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LivestreamMenuThe earnings season ramps up this week, and NYSE Insider Jay Woods is looking at three names set to report that he thinks will be key to the market. Around 80 S & P 500 companies are scheduled to post results, including Alphabet and Tesla . The releases gather greater importance, as the S & P 500 last week closed below its 50-day moving average for the second time since April — and the index hasn’t set a new record high since early June. IBM releases its earnings Wednesday afternoon. IBM had its worst day ever on Tuesday, falling 25% after missing revenue and earnings expectations in a preliminary earnings report. Woods said to watch for a potential relief rally and identified an interesting spot for a quick trade if the stock can regain some of its losses. ServiceNow is set to release earnings on the same day as IBM. Despite taking a beating this year — down 30% in 2026 — the stock could rally if it posts strong results The software company is sitting right at its 50-day moving average around $103 and has a chance to rally, he said. Shares are also below their 200-day moving average near $128.40. “Some of the biggest rallies happen under the 200-day average. It already happened once with ServiceNow in June; it has potential to run to $125 if news is good,” noted Woods, chief market strategist at Freedom Capital Markets. “Now the question is it a relief rally or the start of something new?” NOW YTD line ServiceNow YTD The final AI player to watch is Intel , which reports its earnings on Thursday. Intel is down over 30% from its recent high in late June. However, Woods thinks the stock can climb again if earnings outperform expectations. Woods noted that if Intel does rally, investors should watch for its 50-day moving average near $117.Read More
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