$HPE - *ELLIOTT SAID TO BUILD OVER $1.5 BILLION STAKE IN HP ENTERPRISE

Hewlett Packard Enterprise, $HPE, has announced it will fire 3,000.

$HPE $NVDA - HPE ANNOUNCES SHIPMENT OF ITS FIRST NVIDIA GRACE BLACKWELL SYSTEM

MORNING RECAP • $ASO announces a $700M share buyback. • $AEO Q3 EPS $0.48 vs. $0.46 est., rev down -0.9% to $1.29B; cuts annual sales growth forecast to 3%, expects Q4 comp sales +1%, total rev -4%. • $CHPT Q3 loss (-$0.18) vs. est. (-$0.09), rev -10% to $99.6M; Q4 rev guidance $95M-$105M. Networked charging systems down -29%, subscription rev up +19%. • $COST November comp sales +3.1%, net sales +5.6% to $21.87B; Q1 sales +7.5% to $60.99B. • $FIVE Q3 EPS $0.42 vs. $0.17 est., sales +15% to $843.7M; Q4 sales guide $1.35B-$1.38B, comp sales expected to decline. • $PVH Q3 adj EPS $3.03 vs. $2.59 est., rev $2.26B vs. $2.22B; Q4 rev expected -7% to -6%, EPS $3.05-$3.20. • $PG now sources Gillette razor steel from India to mitigate potential Trump tariffs. • $AVAV Q2 rev $188.5M vs. $182.9M est.; adj EBITDA $25.9M vs. $31.7M est.; maintains FY25 EPS $3.18-$3.49, revenue $790M-$820M. • $APD: Mantle Ridge now nominates only four for the board, down from nine. • $CULP Q2 adj op income ($2.6M) vs. ($3.589M) est., sales $55.7M vs. $58M est.; expects flat to slightly down Q3 sales, positive EBITDA in 2H, profitable by Q4. • $GEF Q4 EPS $1.08 vs. $1.10 est.; rev up 8.3% to $1.42B, adj EBITDA down 0.8% to $197.6M; FY25 adj EBITDA expected at $675M low-end. • $LUV boosts Q4 revenue per seat mile forecast to 5.5%-7% from 3.5%-5.5%, due to pricing and travel demand. • $FI stock falls as CEO Frank Bisignano is nominated by Trump to lead the SSA. • $FOUR downgraded to Hold from Buy after CEO Jared Isaacman is chosen by Trump to head NASA. • $HOOD plans Asia expansion, setting up in Singapore. NYPD seeks man who killed UnitedHealth $UNH executive Brian Thompson outside a Manhattan hotel, suspect fled into Central Park. TSM discussing with $NVDA to manufacture AI chips in Arizona. • $AMAT downgraded to Underweight at Morgan Stanley due to memory market concerns. • $HPE upgraded to Overweight, target price raised post-Juniper acquisition. • $NCNO Q3 adj EPS $0.21 vs $0.16 est., Q4 rev guidance below estimates. • $OOMA Q3 EPS $0.17 vs $0.16 est., raised yearly outlook. • $S Q3 EPS loss ($0.25) vs $0.01 est., slightly beat on revenue for Q4 and year. • $SNPS Q4 adj EPS $3.40 vs $3.30 est., Q1 guidance below expectations. • $VRNT Q3 EPS $0.54 vs $0.43 est., strong SaaS growth, FY25 revenue guidance up. • $DIS increases dividend to $1.00 per share. • $SMTC launches $400M stock offering.

#Upgrades - Dec 05, 2024 • $BRKR: Goldman Sachs Upgrades to Neutral from Sell - PT $60 • $COP: JPMorgan Upgrades to Overweight from Neutral - PT $123 (from $120) • $DEO: Jefferies Upgrades to Buy from Hold - PT $141 (from $129) • $EXAS: CFRA Upgrades to Buy from Hold - PT $72 (from $48) • $GTES: Barclays Upgrades to Overweight from Equalweight - PT $25 (from $21) • $HPE: Morgan Stanley Upgrades to Overweight from Equalweight - PT $28 (from $23) • $ITW: Barclays Upgrades to Equalweight from Underweight - PT $270 (from $230) • $MBLY: Wolfe Research Upgrades to Outperform from Peerperform • $MGA: Wolfe Research Upgrades to Peerperform from Underperform • $OKTA: Bernstein Upgrades to Outperform from Market Perform - PT $129 (from $123) • $ROK: Barclays Upgrades to Equalweight from Underweight - PT $290 (from $255) • $WTW: Raymond James Upgrades to Strong Buy from Outperform - PT $400 (from $365)

#Upgrades - Nov 18, 2024 • $AMLX: Baird Upgrades to Outperform from Neutral - PT $11 (from $3) • $APD: UBS Upgrades to Buy from Neutral - PT $375 (from $338) • $AUTL: Goldman Sachs Upgrades to Buy from Neutral - PT $7.60 (from $7) • $BFAM: BMO Capital Upgrades to Outperform from Market Perform - PT $125 (from $137) • $CBRL: Argus Upgrades to Buy from Hold - PT $52 • $CVS: Wells Fargo Upgrades to Overweight from Equal Weight - PT $66 (from $60) • $FUTU: Morgan Stanley Upgrades to Overweight from Equalweight - PT $115 (from $70) • $HOOD: Needham Upgrades to Buy from Hold - PT $40 • $HPE: Raymond James Upgrades to Strong Buy from Outperform - PT $29 (from $23) • $MBI: KBW Upgrades to Outperform from Market Perform - PT $9 (from $6.50) • $MPWR: Loop Capital Upgrades to Buy from Hold - PT $660 • $MRNA: HSBC Upgrades to Buy from Hold - PT $58 • $PRMB: Deutsche Bank Upgrades to Buy from Hold - PT $33 (from $20) • $ROKU: Baird Upgrades to Outperform from Neutral - PT $90 (from $70) • $UFCS: Piper Sandler Upgrades to Neutral from Underweight - PT $26 (from $19)

#Upgrades - Sep 25, 2024 $ABG: Morgan Stanley Upgrades to Equalweight from Underweight - PT $240 (from $190) $AN: Morgan Stanley Upgrades to Overweight from Equalweight - PT $200 (from $145) $DASH: KeyBanc Upgrades to Overweight from Sector Weight - PT $177 $GPI: Morgan Stanley Upgrades to Overweight from Equalweight - PT $430 (from $285) $HPE: Barclays Upgrades to Overweight from Equalweight - PT $24 (from $20) $LAD: Morgan Stanley Upgrades to Equalweight from Underweight - PT $310 (from $225) $LNW: UBS Upgrades to Buy from Neutral - PT $166 (from $169) $PAG: Morgan Stanley Upgrades to Overweight from Equalweight - PT $180 (from $115) $PBR: JPMorgan Upgrades to Overweight from Neutral - PT $19 (from $16.50) $SAH: Morgan Stanley Upgrades to Equalweight from Underweight - PT $58 (from $40)

#Upgrades - Sep 17, 2024 $ALRS: Raymond James Upgrades to Outperform from Market Perform - PT $24 $APP: UBS Upgrades to Buy from Neutral - PT $145 (from $100) $BANC: Raymond James Upgrades to Outperform from Market Perform - PT $16 $BNTX: Jefferies Upgrades to Buy from Hold - PT $150 (from $96) $CURV: William Blair Upgrades to Outperform from Market Perform $DCOM: Raymond James Upgrades to Strong Buy from Outperform - PT $35 (from $29) $ETR: Barclays Upgrades to Overweight from Equalweight - PT $138 (from $115) $GCI: Citi Upgrades to Neutral from Sell - PT $5.10 $GEV: BofA Securities Upgrades to Buy from Neutral - PT $300 (from $200) $HPE: BofA Securities Upgrades to Buy from Neutral - PT $24 (from $21) $LIVN: Baird Upgrades to Outperform from Neutral - PT $66 (from $55) $LSCC: Stifel Upgrades to Buy from Hold - PT $55 $NYCB: Raymond James Upgrades to Market Perform from Underperform $RLMD: Jefferies Upgrades to Buy from Hold - PT $13 (from $3.50) $SHOP: Redburn-Atlantic Upgrades to Buy from Neutral - PT $99 $SNV: Raymond James Upgrades to Outperform from Market Perform $TCBI: Raymond James Upgrades to Outperform from Market Perform $VBTX: Raymond James Upgrades to Strong Buy from Market Perform