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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 14

OKTA sign on headquarters
May 31, 2024 5:40 AM ET

Okta, Inc. Stock Falls To Critical Level: What Happens Next?

Thomas Hughes

Okta had a solid quarter and raised guidance, but it was insufficient to offset slowing growth and weak internals. Analysts are trimming targets and cap upside.

NYSE:CRMNASDAQ:OKTA
Read Okta, Inc. Stock Falls To Critical Level: What Happens Next?
Cracker Barrel Old Country store
May 31, 2024 5:20 AM ET

Cracker Barrel Old Country Store Gets a New Look

Thomas Hughes

Cracker Barrel's dividend is cut but still tasty at 2.0% and sustainable. The company has a turnaround plan in place and is executing.

NASDAQ:CBRL
Read Cracker Barrel Old Country Store Gets a New Look
Salesforce logo inside a building
May 30, 2024 8:45 AM ET

Salesforce Falls 25% Into A Once in a Lifetime Opportunity

Thomas Hughes

Salesforce stock is in reset mode following tepid guidance and the first revenue miss in over a decade. Analysts are trimming targets but still see ample upside

NYSE:CRM
Read Salesforce Falls 25% Into A Once in a Lifetime Opportunity
Smart for life stock
May 30, 2024 8:42 AM ET

Smart for Life Stock is Not a Smart Buy: Target for Short Sellers

Thomas Hughes

Smart for Life is in a short-squeeze but investors should expect the short-sellers to reposition at this new, higher price and then drive it back to new lows.

NASDAQ:SMFL
Read Smart for Life Stock is Not a Smart Buy: Target for Short Sellers
CHEWY logo visible on display screen
May 30, 2024 5:20 AM ET

Chewy, Inc. Results Provide Ample Reason to Buy the Stock

Thomas Hughes

Chewy, Inc. had a solid quarter with cash flow and earnings improving, a new share repurchase plan announced, and momentum in critical details.

NYSE:CHWY
Read Chewy, Inc. Results Provide Ample Reason to Buy the Stock
Dick's sporting goods logo sign
May 30, 2024 5:15 AM ET

Dick’s Sporting Goods is a Winner for Income Investors

Thomas Hughes

Dick's Sporting Goods is a winner for income investors because of growth, value, cash flow, balance sheet, and capital returns.

NYSE:WMTNYSE:TGTNYSE:TJX
Read Dick’s Sporting Goods is a Winner for Income Investors
NVIDIA stock chart
May 29, 2024 5:25 AM ET

The 4 Horsemen of the Generative AI Revolution

Thomas Hughes

These four stocks are the strongest players in the AI revolution and are in a position to drive increasing shareholder value for years.

NASDAQ:MSFTNYSE:ORCLNASDAQ:MU
Read The 4 Horsemen of the Generative AI Revolution
GameStop sign
May 28, 2024 11:59 AM ET

GameStop Will Rocket Higher: The Move Won’t Last 

Thomas Hughes

GameStop is surging on the dubious news of raising capital via share sales; more money is good, and more shares are bad. Don't count on the rally lasting.

NYSE:GME
Read GameStop Will Rocket Higher: The Move Won’t Last 
stocks with insider trades
May 28, 2024 11:03 AM ET

3 Stocks Insiders are Buying That Should be on Your Radar

Thomas Hughes

Unusual insider activity indicates opportunities in these stocks positioned to deliver value for shareholders this year.

NASDAQ:HROWNASDAQ:MCFTNYSE:HXL
Read 3 Stocks Insiders are Buying That Should be on Your Radar
The logo of Ross Stores on the screen of an exchange
May 28, 2024 8:48 AM ET

Ross Stores: Buy Off-Price Retail While It’s Still a Bargain

Thomas Hughes

Ross Stores is well-positioned for the retail environment; it generates solid cash flow, has a fortress balance sheet, pays a reliable dividend, and buys stock.

NYSEARCA:SPYNYSE:TJXNASDAQ:ROST
Read Ross Stores: Buy Off-Price Retail While It’s Still a Bargain
Micron Technology logo displayed on mobile phone screen
May 28, 2024 5:00 AM ET

Micron is the NVIDIA of Memory: That’s Why it Set a New High

Thomas Hughes

Micron is on the cusp of new highs and another $75 rally driven by its growing importance to AI. Micron HBM3 chips are where it's at regarding AI memory.

OTCMKTS:SSNLFNASDAQ:NVDANASDAQ:MU
Read Micron is the NVIDIA of Memory: That’s Why it Set a New High
Snowflake logo and sign
May 24, 2024 5:50 AM ET

Snowflake is Melting… Up, With a Double-Digit Upside Potential

Thomas Hughes

Snowflake had a solid quarter and raised guidance, lifting the share in premarket trading. The analysts are lifting their price targets and leading the market.

NASDAQ:NVDANYSE:SNOW
Read Snowflake is Melting… Up, With a Double-Digit Upside Potential
Medtronic stock price
May 24, 2024 5:10 AM ET

Medtronic Dips: Is Now the Time to Buy?

Thomas Hughes

Medtronic had another stable quarter with FCF growth and healthy capital returns. Analysts Hold the stock and see it advancing 15% at the midpoint.

NYSE:MDT
Read Medtronic Dips: Is Now the Time to Buy?
The Nonstick All Clad pot and pan aisle at a Williams Sonoma store at an indoor mall in Orlando, Florida.
May 23, 2024 5:41 AM ET

Williams-Sonoma Stock Forecast to Hit $500? Here’s How

Thomas Hughes

Williams-Sonoma's stock is as high-quality as its product line and drives shareholder value, including dividends and share repurchases.

NYSE:WSM
Read Williams-Sonoma Stock Forecast to Hit $500? Here’s How
Buenos Aires, Argentina; September 12th, 2023: Nvidia logo in three dimensions isolated on dark background. 3d illustration.
May 23, 2024 5:00 AM ET

NVIDIA’s Rally is Far From Over, Neither is Volatility

Thomas Hughes

NVIDIA had another mind-bending quarter that included raised guidance, a 150% dividend increase, and a 10:1 stock split effective in June.

NASDAQ:MSFTNASDAQ:AMDNYSE:ORCL
Read NVIDIA’s Rally is Far From Over, Neither is Volatility
Global-e Online is a Must-Own eCommerce Stock
May 23, 2024 5:00 AM ET

Global-e Online is a Must-Own eCommerce Stock

Thomas Hughes

Global-e is a leader in eCommerce cross-border transactions and DTC expansions for leading players, and it is outperforming expectations.

NASDAQ:GLBE
Read Global-e Online is a Must-Own eCommerce Stock
photo of hand holding mobile phone displaying analog devices logo
May 23, 2024 4:15 AM ET

Analog Devices Extends Rally: Signals Start to Cyclical Recovery

Thomas Hughes

Dividend-paying Analog Devices is indicating the start of a cyclical recovery in the semiconductor markets that will drive results for the next few years

NASDAQ:ADI
Read Analog Devices Extends Rally: Signals Start to Cyclical Recovery
TJ Maxx sign on the retail department store of TJX Companies location - San Jose California, USA - 2021
May 22, 2024 10:27 AM ET

TJX Companies Can Hit New Highs; Double-Digit Upside to Follow

Thomas Hughes

TJX Companies position as the leader in off-price retail has it set up to outperform in 2024 and drive shareholder value with dividends and repurchases.

NYSE:WMTNYSE:TGTNYSE:TJX
Read TJX Companies Can Hit New Highs; Double-Digit Upside to Follow
Target Corporation logo seen displayed on a smartphone
May 22, 2024 6:22 AM ET

Target Misses the Mark: Shares Pulling Back to the Buy Zone

Thomas Hughes

Target's struggles are not over and may worsen as the year progresses. Loss of share in key categories led to weak results and tepid guidance.

NYSE:WMTNYSE:TGT
Read Target Misses the Mark: Shares Pulling Back to the Buy Zone
Autozone stock forecast
May 21, 2024 10:49 AM ET

AutoZone Pulling Back Into the Buy Zone

Thomas Hughes

Autozone is buying back shares like mad, supporting the uptrend in its share prices, and a new all-time high is likely by year-end.

NYSE:LOWNYSE:AZO
Read AutoZone Pulling Back Into the Buy Zone
Palo Alto Networks stock forecast
May 21, 2024 8:05 AM ET

Buy the Dip in Palo Alto Networks; Analysts Raise Targets

Thomas Hughes

Palo Alto Networks is growing above the industry average, driving a significant market cap and shareholder equity increase.

NASDAQ:PANW
Read Buy the Dip in Palo Alto Networks; Analysts Raise Targets
Lowes stock price forecast
May 21, 2024 7:15 AM ET

Lowe’s Companies Tracking to New Highs in 2024

Thomas Hughes

Lowe's struggled in Q1 along with its competitor, The Home Depot, but the spring is stronger than expected, and guidance was reaffirmed.

NYSE:HDNYSE:LOW
Read Lowe’s Companies Tracking to New Highs in 2024
INSIDER TRADING text written on a notebook with chart
May 20, 2024 7:45 AM ET

Insider Trading is Good News for These Stocks

Thomas Hughes

Insiders are buying these hot stocks that have ample upside for investors. The list includes pharma, entertainment, and financial stocks and Berkshire buys.

NYSE:BMYNASDAQ:LSXMANASDAQ:LSXMK
Read Insider Trading is Good News for These Stocks
Take Two Interactive Stock
May 17, 2024 7:45 AM ET

Take-Two Interactive Software Offers 2nd Chance for Investors

Thomas Hughes

Take-Two Interactive Software had a solid quarter, but bookings were light, and the guidance underwhelmed, leading the analysts to trim targets.

Read Take-Two Interactive Software Offers 2nd Chance for Investors