Buy these stocks for the bull market's NEXT leg! | Jay Woods
Full Signal
Phil Rosen
4.8 • 18 Ratings
🗓️ 28 April 2026
⏱️ 35 minutes
🧾️ Download transcript
Summary
Jay Woods is the chief market strategist at Freedom Capital Markets. He joins Phil Rosen on Full Signal to discuss why the lows are in for the S&P 500 in 2026, the historic semiconductor streak lifting Nvidia and the chip names, why this AI rally is nothing like the dot com bubble, and the sectors he's buying — and avoiding — for the rest of the year.
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Timestamps:
0:00 - Intro
0:30 - Record highs, ugly sentiment
2:30 - Jay's 2026 S&P 500 target
4:41 - Mag 7 earnings
5:12 - Meta, Microsoft on the ropes
7:10 - Alphabet, Amazon, Apple
8:18 - Nvidia at $5 trillion
10:43 - 18-day chip streak
13:12 - Retail vs institutional buying
14:35 - No dot com bubble
17:30 - What could derail the bull
17:51 - AI eating college grad jobs
19:32 - Fed outlook
23:45 - Best sectors to buy now
29:04 - Sectors to avoid
31:35 - Why tech isn't a top pick
33:17 - Follow Jay
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Transcript
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| 0:00.0 | The S&P 500 is at a record high, and I'm sitting down with the perfect person to talk about it. |
| 0:05.1 | We have Jay Woods, chief market strategist of freedom capital markets on the show today. |
| 0:09.9 | We get into a bunch of single-name stocks, his favorite sectors in the S&P 500, the sectors that he would not touch right now because he's too bearish and much more. |
| 0:19.9 | This is a must-listen conversation |
| 0:21.7 | if you're interested in earnings, macro, where the stock market is going for the rest of the year |
| 0:26.6 | and more. Jay, it is so good to see you. I want to get right into we're at the record high stock |
| 0:33.9 | market. Margins have been looking really good really good, earnings are looking really good. |
| 0:38.1 | What do you make of all that positivity with the negative sentiment that's happening in the market |
| 0:42.8 | right now? Yeah, this is and has been a crazy market. If you told me we'd be breaking out to new |
| 0:49.0 | highs with the backdrop of oil stably over $90 and the backdrop of what's going on in this conflict, |
| 0:56.4 | it would have been tough to fathom, but the key word there is earnings. |
| 1:00.4 | Earnings growth continues, and earnings and stock activity growth is happening in the right sectors. |
| 1:06.8 | One of the reasons we failed to really get off the mat was because the leadership was all wrong. |
| 1:12.9 | We were in these defensive names. |
| 1:14.8 | Utilities were leading. |
| 1:15.7 | Staples were leading. |
| 1:16.9 | Energy, obviously, the biggest leader, up 40% at one point. |
| 1:20.7 | This is not the kind of leadership you want in a bull market. |
| 1:23.5 | And what we've seen in the last four weeks, go back to March 30th, the lows. |
| 1:28.1 | Those lows in March, when we bottomed out, what has been on a tear? |
| 1:32.6 | Semiconductors, I don't think they've had a down day yet as we tape this. |
| 1:36.0 | It was an 18-day streak and we're hoping we can get to 19. |
... |
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