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4HPE trade ideas

Hewlett Packard Enterprise Pulls BackHewlett Packard Enterprise rallied in September, and some traders may see an opportunity in its latest pullback. The first pattern on today’s chart is the August 30 high of $19.57 level. HPE jumped above this level on September 25 thanks to a Barclays upgrade. Prices have now come back to test the old high and the bullish gap. Can it turn old resistance into new support? Second, the 50-day simple moving average recently turned upward and is approaching from below. That may suggest HPE’s intermediate-term trend is positive. Third, the all-time high in mid-June may reflect greater confidence in the IT company -- especially as it turns to AI as a potential growth driver. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:HPE
by TradeStation
Hewlett Packard Enterprise (HPE) Stock Soars on AI Growth Shares of Hewlett Packard Enterprise (NYSE: VIE:HPE ) surged by 5.75% during Tuesday’s trading session following an upgrade from Bank of America. The tech giant’s stock received a boost as analysts cited numerous catalysts ahead, including AI-driven growth, cost-cutting measures, and revenue synergies from recent acquisitions. Bank of America upgraded the stock from "neutral" to "buy" and increased its price target from $21 to $24, signaling growing optimism about HPE's future prospects. Upgrade from Bank of America Bank of America’s upgrade is rooted in HPE’s positioning within the artificial intelligence (AI) sector. The bank emphasized HPE’s decades of expertise in liquid cooling systems, particularly through its CRAY supercomputing business, as a significant advantage in the AI market. As organizations and governments increasingly adopt AI technologies, HPE is expected to command a key position in providing infrastructure to support this shift. Furthermore, HPE's recent $14 billion acquisition of Juniper Networks (JNPR) is anticipated to enhance its networking solutions, boosting revenue growth and improving cost synergies. Analysts see this acquisition as a pivotal move to strengthen HPE’s competitive edge in networking, storage, and server solutions. Another key catalyst is the anticipated cost cuts under the leadership of newly appointed CFO Marie Myers. Bank of America expects HPE to implement significant cost-saving measures, which should drive profit margin recovery across its high-performance computing segment. With the cyclical recovery in the broader IT hardware market, particularly in servers, storage, and networking, HPE is poised for margin improvement and overall profitability growth. AI Adoption and Future Growth HPE’s growth prospects are also tied to its leadership in AI-related infrastructure. With the demand for AI applications skyrocketing, the company’s expertise in liquid cooling systems, developed through its CRAY supercomputing division, positions it as a critical player in the AI space. Large organizations and governments are increasingly turning to HPE for the supercomputing power necessary to run complex AI algorithms, a trend that is likely to accelerate in the coming years. Additionally, as AI becomes more embedded in industries such as healthcare, finance, and defense, the need for scalable and efficient computing infrastructure will only grow. HPE’s focus on AI not only strengthens its existing business model but also opens up new revenue streams that could fuel long-term growth. Technical Outlook From a technical perspective, HPE's stock has shown signs of reversing its recent downward trend. On Tuesday, the stock surged 5.75%, marking a notable recovery from an assumed falling trend channel. With the RSI (Relative Strength Index) at 51.21, the stock is neither overbought nor oversold, signaling that there is room for further bullish momentum. Investors are also closely watching the upcoming speech by Federal Reserve Chairman Jerome Powell, as any indication of interest rate cuts could further propel HPE’s stock price. Lower borrowing costs typically benefit tech companies, as they rely heavily on capital investments for growth. A rate cut could provide a favorable macroeconomic backdrop for VIE:HPE , further supporting the stock’s recovery. Valuation and Market Sentiment Despite its recent rally, HPE has only gained 1.5% year-to-date, lagging behind some of its tech sector peers. However, the stock’s current price of $18.09 is still well below Bank of America’s revised price target of $24, suggesting there is considerable upside potential. With AI adoption, strategic acquisitions, and cost-cutting initiatives serving as key drivers, HPE appears undervalued relative to its growth prospects. As the company continues to expand its footprint in AI infrastructure and high-performance computing, investors may begin to reprice the stock, recognizing its role as a critical enabler of next-generation technologies. Conclusion Hewlett Packard Enterprise is positioned for a strong rebound, fueled by its leadership in AI infrastructure, strategic acquisitions, and cost-cutting efforts. The recent upgrade by Bank of America underscores the company’s potential to capitalize on these growth catalysts, with a price target that suggests significant upside. With a solid technical setup and improving fundamentals, HPE is an attractive stock for investors looking to gain exposure to the rapidly growing AI and supercomputing markets. While risks remain—particularly around macroeconomic factors such as interest rate decisions—the long-term outlook for HPE is increasingly bullish. Investors should keep a close watch on how the company executes its AI-driven strategy and manages cost reductions under its new CFO, as these will be pivotal in driving future stock performance.
NYSE:HPELong
by DEXWireNews
Hewlett Packard Enterprise (NYSE: HPE) Reports Q3 Earnings Hewlett Packard Enterprise (NYSE: NYSE:HPE ) recently reported its fiscal third-quarter earnings, showcasing a mixed bag of results driven by strong AI demand but tempered by other segment weaknesses. Despite beating revenue expectations, HPE's stock saw a dip in extended trading, reflecting a complex balance between growth potential and market skepticism. Fundamental Analysis 1. Strong Revenue Growth Driven by AI: NYSE:HPE reported a 10% year-over-year revenue increase to $7.7 billion, exceeding analysts’ expectations of $7.67 billion. A standout performer was the server segment, which surged 35% year-over-year to $4.3 billion, fueled by heightened investments in AI infrastructure. This growth underscores the growing importance of AI across industries, as enterprises ramp up spending on servers capable of handling complex tasks driven by AI and machine learning. 2. Adjusted Earnings Beat, But Diluted EPS Misses: While HPE’s adjusted earnings per share (EPS) of 50 cents surpassed estimates of 47 cents, the diluted EPS came in at 38 cents, missing forecasts compiled by Visible Alpha. The discrepancy highlights ongoing challenges in HPE’s operating structure, despite robust topline growth in key areas like AI servers. 3. Segment Performance – Mixed Signals: - Intelligent Edge and Cloud Segments: Both segments posted declines in year-over-year revenue, reflecting softness in traditional cloud services amid growing competition. However, HPE's financial services segment saw a modest 1% increase, adding some stability. - Raised Annual EPS Guidance: HPE adjusted its full-year EPS outlook upwards to $1.92 - $1.97, compared to the previous forecast of $1.85 - $1.95, demonstrating confidence in its earnings capacity despite headwinds. However, the unchanged revenue forecast of 1% to 3% indicates management's cautious approach amid economic uncertainties and competitive pressures. Technical Analysis Stock Price Reaction: Despite posting solid revenue growth, NYSE:HPE shares fell nearly 3% in extended trading, followed by a 2.29% drop in the pre-market session. This decline can be attributed to weaker performance in certain segments and an overall tepid market response to AI-linked stocks. Investors were also likely disheartened by the unchanged full-year revenue outlook, as market expectations for AI-focused companies remain elevated. Key Moving Averages: Technically, HPE is trading above its 50, 100, and 200-day moving averages, a positive indicator suggesting overall upward momentum in the stock's price action despite recent volatility. These moving averages are often used by traders to gauge the overall trend, and their alignment above current prices typically points to continued bullish sentiment. Support and Resistance Levels: The current support level is observed around $17.80, where the stock has found buying interest in the past. On the upside, resistance is seen near $19.50, a level that aligns with previous highs and could present a challenge in the short term given the mixed earnings outlook. Outlook and Conclusion HPE’s Q3 performance showcases the dual forces at play within the company. The strong surge in AI-driven server sales paints a promising picture for the future, particularly as businesses continue to invest heavily in AI technologies. However, the challenges in cloud and edge segments, coupled with a cautious revenue outlook, suggest that the company still faces significant hurdles. From a technical standpoint, the stock remains in a bullish zone, trading above key moving averages, which provides some support for investors betting on a turnaround in market sentiment. For long-term investors, HPE’s continued investment in AI infrastructure and revised profit outlook could present a buying opportunity, especially if the stock stabilizes above support levels. As always, potential investors should weigh the impressive AI-driven growth against the broader challenges within the company’s diverse business segments. While the AI tailwinds are undeniable, HPE's overall performance will hinge on its ability to adapt and grow other areas of its business to match the dynamic tech landscape.
NYSE:HPELong
by DEXWireNews
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsIf you haven`t sold HPE before the previous earnings: Now analyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week, I would consider purchasing the 19usd strike price Calls with an expiration date of 2024-9-6, for a premium of approximately $1.07. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:HPELong
by TopgOptions
Hewlett Packard Enterprise (HPE): Key Technical InsightsHewlett Packard Enterprise (HPE) is currently testing the $19.00 level, which is proving to be a significant support zone. The next few days will be critical in determining if this support can hold. Should the stock remain above this level, it could signal further upward potential. Technical indicators such as the RSI and MACD are showing positive signs, suggesting that HPE may experience continued growth if the support level is maintained. The next major resistance to watch is $20.40, a level that coincides with the upcoming earnings report. This report could act as a catalyst, influencing whether the stock can overcome this resistance. I will provide a detailed analysis of the earnings report in my next update. For now, monitoring the $19.00 support level and the forthcoming financial results will be crucial.
NYSE:HPELong
by csokasilevente3
The first key level is identified at $19.00.Since March 2020, we have been in a sustained upward trend, as indicated by the green trendline on the chart. The most recent earnings report was strong, leading to a significant price increase; however, the market reaction appears to have been somewhat overextended. Fortunately, we have now retraced to a more reasonable level, where I have begun accumulating positions. Both the RSI and MACD indicators suggest that the recent pullback may be nearing its end. Historically, over the past two years, whenever the RSI has approached the 30 level, the trend has typically reversed. We are observing a similar pattern now, with the MACD providing further confirmation. Looking ahead, I anticipate a rally in the coming weeks, with the first significant resistance expected around $19.00, aligning with the initial Fibonacci retracement level.
NYSE:HPELong
by csokasilevente3
6/4/24 - $hpe - unexciting, letting the pitch go by/ pass6/4/24 - VIE:HPE - a more complicated dell. 14x adjusted (for capital stack) earnings looks cheap, but you've got to overcome a 2 yr trough - so unless you have a view that the entire street will change this view on a single quarter in a jobs week (as alluded to in my NASDAQ:CRWD post), i'd just let this pitch go by. all else equal, i'd expect a positive reaction, but just look at put: "$hpe/ NYSE:DELL " into tradingview - and you'll quickly figure out what's up. this is impossible tape to buy the second tier names, of basically anything unless they generate massive growth and massive cash yields and are lagging for stupid factors like "size" (e.g. don't get the passive flows) or prior hiccups (that have been resolved, but the street is being cautious for now). i'd not necessarily put HPE in either of these buckets given results have basically delivered as expected and the EV is over 30 bn. this could be an interesting play perhaps 2H or '25, but i find it uninteresting in the current-frame-context. gl to holders. lmk if i've overlooked anything obvious in the above logic. -V
NYSE:HPE
by VROCKSTAR
3
HPE Uptrend Line Rejection Identified At 16.30 04.05.2024- Uptrendline rejection identified on HPE's 4-hour chart at 16.30 - If rejection holds, breaching $18.04 could lead to $18.99 and potentially $20.21. - Failure of rejection may lead to decline to $16.76. - Breaching $16.76 may further descend to $14.52. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
NYSE:HPELong
by Stuart_Cowell
Why did HPE Breakout?As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading the range being the blue high-volume area on the profile. This is with increased volatility as shown by the indicator and the large top wicks on the rising green candles. Why did this occur? Were traders simply buying anything in the IT sector vaguely related to AI after the NVDA breakout? Does HPE have a role in artificial intelligence? Was this a sympathy play? The Luxalgo Supply / Demand indicator shows supply immediately overhead. The wicks on the last several candles show a defined level. This might be called a " tweezer top " Overall, I see this as an excellent short setup to be played with either short selling or a put option as the retracement seems inevitable.
NYSE:HPEShort
by AwesomeAvani
Hewlett Packard Enterprise Nears $13 Billion Deal to Buy Juniper Hewlett Packard Enterprise ( NYSE:HPE ) is reportedly in advanced talks to acquire Juniper Networks ($JNPR.) in a deal valued at approximately $13 billion. This strategic maneuver aims to fortify HPE's position in the evolving AI space and capitalize on Juniper's expertise in AI-driven networking and security technologies. The Dynamics of the Deal: The potential acquisition has sent shockwaves through the market, with NYSE:HPE 's shares witnessing a 8.13% decline and Juniper experiencing a remarkable 21% surge in extended trading. If the deal materializes, it is anticipated to be announced as early as this week, according to an inside source. The move aligns with HPE's recent endeavors to expand its generative AI offerings and tap into the burgeoning opportunities in the AI domain. Unlocking the Power of AI in Networking: Juniper Networks, renowned for its high-performance network and service solutions, brings more than just robust networking capabilities to the table. The company's proficiency in AI-enabled enterprise networking operations (AIOps) and software-defined networking (SDN) is a significant asset for HPE. The integration of Juniper's AI expertise with HPE's infrastructure prowess could potentially revolutionize AI-powered IT solutions. Synergies and Innovations: The amalgamation of NYSE:HPE 's infrastructure expertise and Juniper's AI-focused networking may result in an expanded suite of AI-powered solutions for data centers, cloud environments, and edge computing. This synergy is poised to deliver sophisticated and intelligent networking solutions that optimize performance, enhance security, and streamline operations across diverse IT environments. The strategic move could expedite innovations in AI-driven automation, predictive analytics, and network optimization. NYSE:HPE 's sustained focus on expanding its generative AI offerings aligns with the growing demand for smarter, more efficient, and secure IT infrastructures in businesses worldwide. HPE's Collaborative Approach: NYSE:HPE 's commitment to advancing in the AI space is further exemplified by its collaborative efforts with NVIDIA. The partnership aims to build an enterprise computing solution designed to accelerate the adoption of generative AI applications. This comprehensive AI-native solution is anticipated to remove complexities in developing and deploying generative AI infrastructure, enabling organizations of all sizes to quickly customize models and deploy applications from edge to cloud. With the solution expected to be available for orders in the first quarter of 2024, HPE's collaboration with NVIDIA underscores its dedication to providing customers with a portfolio of pre-configured solutions, solidifying its reach into the generative AI space. Conclusion: As Hewlett Packard Enterprise takes a bold leap into the future of AI-driven networking through potential acquisition talks with Juniper Networks, the tech industry watches with bated breath. If successful, this strategic move could position NYSE:HPE at the forefront of AI innovation, offering businesses comprehensive solutions that leverage the combined strengths of infrastructure expertise and AI-driven networking capabilities. The synergy between Hewlett Packard and Juniper holds the promise of transformative advancements in AI-powered IT solutions, setting the stage for a new era in intelligent and efficient computing.
NYSE:HPELong
by DEXWireNews
Profit Potential Alert: Shorting HPE at Supply Zone!HPE is revisiting the supply zone, marking an excellent selling opportunity. We're seizing this chance to go short at the current price. Our outlook suggests a significant price decline, with focus on two support levels: one around the double Fibonacci near $14.2 and the other at the key demand zone around $13.8. This aligns with the downtrend trendline, expected to serve as additional support. All details, including stop loss, take profit levels, and real-time updates on trade exit are shared in our channel.
NYSE:HPEShort
by CryptoPAMM
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week, I would consider purchasing the 16usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:HPEShort
by TopgOptions
Hewlett Packard’s Sneaky BreakoutTechnology stocks have pulled back sharply in the last week, but Hewlett Packard Enterprise is breaking out. The first pattern on today’s chart is $17.76, where HPE peaked in February 2022. The stock ripped through that level on Tuesday to make a new five-year high. Next, consider how prices briefly dipped under Monday’s low before rallying. The result was a bullish outside candle. Third, higher lows since late June have produced an ascending triangle. Tuesday's surge represents a breakout from that potentially bullish continuation pattern. Fourth, the 8-day exponential moving average (EMA) has remained above the 21-day EMA since late May. There’s no clear reason for HPE’s strong price action. Guidance was cut after the last quarterly report, but the company unveiled an Artificial Intelligence (AI) platform about three weeks ago. The next quarterly report is on August 29. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:HPE
by TradeStation
1