- Friday's star of the day Arista Networks appreciates 7.21% while outperforming its peers
- Top laggard ServiceNow gave up $23.81, or 6.18% Friday
- European markets are in session with varied performances.
Before today's session: leading equity indices in the US rose as Dow Jones closed the day at 32,400, having gained 1.26%. S&P 500 gained 1.36% and closed at 3,770.55.
Trading in the US will continue today in around a hour time, meanwhile European markets are currently mixed so far this session. Asia-Pacific markets closed higher today whilst Nikkei added 1.21% to trade at 27,528.
Also worthy of note, United States Crude Oil Inventories is expected Wednesday.
Furthermore, the market is looking at United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 17:00 UTC.
While most stocks did well Friday, some did better than others as Arista Networks trades at $131.07 having gained 7.21%. Texas Pacific Land (up 7.13%) is also performing well.
Friday's bullishness contained stock stragglers as noticeable risk-on sentiment wasn't enough to prevent ServiceNow giving up $23.81, or 6.18%, before ending the session at $361.75.
Risk-on sentiment allowed Texas Pacific Land to post 7.13% gain Friday
Texas Pacific Land pointed in the same direction Friday: Texas Pacific Land went up to $2,566, gaining 7.13%. Texas Pacific Land's market cap currently stands at $19.79 billion with an average daily trading volume of 32,154 shares. So far in 2022, it has been outperforming the Nasdaq by 168.88%.
Texas Pacific Land released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of 16.82 per share on revenue of $191.11 million, topping estimates of 14.38 per share on revenue of $175.67 million. Since the release of its earnings report, Texas Pacific Land gained 10.17%.
ServiceNow lost 6.18% during Friday's session; goes up in pre-market trading (+0.81% to $364.68)
Friday's session continued the recent downtrend: early in Friday's session, ServiceNow dropped to $354.18 from $385.56 at the end of Thursday, before closing at $361.75. During the session, it lost 6.18%.
ServiceNow is currently trading with a market cap of $73 billion with an average daily volume of 2.23 million shares. So far in 2022, it has been under-performing the S&P by 13.46%.