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 fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 33.000
Low
21.00
Averages
27.13
High
31.00
Current: 33.000
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.
NX Group Wins HPE Global Logistics Partner Award for First Time
- Global Logistics Partner Award: The NX Group received the Global Logistics Partner Award for the first time at the 2026 HPE Operations Partner Summit, highlighting its exceptional performance and strong commitment in the logistics sector, thereby enhancing its position in global supply chains.
- Outstanding Evaluation Criteria: The NX Group achieved high marks across multiple evaluation criteria, including account management, innovation, resilience, IT support, sustainability, and operational performance, particularly demonstrating flexible logistics solutions in response to ongoing global supply chain disruptions and geopolitical risks.
- Strategic Partnership Expansion: By expanding its service coverage in Europe, the Middle East, and Africa, the NX Group has further strengthened its partnership with HPE, providing logistics solutions that support HPE's overall ecosystem and drive mutual growth.
- Commitment to Future Development: The NX Group is committed to not only providing transport and delivery services but also acting as a strategic partner to support HPE's AI infrastructure improvements and net-zero goals, dedicated to delivering reliable and transparent logistics solutions that create greater value.
See More
J.P. Morgan Optimistic on Dell and Hewlett Packard Enterprise Ahead of Earnings
- Positive Outlook for Dell: J.P. Morgan raised Dell's price target from $205 to $280, anticipating an increase in fiscal year 2027 earnings growth from 25% to 27%, driven by a first-quarter earnings beat, although supply visibility still needs to catch up with high AI server demand.
- Growth Drivers for Hewlett Packard: Hewlett Packard Enterprise's price target was increased from $27 to $37, with analysts citing strong networking demand as a key factor for raising earnings outlook, particularly in campus business and cloud routing, indicating robust refresh activity among enterprise customers.
- Challenges for HP: J.P. Morgan maintained a Neutral rating on HP, raising the price target from $19 to $22, while expecting strong PC demand to provide near-term earnings upside, the overall earnings outlook will be limited due to margin pressures from memory-related headwinds.
- Improving Market Sentiment: As concerns around memory headwinds moderate, the valuation multiples for IT hardware companies are returning to more appropriate levels, which analysts believe will help improve investor sentiment, especially in light of rising earnings expectations for Dell and Hewlett Packard Enterprise.
See More
Market Dynamics and Investment Opportunities Analysis
- Tech Sector Weakness: Nasdaq 100 futures are down over 1.5%, indicating weakness in tech stocks, while U.S. WTI crude oil prices have risen 3% to $104 per barrel, and market interest rates are also climbing, with the 10-year Treasury yield surpassing 4.56% and the 30-year yield reaching 5.1%, which could exert pressure on the stock market.
- Applied Materials Strong Quarter: Applied Materials reported a robust quarterly performance, beating both revenue and earnings expectations, yet its inability to increase machine and tool output has kept supplies tight; Citi raised its price target from $520 to $550, but the stock still fell 2%, reflecting market concerns about the semiconductor sector.
- Deutsche Bank Bullish on BWX Technologies: Deutsche Bank upgraded BWX Technologies from hold to buy, citing an improving outlook for nuclear energy; BWX primarily designs and manufactures nuclear components for the Navy, and despite a good quarter earlier this month, the stock was poorly received, indicating cautious investor sentiment.
- Texas Roadhouse Potential: RBC Capital upgraded Texas Roadhouse from hold to buy, anticipating that declining beef prices will improve margins; although the company has struggled with high beef inflation, market optimism about its future is beginning to rise.
See More
HPE Appoints Global Distribution Partners to Enhance Unified Model
- Global Distribution Partners: HPE has named Ingram Micro and TD SYNNEX as its global distribution partners, aiming to accelerate the implementation of a unified distribution model that provides greater simplicity and consistency for partners, which is expected to drive additional investment in dedicated HPE resources.
- Enhanced Partner Capabilities: By collaborating with these two global distribution leaders, HPE will enhance partner expertise in networking, cloud, and AI, enabling them to more effectively sell and service HPE's full portfolio of solutions, thereby increasing customer value.
- Evolution of Distribution Model: This partnership marks the next phase of HPE's distribution evolution, building on last year's acquisition of Juniper Networks, where HPE and Juniper's complementary networks will thoughtfully shape a more unified distribution landscape that balances growth and partner choice.
- Long-term Strategic Support: HPE will continue to identify the right mix of distribution partners at the country level to support its long-term priorities, ensuring that the new model reflects regional needs while maintaining global consistency, further enhancing engagement with partners throughout the transition.
See More
Key Market Highlights for Today
- Cerebras IPO: Cerebras Systems successfully raised $5.5 billion in its IPO today, focusing on ultra-fast AI chip processing, with OpenAI committing to purchase its computing capacity, indicating strong market demand for efficient AI computing.
- Cisco's Strong Quarter: Cisco reported a blowout quarter with robust data center performance, sending shares up nearly 15% in premarket trading, reflecting massive demand for networking equipment and underscoring the ongoing growth in AI spending, enhancing the investment case for data center stocks.
- Dell Price Target Increase: Citi raised Dell's price target from $235 to $290 ahead of its earnings report, anticipating continued strong performance in the server market; despite rising memory costs, Dell's scale and pricing agility are expected to provide competitive advantages.
- Broadcom Price Target Boost: Wells Fargo increased Broadcom's price target from $430 to $545, significantly raising AI chip revenue forecasts, highlighting the underappreciated potential in its networking segment, which could drive stock price appreciation.
See More
Citi Raises Price Targets for Dell and HPE Ahead of Earnings
- Price Target Increase: Citi analyst Asiya Merchant raised Dell's price target from $235 to $290, reflecting optimism about sustained AI and server growth, alongside improvements in storage execution and steady PC progress.
- Positive Stock Reaction: Following Citi's price target upgrades, Dell's shares rose 1.9% in premarket trading, while HPE's shares increased by 5%, indicating market confidence in the future performance of both companies.
- HPE Target Price Boost: Citi also raised HPE's price target from $27 to $39, primarily based on positive outlooks for post-Juniper networking momentum and supportive commentary on AI server demand, suggesting increasing needs for enterprise AI and neocloud deployments.
- Upcoming Earnings Reports: Dell is set to release its fiscal fourth-quarter results on May 28, while HPE will report its fiscal second-quarter results on June 1, with the market eagerly anticipating these earnings, which could further drive stock price increases.
See More
NX Group Wins HPE Global Logistics Partner Award for First Time
- Global Logistics Partner Award: The NX Group received the Global Logistics Partner Award for the first time at the 2026 HPE Operations Partner Summit, highlighting its exceptional performance and strong commitment in the logistics sector, thereby enhancing its position in global supply chains.
- Outstanding Evaluation Criteria: The NX Group achieved high marks across multiple evaluation criteria, including account management, innovation, resilience, IT support, sustainability, and operational performance, particularly demonstrating flexible logistics solutions in response to ongoing global supply chain disruptions and geopolitical risks.
- Strategic Partnership Expansion: By expanding its service coverage in Europe, the Middle East, and Africa, the NX Group has further strengthened its partnership with HPE, providing logistics solutions that support HPE's overall ecosystem and drive mutual growth.
- Commitment to Future Development: The NX Group is committed to not only providing transport and delivery services but also acting as a strategic partner to support HPE's AI infrastructure improvements and net-zero goals, dedicated to delivering reliable and transparent logistics solutions that create greater value.
See More
J.P. Morgan Optimistic on Dell and Hewlett Packard Enterprise Ahead of Earnings
- Positive Outlook for Dell: J.P. Morgan raised Dell's price target from $205 to $280, anticipating an increase in fiscal year 2027 earnings growth from 25% to 27%, driven by a first-quarter earnings beat, although supply visibility still needs to catch up with high AI server demand.
- Growth Drivers for Hewlett Packard: Hewlett Packard Enterprise's price target was increased from $27 to $37, with analysts citing strong networking demand as a key factor for raising earnings outlook, particularly in campus business and cloud routing, indicating robust refresh activity among enterprise customers.
- Challenges for HP: J.P. Morgan maintained a Neutral rating on HP, raising the price target from $19 to $22, while expecting strong PC demand to provide near-term earnings upside, the overall earnings outlook will be limited due to margin pressures from memory-related headwinds.
- Improving Market Sentiment: As concerns around memory headwinds moderate, the valuation multiples for IT hardware companies are returning to more appropriate levels, which analysts believe will help improve investor sentiment, especially in light of rising earnings expectations for Dell and Hewlett Packard Enterprise.
See More
Market Dynamics and Investment Opportunities Analysis
- Tech Sector Weakness: Nasdaq 100 futures are down over 1.5%, indicating weakness in tech stocks, while U.S. WTI crude oil prices have risen 3% to $104 per barrel, and market interest rates are also climbing, with the 10-year Treasury yield surpassing 4.56% and the 30-year yield reaching 5.1%, which could exert pressure on the stock market.
- Applied Materials Strong Quarter: Applied Materials reported a robust quarterly performance, beating both revenue and earnings expectations, yet its inability to increase machine and tool output has kept supplies tight; Citi raised its price target from $520 to $550, but the stock still fell 2%, reflecting market concerns about the semiconductor sector.
- Deutsche Bank Bullish on BWX Technologies: Deutsche Bank upgraded BWX Technologies from hold to buy, citing an improving outlook for nuclear energy; BWX primarily designs and manufactures nuclear components for the Navy, and despite a good quarter earlier this month, the stock was poorly received, indicating cautious investor sentiment.
- Texas Roadhouse Potential: RBC Capital upgraded Texas Roadhouse from hold to buy, anticipating that declining beef prices will improve margins; although the company has struggled with high beef inflation, market optimism about its future is beginning to rise.
See More
HPE Appoints Global Distribution Partners to Enhance Unified Model
- Global Distribution Partners: HPE has named Ingram Micro and TD SYNNEX as its global distribution partners, aiming to accelerate the implementation of a unified distribution model that provides greater simplicity and consistency for partners, which is expected to drive additional investment in dedicated HPE resources.
- Enhanced Partner Capabilities: By collaborating with these two global distribution leaders, HPE will enhance partner expertise in networking, cloud, and AI, enabling them to more effectively sell and service HPE's full portfolio of solutions, thereby increasing customer value.
- Evolution of Distribution Model: This partnership marks the next phase of HPE's distribution evolution, building on last year's acquisition of Juniper Networks, where HPE and Juniper's complementary networks will thoughtfully shape a more unified distribution landscape that balances growth and partner choice.
- Long-term Strategic Support: HPE will continue to identify the right mix of distribution partners at the country level to support its long-term priorities, ensuring that the new model reflects regional needs while maintaining global consistency, further enhancing engagement with partners throughout the transition.
See More
Key Market Highlights for Today
- Cerebras IPO: Cerebras Systems successfully raised $5.5 billion in its IPO today, focusing on ultra-fast AI chip processing, with OpenAI committing to purchase its computing capacity, indicating strong market demand for efficient AI computing.
- Cisco's Strong Quarter: Cisco reported a blowout quarter with robust data center performance, sending shares up nearly 15% in premarket trading, reflecting massive demand for networking equipment and underscoring the ongoing growth in AI spending, enhancing the investment case for data center stocks.
- Dell Price Target Increase: Citi raised Dell's price target from $235 to $290 ahead of its earnings report, anticipating continued strong performance in the server market; despite rising memory costs, Dell's scale and pricing agility are expected to provide competitive advantages.
- Broadcom Price Target Boost: Wells Fargo increased Broadcom's price target from $430 to $545, significantly raising AI chip revenue forecasts, highlighting the underappreciated potential in its networking segment, which could drive stock price appreciation.
See More
Citi Raises Price Targets for Dell and HPE Ahead of Earnings
- Price Target Increase: Citi analyst Asiya Merchant raised Dell's price target from $235 to $290, reflecting optimism about sustained AI and server growth, alongside improvements in storage execution and steady PC progress.
- Positive Stock Reaction: Following Citi's price target upgrades, Dell's shares rose 1.9% in premarket trading, while HPE's shares increased by 5%, indicating market confidence in the future performance of both companies.
- HPE Target Price Boost: Citi also raised HPE's price target from $27 to $39, primarily based on positive outlooks for post-Juniper networking momentum and supportive commentary on AI server demand, suggesting increasing needs for enterprise AI and neocloud deployments.
- Upcoming Earnings Reports: Dell is set to release its fiscal fourth-quarter results on May 28, while HPE will report its fiscal second-quarter results on June 1, with the market eagerly anticipating these earnings, which could further drive stock price increases.
See More
