Visa Inc., NVIDIA, Walmart and other mega cap stocks have published their quarterly earnings.
The leading indices were losing ground — Nasdaq slipping 0.41% and closing at 11,000. S&P 500 drawing back 0.25% to 3,954.
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 down, mega cap stocks have released their quarterly earnings reports. Have a look at this rundown.
The electronic funds transfer specialist is trading close to the $208.65 level today, after ending yesterday at $211.26 and dropping 1.24%.
Having set a significant high of $235.42 a month ago, the electronic funds transfer specialist is trading 18.92% lower. The Dow has been doing worse in 2022, it has been passing it by 3.49%. The company has a market cap of $339.71 billion with an average daily volume of 6.99 million shares.
The electronic funds transfer specialist is trading close to the $208.65 level today, after ending yesterday at $211.26 and dropping 1.24%.
Having set a significant high of $235.42 a month ago, the electronic funds transfer specialist is trading 18.92% lower. The Dow has been doing worse in 2022, it has been passing it by 3.49%. The company has a market cap of $339.71 billion with an average daily volume of 6.99 million shares.
Without a clear-cut direction, Walmart is trading around $153.53 and ranging between $152.57 and $153.68.
The warehouse stores chain company now trading 15.53% above its 3-month low of $118.29. So far in 2022, it has been outperforming the Dow by 14.21%. The company's market cap is $416.70 billion with an average daily trading volume of 6.64 million shares.
The DIY home improvement retailer slides down from $318.92 to $318.03, losing 89 cents (0.28%).
Home Depot hit a significant low of $266.58 around 2 months ago, but has since recovered 19.63%. So far in 2022, it has been under-performing the Dow Jones by 13.88%. Home Depot's market cap currently stands at $324.13 billion with an average daily trading volume of 4.62 million shares.