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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 16

makeup store
August 15, 2024 9:37 AM ET

Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock

Thomas Hughes

Berkshire Hathaway disclosed a stake in Ulta Beauty, sending its shares up by 10%, and another 50% upside is possible at the consensus estimate.

NASDAQ:AAPLNYSE:ELFNASDAQ:ULTA
Read Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Walmart Retail Location
August 15, 2024 8:51 AM ET

Walmart Stock: Buy the Rip or Wait for the Dip? 

Thomas Hughes

Walmart is a weapon of mass transactions, growing revenue above consensus and raising yearly guidance. Analysts' responses favor higher share prices.

NASDAQ:COSTNYSE:BJNASDAQ:PSMT
Read Walmart Stock: Buy the Rip or Wait for the Dip? 
McDonalds Sign - Stock Editorial Photography
August 15, 2024 5:50 AM ET

Unlocking Growth: Why Arcos Dorados Belongs in Your Portfolio

Thomas Hughes

Arcos Dorados is sitting pretty as the largest and fastest-growing McDonald's franchise, well-positioned with the expanding Latin American market.

NYSE:WMTNASDAQ:PSMTNASDAQ:COST
Read Unlocking Growth: Why Arcos Dorados Belongs in Your Portfolio
chilis restaurant exterior logo sign
August 14, 2024 10:22 AM ET

Brinker International’s Price Dip is an Appetizing Entry Point

Thomas Hughes

Brinker International is executing its strategy and growing business while widening its margin. Shares are down significantly, offering a tasty dip to buy.

NYSE:EAT
Read Brinker International’s Price Dip is an Appetizing Entry Point
Serve Robotics Delivery. On Delivery Food to Customer
August 14, 2024 8:55 AM ET

Serve Robotics Is Serving Up a Selling Opportunity

Thomas Hughes

Serve Robotics had a decent quarter, but strength is not expected to last; mounting losses and the threat of dilution are expected to last.

NYSE:SHAKNYSE:UBERNASDAQ:SERV
Read Serve Robotics Is Serving Up a Selling Opportunity
Chipotle Mexican Grill logo seen displayed on a smartphone with United States Dollar notes and coins in the background
August 14, 2024 6:15 AM ET

Chipotle Mexican Grill: Take a Bite of This Smoking Hot Deal

Thomas Hughes

Chipotle Mexican Grill is trading at a smoking hot discount after a knee-jerk reaction to CEO Brian Niccol's departure. Analysts forecast new highs.

NASDAQ:SBUXNYSE:CMG
Read Chipotle Mexican Grill: Take a Bite of This Smoking Hot Deal
Nvidia logo quadro semiconductor
August 14, 2024 5:30 AM ET

Is NVIDIA Stock a Buy Ahead of Earnings?

Thomas Hughes

NVIDIA is still down from its highs and may retest support before it sets another all-time high but new all-time highs are likely before the year's end.

NYSE:BACNASDAQ:SOXXNASDAQ:NVDA
Read Is NVIDIA Stock a Buy Ahead of Earnings?
pair of fashionable walking sneakers. Sport shoes. Fashionable street shoes of the QC brand on a blue background
August 13, 2024 10:18 AM ET

Buy On Holdings Stock Before the Market Catches Its Second Wind?

Thomas Hughes

On Holdings is gaining traction and accelerating sales and profits. The market likes what it saw in the results and is on track to drive prices to a new high

NYSE:ONONNYSE:NKE
Read Buy On Holdings Stock Before the Market Catches Its Second Wind?
Boston Omaha logo displayed on smartphone
August 13, 2024 8:19 AM ET

3 Small Cap Stocks Insiders Are Actively Buying

Thomas Hughes

Insiders are buying small-cap stocks, including Boston Omaha, Culp, and Palladyne AI. All have a catalyst in lower interest rates which are expected soon.

NYSE:CULPNASDAQ:PDYNNYSE:BOC
Read 3 Small Cap Stocks Insiders Are Actively Buying
interior of Home Depot store
August 13, 2024 7:36 AM ET

Buy the Dip in Home Depot, But Wait for It to Bottom First 

Thomas Hughes

Home Depot had a decent quarter aided by acquisitions, but negative comps and weak guidance are weighing on the market and may lead it lower.

NASDAQ:HDSNYSE:HD
Read Buy the Dip in Home Depot, But Wait for It to Bottom First 
Selective focus of two multicultural programmers working together in office - stock image
August 12, 2024 9:25 AM ET

Monday.com's Stock Results Will Brighten Any Investor's Week

Thomas Hughes

Monday.com had another robust quarter, raising guidance that it will likely exceed. Analysts are leading this market to a fresh multi-year high.

NASDAQ:MNDY
Read Monday.com's Stock Results Will Brighten Any Investor's Week
A smartphone with the Take-Two logo on the screen on the pile of the gamepads
August 12, 2024 7:51 AM ET

It’s Time to Take a Second Look at Take-Two Interactive Stock

Thomas Hughes

Take-Two Interactive is on track with its turnaround, returning to top-line growth sooner than expected and reaffirming the outlook for new game releases.

NASDAQ:TTWO
Read It’s Time to Take a Second Look at Take-Two Interactive Stock
DataDog stock
August 9, 2024 10:12 AM ET

Datadog: Out of the Dog House and Into Your Portfolio?

Thomas Hughes

Datadog had a beat-and-raise quarter, leading its stock to surge. The question is if the rally is sustainable: analysts say yes, but the upside may be limited.

NASDAQ:DDOG
Read Datadog: Out of the Dog House and Into Your Portfolio?
Flat lay composition with skin foundation, powder and beauty accessories on color background - stock image
August 9, 2024 8:33 AM ET

Buy the Dip in e.l.f. Beauty: Analysts Point to a New High

Thomas Hughes

e.l.f. Beauty had a strong quarter and raised guidance but the news resulted in lower prices, opening up an attractive opportunity for investors.

NYSE:ELF
Read Buy the Dip in e.l.f. Beauty: Analysts Point to a New High
Obesity drugs
August 9, 2024 5:00 AM ET

It's Too Soon to Buy the Dip in Weight Loss Drugmakers

Thomas Hughes

Obesity drugs are a hot market and one still accelerating as new treatments are approved and usage widens. The bad news is that much of the growth is priced in.

NYSE:NVONYSE:LLY
Read It's Too Soon to Buy the Dip in Weight Loss Drugmakers
Fortinet headquarters Fortinet is an American cybersecurity company.
August 8, 2024 9:02 AM ET

Cybersecurity Stock Surges, Promising Double-Digit Gains

Thomas Hughes

Fortinet had a solid quarter, producing record margins and robust cash flow. Shareholder equity has inverted to positive, and analysts are raising targets

NASDAQ:FTNT
Read Cybersecurity Stock Surges, Promising Double-Digit Gains
A Rivian EV Truck parked in a neighborhood in Orlando, Florida
August 8, 2024 6:00 AM ET

Rivian is Heading Back to $10 or Lower: Here’s Why

Thomas Hughes

Rivian struggled in Q2, producing wider losses than in the year-ago period, setting its stock up for a big fall and the $10 level may not be the bottom.

NASDAQ:RIVN
Read Rivian is Heading Back to $10 or Lower: Here’s Why
Shopify, eCommerce Image - Background Theme — Stock Editorial Photography
August 8, 2024 5:45 AM ET

Shopify Stock Fires a Strong Buy Signal After Robust Results

Thomas Hughes

Shopify reported a blowout quarter and guidance that sent a signal it was time to start buying this stock. Shares are up 25% and may rise another 25% soon.

Read Shopify Stock Fires a Strong Buy Signal After Robust Results
Panoramic view of Partners statue (Walt Disney and Mickey) in Magic KIngdom
August 8, 2024 5:00 AM ET

Oversold and Underloved, Disney is Ready to Rebound Strongly

Thomas Hughes

Disney had another magical quarter in which the Iger-led turnaround gained traction, resulting in a widening margin and improved free cash flow.

NYSE:DIS
Read Oversold and Underloved, Disney is Ready to Rebound Strongly
close up chip and Electronic hardware on motherboard top view
August 7, 2024 9:09 AM ET

Super Micro Computers Splits Stock: Is This the Time to Buy?

Thomas Hughes

Supermicro Computer is down on tepid results, but the cash flow, guidance, and upcoming stock split make it a screaming buy at these levels.

NASDAQ:AMDNASDAQ:NVDANASDAQ:SMCI
Read Super Micro Computers Splits Stock: Is This the Time to Buy?
Chicago - Circa April 2023: Lucid Air Touring sedan display at the Service Center. Lucid Motors is a manufacturer of luxury EV Electric Vehicles.
August 7, 2024 6:00 AM ET

Lucid Group Stock Gains Traction, But Its Stock Price Won’t

Thomas Hughes

Lucid Group made headway in Q2 but slowly and cash continues to burn while investment from the PIF dilutes shareholder value.

NASDAQ:LCID
Read Lucid Group Stock Gains Traction, But Its Stock Price Won’t
SoundHound website displayed on a modern smartphone - Stock Editorial Photography
August 7, 2024 5:50 AM ET

3 Promising Small-Cap AI Stocks for the Next Market Rally

Thomas Hughes

Another AI bubble is about to form, this time larger than before, as AI services are unleashed and embraced by businesses seeking to enhance operational profit.

NASDAQ:VRNTNASDAQ:INODNASDAQ:SOUN
Read 3 Promising Small-Cap AI Stocks for the Next Market Rally
LKQ corporation stock sign
August 7, 2024 5:00 AM ET

Top 2 High-Yield Stocks That Insiders Are Buying

Thomas Hughes

FutureFuel and LKQ Corporation are two high-yielding stocks that insiders are buying. Insider buying includes directors, CEOs, and numerous VPs.

NASDAQ:LKQNYSE:FF
Read Top 2 High-Yield Stocks That Insiders Are Buying
Computer Microchips  on Electronic circuit board. Technology microelectronics concept background. Macro shot, selective focus, extremely shallow DOF. Noises and large grain - stylization under film.
August 6, 2024 8:07 AM ET

There is a Big Opportunity in Microchip Technology’s Sell-Off

Thomas Hughes

Microchip Technologies is set up for a stong rebound that will begin before the year's end as end-market normalization and a new tailwind drive strength.

NASDAQ:MCHP
Read There is a Big Opportunity in Microchip Technology’s Sell-Off