Eli Lilly and Company, Apple, Amazon and other mega cap stocks published their quarterly earnings, check out this rundown of reports and how they turned out.
Markets had an interesting day yesterday; Dow Jones ended the session at 32,827 after a 1.31% gain. S&P 500 closed the day at 3,806.8, having gained 0.96%.
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.
Eli Lilly and Company rallied 2.14% and ended the session at $365.07.
Lilly is now trading 2.1% below the significant high of $365.07 it set around a day ago. So far in 2022 it has been beating the S&P 500 by 61.6%. Lilly’s market cap is currently $346.88 billion with an average daily volume of 2.81 million shares.
Apple recovered from the previous trading session’s losses and went up to $138.92 yesterday after it traded lower at $135.67.
The mobile and tech colossus is now trading 15.79% below its 3-month high of $182. The Nasdaq has been doing worse in 2022, it has been passing it by 26.55%. Apple’s market cap currently stands at $2.21 trillion with an average daily trading volume of 91.83 million shares.
The tech and retail multifaceted giant has almost recovered all its losses from a previous close of $91 after dipping down to $89.04 yesterday.
The tech and retail multifaceted giant has shed 34.95% over the past three months. So far in 2022, it has been outperforming the Nasdaq by 3.54%. The company has a market cap of $923.56 billion with an average daily volume of 86.21 million shares.
Bullish sentiment helped Mastercard to hammer out a noteworthy $317.71 to $325.8 range yesterday, and finally closing at $325.13 to end the session.
Mastercard hit a significant low of $283.38 around 27 days ago, but has since recovered 12.35%. So far in 2022, it has performed better than the S&P 500 by 13.67%. Mastercard is currently trading with a market cap of $312.60 billion with an average daily volume of 3.19 million shares.