NYSE insider Jay Woods flags IBM, ServiceNow and Intel earnings as key market tests this week
AI Market Summary
US earnings season accelerates with key prints from IBM, ServiceNow, and Intel, alongside broader S&P 500 reporting. The S&P 500 closing below its 50-day moving average again elevates sensitivity to earnings surprises, particularly around AI-adjacent narratives. IBM's sharp post-preliminary selloff and depressed positioning in NOW and INTC raise the likelihood of higher single-stock volatility that can spill into index-level risk sentiment near key technical levels.
Impact level
● Medium
Affected assets
NCSISP5002USD/USDT+0.82%
AI Insight · NCSISP5002USD/USDTAI Insight
● Neutral
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U.S. earnings season accelerates this week, with IBM and ServiceNow (NOW) reporting Wednesday after the close and Intel due Thursday after the close. IBM plunged 25% in a preliminary report that missed revenue and earnings expectations, while NOW is trading around its 50-day moving average near $103 and remains below its 200-day moving average around $128.40. Intel is down more than 30% from a late-June high, with its 50-day moving average near $117 cited as a key level. The S&P 500 has been under pressure for two straight weeks, sharpening investor sensitivity to whether AI-related results deliver.
