Visa Inc., Cisco Systems, NVIDIA and other mega cap stocks published their quarterly earnings. Here's what you need to know.
The leading indices are pointing up — Nasdaq up to 11,071, gaining 1.02%. S&P 500 up 0.68%, trading at 3,960.63.
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 are up and mega cap stocks have released their quarterly earnings reports. Have a look.
After closing at $207.81 yesterday, Visa Inc. began today at $208.8 with significant bullish sentiment driving Visa Inc.'s price action higher. So far today, price action has drawn out a distinct $208.53 to $210.3 range.
Having set a significant high of $235.42 2 months ago, the electronic funds transfer specialist is trading 17% lower. The Dow has been doing worse in 2022, it has been passing it by 2.74%. The company has a market cap of $340.87 billion with an average daily trading volume of 7.16 million shares.
The networking and data center provider rallies 1.49% and stays at the $48.9 level.
Having set a significant high of $63.96 a month ago, the global networking infrastructure manufacturer is trading 22.69% lower. So far in 2022, it has performed better than the Nasdaq by 20.76%. The company's market cap is $200.89 billion with an average daily volume of 19.39 million shares.
After closing at $207.81 yesterday, Visa Inc. began today at $208.8 with significant bullish sentiment driving Visa Inc.'s price action higher. So far today, price action has drawn out a distinct $208.53 to $210.3 range.
Having set a significant high of $235.42 2 months ago, the electronic funds transfer specialist is trading 17% lower. The Dow has been doing worse in 2022, it has been passing it by 2.74%. The company has a market cap of $340.87 billion with an average daily trading volume of 7.16 million shares.
After ending yesterday at $148.55, Walmart is currently trading at $148.87.
Having set a significant high of $159.87 5 months ago, the discount department and warehouse stores chain is trading 25.58% lower. So far in 2022, it has been outperforming the Dow by 12%. The company has a market cap of $401.46 billion with an average daily trading volume of 7.40 million shares.