SO and MA stocks rise after Q2 results: 2 stocks to explore in August?

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SO and MA stocks rise after Q2 results: 2 stocks to explore in August?

 SO and MA stocks rise after Q2 results: 2 stocks to explore in August?
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Highlights:

  • Southern Company's (NYSE: SO) operating revenue increased by about US$ 2.00 billion year-over-year (YoY) in Q2 FY22.
  • MA stock soared following its second-quarter earnings release.
  • Mastercard's revenue grew at 21 per cent YoY in Q2 FY22.

Stocks of The Southern Company (NYSE: SO) and Mastercard Incorporated (NYSE: MA) began trending on the stock markets on Thursday, July 28, amid their earnings release.

The last week of July is one of the crucial weeks for the market, with several key economic data and major earnings rolling out. Market giants like Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc. (NASDAQ: GOOG), Meta Platforms, Inc. (NASDAQ: META), etc have already reported their earnings.

Let's look at SO and MA stocks' earnings in Q2 FY22.

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Southern Company (NYSE: SO)

Stocks of the gas and electric utility holding firm traded flat in the pre-market following its earnings release on Thursday.

Southern Company's total operating revenue came in at US$ 7.20 billion in Q2 FY22, up by about US$ 2.00 billion from US$ 5.19 billion in the June quarter of 2021.

Its net income was US$ 1.10 billion, or US$ 1.04 per basic share, in the second quarter of fiscal 2022. In Q2 FY21, its net income was US$ 372 million, or US$ 0.35 per basic share.

Notably, the Atlanta, Georgia-based company reported a regular quarterly dividend of US$ 0.68 (payable on September 6, 2022) on July 18, 2022.

SO stock returned gains of 6.82 per cent this year while soaring 13.51 per cent over the past 12 months.

Mastercard Incorporated (NYSE: MA)

MA stock soared 1.73 per cent at 9:13 am ET to trade at US$ 349.20 on July 28, following its quarterly earnings release.

The financial services firm reported a 21 per cent increase in its net revenue of US$ 5.5 billion in the second quarter of fiscal 2022, compared to US$ 4.5 billion in Q2 FY21.

Mastercard's net income was US$ 2.3 billion in Q2 FY22, up by 10 per cent from US$ 2.1 billion in the year-ago period. Its diluted earnings per share (EPS) was US$ 2.34 apiece, up 13 per cent from US$ 2.08 in Q2 FY21.

Although MA stock declined this year as well as on an annual basis, declining 4.46 per cent year-to-date (YTD) and 12.04 per cent year-over-year (YoY), it gained 8.80 per cent this month.

Mastercard announced a quarter-based dividend of US$ 0.49 on June 20 (payable on August 9).

Bottom line:

The market witnessed a notable growth in the previous trading session on July 27, following Fed's decision on interest rates

The decision was in tandem with the market's expectations, hence the investors seem to have pushed the market higher with their risk bet appetite. However, if the volatility persists, investors should ideally keep a close watch on the economic data and earnings in the coming days.

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