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Wall Street Hits New Highs as Tech Gains
US Markets

Wall Street Hits New Highs as Tech Gains

Wall Street's equity benchmarks hit fresh all-time highs on Tuesday amid gains in the technology sector.The Dow Jones Industrial Average rose 0.5% to 51,307.8, while the S&P 500 edged up 0.1% to 7,609.8. The Nasdaq Composite eked out a small gain to settle just above the flatline at 27,093.9. All three indexes logged new closing highs.Most sectors ended in the green, led by utilities, while communication services saw the biggest decline. Tech gained 0.9%.Hewlett Packard Enterprise's (HPE) shares jumped nearly 20%, the top gainer on the S&P 500. Late Monday, the IT company lifted its full-year outlook and reported stronger-than-expected fiscal second-quarter results."The biggest takeaway from the quarter was that (Hewlett Packard) is benefiting from the same pricing dynamic that has recently driven upside at (Dell Technologies)," Morgan Stanley said in a note emailed to. "Customers are absorbing materially higher server prices with little evidence of demand destruction."Marvell Technology (MRVL) shares surged nearly 33% after Nvidia (NVDA) Chief Executive Jensen Huang reportedly said Marvell could be the next chip company to join the trillion-dollar club.IBM's (IBM) move to boost its quantum computing investment will likely take years before it starts yielding benefits, but the strategy is a "net positive" amid a rapidly evolving software landscape, Wedbush Securities said. IBM closed 2.8% higher.In economic news, US job openings hit their highest level in almost two years in April, while hiring and layoffs fell, official data showed."Job openings jumped to their highest level in nearly two years, but this likely overstates the strength of the labor market, as the increase didn't translate into a higher hiring rate," Oxford Economics said in a note. "The result should be taken with a grain of salt and doesn't suggest a sudden tightening of labor market conditions is ahead."Official data are expected to show Friday that the US economy added 95,000 nonfarm jobs in May, compared with a 115,000 increase reported for the previous month, according to a Bloomberg poll.West Texas Intermediate crude oil was up 1.6% at $93.62 a barrel in Tuesday late-afternoon trade, while Brent rose 1.1% to $95.99.Negotiations with Iran continue, US President Donald Trump said Tuesday.On Monday, Iranian state-affiliated outlet Tasnim reported that the country suspended talks with the US in retaliation to Israel's military action in Lebanon."Crude oil continues to trade from one headline to the next, making it increasingly difficult for traders to maintain conviction beyond a few hours," Saxo Bank said in a Tuesday report. "Beneath the headline-driven volatility, global energy markets continue to tighten, with the main focus remaining on the Strait of Hormuz, a vital shipping artery that remains effectively shut, sustaining concerns about supply disruptions and elevated energy prices."Switching to monetary policy, the Federal Reserve may need to raise interest rates should inflationary pressures persist, Cleveland Fed President Beth Hammack said Tuesday."I'm more concerned about the growing risks of persistently elevated inflation than the risks to full employment and also that monetary policy may not be sufficiently restrictive to bring inflation down to 2%," Hammack said in prepared remarks for an event in Ohio. "If we wait for definitive evidence that high inflation has become embedded in the economy, it may require larger policy adjustments, at greater cost."US Treasury yields were mixed, with the 10-year rate little changed at 4.46%, and the two-year rate rising two basis points to 4.06%.Gold was last up 0.3% at $4,517.70 per troy ounce, while silver rose 0.3% to $75.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$HPE$MRVL$NVDA
Asia Markets

US Equity Indexes Edge Up, Crude Oil Jumps Amid Reports Talks Continuing to Reach Israeli-Hezbollah Truce in Lebanon

US equity indexes ground higher while crude oil futures jumped as media reports claiming that parts of Lebanon remain under Israeli attack added to confusion surrounding the status of peace talks between Washington and Tehran.The Nasdaq Composite rose less than 0.1% to 27,093.90, giving up most of its intraday gains at the close on Tuesday. The S&P 500 edged up 0.1% to 7,609.78, and the Dow Jones Industrial Average climbed 0.5% to 51,307.79.Utilities, materials, and industrials were among the top gainers, while communication services led the decliners.The fourth round of talks between Israel and Lebanon is underway in Washington, DC, where Lebanese negotiators hope to secure a halt to attacks on and occupation of the south, Al Jazeera reported Tuesday. The Israeli army has carried out several attacks on the southern Lebanese Nabatieh governorate, the news report said.Iran stopped communicating with mediators about extending a ceasefire in the war with the US and Israel, two semiofficial Iranian news agencies reported Tuesday, but President Donald Trump disputed the claim and said talks were continuing, according to Associated Press.Iranian media outlets have signaled talks between Tehran and Washington are ongoing, a day after reports that Iran suspended them, CNN reported Tuesday. The country's top negotiator has, however, threatened escalation if Israel's attacks on Lebanon continue, the news report added.Washington won't remove sanctions on Iran in exchange for a full reopening of Hormuz, adding that any sanctions relief is conditioned on Iran giving up enriched uranium, Al Jazeera cited US Secretary of State Marco Rubio as saying on Tuesday at a Senate hearing.Brent crude futures climbed 0.9% to $95.87, and West Texas Intermediate crude oil futures jumped 1.4% to $93.48. Both crude types were lower by more than 1% each earlier in the session.US Treasury yields fell, with the 10-year down 2.6 basis points to 4.45%. The two-year declined less than one basis point to 4.05%.In precious metals, gold futures edged up 0.3% to $4,519.40, and silver futures climbed 0.3% to $75.49.Shares of Hewlett Packard Enterprise (HPE) surged by more than 19%, the top gainer on the S&P 500, after the tech giant reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology's (MRVL) shares soared over 32%, the biggest outperformer on the Nasdaq, after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April print represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier. It is also the highest since May 2024, Stifel said in a note.The ratio of job openings to unemployed people -- a figure the Federal Reserve officials closely watch as a proxy for the balance between labor supply and demand -- rose to 1.03 in April from 0.95 in March, the highest since January 2025, suggesting that there are more jobs available for every person unemployed, per the Stifel note.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said in a note.

Dow JonesNasdaq CompositeS&P 500$HPE$MRVL$NVDA
Japan

US Equity Indexes Mixed as Confusion Surrounds Status of Iran Peace Talks

US equity indexes traded mixed amid conflicting reports of the status of peace talks between Washington and Tehran, while parts of Lebanon are rumored to remain under Israeli attack.The Nasdaq Composite was little changed at 27,082.2, giving up intraday gains ahead of the close on Tuesday. The S&P 500 edged up 0.1% to 7,610.3, and the Dow Jones Industrial Average climbed 0.5% to 51,352.6.Iran stopped communicating with mediators about extending a ceasefire in the war with the US and Israel, two semiofficial Iranian news agencies reported Tuesday, but President Donald Trump disputed the claim and said talks were continuing, according to the Associated Press.CNN, however, reported that Iranian media outlets have signaled talks between Tehran and Washington are ongoing, a day after reports that Iran suspended them. The country's top negotiator has threatened escalation if Israel's attacks on Lebanon continue, the news report added.Washington won't remove sanctions on Iran in exchange for a full reopening of Hormuz, adding that any sanctions relief is conditioned on Iran giving up enriched uranium, Al Jazeera cited US Secretary of State Marco Rubio as saying on Tuesday at a Senate hearing.The fourth round of talks between Israel and Lebanon is underway in Washington, DC, where Lebanese negotiators hope to secure a halt to attacks on and occupation of the south, Al Jazeera reported on the same day. The Israeli army has carried out several attacks on the southern Lebanese Nabatieh governorate, the news report added.Brent crude futures climbed 1% to $95.94, and West Texas Intermediate crude oil futures jumped 1.5% to $93.51. Both crude types were lower by more than 1% each earlier in the session.Shares of Hewlett Packard Enterprise (HPE) surged nearly 19%, the top gainer on the S&P 500, after the tech giant reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology's (MRVL) shares soared 30%, the biggest outperformer on the Nasdaq, after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."

Dow JonesNasdaq CompositeS&P 500$HPE$MRVL$NVDA
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 1% and the State Street SPDR S&P Semiconductor ETF (XSD) popping 5.8%.The Philadelphia Semiconductor index climbed 5.2%.In corporate news, Hewlett Packard Enterprise (HPE) shares jumped past 18% after the company reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology (MRVL) shares surged nearly 31% after multiple news outlets reported that Nvidia (NVDA) Chief Executive Jensen Huang called the chipmaker the next "trillion-dollar company."STMicroelectronics (STM) shares popped 15% after it said Tuesday that it now expects to generate data center revenue of about $1 billion in 2026, compared with previous guidance of more than $500 million.Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's Class A shares fell 3.6%, and its Class C shares were down 3.4%.

$GOOG$GOOGL$HPE$MRVL$STM
Research

Research Alert: CFRA Maintains Buy Opinion On Shares Of Hewlett Packard Enterprise Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We sharply lift our price target from $28 to $64, based on 16x our FY 27 (Oct.) EPS view, above HPE's three-year average (~9x) on AI tailwinds. We lift our FY 26 EPS view by $1.05 to $3.49 and FY 27's by $1.19 to $4.00. Q2 results (sales +40%, non-GAAP EPS +108%) shattered expectations, along with FY 26's guidance (non-GAAP EPS expected at $3.40, 42% above HPE's prior view). We view the company's initial FY 27 guidance (sales up ~10%, EPS up ~14%) as particularly impressive given ongoing supply constraints, and combined with management's comments on no clear demand pull-in and traditional server units increasing in Q2 despite large ASP increases, we see HPE demonstrating durable pricing power that speaks to the increasing value of its end-to-end offerings (storage, server, networking) following the Juniper acquisition last year. AI demand is also increasingly broadening into enterprise/sovereign spaces, which contributed to the majority of HPE's $5.9B AI systems backlog (+84% Y/Y).

$HPE
Equities Mostly Rise Intraday as Traders Parse Labor Market Data
US Markets

Equities Mostly Rise Intraday as Traders Parse Labor Market Data

US benchmark equity indexes were mostly higher intraday as investors evaluated fresh labor market data and continued to monitor Middle East developments.The Dow Jones Industrial Average was up 0.3% at 51,225.9 after midday Tuesday, while the S&P 500 rose 0.1% to 7,606.1. The Nasdaq Composite was little changed at 27,093.8. The indexes notched fresh closing highs in the previous session.Among sectors, utilities paced the gainers intraday Tuesday, while communication services saw the biggest decline.In economic news, US job openings hit their highest level in almost two years in April, while hiring and layoffs fell, official data showed."Job openings jumped to their highest level in nearly two years, but this likely overstates the strength of the labor market, as the increase didn't translate into a higher hiring rate," Oxford Economics said in a note. "The result should be taken with a grain of salt and doesn't suggest a sudden tightening of labor market conditions is ahead."Official data are expected to show Friday that the US economy added 95,000 nonfarm jobs in May, compared with a 115,000 increase reported for the previous month, according to a Bloomberg poll.West Texas Intermediate crude oil was up 1.6% at $93.59 a barrel intraday Tuesday, while Brent rose 1.1% to $96.04.Israel and Lebanon kicked off high-stakes talks in the US as renewed hostilities between Israel and Iran-backed Hezbollah threaten to derail peace talks between Washington and Tehran, CNN reported.Negotiations with Iran have been "going on continuously," US President Donald Trump said Tuesday."Where they lead, one never knows, but as I told Iran, 'It's time, one way or another, for you to make a deal'," Trump said in a social media post.On Monday, Iranian state-affiliated outlet Tasnim reported that the country suspended talks with the US in retaliation to Israel's military action in Lebanon.US Treasury yields were mixed intraday Tuesday, with the 10-year rate down two basis points at 4.46%, and the two-year rate little changed at 4.05%.In company news, Hewlett Packard Enterprise (HPE) shares jumped nearly 16%, the second-top gainer on the S&P 500. Late Monday, the information technology company lifted its full-year outlook and reported stronger-than-expected fiscal second-quarter results.Marvell Technology (MRVL) shares surged 29% intraday Tuesday after Nvidia (NVDA) Chief Executive Jensen Huang reportedly said Marvell could be the next chip company to join the trillion-dollar club.Palo Alto Networks (PANW), Ulta Beauty (ULTA) and GitLab (GTLB) are expected to report their latest quarterly financial results after the closing bell Tuesday, along with others.Gold was up 0.3% at $4,517.60 per troy ounce, while silver rose 0.4% to $75.54 per ounce.

Dow JonesNasdaq CompositeS&P 500$GTLB$HPE$MRVL$NVDA$PANW$ULTA
Wire

Top Midday Gainers

Marvell Technology (MRVL) shares rose 29% after multiple news outlets reported Nvidia (NVDA) Chief Executive Officer Jensen Huang called the chipmaker the next "trillion-dollar company."More than 76.2 million shares traded intraday, compared with a daily average of about 27.6 million.Hewlett Packard Enterprise (HPE) reported fiscal Q2 earnings ahead of analysts' forecasts late Monday.Shares jumped 16%, with intraday trading volume rising to over 115.4 million from a daily average of roughly 20.2 million.Victoria's Secret (VSXY) raised its full-year sales and earnings guidance. The shares began trading under the ticker "VSXY" on the New York Stock Exchange on Tuesday. It previously traded under "VSCO".Shares soared 48%, with over 6 million shares traded.Price: $283.35, Change: $+63.92, Percent Change: +29.13%

$HPE$MRVL$VSXY
Sectors

Sector Update: Tech Stocks Gain Tuesday Afternoon

Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) popping 4.9%.The Philadelphia Semiconductor index climbed 4.5%.In corporate news, Hewlett Packard Enterprise (HPE) shares jumped past 16% after the company reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology (MRVL) shares surged 29% after multiple news outlets reported that Nvidia (NVDA) Chief Executive Jensen Huang called the chipmaker the next "trillion-dollar company."Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's Class A and Class C shares were each down 2.3%.

$GOOG$GOOGL$HPE$MRVL
Asia Markets

US Equity Indexes Edge Up as Trump Pushes for Israel-Hezbollah Ceasefire, Technology Extends Gains

US equity indexes ground higher as investors weighed Israel and Hezbollah's response to President Donald Trump's call to stop fighting in Lebanon, while technology extended gains amid strong jobs data.The Nasdaq Composite edged up less than 0.1% to 27,100.7, with the S&P 500 advancing 0.1% to 7,606.6, and the Dow Jones Industrial Average higher by 0.2% to 51,203.4.Utilities, energy, and technology were among the gainers intraday, while communication services led the decliners.Trump said he believes a deal to reopen the Strait of Hormuz and extend the ceasefire with Iran is reachable "over the next week," CNN reported Tuesday. The fourth round of talks between Israel and Lebanon is underway in Washington, DC, where Lebanese negotiators hope to secure a halt to attacks on and occupation of the south, Al Jazeera reported on the same day.Lebanese authorities said Hezbollah, an Iran-backed militant group, agreed to a US proposal for a ceasefire with Israel in which strikes on Beirut would stop, CNN reported. Trump declared Israeli forces would not move on Beirut after a call with Prime Minister Benjamin Netanyahu, the news report said.Meanwhile, Washington won't remove sanctions on Iran in exchange for a full reopening of Hormuz, adding that any sanctions relief is conditioned on Iran giving up enriched uranium, Al Jazeera cited US Secretary of State Marco Rubio as saying on Tuesday.Brent crude futures climbed 0.8% to $95.78, and West Texas Intermediate crude oil futures climbed 1.2% to $93.27. Both crude types were lower by more than 1% each earlier in the session.US Treasury yields fell, with the 10-year down two basis points to 4.46%. The two-year declined less than one basis point to 4.05%.In precious metals, gold futures edged up 0.3% to $4,519.20, and silver futures climbed 0.7% to $75.78.Shares of Hewlett Packard Enterprise (HPE) surged 15%, among the top gainers on the S&P 500, after the tech giant reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology's (MRVL) shares soared 29%, the biggest outperformer on the S&P 500, after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April print represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said in a note.

Dow JonesNasdaq CompositeS&P 500$HPE$MRVL$NVDA
Sectors

Sector Update: Tech

Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 4.8%.The Philadelphia Semiconductor index climbed 4.7%.In corporate news, Hewlett Packard Enterprise (HPE) shares jumped past 16% after the company reported fiscal Q2 earnings ahead of analysts' forecasts.

$HPE
Japan

US Equity Indexes Rise as Investors Assess Middle East Developments While Technology Extends Gains

US equity indexes ground higher in midday trading on Tuesday as investors weighed the response from Israel and Hezbollah to President Donald Trump's call to stop fighting in Lebanon, while technology extended gains.The Nasdaq Composite climbed 0.2% to 27,141.2, with the S&P 500 up 0.2% to 7,614.3, and the Dow Jones Industrial Average higher by 0.2% to 51,190.5.Utilities and technology were among the gainers intraday, while communication services led the decliners. Shares of Hewlett Packard Enterprise (HPE) surged 17%, the top gainer on the S&P 500, after the tech giant reported fiscal Q2 earnings ahead of analysts' forecasts.US President Donald Trump said he believes a deal to reopen the Strait of Hormuz and extend the ceasefire with Iran is reachable "over the next week," CNN reported.Lebanese authorities said Hezbollah, an Iran-backed militant group, agreed to a US proposal for a ceasefire with Israel in which strikes on Beirut would stop, the news report said. Trump declared Israeli forces would not move on Beirut after a call with Prime Minister Benjamin Netanyahu, it added.Israel and Lebanon are engaged in discussions at the US State Department after Hezbollah and Israel continued to trade strikes overnight, CNN reported.Brent crude futures edged up 0.1% to $95.10, and West Texas Intermediate crude oil futures climbed 0.2% to $92.35. Both crude types were lower by more than 1% each earlier in the session.

Dow JonesNasdaq CompositeS&P 500$HPE
Wire

Top Midday Stories: Marvell Next Trillion-Dollar Firm, Nvidia CEO Reportedly Says; Anthropic Expands Mythos Access to 150 New Partners

All three major US stock indexes were up in late-morning trading Tuesday, as investors monitor developments between the US and Iran as well as oil price movements.In company news, Nvidia (NVDA) Chief Executive Jensen Huang said Marvell Technology (MRVL) is the next "trillion-dollar company," news outlets reported, citing Huang's appearance at a trade show in Taipei. Nvidia shares were up 0.9%, while Marvell shares were up 29.7%.Amazon-backed (AMZN) Anthropic said Tuesday it is expanding its Project Glasswing program to about 150 new organizations based in over 15 countries, granting them access to Claude Mythos Preview. The partnering organizations use Mythos to scan their codebases for vulnerabilities. So far, the 50 initial partners have found over 10,000 high- or critical-severity security flaws, Anthropic said. Separately, Amazon Web Services will be integrated with Workday (WDAY) Data Cloud, allowing developers to access governed HR and finance data through AWS Ai and analytics tools, Workday said. Amazon shares were down 0.3%, while Workday shares were down 7.1%.Hewlett Packard Enterprise (HPE) reported fiscal Q2 adjusted earnings late Monday of $0.79 per diluted share, up from $0.38 a year earlier and above the FactSet consensus of $0.53. Fiscal Q2 revenue was $10.7 billion, up from $7.63 billion a year ago and above the FactSet consensus of $9.78 billion. For fiscal Q3, the company expects adjusted EPS of $0.88 to $0.93 on revenue of $11.5 billion to $12.1 billion. Analysts polled by FactSet expect $0.58 and $10.9 billion, respectively. For its full-year guidance, the company now expects adjusted EPS of $3.35 to $3.45, up from its prior forecast of $2.30 to $2.50 and above the FactSet consensus of $2.42. Hewlett Packard shares were up 21.5%.Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's class A shares were down 2.3%, while its class C shares were down 2.2%. Berkshire's class A shares were up 0.4%, while its class B shares were up 0.3%.President Donald Trump signed a proclamation on Tuesday lowering the tariffs on agricultural equipment and certain other equipment to 15% from 25%, the White House said. In addition, the existing category of industrial equipment subject to a 15% tariff was expanded to include mobile industrial equipment, like bulldozers and forklifts, "when imported from trade deal countries that are entitled to such treatment," the White House said. The proclamation also allows foreign companies to qualify for a 10% duty rate if their capital equipment includes at least 85% US melted and poured or smelted and cast steel or aluminum by weight, the White House said. The tariff changes will last until Dec. 31, 2027, the White House said. Shares of Deere (DE), Agco (AGCO), CNH Industrial (CNH) and Caterpillar (CAT) were up 5.3%, 6.1%, 10.1% and 4.7%, respectively.IBM (IBM) said Tuesday it plans to invest over $10 billion in quantum computing over the next five years. The investment will go toward research and development, capital expenditure, manufacturing scaling, ecosystem partnerships and M&A, the company said. IBM shares were up 1.1%.Price: $283.09, Change: $+63.66, Percent Change: +29.01%

$AGCO$AMZN$BRK.A$BRK.B$CAT$CNH$DE$GOOG$GOOGL$HPE$IBM$MRVL$NVDA$WDAY
Wire

Hewlett Packard Enterprise Sees Server Pricing, Demand Driving Earnings Upside, Morgan Stanley Says

Hewlett Packard Enterprise (HPE) is seeing stronger-than-expected server pricing and demand, driven by tight supply and rising AI and infrastructure spending, a trend Morgan Stanley said is driving higher earnings expectations for 2026 and 2027.The investment firm said in a Tuesday note that both traditional and AI server segments are driving upside. Orders are accelerating and pricing remains strong as enterprises and cloud providers pull forward demand to secure supply. The trend is also helping build backlog visibility into 2027.Customers also continue to absorb higher DRAM- and NAND-related server pricing amid supply constraints, according to the note.Morgan Stanley raised its earnings expectations for 2026 and 2027 and now forecasts 2027 earnings per share of $4.16. The firm cited stronger margins and server execution, as well as sustained pricing power and operating leverage despite elevated input costs.The analyst cautioned that demand beyond 2027 remains uncertain and visibility into 2028 is limited. Networking trends remain stable and cost synergies continue to support margins. However, investors are still debating whether the current strength reflects a multi-year cycle or a shorter AI-driven spending surge, the report added.Morgan Stanley maintained its equal-weight rating on the stock and raised its price target to $71 from $33.Shares of Hewlett Packard Enterprise were up 25% in Tuesday trading.Price: $58.74, Change: $+11.74, Percent Change: +24.98%

$HPE
Wire

UBS Adjusts Price Target on Hewlett Packard Enterprise to $65 From $25, Maintains Neutral Rating

Hewlett Packard Enterprise (HPE) has an average rating of overweight and mean price target of $64.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $58.98, Change: $+11.92, Percent Change: +25.32%

$HPE
Sectors

Sector Update: Tech Stocks Advance Premarket Tuesday

Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.2% lower and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3%.Marvell Technology (MRVL) shares were up more than 16% after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."Hewlett Packard Enterprise (HPE) stock was up more than 27% after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2026 outlook.STMicroelectronics (STM) shares were up more than 9% after the company said it now expects to generate data center revenue of $1 billion this year, compared with its previous guidance of "nicely above $500 million."

$HPE$MRVL$STM$XLK$XSD
Asia Markets

Wall Street Set to Open Lower in Tuesday Trading as Investors Look for Signs of Middle East Peace Deal, Await Key Labor Data

US stocks look set to open modestly lower in Tuesday's trading session as investors look for any signs that stalled Middle East may restart, and await key labor market data set for release later in the morning.The Dow Jones Industrial Average futures were down 0.5%, S&P 500 futures were off 0.2%, and Nasdaq futures were edging 0.1% lower.The Job Openings and Labor Turnover Survey (JOLTS) for April is set to be released at 10 am ET, which will give investors a good indication on the strength of the US labor market. The reading is expected to remain unchanged at 6.866 million job openings, according to Bloomberg.Oil prices were moving lower, with front-month global benchmarks Brent crude declining 0.96% to $94.07 a barrel, while West Texas Intermediate crude was down 1.10% to $91.15 a barrel.In other world markets, Japan's Nikkei closed 0.3% lower, Hong Kong's Hang Seng surged 2.5%, and China's Shanghai Composite gained 0.4%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was edging 0.1% higher, Germany's DAX was up 0.7%, and France's CAC was rising 0.5%.In equities, shares of Hewlett Packard Enterprise (HPE) surged 27% in Tuesday's premarket session after it reported fiscal Q2 earnings late Monday that beat analyst forecasts.Marvell Technology (MRVL) shares climbed 18% after multiple news outlets reported that Nvidia (NVDA) Chief Executive Jensen Huang called the chipmaker the next "trillion-dollar company."Shares of STMicroelectronics (STM) advanced 10% after it said Tuesday that it now expects to generate data center revenue of about $1 billion in 2026, compared with previous guidance of more than $500 million.On the losing side, shares of Abivax (ABVX) tumbled 35% after the company's phase 3 maintenance trial evaluating obefazimod in ulcerative colitis met its primary endpoint and key secondary endpoints, though malignancy cases reported during the trial weighed on the results.AEVEX's (AVEX) stock was down 11% pre-bell after it reported late Monday it launched a public offering of its class A common shares, along with certain selling shareholders.And Praxis Precision Medicines' (PRAX) shares were down 10% after it reported late Monday that its phase 2/3 trial assessing vormatrigine to treat focal onset seizures failed to meet its primary endpoint of percent change in monthly seizure frequency from baseline.

Dow JonesNasdaq CompositeS&P 500$ABVX$AVEX$HPE$MRVL$PRAX$STM
Stocks Down Pre-Bell Amid Uncertainty Over US-Iran Peace Talks
US Markets

Stocks Down Pre-Bell Amid Uncertainty Over US-Iran Peace Talks

The benchmark US stock measures were tracking in the red before the opening bell Tuesday amid uncertainty over the status of peace talks between the US and Iran.The S&P 500 and the Nasdaq edged down 0.1% each in premarket activity, while the Dow Jones Industrial Average was off 0.2%. All three indexes logged new closing highs in the previous trading session.In a social media post on Monday, President Donald Trump said that talks with Iran were continuing "at a rapid pace." The post came after Trump told CNBC in an interview earlier on Monday that he "couldn't care less" if negotiations with Tehran failed.Iranian state-affiliated outlet Tasnim reportedly said Monday that the country suspended talks with Washington in retaliation to Israel's military action in Lebanon. In a separate social media post, Trump said he spoke to Israeli Prime Minister Benjamin Netanyahu and Iran-backed Hezbollah representatives, with both agreeing to stop the fighting."These shifting conditions alongside continued kinetic skirmishes between the parties are likely to further erode Iranian trust as officials have already cited the fluidity of priorities as a point of friction with Iran making clear that nuclear dialogue is contingent on successful negotiations to end the war and reopen the Strait of Hormuz," Tudor Pickering Holt said in a note on Monday.West Texas Intermediate crude oil declined 1.2% to $91.06 a barrel before the opening bell, while Brent decreased 1.1% to $93.90.Tuesday's thin economic calendar has the Job Openings and Labor Turnover Survey for April at 10 am ET. Federal Reserve Bank of Cleveland President Beth Hammack is scheduled to speak at 8:30 am.Treasury yields were down in premarket action, with the two-year rate retreating 3.9 basis points to 4.01% and the 10-year rate falling 4.7 basis points to 4.43%.Shares of Marvell Technology (MRVL) jumped 24% pre-bell after the company finished Monday trading with a 7% gain. Hewlett Packard Enterprise (HPE) rose 26% as the information technology firm lifted its full-year outlook and reported stronger-than-expected fiscal second-quarter results.Alphabet's (GOOG, GOOGL) class A and C shares declined more than 2% each as the Google parent disclosed plans to raise $80 billion in equity for artificial intelligence infrastructure expansion.Dollar General (DG), Donaldson (DCI), Victoria's Secret (VSCO) and Signet Jewelers (SIG) report their latest financial results before the bell, among others. Palo Alto Networks (PANW), Ulta Beauty (ULTA) and GitLab (GTLB) post earnings after the markets close.Gold gained 1.2% to $4,561 per troy ounce, while bitcoin dropped 2.7% to $69,539.

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Hewlett Packard Enterprise Raises Fiscal 2026 Outlook Following Second-Quarter Beat
US Markets

Hewlett Packard Enterprise Raises Fiscal 2026 Outlook Following Second-Quarter Beat

Hewlett Packard Enterprise (HPE) shares jumped early Tuesday as the information technology firm lifted its full-year outlook and reported stronger-than-expected fiscal second-quarter results.The company now anticipates adjusted earnings to be in a range of $3.35 to $3.45 per share for fiscal 2026, it said late Monday, up from its previous guidance of $2.30 to $2.50. The current consensus on FactSet is for non-GAAP EPS of $2.92.Revenue is now pegged to grow by 29% to 33% for the ongoing fiscal year, compared with the firm's prior projections for a 17% to 22% increase. The Street is looking for sales of $43.72 billion. The stock surged 25% in the most recent premarket activity."Based on our performance, we are raising our fiscal 2026 guidance and introducing a fiscal 2027 financial growth framework," Chief Financial Officer Marie Myers said in the earnings release. "These updates reflect the durability of our performance and continued operational excellence - and point to faster progress toward our long-term financial plan."For fiscal 2027, Hewlett Packard expects adjusted EPS to rise by 12% to 16% on revenue growth of 8% to 12%. The current average analyst estimate on FactSet is for non-GAAP EPS of $3.38 and sales of $46.8 billion for fiscal 2027.For the three months through April 30, Hewlett Packard's adjusted EPS advanced to $0.79 from $0.38 a year earlier, surpassing the Street's view for $0.53. Revenue climbed 40% to $10.68 billion, exceeding the market's forecast of $9.78 billion."Demand was even stronger than revenue growth," Chief Executive Antonio Neri said during a conference call, according to a FactSet transcript. "Orders more than doubled, significantly outpacing revenue, resulting in a record company backlog."Revenue in the cloud and artificial intelligence segment inclined 23% to $7.71 billion. "Strong order activity and pass through of higher costs on new orders in traditional server and storage drove the upside, partially offset by supply constraints and timing of AI server shipments," Myers told analysts. The networking business recorded revenue of $2.69 billion, up from $1.08 billion in the prior-year quarter."The biggest takeaway from the quarter was that (Hewlett Packard) is benefiting from the same pricing dynamic that has recently driven upside at (Dell Technologies)," Morgan Stanley said in a note emailed toon Tuesday. "Customers are absorbing materially higher server prices with little evidence of demand destruction."Last week, Dell raised its fiscal 2027 outlook after posting record first-quarter results that topped Wall Street's estimates amid surging demand for AI-optimized servers.For the ongoing quarter, Hewlett Packard projects adjusted EPS to come in between $0.88 and $0.93 on a revenue range of $11.5 billion to $12.1 billion. The Street is looking for non-GAAP EPS of $0.76 and sales of $11.39 billion."We are taking up our outlook on the back of (second-quarter) results and greater visibility into the second half demand environment," Myers said on the call.

$HPE
Research

Loop Capital Upgrades Hewlett Packard Enterprise to Buy From Hold, Adjusts PT to $75 From $23

Hewlett Packard Enterprise (HPE) has an average rating of overweight and mean price target of $53.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$HPE
Research

Research Alert: Hpe Q2: Massive Beats And Guidance Increases As Ai Tailwinds Strengthen

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HPE reported Q2 FY 26 (Apr-Q) results that blew away consensus expectations, with non-GAAP EPS of $0.79 (+108% Y/Y) beating expectations for $0.53 and revenue of $10.68B (+40% Y/Y) coming in ahead of the Street's $9.76B view. Non-GAAP gross margin expanded 750 bps Y/Y while operating margin of 13.3% was up 530 bps. Results reflect growing AI demand and the strength of HPE's networking portfolio, with Networking sales surging 148% Y/Y (driven by the Juniper acquisition) and Cloud & AI segment revenue growing 23% Y/Y to $7.7B. FY 26 guidance was raised materially, with HPE's revenue midpoint now at $44.9B (consensus $40.84B), non-GAAP EPS lifted to a midpoint of $3.40 from a prior $2.40 view (consensus $2.42), and FCF guidance upped to at least $3.5B from at least $2.0B. Management also provided initial FY 27 sales growth expectations at about 10%, placing FY 27 sales around $49.4B (14% above consensus) in a confident move that reflects improving visibility and strengthening AI tailwinds.

$HPE

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