Jay Woods on Expectations for Mag 7, MU, ADBE & SPX for Rest of 2026
- Freedom Capital Markets
- Jun 29
- 1 min read
Schwab Network
29 June 2026
Jay Woods says he's watching key Big Tech charts carefully, including Alphabet (GOOGL), Nvidia (NVDA), and Microsoft (MSFT), the last of which he expresses concern for. He explains how AI spending has shaped investor views on the Mag 7 as all trade well below their record highs. In software, Jay points to "red flags" in Adobe (ADBE) as an AI disruptive company and its uncertain leadership path. He expects Micron (MU) to consolidate around its current levels and sees a greater chance for the S&P 500 (SPX) to drop to 7,000 before rallying to 8,000.
Important Notices and Disclosures
The materials provided here are intended solely for informational and educational use. They do not constitute investment advice, a recommendation of any security or strategy, or an offer for any financial product or service by Freedom Capital Markets (FCM) or its affiliates. The information is not from FCM’s research department and should not be considered a research report or used for investment decisions. FCM is not liable for any reliance on these materials and holds no responsibility for updates. Reproduction or distribution without FCM’s consent is prohibited.
Freedom Capital Markets is the Investment Banking and Equity Capital Markets arm of Prime Executons, Inc., an NYSE, FINRA, and SIPC Member Firm.
Copyright © 2026 by Freedom Capital Markets. All rights reserved.
