Eli Lilly and Company, Apple, Amazon and other mega cap stocks have published their quarterly earnings.
The leading indices are climbing up — Nasdaq up to 11,478, gaining 2.52%. S&P 500 goes up 1.52%, trading at 4,017.54.
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 are up and mega cap stocks have released their quarterly earnings reports. Have a look.
Lilly slides down from $356.06 to $350.86, losing $5.2 (1.46%).
After ending yesterday at $148.28, Apple is currently trading at $152.66.
The mobile and tech colossus is now trading 14.38% below its 3-month high of $182. The Nasdaq has been doing worse in 2022, it has been passing it by 22.88%. The company's market cap is $2.43 trillion with an average daily trading volume of 92.72 million shares.
Small gain for Amazon at $100.79 after ranging between $100 and $103.79 today.
After hitting an important low of $86.14 approximately 6 days ago, Jeff Bezos’s company has bounced back 14.34% since. So far in 2022, it has been doing worse than the Nasdaq by 0.79%. Amazon has a market cap of $1 trillion with an average daily volume of 99.68 million shares.
Mastercard trades at $346.94 today, after closing yesterday at $339.37 and gaining $7.57 (2.23%).
Mastercard hit a significant low of $283.38 around a month ago, but has since recovered 19.76%. So far in 2022, it has been outperforming the S&P 500 by 12.7%. The company has a market cap of $333.57 billion with an average daily volume of 3.23 million shares.