Bullish sentiment arrives following recent earnings figures among stocks

Workday Inc, Ralph Lauren Corp, Medtronic are the ones to read about today.

Markets closed higher yesterday; Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 gained 1.3% and closed at 4,205.45.

3Rd quarter earnings season is mostly over, with Pinduoduo and Booz Allen Hamilton Holding Corporation releasing their earnings reports just this week.

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 were up and stocks have released their quarterly earnings reports. Have a look.

Workday: mixed results

Workday Inc reported earnings results Thursday, with EPS at -0.17 and revenues at $1.68 billion; these results are mixed when compared to a consensus of 1.12 Earnings Per Share and $1.67 billion revenue. Since the release of its earnings report, Workday Inc gained 10.13%.

Workday has posted further gains as part of a 12 day trend that has already seen the stock gain $18.09. Workday pointed in the same direction yesterday: Workday ended Thursday's session at $196.41. yesterday started with an increase to $218.88, but dropped back and closed at $216.07. Daily trading volume (6.62 million shares) increased, making up 360% of the 21-day average (1.84 million).

Ralph Lauren | Extends $4.54 since strong earnings report Thursday

Ralph Lauren was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.9 per share on revenue of $1.54 billion, topping estimates of 0.61 per share on revenue of $1.47 billion.

Though in the midst of a 4 day uptrend, gaining a total of 4.45%, ($6.04), the prevailing bullish trend is beginning to fade following yesterday's downbeat session. An influx of sellers pushed the luxury fashion brand to end the session lower around $112.76, while establishing a $111.93 to $114.55 session range yesterday.

Ralph Lauren hit a significant low of $83.96 around 7 months ago, but has since recovered 35.78%. So far this year, it has been under-performing the S&P by 5.55%. The renowned fashion company's market cap currently stands at $7.44 billion with an average daily volume of 923,227 shares.

Medtronic: mixed results

Medtronic reported earnings results Thursday; with EPS at 1.52 and revenues at $8.54 billion, these results are mixed compared to a consensus of 1.56 Earnings Per Share and $8.25 billion revenue. Since the release of its earnings report, Medtronic lost 6.89%.

Medtronic has lost 10.86% over the last 22 days. yesterday's session continued the recent downtrend: early in yesterday's session, Medtronic dropped to $81 from $83.54 at the end of Thursday, before closing at $81.46. During the session, it lost 2.49%.
Daily trading volume (8.42 million shares) increased, making up 164% of the 21-day average (5.13 million).