Visa Inc., NVIDIA, Walmart and other mega cap stocks have published their quarterly earnings.
Markets completed a mixed session Friday while Dow Jones closed the day at 34,347, having gained 0.45%. After dropping 0.52%, Nasdaq 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. 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 flat and mega cap stocks have released their quarterly earnings reports. Here is an update on what to look out for.
Visa Inc. ended Wednesday's session at $211.73. Friday started with an increase to $214, but dropped back and closed at $213.79.
After hitting an important low of $177.65 approximately a month ago, the multinational financial services company has bounced back 19.18% since. So far in 2022, it has been outperforming the Dow Jones by 3.07%. The company's market cap is $348 billion with an average daily volume of 6.88 million shares.
Visa Inc. ended Wednesday's session at $211.73. Friday started with an increase to $214, but dropped back and closed at $213.79.
After hitting an important low of $177.65 approximately a month ago, the multinational financial services company has bounced back 19.18% since. So far in 2022, it has been outperforming the Dow Jones by 3.07%. The company's market cap is $348 billion with an average daily volume of 6.88 million shares.
Generally flat but with a slight bullish bias, Walmart ranged between $151.86 and $153.09 before closing higher at $153.07.
The past 3 months have been positive for the discount department and warehouse stores chain as it added 16.4% compared to its 3-month low of $118.29. The Dow has been doing worse in 2022, it has been passing it by 12.4%. The company has a market cap of $415.47 billion with an average daily trading volume of 6.63 million shares.
The DIY home improvement retailer went up to $326.38, gaining 1.51%.
Home Depot hit a significant low of $266.58 around 2 months ago, but has since recovered 20.61%. So far in 2022, it has been under-performing the Dow by 13.82%. The company has a market cap of $334.12 billion with an average daily trading volume of 4.56 million shares.