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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 12

Reddit logo seen displayed on a smartphone screen
June 25, 2024 7:45 AM ET

Reddit Stock and the Rubberband Effect: A Case for Lower Prices

Thomas Hughes

Meme stock Reddit is falling under the pressure of critical moving averages that could keep the market moving lower despite a high expectation for Q2 results.

NYSE:RDDT
Read Reddit Stock and the Rubberband Effect: A Case for Lower Prices
DraftKings Sportsbook mobile app from DraftKings on an iPhone screen.
June 25, 2024 5:12 AM ET

DraftKings Stock: You Can Bet on New Highs This Year

Thomas Hughes

DraftKings' business is booming, the recent price correction is a buy-the-dip opportunity, and the analysts are leading the market to a new high.

NASDAQ:DKNG
Read DraftKings Stock: You Can Bet on New Highs This Year
Background of Stock heatmap on the monitor in predominantly red
June 24, 2024 10:44 AM ET

The Top 3 Sectors Poised For Growth This Summer

Thomas Hughes

Communications, technology, and healthcare are the three hottest sectors for growth, but not all stocks will rise with the tides.

NYSE:JNJNYSE:UNHNYSE:LLY
Read The Top 3 Sectors Poised For Growth This Summer
JLL logo on smartphone
June 24, 2024 8:54 AM ET

Top 5 Stocks to Watch for AI-Driven Gains That Aren’t NVIDIA

Thomas Hughes

These five business services stocks are expected to lead their industries and the market with AI-powered productivity gains and earnings leverage.

NYSE:JLLNYSE:GWRENYSE:CLVT
Read Top 5 Stocks to Watch for AI-Driven Gains That Aren’t NVIDIA
CarMax: A Market Melt-Up Waiting to Happen for this Stock
June 21, 2024 8:27 AM ET

CarMax: A Market Melt-Up Waiting to Happen for this Stock

Thomas Hughes

Carmax is gearing up for a market melt-up as the outlook improves. This is one of the most shorted S&P 500 names; short-covering will aid the rally.

NYSE:GSNYSEARCA:SPYNYSE:KMX
Read CarMax: A Market Melt-Up Waiting to Happen for this Stock
AMD logo on smartphone screen
June 21, 2024 5:10 AM ET

Is Advanced Micro Devices Stock Ready for Another Run? 

Thomas Hughes

Advanced Micro Devices stock is set up for a solid rebound, given a good report for Q2. Analysts are raising their targets and leading the market to a new high

NASDAQ:NVDANASDAQ:AMD
Read Is Advanced Micro Devices Stock Ready for Another Run? 
LONDON, UK - MARCH 5TH 2018: The homepage of the official website for the Kimberly-Clark Corporation, on 5th March 2018.  The American multinational personal care corporation producing paper-based products.
June 21, 2024 5:08 AM ET

Kimberly-Clark Analysts' Forecasts Push Stock to New Highs

Thomas Hughes

Kimberly-Clark is a leading consumer staple with entrenched business, an outlook for growth, and a widening margin to sustain dividend growth.

NYSE:KMB
Read Kimberly-Clark Analysts' Forecasts Push Stock to New Highs
Kroger logo sign on Supermarket
June 21, 2024 5:00 AM ET

Kroger Stock: Analysts Forecast New Highs, Merger or Not

Thomas Hughes

Kroger's dividend is solid and healthy, and the balance sheet is a fortress. This stock is a buy whether or not the Albertsons merger is closed.

NYSE:ACINYSE:KR
Read Kroger Stock: Analysts Forecast New Highs, Merger or Not
salesforce logo on smartphone screen
June 20, 2024 8:30 AM ET

3 Tech Stocks Insiders, Major Shareholders, and Institutions Buy

Thomas Hughes

Salesforce, Identiv, and Steel Connect are among the leading tech stocks bought by insiders, institutions, and major shareholders.

NASDAQ:STCNNASDAQ:INVENYSE:CRM
Read 3 Tech Stocks Insiders, Major Shareholders, and Institutions Buy
Modern CCTV camera over cityscape background with double exposure of cyber security interface
June 20, 2024 5:20 AM ET

Airship AI Lands New Contract: Stock Soars 16% and More to Come

Thomas Hughes

Airship AI is on track to rise by 50% to 200% this year due to an increasing client count, new contract wins, and sell-side support.

NASDAQ:AISP
Read Airship AI Lands New Contract: Stock Soars 16% and More to Come
Lennar branch office. Lennar Corporation is a home construction company.
June 20, 2024 5:15 AM ET

Lennar Stock: A Prime Opportunity for Buy-and-Hold Investors

Thomas Hughes

Lennar is in a good position to continue paying its healthy dividend and aggressively reduce its share count to build value for investors.

NYSE:LEN
Read Lennar Stock: A Prime Opportunity for Buy-and-Hold Investors
Rocket Launch
June 20, 2024 5:11 AM ET

Rocket Lab Stock Jumps 40%: Analysts Fuel Growing Momentum

Thomas Hughes

Rocket Lab scored a solid new contract and is in a hyper-growth phase but the upside is limited this year and investors should be wary.

NASDAQ:RKLB
Read Rocket Lab Stock Jumps 40%: Analysts Fuel Growing Momentum
Zebra Technologies logo is displayed on smartphone.
June 19, 2024 5:25 AM ET

Zebra Analysts Upgrade Stock, Forecasting Major Reversal

Thomas Hughes

Zebra Technologies is being led into a reversal by analysts and institutions. A return to growth and wider margins are forecast.

NASDAQ:ZBRA
Read Zebra Analysts Upgrade Stock, Forecasting Major Reversal
oil pump, industrial oil drilling equipment
June 19, 2024 5:20 AM ET

Oil Prices, Inflation, and Fed Policies: Stock Market Risks

Thomas Hughes

Oil prices are down from their lows but rising, showing support at a critical level, and will help sustain hot inflation in the 2nd half.

NYSEARCA:USONYSEARCA:SPYNYSE:BRK.A
Read Oil Prices, Inflation, and Fed Policies: Stock Market Risks
3M Personal Safety Division facility
June 18, 2024 9:04 AM ET

3M Stock: Invest Now for Unmatched Quality and Growth Potential

Thomas Hughes

3M is a high-quality dividend-paying stock with diminishing headwinds and catalysts forming that could increase the market by 50%.

NYSE:LHXNYSE:SOLVNYSE:MMM
Read 3M Stock: Invest Now for Unmatched Quality and Growth Potential
microsoft logo on smartphone 100 bills in backgroud
June 18, 2024 5:40 AM ET

6 Reasons the S&P 500 Will Keep Rising This Year

Thomas Hughes

The S&P 500 can continue to rally this year and gain 15% or more by year's end because the top six holdings are 30% of the market and being led higher.

NYSEARCA:SPYNASDAQ:MSFTNASDAQ:AMZN
Read 6 Reasons the S&P 500 Will Keep Rising This Year
Upstart logo is displayed on a smartphone screen
June 18, 2024 5:25 AM ET

The Most Shorted Stocks in June: Hold, Short, or Squeeze?

Thomas Hughes

Given the proper catalyst, the short interest in these stocks may lead to a short squeeze. All the market needs is a push and it may come at any time.

NYSE:CHHNASDAQ:TGTXNYSE:KSS
Read The Most Shorted Stocks in June: Hold, Short, or Squeeze?
Kraft Heinz Company logo sign at manufacturing plant
June 18, 2024 5:05 AM ET

Kraft Heinz Stock Rises as Analysts Firm Up Sentiment

Thomas Hughes

Analysts are raising their sentiment and targets for KHC and see it as deeply undervalued when trading near the bottom of its trading range.

NASDAQ:KHC
Read Kraft Heinz Stock Rises as Analysts Firm Up Sentiment
microsoft logo sign on building
June 17, 2024 7:17 AM ET

How Much Higher Can Microsoft Go? Significant Growth Ahead

Thomas Hughes

Microsoft stock can continue to rally and may rise another 25% or more from current levels before the next significant peak.

NASDAQ:MSFT
Read How Much Higher Can Microsoft Go? Significant Growth Ahead
Adobe logo on smartphone screen with stock market background
June 14, 2024 9:04 AM ET

Adobe Stock: It’s Not Too Late To Buy The Dip

Thomas Hughes

Adobe had a great quarter and raised guidance. The analysts are raising their price targets and leading the market to a new all-time high; a 35% upside.

NASDAQ:MSFTNYSE:ORCLNASDAQ:NVDA
Read Adobe Stock: It’s Not Too Late To Buy The Dip
Family vacation travel RV, holiday trip in motorhome
June 14, 2024 5:10 AM ET

Top 2 Cheap Dividend Growers to Buy Now and Ride Into Retirement

Thomas Hughes

RV stocks like Thor Industries and Winnebago are cheap, trading at a one-year low ahead of industry growth while paying solid dividends and buying back shares

NYSE:WGONYSE:THO
Read Top 2 Cheap Dividend Growers to Buy Now and Ride Into Retirement
Dave & Buster's logo store location
June 13, 2024 8:42 AM ET

Dave & Buster’s Stock Offers a Prime Buying Opportunity

Thomas Hughes

Dave & Buster's had a tepid quarter but built leverage with new stores and plans to reinvigorate old stores to drive long-term growth.

NASDAQ:PLAY
Read Dave & Buster’s Stock Offers a Prime Buying Opportunity
Fomc Federal Open Market Committee Government regulation Finance monitoring organisation.
June 13, 2024 8:17 AM ET

The FOMC Decision Means Higher Prices for Stocks This Summer

Thomas Hughes

The S&P 500 is in rally mode and climbing a wall of worry that could lead to a large increase in the 2nd half. Technical targets put the index at 6,100, up 12%.

NYSEARCA:SPYNASDAQ:QQQINDEXCBOE:VIX
Read The FOMC Decision Means Higher Prices for Stocks This Summer
Casey's General Stores logo
June 13, 2024 5:40 AM ET

Casey’s General Stores Stock Fires Trend-Following Signal

Thomas Hughes

Casey's General Stores had another solid quarter, leading the market to a new high. The guidance is strong and suggests more new highs are in store.

NASDAQ:CASY
Read Casey’s General Stores Stock Fires Trend-Following Signal