markets

Tom Jones10/16/25

Hewlett Packard sinks on disappointing revenue, profit, and free cash flow guidance for fiscal 2026

Hewlett Packard Enterprise is down about 9% in premarket trading after revealing an outlook at its analyst meeting that came in well below Wall Street’s expectations.

At its Securities Analyst Meeting in New York yesterday, the company revealed that it expected revenue growth of 5% to 10% next year — analysts were expecting ~18%, per Bloomberg data.

HPE also said that earnings per share for FY2026, which runs from next month until October next year, will be $2.20 to $2.40, below analysts’ estimates of $2.41 per share, according to Bloomberg. Meanwhile, it announced that free cash flow for the year would be between $1.5 billion and $2 billion, again falling short of the $2.41 billion that was expected, per Bloomberg’s data.

The company also said it would be increasing its annual dividend for the year ahead by 10% and added that it’s expecting the free cash flow figure to rise to $3.5 billion by FY2028 — news that failed to drown out the negatives.

As a key player in the computing equipment industry, the company’s tighter-than-expected financials reflect the impact the booming AI industry is having on its margins, as HPE and peers source more expensive AI chips for their servers.

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Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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