Visa Inc., NVIDIA, Walmart and other mega cap stocks published their quarterly earnings. Here's what you need to know.
Leading equity indices in the US rose as Nasdaq closed the day at 11,300, having gained 0.99%. 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. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets were up and mega cap stocks have released their quarterly earnings reports. Have a look.
After ending Tuesday at $210.33, Visa Inc. spiked to $212.83 Wednesday, dropped back to starting point range, and rallied again to $211.73.
Having set a significant high of $235.42 a month ago, the multinational financial services company is trading 18.4% lower. So far in 2022 it has been beating the Dow by 2.6%. The company has a market cap of $344.73 billion with an average daily trading volume of 7.52 million shares.
After ending Tuesday at $210.33, Visa Inc. spiked to $212.83 Wednesday, dropped back to starting point range, and rallied again to $211.73.
Having set a significant high of $235.42 a month ago, the multinational financial services company is trading 18.4% lower. So far in 2022 it has been beating the Dow by 2.6%. The company has a market cap of $344.73 billion with an average daily trading volume of 7.52 million shares.
Walmart closed at $152.42 Wednesday after ranging between $151.88 and $153.37.
The warehouse stores chain company is up 28.24% from the significant low of $118.29 it hit 5 months ago. So far in 2022, it has performed better than the Dow by 12.41%. The company has a market cap of $413.70 billion with an average daily volume of 6.82 million shares.
Pronounced bearish market sentiment ensured that the DIY home improvement retailer made a notable 1.04% loss Wednesday, declining $3.37 and ultimately closing at $321.51. The day's trading volume totalled 4.24 million shares — slightly below the 21-day average of 4.52 million.