Jay Woods has earnings reports from two tech companies on his radar this week

CNBC Top News ·

Jay Woods has earnings reports from two tech companies on his radar this week

(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. …

Original source: CNBC Top News

Mentioned

CNBC · Gitlab · Nvidia · FactSet