Visa Inc., Cisco Systems, NVIDIA and other mega cap stocks published their quarterly earnings. Here's what you need to know.
Markets were up yesterday; S&P 500 gained 3.09% and closed at 4,080. 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. 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.
The multinational financial services company went up to $217, gaining 3.8%.
The multinational financial services company is up 17.68% from the significant low of $177.65 it hit 2 months ago. So far in 2022, it has performed better than the Dow by 3.81%. Visa Inc.'s market cap is currently $353.31 billion with an average daily volume of 7.27 million shares.
Cisco rallied $1.44 (2.98%) deep into the session, reaching $49.72.
A month ago, the global networking infrastructure manufacturer fell to a low of $39.27 but has since recovered 22.94%. So far in 2022, it has been outperforming the Nasdaq by 17.96%. The company has a market cap of $204.25 billion with an average daily trading volume of 19.67 million shares.
The multinational financial services company went up to $217, gaining 3.8%.
The multinational financial services company is up 17.68% from the significant low of $177.65 it hit 2 months ago. So far in 2022, it has performed better than the Dow by 3.81%. Visa Inc.'s market cap is currently $353.31 billion with an average daily volume of 7.27 million shares.
After ending Tuesday at $152.97, Walmart dropped to $151.2 early in yesterday's session and closed at $152.42. In total, it lost 0.36%.
The past 3 months have been positive for the warehouse stores chain company as it added 15% compared to its 3-month low of $118.29. The Dow has been doing worse in 2022, it has been passing it by 11.24%. The company's market cap is $413.70 billion with an average daily trading volume of 6.77 million shares.