Shares of Hewlett Packard Enterprise rose some 4.2% Thursday afternoon. Wednesday's 50 basis point rate cut signals aggressive easing, impacting companies like Hewlett Packard Enterprise.

Wamsi Mohan from BofA Global Research upgraded his call on the information technology hardware and services company to Buy from Hold.

Key Takeaways Hewlett Packard Enterprise was upgraded by Bank of America, which said the firm had several future catalysts.The bank also raised the price target to $24 from $21.The analysts pointed to HPE's position in the artificial intelligence market and likely cost cuts.

For the month, Tesla (TSLA) has led the pack of seven stocks with its return of 6%. Microsoft and Amazon are both a close second at 4% for the month. Microsoft remains in a long-term bull market trend with a price target of $550.00.

Using TipRanks’ Options tool, we can gauge what options traders anticipate for Hewlett Packard stock right after its earnings report. The expected earnings move is calculated by evaluating the at-the-money straddle of options that are set to expire soon after the announcement.