Diamonds and Dogs

9/25/24

Hewlett Packard Enterprise (HPE) gets an upgrade. The old blue chip tech is up 4% following a conference the other day where the firm displayed their new AI products. The analyst at Barclay's upgraded the stock with a $24 price target citing accelerating AI orders and potential growth opportunities particularly in the enterprise space. Bank of America upgraded the stock yesterday.

Ford Motor Company (F) and General Motors (GM) are taking a hit down 4% and 5% respectively on downgrades at Morgan Stanley. The downgrades are based on higher inventories at dealers, auto defaults are at 15 year highs. China is also seeing weak demand and too much auto-production for their domestic market.

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