Visa Inc., NVIDIA, Walmart and other mega cap stocks published their quarterly earnings. Here's what you need to know.
Markets closed higher yesterday; Nasdaq gained 0.99% and closed at 11,300. S&P 500 ended the session at 4,027.26 after a 0.59% gain.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. These reports are typically announced once a quarter, and their timing is considered when making predictions about the market due to the large impact they have on it.
Markets were up and mega cap stocks have released their quarterly earnings reports. Have a look.
After closing at $210.33 on Tuesday, Visa Inc. rallied as high as $212.83 but ended the day at $211.73. The day's trading volume totalled 3.81 million shares — under the 21-day average of 7.52 million.
After closing at $210.33 on Tuesday, Visa Inc. rallied as high as $212.83 but ended the day at $211.73. The day's trading volume totalled 3.81 million shares — under the 21-day average of 7.52 million.
After closing at $152.42 yesterday, Walmart maintained a strong bullish bias that helped the stock close higher at $152.42. However, market bears ensured the the warehouse stores chain company topped out at $153.37 and that by the end of the session, the market had marked out a distinct $151.89 to $153.37 range. The day's trading volume totalled 5.64 million shares — slightly under the 21-day average of 6.78 million.
An influx of sellers pushed the home improvement retailer to end the session lower around $321.51, while establishing a $320.44 to $327.82 session range yesterday. Yesterday's trading volume was 4.24 million shares which is slightly under the 21-day average of 4.50 million.