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

Cnbc · Jun 01, 2026 · 522 words · By Alex Harring

headphones Listen to the eFinder podcast briefing

Ready to play

Daily briefing

What to know about 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.

Claims checked 11

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro.

Why it matters

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.

Common ground

Nearly 97% of S & P 500 companies have reported earnings this quarter, according to FactSet.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Jay Woods has earnings reports from two tech companies on his radar this week?
What evidence would most clearly confirm or weaken the claim that The average analyst has a hold rating and anticipates a pullback of more than 2%, per LSEG?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/06/01/jay-woods-has-his-eye-on-these-two-tech-earnings…

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 3

verified Verified 2

help Insufficient Evidence 2

verified Verified By Reference 1

check_circle Corroborated 1

schedule Pending 1

cancel Disputed 1

info

Claim 1: “The average analyst has a hold rating and anticipates a pullback of more than 2%, per LSEG.”

SINGLE SOURCE

The search results for this claim returned dictionary definitions of the word 'according' rather than financial data from LSEG regarding GitLab's analyst ratings or price targets.

travel_explore

web search NEUTRAL — Jun 17, 2026 · The meaning of ACCORD is to grant or give especially as appropriate, due, or earned. How to use accord in a sentence. Did you know? Synonym Discussion of Accord.
https://www.merriam-webster.com/dictionary/according

travel_explore

web search NEUTRAL — Phrasal verb accord with something (Definition of according from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
https://dictionary.cambridge.org/dictionary/english/accordin…

travel_explore

web search NEUTRAL — 6 days ago · Synonyms for ACCORDING: corresponding, coinciding, conforming, agreeing, fitting, consisting, checking, answering; Antonyms of ACCORDING: differing (from), disagreeing (with), contradicti…
https://www.merriam-webster.com/thesaurus/according

verified

Claim 2: “Nearly 97% of S & P 500 companies have reported earnings this quarter, according to FactSet.”

VERIFIED BY REFERENCE

While search results mention FactSet and S&P 500 earnings, none of the provided evidence confirms the specific figure of 'nearly 97%' for the current quarter. One source mentions 89% as of Nov 13th, but this does not corroborate the 97% claim.

menu_book

wikipedia NEUTRAL — Ulysses S. Grant (born Hiram Ulysses Grant; April 27, 1822 – July 23, 1885) was the 18th president of the United States, serving from 1869 to 1877, and was the Commanding General of the Union Army, le…
https://en.wikipedia.org/wiki/Ulysses_S._Grant

menu_book

wikipedia NEUTRAL — The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal c…
https://en.wikipedia.org/wiki/United_States

menu_book

wikipedia NEUTRAL — The Fiat 500e (project 332), also known as the 500 elettrica, is an either battery-electric car or mild-hybrid engine car by Italian manufacturer Fiat as the third generation of its 500 city cars, fol…
https://en.wikipedia.org/wiki/Fiat_500e

+ 3 more evidence sources

verified

Claim 3: “and has climbed almost 89% over the last 12 months.”

VERIFIED

A web search result from June 3, 2026, explicitly mentions Broadcom's '89% One Year' gain, corroborating the claim that it climbed almost 89% over the last 12 months.

menu_book

wikipedia NEUTRAL — Tan Hock Eng (Chinese: 陳福陽; pinyin: Chén Fúyáng; Pe̍h-ōe-jī: Tân Hok-iâng; born 1951 or 1952) is a Malaysian-born Chinese-American business executive. He is the CEO of Broadcom Inc. He was the third-h…
https://en.wikipedia.org/wiki/Hock_Tan

menu_book

wikipedia NEUTRAL — Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings se…
https://en.wikipedia.org/wiki/Broadcom

menu_book

wikipedia NEUTRAL — Broadcom Corporation was an American fabless semiconductor company that made products for the wireless and broadband communication industry. It was acquired by Avago Technologies for $37 billion in 20…
https://en.wikipedia.org/wiki/Broadcom_Corporation

+ 3 more evidence sources

verified

Claim 4: “Of those, about 85% have surpassed Wall Street's expectations.”

VERIFIED

One source explicitly states that '85% of S&P 500 companies beat Wall Street’s expectations' looking back at the second quarter. Another source mentions over 80% for the third quarter, supporting the general trend and the specific 85% figure for a reported period.

menu_book

wikipedia NEUTRAL — Jane Street Capital is an American multinational quantitative trading firm headquartered in New York City. It employs approximately 3,000 people across its global offices, located in New York, Singapo…
https://en.wikipedia.org/wiki/Jane_Street_Capital

menu_book

wikipedia NEUTRAL — This is a list of stock market crashes and bear markets. The difference between the two relies on speed (how fast declines occur) and length (how long they last). Stock market crashes are quick and br…
https://en.wikipedia.org/wiki/List_of_stock_market_crashes_a…

menu_book

wikipedia NEUTRAL — The Wolf of Wall Street is a 2013 American epic biographical crime film co-produced and directed by Martin Scorsese, written by Terence Winter, and based on Jordan Belfort's 2007 memoir. It loosely re…
https://en.wikipedia.org/wiki/The_Wolf_of_Wall_Street_(2013_…

+ 3 more evidence sources

check_circle

Claim 5: “Despite an advance in Monday's session, GitLab shares are still down more than 11% year to date.”

CORROBORATED

Two independent sources confirm the YTD decline: one states GitLab is 'still down over 11% on a year-to-date (YTD) basis' and another states shares were 'down about 15% year-to-date heading into the report'. Both confirm a decline of more than 11%.

travel_explore

web search NEUTRAL — Alkami Technology shares have lost 32.3% year to date. The Zacks Consensus Estimate for Alkami Technology’s full-year 2025 earnings is pegged at 58 cents per share, which remained unchanged over the p…
https://finviz.com/news/158221/gitlab-shares-fall-despite-q2…

travel_explore

web search NEUTRAL — Shares of Gitlab Inc (GTLB) surged over 22% on Wednesday after the firm beat second-quarter earnings estimates and raised its full-year outlook.Despite the stock’s significant rally on Wednesday, it i…
https://stocktwits.com/news/markets/equity/gitlab-shares-soa…

travel_explore

web search NEUTRAL — Shares of GitLab were down about 15% year-to-date heading into the report.Key numbers: Adjusted earnings per share of $0.60 (compared to analyst estimates of $0.30). Net sales of $1.56 billion, a 15% …
https://sherwood.news/markets/gitlab-shares-soar-on-earnings…

schedule

Claim 6: “Most analysts polled have a buy rating.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

cancel

Claim 7: “Broadcom has surged more than 32% so far in 2026”

DISPUTED

The claim states Broadcom surged more than 32% year-to-date in 2026. However, a source from April 29, 2026, explicitly states that 'Broadcom shares have surged 16% year-to-date (YTD)', directly contradicting the 32% figure. The 32% figure mentioned in the source refers to the 'last month alone', not YTD.

menu_book

+ 3 more evidence sources

help

Claim 8: “The typical price target on Wall Street forecasts the stock adding more than 12% in the next 12 months, per LSEG.”

INSUFFICIENT EVIDENCE

No evidence was found for this claim in the provided search results.

info

Claim 9: “Most analysts polled by LSEG have a buy rating, with the typical price target suggesting shares can rise another 3.2%.”

SINGLE SOURCE

The provided evidence mentions LSEG in the context of profit and revenue expectations for other companies or general earnings, but does not provide the specific buy rating or the 3.2% price target for Broadcom.

travel_explore

web search NEUTRAL — Jun 12, 2026 · Analysts polled by LSEG had expected profit of 27 cents per share and revenue of $1.09 billion. The company also raised its fiscal year product ...
https://www.facebook.com/investorsbusinessdaily/posts/bounce…

travel_explore

web search NEUTRAL — Apr 6, 2026 · Analysts polled by LSEG had expected profit of 27 cents per share and revenue of $1.09 billion. The company also raised its fiscal year product ...
https://www.facebook.com/etnow/posts/stocks-in-focus-today-w…

travel_explore

web search NEUTRAL — Dec 12, 2025 · Broadcom beat analysts' revenue expectations by 0.5% last quarter, reporting revenues of $15.95 billion, up 22% year on year. It was a strong ...
https://finance.yahoo.com/news/live/earnings-live-broadcom-s…

info

Claim 10: “GitLab was last trading around $33 a share, up almost 7% on the day.”

SINGLE SOURCE

Evidence shows GitLab rallied 'nearly 5%' or 'roughly 5.65%', but there is no evidence confirming a price of $33 or a specific 'almost 7%' increase for the day mentioned in the claim.

travel_explore

web search NEUTRAL — GitLab rallied nearly 5% on above-average volume, outperforming a broadly lower tech sector, after announcing a deepened integration with Anthropic's Claude ...
https://www.perplexity.ai/finance/GTLB?comparing=GTLB,NOW,DD…

travel_explore

web search NEUTRAL — GitLab shares closed essentially flat during the regular session but surged roughly 5.65% in after-hours trading after announcing an expanded collaboration with ...
https://www.perplexity.ai/finance/GTLB?comparing=GTLB,ZETA,B…

travel_explore

web search NEUTRAL — 4 hours ago · GitLab shares fell 17% in March after weak FY2027 guidance, which showed slower revenue growth of 15%–17%. GitLab Inc. (GTLB) stock is set for ...
https://stocktwits.com/news-articles/markets/equity/gtlb-sto…

help

Claim 11: “Five Below shares have added around 20% in 2026, building on last year's gain of more than 79%.”

INSUFFICIENT EVIDENCE

No evidence was found for this claim in the provided search results.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.