S&P 500 Futures Rally 100 Points, Tech Sector Leads
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy HPE?
S&P 500 futures staged a rip-roaring 100 point rally in the final hour of Monday's trading above 6,815 following CBS News headlines relating that President Trump deems the Iran war to be largely over, with Tech - particularly Semis and Hardware - ending the day as the best sector in the index. Speaking to reporters this evening however, Trump has seemingly walked back the rhetoric interpreted as de-escalation with remarks that while he expects the war to be over soon, this will not happen this week. In the opening hour of the evening session, the S&P 500 contract is down 0.3%, back below 6,800 mark, with Nasdaq 100 futures also falling back by 0.3% below the 25,000 level.The headline-roulette volatility was similarly apparent in the energy market, as WTI Crude Oil futures had fallen all the way down to $81 per barrel on the initial reports of Trump comments on Iran. The evening session is seeing the contract trade north of $88.On Tuesday, traders will still tune in to CPI data, albeit the February release has been made less relevant by the stagflationary threat brought on by the Middle East escalation and oil markets shock uncorked last weekend.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -HP Enterpriseup 1.1%ALSO HIGHER -Joby Aviationup 3.1% after announcement company will begin U.S. Operations in 2026 under White House Air Taxi ProgramDOWN AFTER EARNINGS -FreightCar Americadown 19.6%Myomodown 11.3%Yalla Groupdown 9.0%Yextdown 4.1%Casey's General Storesdown 2.2%Vail Resortsdown 1.2%ALSO LOWER -Diversified Energy Companydown 2.1% after equity offering
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Analyst Views on HPE
Wall Street analysts forecast HPE stock price to rise
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 22.610
Low
21.00
Averages
27.13
High
31.00
Current: 22.610
Low
21.00
Averages
27.13
High
31.00
About HPE
Hewlett Packard Enterprise Company is a global technology company focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. Its customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. Its segments include Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other. Its Server segment offerings consist of general-purpose servers for multi-workload computing, workload-optimized servers, and integrated systems. Its Hybrid Cloud segment offers a range of cloud-native and hybrid solutions across storage, private cloud and the infrastructure software-as-a-service space. The Networking segment develops and sells high-performance networking and security products and services. Its Financial Services segment provides flexible investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Bear Market Concerns: There are increasing fears that the Nasdaq may soon enter a bear market, defined as a decline of 20%.
- Wall Street Perspective: Despite the downturn, there is a common belief on Wall Street that opportunities for profit exist in other sectors.
- Market Sentiment: The overall sentiment reflects anxiety about the tech-heavy index's performance amidst potential further declines.
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Bear Market Concerns: There are increasing fears that the index may soon enter a bear market, defined as a decline of 20% or more.
Wall Street Perspective: Despite the downturn, the sentiment on Wall Street remains optimistic, suggesting that there are always opportunities for gains in other sectors.
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- Surge in Trading Volume: The trading volume reached 53.3 million shares, about 48% above its three-month average of 36.1 million shares, reflecting heightened market uncertainty and declining investor sentiment regarding the company's future.
- Escalating Legal Risks: Following the indictment of a co-founder for allegedly diverting AI servers to China, Super Micro's shares have plunged over 25% since last week, with new class action lawsuits potentially exacerbating investor panic.
- Market Pressure Evident: Within the computer and office equipment sector, peers like Hewlett Packard Enterprise (NYSE:HPE) and Dell Technologies (NYSE:DELL) also experienced stock declines, highlighting the broader pressures and uncertainties facing the hardware industry.
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- Current Market Status: The Nasdaq is currently in a correction, having dropped over 10% from its recent highs.
- Bear Market Concerns: There are increasing fears that the Nasdaq may soon enter a bear market, defined as a decline of 20%.
- Wall Street Perspective: Despite the downturn, there is a common belief on Wall Street that opportunities for profit exist in other sectors.
- Market Sentiment: The overall sentiment reflects anxiety about the tech-heavy index's performance amidst potential further declines.
See More
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Current Market Status: The Nasdaq Composite is currently in a correction, having fallen over 10% from its recent highs.
Bear Market Concerns: There are increasing fears that the index may soon enter a bear market, defined as a decline of 20% or more.
Wall Street Perspective: Despite the downturn, the sentiment on Wall Street remains optimistic, suggesting that there are always opportunities for gains in other sectors.
Investment Outlook: Investors are encouraged to look for potential bull markets in different areas, even amidst the current challenges faced by the tech-heavy index.
See More
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- Memory Stock Selloff: Following Google's unveiling of the new compression technology TurboQuant, memory stocks like Micron Technology and Sandisk began to decline at the end of last week, with losses accelerating this week, reflecting investor concerns about the durability of AI-driven demand.
- Technological Impact: TurboQuant could reduce memory requirements for AI large language models by sixfold, with Evercore ISI noting that this development may ease cost pressures for hardware buyers, particularly server manufacturers like Dell Technologies and Hewlett Packard Enterprise.
- Market Reaction: Prior to this selloff, memory stocks had performed strongly, with Sandisk nearly tripling, up 170%, and Micron rising over 40%, but current market sentiment indicates worries about future demand.
- Investor Guidance: Mizuho analysts suggest that the current selloff is typical profit-taking and advise investors to remain calm, expecting memory stocks to rebound in the next three to six months, emphasizing that healthy market adjustments are necessary.
See More
Super Micro Computer Shares Drop 7.53% Amid Lawsuit Concerns
- Significant Stock Decline: Super Micro Computer (SMCI) closed at $22.21 on Thursday, down 7.65%, primarily due to investor reactions to new shareholder lawsuits and DOJ smuggling charges, indicating heightened market sensitivity to the company's legal risks.
- Surge in Trading Volume: Trading volume reached 53.3 million shares, approximately 48% above the three-month average of 36.1 million shares, reflecting a significant increase in market attention towards Super Micro while also indicating investor panic over potential risks.
- Escalating Legal Risks: Following the indictment of a co-founder for allegedly diverting AI servers to China, Super Micro's shares have plummeted over 25% since last week, raising investor concerns about future legal uncertainties and potentially leading to more class action lawsuits.
- Industry Pressure Evident: Within the computer and office equipment sector, peers like Hewlett Packard Enterprise and Dell Technologies also experienced declines, reflecting the overall pressure facing the hardware industry, which further undermines investor confidence in Super Micro.
See More
Super Micro Computer Shares Drop Amid Lawsuits and Downgrades
- Stock Price Decline: Super Micro Computer (NASDAQ:SMCI) closed at $22.21 on Thursday, down 7.65%, primarily due to investor reactions to fresh shareholder lawsuits and DOJ smuggling charges, indicating a direct impact of legal risks on stock performance.
- Surge in Trading Volume: The trading volume reached 53.3 million shares, about 48% above its three-month average of 36.1 million shares, reflecting heightened market uncertainty and declining investor sentiment regarding the company's future.
- Escalating Legal Risks: Following the indictment of a co-founder for allegedly diverting AI servers to China, Super Micro's shares have plunged over 25% since last week, with new class action lawsuits potentially exacerbating investor panic.
- Market Pressure Evident: Within the computer and office equipment sector, peers like Hewlett Packard Enterprise (NYSE:HPE) and Dell Technologies (NYSE:DELL) also experienced stock declines, highlighting the broader pressures and uncertainties facing the hardware industry.
See More
S&P 500 Stock Analysis and Recommendations
- GoDaddy Sales Weakness: GoDaddy, with a market cap of $10.88 billion, has shown an average billing growth of only 5.5% over the past year, indicating struggles in software sales that may necessitate price reductions to stimulate demand, with estimated sales growth dropping to 5.7% over the next 12 months, impacting its competitive position.
- Caterpillar Growth Stagnation: Caterpillar, valued at $334.6 billion, has experienced flat sales over the past two years while facing high input costs that have resulted in a gross margin of just 29.2%, alongside a concerning annual EPS decline of 5.2%, which could negatively affect its stock price in the long run.
- Hewlett Packard Enterprise Positive Outlook: Hewlett Packard Enterprise, with a market cap of $34.21 billion, has averaged a remarkable 47.2% growth in annual recurring revenue over the past two years, indicating that its offerings are crucial for customer operations, with projected revenue growth of 16.8% over the next 12 months likely to enhance its market share.
- Market Dynamics Observation: In the current market environment, investors should pay attention to the performance of high-quality stocks, particularly those with strong fundamentals and near-term momentum, to seize potential investment opportunities.
See More
