Bullish sentiment arrives following recent earnings figures among stocks

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

Leading equity indices in the US rose as Nasdaq ended the session at 12,976 after a 2.19% gain. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

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

Workday: mixed results

Workday Inc reported earnings results yesterday, 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. today's session pointed in the same direction — after ending yesterday's session at $196.41, Workday went up to $218.88 today only to fall back and close at $216.07. Daily trading volume (6.62 million shares) was above the current multiday average of 1.84 million.

Ralph Lauren | Retains upward momentum since earnings report yesterday

Ralph Lauren was down, even though its quarterly earnings released on yesterday 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 today's downbeat session. An influx of sellers pushed the luxury fashion brand to session lows around $111.93 while establishing a $111.93 to $114.55 session range today. Ralph Lauren's recent uptrend could be petering out after the company eclipsed its average daily volume of 923,227 by 142% today.

Medtronic: mixed results

Medtronic reported inconclusive earnings results yesterday, with revenue at $8.54 billion, compared to a consensus of $8.25 billion. Since the release of its earnings report, Medtronic lost 6.89%.

Medtronic's bearish run has lasted 22 days so far (-$7.84). today's session continued the recent downtrend: after ending yesterday at $83.54, Medtronic dropped to $81 early in today's session and closed at $81.46. In total, it lost 2.49%. Daily trading volume (8.42 million shares) was higher than the current multiday average of 5.13 million.