Visa Inc., NVIDIA, Walmart and other mega cap stocks have published their quarterly earnings.
Markets completed a mixed session yesterday, as Dow Jones ended the session at 34,347 after a 0.45% gain. Nasdaq slipped 0.52% and closed at 11,226.
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 flat and mega cap stocks have released their quarterly earnings reports. Here is an update on what to look out for.
The electronic funds transfer specialist went up to $213.79, gaining 0.97%.
Visa Inc. hit a significant low of $177.65 around a month ago, but has since recovered 19.18%. So far in 2022 it has been beating the Dow Jones by 2.17%. The company's market cap is $348 billion with an average daily trading volume of 7.52 million shares.
The electronic funds transfer specialist went up to $213.79, gaining 0.97%.
Visa Inc. hit a significant low of $177.65 around a month ago, but has since recovered 19.18%. So far in 2022 it has been beating the Dow Jones by 2.17%. The company's market cap is $348 billion with an average daily trading volume of 7.52 million shares.
Generally flat but with a slight bullish bias, Walmart ranged between $151.86 and $153.09 before closing higher at $153.07.
After hitting an important low of $118.29 approximately 5 months ago, the discount department and warehouse stores chain has bounced back 28.85% since. The Dow Jones has been doing worse in 2022, it has been passing it by 11.92%. Walmart is currently trading with a market cap of $415.47 billion with an average daily volume of 6.82 million shares.
After closing at $321.51 on Wednesday, Home Depot rallied as high as $329.07 but ended the day at $326.38. The day's trading volume totalled 3.38 million shares — slightly below the 21-day average of 4.52 million.