As earnings season winds down, nearly 97% of S&P 500 companies have reported, with about 85% exceeding expectations, according to FactSet. Woods notes that Broadcom's stock has surged over 32% in 2026 and nearly 89% over the past year, suggesting that a strong earnings report and an upward revision of guidance are crucial to maintain momentum.
He identifies a buying opportunity in the $410 to $415 range if the stock pulls back post-earnings, with a potential target of $500 if the rally continues. In contrast, GitLab's stock, currently around $33, has shown signs of breaking a downtrend but faces resistance at $33 and $37.
If it surpasses these levels, it could rise to $46, although analysts remain cautious with a hold rating and a projected pullback. Additionally, Woods is optimistic about Five Below, which has gained around 20% in 2026, suggesting it could break out past $238 to reach $270, supported by positive commentary from Dollar Tree regarding discount retailers.
Overall, these insights provide investors with actionable strategies based on upcoming earnings reports and market conditions