Eli Lilly and Company, Apple, Amazon are the ones to read about today.
The leading indices are climbing up — Dow Jones up to 32,833, gaining 1.33%. S&P 500 up 1%, trading at 3,808.7.
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.
Lilly | Extends $2.74 since strong earnings report Tuesday
Eli Lilly and Company released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 1.98 per share on revenue of $6.94 billion, topping estimates of 1.92 per share on revenue of $6.89 billion. Since the release of its earnings report, Eli Lilly and Company gained 0.76%.
As the end of the session approaches, a small gain for Lilly at $364.83 after ranging between $357.5 and $367 today.
7 days ago Lilly reached a significant high of $362.09 but has consequently lost 1.29% since then. The S&P 500 has been doing worse in 2022, it has been passing it by 58.74%. Lilly is currently trading with a market cap of $346.65 billion with an average daily volume of 2.81 million shares.
After dipping down to $135.67, the sleek phone manufacturer regained earlier losses, reaching $138.93 as the end of the session nears.
The mobile and tech colossus is now trading 16.31% below its 3-month high of $182. So far in 2022, it has performed better than the Nasdaq by 27.17%. Apple is currently trading with a market cap of $2.21 trillion with an average daily trading volume of 91.83 million shares.
As the session draws to a close, the tech and retail multifaceted giant is recovering but is not all the way back to $91 after dipping down to $89.04 today.
The tech and retail multifaceted giant is now trading 35.38% below its 3-month high of $184.8. So far in 2022 it has been beating the Nasdaq by 4.53%. Amazon has a market cap of $924.63 billion with an average daily volume of 86.21 million shares.
From an earlier low of $317.71, Mastercard is on track to end the session around $324.69 after gaining $6.32 compared to last trading session's $318.37 (2%).
Mastercard hit a significant low of $283.38 around 26 days ago, but has since recovered 12.35%. So far in 2022, it has been outperforming the S&P by 13.04%. Mastercard's market cap currently stands at $312.18 billion with an average daily volume of 3.19 million shares.