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.

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.

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

Hewlett Packard Enterprise tumbled after the business IT firm announced a $1.35 billion mandatory convertible preferred stock offering.

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.