Visa Inc., Cisco Systems, NVIDIA and other mega cap stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Leading equity indices in the US rose as S&P 500 closed the day at 4,080, having gained 3.09%. Nasdaq ended the session at 11,468 after a 4.41% 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.
Bullish sentiment helped the electronic funds transfer specialist to hammer out a noteworthy $208 to $217 range today, and finally closing at $217 to end the session.
Visa Inc. hit a significant low of $177.65 around 2 months ago, but has since recovered 17.68%. So far in 2022, it has been outperforming the Dow Jones by 2.48%. The company's market cap is $353.31 billion with an average daily volume of 7 million shares.
Cisco rallied $1.44 (2.98%) deep into the session, closing at $49.72.
Having set a significant high of $63.96 a month ago, the global networking infrastructure manufacturer is trading 22.94% lower. The Nasdaq has been doing worse in 2022, it has been passing it by 20.59%. Cisco has a market cap of $204.25 billion with an average daily trading volume of 19.43 million shares.
Bullish sentiment helped the electronic funds transfer specialist to hammer out a noteworthy $208 to $217 range today, and finally closing at $217 to end the session.
Visa Inc. hit a significant low of $177.65 around 2 months ago, but has since recovered 17.68%. So far in 2022, it has been outperforming the Dow Jones by 2.48%. The company's market cap is $353.31 billion with an average daily volume of 7 million shares.
An influx of sellers pushed the warehouse stores chain company to end the session lower around $152.42, while establishing a $151.2 to $152.77 session range today.
The warehouse stores chain company now trading 15.12% above its 3-month low of $118.29. So far in 2022 it has been beating the Dow Jones by 13.82%. Walmart's market cap is currently $413.70 billion with an average daily volume of 6.65 million shares.