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Thomas Hughes, Contributing Author at MarketBeat

Articles by Thomas Hughes - Page 33

Hormel Stock price outlook
February 29, 2024 7:40 AM ET

Hormel Stock is Ready for a Significant Advance after Report

Thomas Hughes

Hormel had a solid quarter, returning to growth and reaffirming full-year guidance. The dividend is safe, and the balance sheet is improving, driving value.

NYSE:HRL
Read Hormel Stock is Ready for a Significant Advance after Report
Workday sign stocks price
February 28, 2024 5:10 AM ET

Workday Stock Price is Working on a Buy-the-Dip Opportunity

Thomas Hughes

Workday had a solid quarter despite tepid results relative to analysts' forecasts. The margin is widening, cash flow is solid, and acquisitions help it grow.

NASDAQ:WDAY
Read Workday Stock Price is Working on a Buy-the-Dip Opportunity
Palantir stock price
February 28, 2024 5:00 AM ET

Palantir Stock Has It all… Except the Analysts' Support

Thomas Hughes

Palantir is gaining traction despite naysaying analysts who peg the stock at Reduce. Institutions are buying and growth is expected to sustain at 20% for years.

NYSE:PLTR
Read Palantir Stock Has It all… Except the Analysts' Support
Autzone stock price
February 27, 2024 10:49 AM ET

Autozone stock price is still in the rally zone

Thomas Hughes

Autozone is automating investor returns with a robust share repurchase program with this market in the "buy zone" and heading higher.

NYSE:AZO
Read Autozone stock price is still in the rally zone
Penny Stocks are shown on a business photo using the text
February 27, 2024 9:15 AM ET

2 penny stocks insiders are buying 

Thomas Hughes

Penny stocks come with outsized risks, but some risks can be mitigated by following the insiders. Insiders aren't going to waste good money on a bad company.

NASDAQ:OPKNASDAQ:SLND
Read 2 penny stocks insiders are buying 
March 28, 2020, Brazil. In this photo illustration the Lowes Companies logo is displayed on a smartphone.
February 27, 2024 8:59 AM ET

New highs are coming for Lowe’s stock despite mixed results

Thomas Hughes

Lowe's is moving higher after a solid report and weak guidance. The takeaway is that cash flow is solid and capital returns support the market.

NYSE:HDNYSE:LOW
Read New highs are coming for Lowe’s stock despite mixed results
bloomin brands stock price
February 23, 2024 7:29 AM ET

Bloomin’ Brands could blossom in 2024

Thomas Hughes

Bloomin' Brands is a deeply undervalued stock, yielding more than 3.5% and repurchasing shares. Activist investors are involved and may help unlock value.

NYSE:DRINASDAQ:BLMN
Read Bloomin’ Brands could blossom in 2024
Keurig-Dr Pepper stock chart
February 22, 2024 11:36 AM ET

Keurig-Dr Pepper stock: Time to take another sip?

Thomas Hughes

Keurig Dr Pepper had a mixed quarter and gave soft guidance but forecasts growth will continue and margins widen: cash flow and capital returns are healthy.

NYSE:KONASDAQ:PEPNASDAQ:KDP
Read Keurig-Dr Pepper stock: Time to take another sip?
Rivian stock price outlook
February 22, 2024 9:13 AM ET

Rivian shares gets discounted; shares can move lower 

Thomas Hughes

Rivian had a mixed quarter, with losses mounting and guidance poor. Analysts are lowering the targets and driving the market to new lows.

NASDAQ:AMZNNASDAQ:TSLANYSE:F
Read Rivian shares gets discounted; shares can move lower 
Nvidis stock price
February 22, 2024 7:55 AM ET

AI powerhouse NVIDIA will hit $1000 soon

Thomas Hughes

NVIDIA had another mind-blowing quarter of growth and margin expansion to fuel its rally. A move to $1000 could come soon, aided by capital returns.

NASDAQ:NVDA
Read AI powerhouse NVIDIA will hit $1000 soon
Insider trading sign
February 22, 2024 5:16 AM ET

Insiders sell Amprius Technologies; Analysts see 100% upside

Thomas Hughes

Amprius Technologies insiders are selling the stock, but analysts see a triple-digit upside for this market-disrupting technology.

NYSE:JOBYNYSE:ACHRNYSE:TDY
Read Insiders sell Amprius Technologies; Analysts see 100% upside
Palo Alto Networks stock price
February 21, 2024 8:50 AM ET

Palo Alto Networks aims at cyber security leadership

Thomas Hughes

Cybersecurity market leader Palo Alto Networks burst the bubble when it made a strategic shift that will sacrifice near-term results for long-term gains.

NASDAQ:PANW
Read Palo Alto Networks aims at cyber security leadership
Toll brothers stock price
February 21, 2024 7:45 AM ET

Housing data weakens, but Toll Brothers stock is still a buy

Thomas Hughes

Toll Brothers returns to growth. Cash flow is ample, driving robust capital returns and improvement in shareholder value.

NYSE:TOL
Read Housing data weakens, but Toll Brothers stock is still a buy
Home Depot stock price
February 21, 2024 5:50 AM ET

Range-bound Home Depot stock still is, lower prices ahead

Thomas Hughes

Home Depot raised its dividend 7.7%, but it may not be enough to keep the market in rally mode. Guidance is weak and leading the market to reset expectations.

NYSE:HD
Read Range-bound Home Depot stock still is, lower prices ahead
Walmart stock price
February 20, 2024 9:00 AM ET

Walmart’s uptrend is intact; buy it when it dips

Thomas Hughes

Walmart had a solid quarter and gained a share from competitors as shoppers spend less per trip but come more frequently in search of everyday items.

NYSE:WMTNASDAQ:COSTNYSE:TGT
Read Walmart’s uptrend is intact; buy it when it dips
E-VTOL stocks for 2024
February 20, 2024 5:55 AM ET

3 E-VTOL stocks: Which ones can fly higher in 2024?

Thomas Hughes

EVTOL companies like Archer Aviation, Joby Aviation, and Vertical Aerospace are on track to commence operations in major cities globally.

NYSE:EVTLNYSE:ACHRNYSE:JOBY
Read 3 E-VTOL stocks: Which ones can fly higher in 2024?
stock with shareholder equity
February 20, 2024 5:18 AM ET

5 stocks growing shareholder equity in 2024

Thomas Hughes

Shareholder equity is a measure of business value that investors should pay attention to. This is a look at five stocks growing equity in 2024.

NYSE:SHOPNYSE:NETNYSE:SSD
Read 5 stocks growing shareholder equity in 2024
Procore Technologies logo on a screen
February 16, 2024 8:52 AM ET

Reversal in play for Procore Technologies

Thomas Hughes

Procore Technologies is emerging as the tech solution for construction-related project management; its SaaS business is growing and outpacing the market.

NYSE:PCOR
Read Reversal in play for Procore Technologies
DraftKings on a smartphone with the DraftKings logo in the background
February 16, 2024 8:05 AM ET

DraftKings: New highs not a gamble for this market

Thomas Hughes

DraftKings had a solid quarter widening margin and preparing to move into new jurisdictions and markets: analysts defend their targets despite the miss.

NASDAQ:DKNG
Read DraftKings: New highs not a gamble for this market
Cisco Systems stock price income investors
February 16, 2024 5:00 AM ET

Cisco Systems stock: Income investors buy the dip

Thomas Hughes

Cisco Systems outperformed in Q2 but gave weak guidance that lowered the market. However, cash flow and capital return remain strong, and analysts are holding.

NASDAQ:CSCO
Read Cisco Systems stock: Income investors buy the dip
OXY stock price outlook
February 15, 2024 8:59 AM ET

Occidental Petroleum stock price is ready to gush higher

Thomas Hughes

Occidental Petroleum is executing plans to reduce debt, free cash flow, and return capital to investors through dividend growth and repurchases.

NYSE:OXY
Read Occidental Petroleum stock price is ready to gush higher
Kraft Heinz stock builds value for shareholders: buy on the dip
February 14, 2024 6:55 AM ET

Kraft Heinz stock builds value for shareholders: buy on the dip

Thomas Hughes

The Kraft Heinz Company had a tepid quarter, but cash flow and margin are improving with revenue growth in the outlook and capital returns safe.

NASDAQ:KHC
Read Kraft Heinz stock builds value for shareholders: buy on the dip
It’s time to put Shopify stock back on the buy list
February 13, 2024 10:48 AM ET

It’s time to put Shopify stock back on the buy list

Thomas Hughes

Explore Shopify's stellar Q4: $2.14B revenue, 23.7% YoY growth, robust GMV increase, and impressive margin improvements. Insights into 2024 projections included

NYSE:SHOP
Read It’s time to put Shopify stock back on the buy list
Waste Management: Is it a good use of your time?
February 13, 2024 9:00 AM ET

Waste Management: Is it a good use of your time?

Thomas Hughes

Waste Management is a deeply undervalued stock relative to its peers and may see a substantial price-multiple expansion in 2024.

NYSE:RSGTSE:WCNNYSE:ROL
Read Waste Management: Is it a good use of your time?