Jay Woods has earnings reports from two tech companies on his radar this week
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(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) While the bulk of earnings season is in the …
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) While the bulk of earnings season is in the rearview mirror, Jay Woods, chief market strategist at Freedom Capital Markets, sees a few key releases for investors this week. Nearly 97% of S & P 500 companies have reported earnings this quarter, according to FactSet. Of those, about 85% have surpassed Wall Street's expectations. Here's some of the names on Woods' radar that are posting results this week: Broadcom Woods said Broadcom broke out ahead of its report in a similar fashion to Nvidia . Because of that, he said the chipmaker will need to both beat expectations for earnings and raise the outlook to avoid a pullback. "Is it a breakout or a fakeout?" Woods said. Investors should watch for the $410 to $415 per share range as a good place to buy if shares slide after earnings. If the stock continues rallying, he said it could hit $500 within a few weeks. Broadcom has surged more than 32% so far in 2026 and has climbed almost 89% over the last 12 months. Most analysts polled by LSEG have a buy rating, with the typical price target suggesting shares can rise another 3.2%. AVGO 1Y mountain Broadcom, 1-year GitLab While GitLab has struggled this year, Woods said the stock broke a downtrend last week. Shares could face resistance at the $33 and $37 price levels, Woods said. …
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