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☆ ‘Empire of the Sum’ Review: It All Adds Up
▼ + stars: | 2023-08-22 | by ( Belinda Lanks | ) www.wsj.com time to read: 1 min

Photo: Getty ImagesIn 1976, Steve Wozniak sold his HP-65 programmable calculator for $500 to start a computer company with Steve Jobs. It wasn’t a huge sacrifice. As a calculator engineer at Hewlett-Packard, he knew that the HP-67 was on its way and, with his employee discount, he could buy one for $370. His more highly prized gadget was the HP-35—the world’s premier scientific calculator and his inspiration for going to work at HP in the first place.

Persons: Steve Wozniak, Steve Jobs Organizations: HP, Hewlett, Packard

☆ $3.7 billion data startup Cohesity prepares for a public listing, again, as hope rises that IPOs will return this fall
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

The data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider. But when it last announced it had filed confidential IPO paperwork, on December 21, 2021, its timing couldn't have been worse. Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, as well as fears of a full-blown recession. "I can't predict the market, but, you know, if that happens, I'd say we'd be as ready as we were in 2021," Poonen said. And as the market opens up, we'll pick the right time, whether it's fall, whether it's next year," Poonen added.

Persons: Cohesity, Sanjay Poonen, IPOs, Poonen, He's, it's, Eric Brown, Srinivasan Murari, he's Organizations: Microsoft, Web Services, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg Locations: Informatica

☆ $3.7 billion data startup Cohesity gets ready for an IPO, again, as hope rises that IPOs will return this fall
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cohesity just hired a new CFO and is talking about getting ready for its IPO. Data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider. But when it last announced it had filed confidential IPO paperwork on December 21, 2021, its timing couldn't have been worse. Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, and fears of a full-blown recession. The last splashy IPO was HashiCorp on December 9, 2021, so the window has now been closed for 20 months and counting.

Persons: Cohesity, Sanjay Poonen, IPOs, He's, it's, Poonen, Eric Brown, Srinivasan Murari, he's Organizations: Microsoft, Web Services, ARM, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg Locations: Informatica

☆ Cloud stocks falter as Datadog trims 2023 revenue expectations
▼ + stars: | 2023-08-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Cloud stocks slipped on Tuesday, after one of the more prominent ones, Datadog , lowered its full-year revenue guidance as organizations remain engaged in cost-saving exercises. Then inflation hit, central bankers raised interest rates, and investors began selling holdings in fast-growing cloud stocks and rotating into safer investments that could more consistently offer returns. Executives at many cloud companies responded by reducing overhead, sometimes in the form of layoffs. Cloud stocks began to rebound, but many, including Datadog, have yet to trade above their record highs from 2021. Like Datadog, Everbridge , whose software helps companies respond to emergencies, lowered its growth expectations for the full year on Tuesday.

Persons: Datadog, Refinitiv, Olivier Pomel, Pomel, Bernstein, Peter Weed, Covid, RingCentral, Hewlett Packard, Tarek Robbiati, Vlad Shmunis, Sonalee Parekh, Patrick Brickley Organizations: Computing Fund, Bernstein Research, Nasdaq Locations: U.S, Smartsheet, Snowflake

Aug 1 (Reuters) - Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million in a new round to fund its efforts to build a Cisco competitor, the company said. Nile, which has previously raised $125 million, did not disclose its valuation, but said it had doubled since the last round. Data from PitchBook pegged the company's valuation at $395 million in 2020. Since its technology became available last May, Nile has signed customers such as Stanford University and startup Carta. Pankaj Patel, chief executive at Nile, said the young company can challenge the incumbents by offering ease of use at lower cost and advanced security features in its network.

Persons: John Chambers, Pankaj Patel, Hewlett, Nile, Patel, Sumant, Krystal Hu, Nick Macfie Organizations: Cisco Systems, Cisco, March Capital, Sanabil Investments, Saudi Telecom Company, Liberty Global, PitchBook, Juniper Networks, Hewlett Packard, Aruba Wireless, Stanford University, Reuters, Sumant Mandal, Thomson Locations: Saudi, San Jose, NaaS, Aruba, New York

July 26 (Reuters) - Private equity firms Haveli Investments and General Atlantic have agreed to acquire business software vendor Certinia from Advent International for nearly $1 billion including debt, according to people familiar with the matter. Haveli, which was launched by former Vista Equity Partners president Brian Sheth, and General Atlantic will buy Advent's majority stake in Certinia as well as a minority stake held by Technology Crossover Ventures (TCV), the sources said. Haveli, General Atlantic and Advent declined to comment. Austin, Texas-based Haveli has invested in some technology ventures since it was launched by Sheth in 2021. Haveli has launched a fund seeking more than $3 billion for software deals, which will include this one.

Persons: Brian Sheth, Salesforce, Milana Vinn, Anirban Sen, Jamie Freed Organizations: Haveli Investments, General Atlantic, Advent International, Vista Equity Partners, Technology Crossover Ventures, Certinia, Siemens, Hewlett Packard Enterprise, Cisco Systems, Philips, Sheth, Haveli, Apollo Global Management, Thomson Locations: Certinia, Haveli, General, Jose , California, Austin , Texas, New York

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ New IT spending survey bodes well for 7 tech stocks in A.I. to cloud to cybersecurity
▼ + stars: | 2023-07-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Analysts at Morgan Stanley published the results of their second-quarter CIO survey, providing valuable insight into information technology budget expectations. Cloud and cybersecurity Digging a bit deeper, the survey reveals that cloud computing and security software remain the top two priorities for CIOs followed by artificial intelligence/machine learning. The analysts singled out Microsoft as the most exposed to the two major themes of the survey — generative AI via ChatGPT and cloud consumption via Azure. Cloud and AI enablers All of this also bodes well for the names that make cloud computing, generative AI, and LLMs possible. Importantly, the demand is not only coming from cloud service providers (CSPs) but also from enterprise players and AI startups.

Persons: Morgan Stanley, Bard, Dell, Salesforce, Jim Cramer's, Jim Cramer, Jim, Bing, Jonathan Raa Organizations: Microsoft, Google, Web Services, Club, Software, Hewlett Packard Enterprise, Palo Alto Networks, Alto, Nvidia, Devices, AMD, CNBC, Nurphoto, Getty

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nio, Tesla, Netflix, JPMorgan, Amazon & more
▼ + stars: | 2023-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Nio as overweight Morgan Stanley said it thinks the electric vehicle company's stock will begin to gain traction. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley reiterated Microsoft as a top pick and said it has "compelling positioning." Baird reiterates Tesla as outperform Baird said it's bullish on the company's supercharger opportunity. Cowen reiterates Netflix as outperform Cowen said it's standing by its outperform rating on the stock heading into earnings next week. Truist upgrades Scotts Miracle-Gro to buy from hold Truist said in its upgrade of Scotts that the pandemic hangover is finished.

Persons: Morgan Stanley, Nio, KeyBanc, –, Baird, Tesla, it's bullish, Cowen, it's, Piper Sandler, Piper, Wells, Uber, Evercore, Netflix Evercore, Argus, Generac, Canaccord, Canacccord, Newell, Wolfe, Jefferies, TOST, JPM, Goldman Sachs, Goldman, TD Cowen, Truist Organizations: Microsoft, CIO Survey, Netflix, TikTok, IG, Mobile, UBS, Commercial Metals, Commercial Metals Company, Amazon, Industrial, Newell Brands, destocking, Citi, Hewlett Packard Citi, HP Inc, Apple, Jefferies, JPMorgan, Bank of America, underperform Bank of America, Bancorp, of America, US Bancorp, JetBlue, Alliance, . Carriers, Target, Scotts Miracle, Gro, " Bank of America, American Express Locations: Wells Fargo, Underperform, Scotts

☆ In the Age of A.I., Tech’s Little Guys Need Big Friends
▼ + stars: | 2023-07-05 | by ( Cade Metz | ) www.nytimes.com time to read: +1 min

From Hewlett-Packard to Google, the tales of bootstrapped companies that have turned into giants has inspired generations of entrepreneurs. In 2019, Aiden Gomez and Nick Frosst left Google to create an A.I. Several months later, they went back to Google and asked if it would sell them the enormous computing power they would need to build their own A.I. The big companies like Google, Microsoft and Amazon, he added, are controlling the chips. “They’re controlling the computing power,” he said.

Persons: Google Bard, Aiden Gomez, Nick Frosst, Sundar Pichai, ”, David Katz, Cohere’s, They’re, “ Organizations: Hewlett, Packard, Google, today’s, Radical Ventures, Microsoft Locations: Toronto

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

☆ HPE to offer cloud computing service for artificial intelligence
▼ + stars: | 2023-06-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

June 20 (Reuters) - Hewlett Packard Enterprise Co (HPE) (HPE.N) on Tuesday said that it is rolling out a cloud computing service designed to power artificial intelligence systems similar to ChatGPT. That shift toward AI is shaking up the cloud computing market because data centers must be built very differently to handle such work. In a typical cloud computing data center, software is used to chop up a single physical server into many smaller "virtual" machines that can then be rented out to customers. But data centers for artificial intelligence take an opposite approach. Justin Hotard, executive vice president and general manager of HPE's high-performance computing and artificial intelligence unit, said the company will use its experience in supercomputers to offer a service specifically for what are called large language models, the technology behind services like ChatGPT.

Persons: HPE, Justin Hotard, Hotard, Stephen Nellis, Franklin Paul Organizations: Hewlett Packard Enterprise Co, Microsoft Corp, Google, Frontier, National Laboratory, Franklin Paul Our, Thomson Locations: North America, Europe, United States, San Francisco

☆ HPE CEO Antonio Neri: We are the market leader in supercomputers
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHPE CEO Antonio Neri: We are the market leader in supercomputersAntonio Neri, Hewlett Packard Enterprise CEO, joins 'Squawk on the Street' to discuss the company's investment in the artificial intelligence space, whether the investment is cannibalizing other parts of the business, and more.

Persons: Antonio Neri Organizations: Hewlett Packard Enterprise

The Labor Department reported that U.S. job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation. Futures traders raised to 70% the probability of a 25 basis points hike at the Fed's June 13-14 policy meeting. FEDWATCHFed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision. The Labor Department's closely watched May unemployment report, due on Friday, could decide whether a rate hike occurs. Intel was the biggest gainer on the S&P 500 as the chipmaker said it was on track to hit the upper end of its second-quarter revenue forecast.

Persons: Brendan McDermid, Joe Biden, it's, Brad Conger, Callaghan, Conger, FEDWATCH, Philip Jefferson, Patrick Harker, Tim Ghriskey, we've, Nvidia Corp's, Herbert Lash, Shreyashi Sanyal, Shashwat Chauhan, Shounak Dasgupta, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Senate, Co, Labor Department, Philadelphia Fed, Inverness, Labor, Dow Jones, Nasdaq, Technology, Federal Deposit Insurance Corporation, Parts Inc, Genuine, O'Reily, Hewlett Packard Enterprise Co, Nvidia, Intel, Thomson Locations: New York City, U.S, Conshohocken , Pennsylvania, New York, Bengaluru

[1/2] Fearless Girl is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2023. The S&P 500 was set to end the month flat, while the Dow shed 3.8%. The S&P 500 financial sector index (.SPSY) fell 1.7%, while banks (.SPXBK) dropped 2.7%. Advance Auto Parts Inc (AAP.N) plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. Declining issues outnumbered advancers for a 2.21-to-1 ratio on the NYSE and for a 2.02-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Joe Saluzzi, Phil Blancato, Nvidia Corp's, advancers, Shreyashi Sanyal, Shashwat Chauhan, Shounak Dasgupta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Senate, Themis, Labor, Survey, Traders, Asset Management, Dow Jones, Technology, Federal Deposit Insurance Corporation, Advance, Parts Inc, Genuine, O'Reily, Hewlett Packard Enterprise Co, Nvidia, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ HPE CEO on A.I. strategy, computing slowdown and revenue outlook
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHPE CEO on A.I. strategy, computing slowdown and revenue outlookHewlett Packard Enterprise CEO Antonio Neri joins 'Squawk on the Street' to discuss company earnings after shares fell following reporting.

Persons: Antonio Neri Organizations: Hewlett Packard Enterprise

☆ HP Enterprise shares fall as dull forecast fuels fears of slowing demand
▼ + stars: | 2023-05-31 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

May 31 (Reuters) - Shares of Hewlett Packard Enterprise Co (HPE.N) slumped more than 10% on Wednesday as its lackluster revenue forecast fanned worries of a slowdown in cloud spending this year. The company was set to shed nearly $2 billion in market value if losses hold through the session. Brokerages expect economic uncertainty to weigh on demand for HPE's server and storage systems and led six analysts to cut their price target. Faced with the possibility of a recession, businesses have dialed back cloud spending and delayed large orders, sparking a slump in the tech sector after the pandemic-led boom. That is lower than the average of 17.1 for the tech sector, according to Refinitiv.

Persons: Shejal Ajmera, Samrhitha Organizations: Hewlett Packard Enterprise Co, Barclays, Hewlett Packard Enterprise, Thomson Locations: India, Bengaluru

☆ Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more
▼ + stars: | 2023-05-31 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A vehicle pulls out of a parking space outside an Advance Auto Parts Inc. store in Peoria, Illinois. The company earned an adjusted 52 cents per share, beating a Refinitiv forecast of 48 cents per share. Advance Auto Parts — The car parts retailer plummeted more than 25% after a wide earnings miss. The company reported an adjusted 72 cents per share against a Refinitiv consensus forecast of $2.57 per share. American Airlines – Shares of the air carrier rose about 2% premarket after the company raised expectations for the second quarter.

Persons: Bud Light, Ambarella, —, Samantha Subin, Fred Imbert, Tanaya Macheel Organizations: Inc, Anheuser, Busch, Hewlett Packard Enterprise, Partners, StreetAccount, FactSet, American Airlines – Locations: Peoria , Illinois

☆ Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more
▼ + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Ambarella — The chip stock fell 11.76%. Hewlett Packard Enterprise – Shares of the tech company slid 7.09% a day after the company posted a mixed quarterly report. HP – The stock fell 6.05%. Its adjusted earnings per share of 80 cents topped the 76 cents per share expected. Twilio – The tech stock rallied 11.09%.

Persons: David Zinsner, Ambarella, KeyBanc, Carvana, Twilio, KeyCorp, CNBC's Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, Fred Imbert Organizations: Intel, Avis Budget, Deutsche Bank, Nvidia —, Nvidia, Hewlett Packard Enterprise, HP, Refinitiv, Micron Technology, Goldman Sachs Global Semiconductor Conference, Micron, Partners, Zions Bancorp, Citizens Financial Group, Truist Locations: China, –

☆ Stocks making the biggest moves after hours: Ambarella, Box, HP and more
▼ + stars: | 2023-05-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Box — Shares of Box rose 3% in extended trading after the cloud company beat estimates in its fiscal first quarter. Box reported 32 cents in adjusted earnings per share on $252 million of revenue. Analysts surveyed by Refinitiv had penciled in 27 cents in earnings per share on $249 million of revenue. The company reported 52 cents in adjusted earnings per share on $6.97 billion of revenue. HP reported 80 cents in adjusted earnings per share, 4 cents above estimates.

Persons: Ambarella, Refinitiv Organizations: Hewlett, Packard, Hewlett Packard Enterprise, HP Enterprise, HP Inc, HP Locations: New York

☆ Hewlett Packard Enterprise misses quarterly revenue estimates
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

May 30 (Reuters) - Hewlett Packard Enterprise Co (HPE.N) missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, amid an economic slowdown. For some of the largest tech companies, cloud services and data center businesses have been among the biggest growth drivers, including during the pandemic as people worked from home. Its revenue for the quarter ended April 30 was $6.97 billion, compared with analysts' average expectations of $7.31 billion, according to Refinitiv data. Quarterly sales for the company's compute segment fell 8%, while the storage segment recorded a 3% decline. Hewlett Packard expects revenue for the third quarter to be between $6.7 billion and $7.2 billion.

Persons: Hewlett Packard, Tiyashi Datta, Shilpi Majumdar Organizations: Hewlett Packard Enterprise Co, Microsoft Corp, Amazon.com Inc, Oracle Corp, Thomson Locations: Texas, Aruba, Bengaluru

☆ Morning Bid: Too soon to drink to the US debt deal
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +3 min

More detail and clarity are expected around the tentative agreement in Washington to suspend the $31.4 trillion federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. In the first trades in U.S. debt markets since the debt ceiling deal, longer-term Treasuries rallied in Asia, driving benchmark 10-year yields down 6 basis points to 3.76%. Asian stocks are up, and futures indicate mild gains for stocks in Europe and the United States, too. Besides the debt deal, there is little else on investors' minds. Earnings : Manchester United, Hewlett-PackardReporting by Vidya Ranganathan; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Looking ahead, investors this week will be laser-focused on Washington, as Congress prepares to vote on a bill to raise the U.S. debt ceiling . But the shortened trading week ahead still features some key earnings and economic data. ET: S & P/Case Shiller home price index (March) 10 a.m. ET: Employment report: Non-farm payrolls and jobless rate (May) Looking back Last week, three Club holdings reported earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Tech stocks have been having a breakout year after a difficult end to 2022. While many tech stocks have surged year to date, some are trading cheaper than their peers. The S & P 500 tech sector is the best performer year to date, jumping about 33% in 2023. Hewlett Packard Enterprise is the cheapest tech stock on the list. The company is trading at a relative P/E ratio of just 0.27 compared to the broad market tech sector.

☆ Next week promises any debt deal relief may prove short-lived with jobs report, Fed decision looming
▼ + stars: | 2023-05-26 | by ( Scott Schnipper | ) www.cnbc.com time to read: +5 min

"The overhangs on the market this year [are] the debt ceiling negotiation, hawkish Fed commentary and a banking crisis. It appears we are going to get a debt ceiling deal over the weekend, which should help the market to stabilize." The problem for many on the Street is the action in the S & P 500 Tech Index, up more than 5% this week; the Nasdaq Composite , ahead about 2.5%; and the S & P 500 , with a 0.3% gain, masks so much weakness beneath the surface. The S & P 500 consumer staples, materials, health care and utilities were all down between 2.4% and 3.2% this week, and the Dow Industrials were lower 1%. Although the S & P 500 is 9.5% higher so far in 2023, only a few stocks are doing well. "

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