{
  "id": 12541815,
  "title": "Wall Street’s first record since August, our tech pick is up 61%",
  "url": "https://urgent.news/2026/10/07/wall-streets-first-record-since-august-our-tech-pick-is-up-61",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T03:54:12.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/wall-streets-first-record-since-august-our-tech-pick-is-up-61-4935569"
  },
  "original_language": "en",
  "account": "For the first time in nearly two months, the S&P 500 closed at a record high on Tuesday, with artificial intelligence infrastructure spending driving much of the gains. This success was supported by a tech pick strategy called Beat the S&P 500, which has quietly delivered one of the year's biggest enterprise-tech turnarounds. Hewlett Packard Enterprise (HPE), picked by the models on July 1, has seen its stock rise by 60.8% since the pick date and is within 1% of its 52-week high.\n\nMembers of the Beat the S&P 500 strategy are experiencing real, open moves, such as HPE's recent performance. HPE's stock has surged 166% year-to-date, with record fiscal Q3 2026 revenue of $12.2 billion, up 34% year-over-year. The company's non-GAAP earnings per share (EPS) of $1.11 also exceeded expectations. Networking revenue increased by 74.9% to $2.9 billion, while Cloud & AI revenue rose 25.4% to $9.0 billion, driven by server systems (up 35.3% to $6.8 billion).\n\nHPE's guidance for the fiscal year 2027 has been raised to 34-37% revenue growth and $4.40-$4.60 in EPS. Management noted that these figures do not yet include revenue from the upcoming Helios AI racks. These racks, ordered by private hyperscaler Vultr for a staggering $1.2 billion, will feature AMD-powered Helios systems, each hosting up to 72 AMD Instinct MI455X GPUs capable of 2.9 exaFLOPS of FP4 performance.\n\nInvestingPro's AI-powered stock picker evaluates thousands of global equities each month using historical data, valuation signals, and forward-looking growth metrics. The engine identifies up to 20 high-conviction stocks based on projected medium-term upside. The strategy rebalances monthly, adding new opportunities and removing underperforming stocks. Current valuations for HPE still leave room for growth, with a forward P/E of 14.9x and a PEG of 0.52.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Wall Street rallies toward an all-time high",
        "url": "https://urgent.news/2026/10/06/wall-street-rallies-toward-an-all-time-high",
        "published": "2026-10-06T16:42:03.000Z"
      },
      {
        "outlet": "MarketWatch",
        "title": "How Meta’s stock can surge to $1,000, according to the biggest bull on Wall Street",
        "url": "https://urgent.news/2026/10/06/how-metas-stock-can-surge-to-1-000-according-to-the-biggest-bull-on",
        "published": "2026-10-06T18:20:00.000Z"
      },
      {
        "outlet": "FreightWaves",
        "title": "Wall Street analysts positive on C.H. Robinson deal; S&P more cautious",
        "url": "https://urgent.news/2026/10/06/wall-street-analysts-positive-on-c-h-robinson-deal-s-p-more-cautious",
        "published": "2026-10-06T19:46:54.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Wall Street ended higher as S&P 500 and Nasdaq tag new highs",
        "url": "https://urgent.news/2026/10/06/wall-street-ended-higher-as-s-p-500-and-nasdaq-tag-new-highs",
        "published": "2026-10-06T20:06:42.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "Wall Street rises toward records despite economic headwinds",
        "url": "https://urgent.news/2026/10/06/wall-street-rises-toward-records-despite-economic-headwinds",
        "published": "2026-10-06T21:23:00.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "Shrugging off war, the bond rout and oil crunch: Why Wall Street keeps rallying",
        "url": "https://urgent.news/2026/10/07/shrugging-off-war-the-bond-rout-and-oil-crunch-why-wall-street-keeps-12514781",
        "published": "2026-10-07T01:18:45.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Shrugging off war, the bond rout and oil crunch: Why Wall Street keeps rallying",
        "url": "https://urgent.news/2026/10/07/shrugging-off-war-the-bond-rout-and-oil-crunch-why-wall-street-keeps",
        "published": "2026-10-07T01:18:45.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asia stocks fall despite Wall Street records as rising oil, yields weigh",
        "url": "https://urgent.news/2026/10/07/asia-stocks-fall-despite-wall-street-records-as-rising-oil-yields",
        "published": "2026-10-07T03:11:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}