wolfspeed as the top 2 picks for the sector, but NVIDIA remains the top choice for most analysts.

NASDAQ:SOXXNASDAQ:NVDANYSE:GTX
Read The Top 2 Chip Stocks Going Into Earnings Season 
Garrett Motion stock price
April 17, 2023 7:32 AM ET

Can Garrett Motion Turbocharge A Short Squeeze? 

Thomas Hughes

Garrett Motion issues strong preliminary results and guidance for 2023 that has the stock moving higher. A short squeeze is possible but not guaranteed.

NYSE:GTX
Read Can Garrett Motion Turbocharge A Short Squeeze? 
UnitedHealth Group stock price
April 14, 2023 9:25 AM ET

Is UnitedHealth Group A Healthy Investment? 

Thomas Hughes

UnitedHealth Group is benefitting from double-tailwinds that are producing robust growth but the gains were priced in and shares are falling.

NYSE:UNH
Read Is UnitedHealth Group A Healthy Investment? 
Enphase Energy stock price
April 14, 2023 8:41 AM ET

It’s Time To Get In Phase With Enphase

Thomas Hughes

Enphase Energy is the top pick for solar by Deutsche Bank, which sees nearly 40% of upside for the stock, and this target could be cautious.

NASDAQ:ENPH
Read It’s Time To Get In Phase With Enphase
JPMorgan Chase stock price
April 14, 2023 7:40 AM ET

JPMorgan Tops Estimates, Will the Market Follow? 

Thomas Hughes

JPMorgan Chase & Co. top estimates on strong NII performance, but the news isn't good for the rest of the economy which is paying higher prices.

NYSEARCA:SPYNYSE:JPM
Read JPMorgan Tops Estimates, Will the Market Follow? 
Tractor Supply Company stock price
April 14, 2023 5:30 AM ET

Can Tractor Supply Company Harvest Another New High? 

Thomas Hughes

Tractor Supply Co. gets a new price target from Wells Fargo that is well into the all-time high territory and leading the market higher.

NYSE:WFCNASDAQ:TSCO
Read Can Tractor Supply Company Harvest Another New High? 
Kullicke and Soffa stock price
April 14, 2023 5:28 AM ET

Kulicke and Soffa Industries, Inc. Should Be On Your Watchlist

Thomas Hughes

Kulicke and Soffa hit a lull in 2023 but the business is sustained by a shift to next gen technology that is driving cash flow and supporting the dividend.

NASDAQ:AAPLNASDAQ:TSLANASDAQ:AMD
Read Kulicke and Soffa Industries, Inc. Should Be On Your Watchlist
Delta airlines stock price
April 13, 2023 8:46 AM ET

Delta Airlines Is Ready To Fly Higher 

Thomas Hughes

Delta Airlines is on a flight path to higher price points and near-term headwinds are opening an opportunity for investors.

NYSE:DAL
Read Delta Airlines Is Ready To Fly Higher 
Fastenal stock price
April 13, 2023 8:16 AM ET

Fastenal Is At A Critical Turning Point 

Thomas Hughes

Fastenal reported a solid quarter but did not inspire the market to move higher. The dividend is safe, but valuation may cap gains in 2023.

NYSEARCA:SPYNASDAQ:FAST
Read Fastenal Is At A Critical Turning Point 
Healthcare stocks
April 13, 2023 7:00 AM ET

3 Healthcare Stocks Insiders Are Buying 

Thomas Hughes

The healthcare industry is looking forward to double-digit growth, and these stocks the insiders are buying have analyst support too.

NASDAQ:XAIRNASDAQ:PGENNYSE:CNC
Read 3 Healthcare Stocks Insiders Are Buying 
Travel stocks to buy
April 13, 2023 5:01 AM ET

3 Travel Stocks With Double-Digit Upside

Thomas Hughes

The Most Upgraded Stock list is a good place to hunt down great trades and investments and this time it's the travel and leisure sector.

NASDAQ:METANASDAQ:NVDANASDAQ:AMD
Read 3 Travel Stocks With Double-Digit Upside
Cheesecake Factory stock price
April 12, 2023 10:28 AM ET

Should Cheesecake Factory Stock Be On Your Menu? 

Thomas Hughes

The Cheesecake Factory is set up to mover higher given the right catalyst and that may come with the Q1 earnings report next month.

NASDAQ:BLMNNYSE:DRINASDAQ:CAKE
Read Should Cheesecake Factory Stock Be On Your Menu? 
CPI - Consumer Price Index report
April 12, 2023 9:35 AM ET

Don’t Get Bullish On The S&P 500 Because Of The CPI Report 

Thomas Hughes

The CPI report was better than expected and sparked a short-lived rally that points to lower S&P 500 prices and inflation yet to come.

NYSEARCA:USONYSEARCA:SPY
Read Don’t Get Bullish On The S&P 500 Because Of The CPI Report 
Proterra Stock price
April 12, 2023 7:50 AM ET

Proterra Inc., A Penny Stock To Put On The Watchlist

Thomas Hughes

Proterra Inc is an emerging name in the EV market producing specialty vehicle components for OEMs but it is not without risk.

NASDAQ:MULNNYSE:REVGOTCMKTS:HCNWF
Read Proterra Inc., A Penny Stock To Put On The Watchlist
Tilray stock price
April 12, 2023 5:00 AM ET

Tilray Brands Consolidates Hold: Profits Will Drive Shares Higher

Thomas Hughes

Tilray Brands moves lower on mixed results, but the bottom may be in, with positive FCF expected this quarter. The long-term catalyst is US legalization.

NYSE:NVSOTCMKTS:CWBHFNYSE:MO
Read Tilray Brands Consolidates Hold: Profits Will Drive Shares Higher
Nano Dimension stock price
April 11, 2023 11:50 AM ET

Nano Dimension Prints Growth: Enters Hypergrowth Phase 

Thomas Hughes

Nano Dimension is an up-and-comer in 3-D printing for industrial and manufacturing solutions but shareholders aren't happy with acquisition plans.

NASDAQ:SSYSNASDAQ:NNDM
Read Nano Dimension Prints Growth: Enters Hypergrowth Phase 
Carmax stock price
April 11, 2023 9:40 AM ET

Carmax Bottoms And Shifts Gears For Reversal

Thomas Hughes

Carmax bottomed and is gearing up for a reversal driven by wider than expected margin but there are still hurdles for the market.

NYSE:KMX
Read Carmax Bottoms And Shifts Gears For Reversal
Albertsons stock price
April 11, 2023 8:38 AM ET

Albertsons Companies Can’t Be Any More Attractive Than It Is

Thomas Hughes

Albertsons Companies is attractive on its own merits, but the deal with Kroger is still in play, either way, this stock has about 35% of upside potential.

NASDAQ:VLGEANASDAQ:IMKTANYSE:KR
Read Albertsons Companies Can’t Be Any More Attractive Than It Is