QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.27%; Nasdaq Composite down -0.48%; Wilshire 5000 up 0.15%
• Top performing sectors: energy up 2.91% and materials up 1.53%
• Bottom performing sectors: consumer discretionary down -0.66% and real estate down -0.48%
• Berkshire Hathaway (BRK-B) Quarterly EPS beat ($3.05 actual vs $2.53 mean estimate)
• Estée Lauder (EL) Q3 revenue miss, EPS beat on cost control
• According to FactSet's Earnings Insight report, "86.0% of reporters have surpassed consensus EPS expectations, (..) a record high".
• That is not entirely surprising, as CEOs made sure to dramatically lowered their forecasts during the early phase of the pandemic, setting themselves up for easy future beats.

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 14.3%, up from 13.9%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.4%, up from 12.9%

NOTABLE WINNERS

• Brooklyn Immunotherapeutics Inc (BTX), up 57.6% to $78.50 / YTD price return: +1,652.2% / 12-Month Price Range: $ 1.88-59.59 / Short interest (% of float): 2.9%; days to cover: 0.3 (the stock is currently on the short sale restriction list)
• Ocugen Inc (OCGN), up 23.8% to $15.68 / YTD price return: +756.8% / 12-Month Price Range: $0.17-18.77 / Short interest (% of float): 18.0%; days to cover: 1.3
• SEMrush Holdings Inc (SEMR), up 16.8% to $19.21 / 12-Month Price Range: $ 10.62-18.12 / Short interest (% of float): 0.7%; days to cover: 0.1
• PBF Energy Inc (PBF), up 14.7% to $16.26 / 12-Month Price Range: $ 4.06-18.78 / Short interest (% of float): 11.7%; days to cover: 3.0
• Danaos Corp (DAC), up 13.5% to $61.62 / YTD price return: +187.5% / 12-Month Price Range: $ 3.33-57.64 / Short interest (% of float): 11.2%; days to cover: 2.2
• Meredith Corp (MDP), up 13.2% to $35.21 / YTD price return: +83.4% / 12-Month Price Range: $ 10.01-37.50 / Short interest (% of float): 8.2%; days to cover: 7.3
• Gray Television Inc (GTNa), up 12.9% to $21.06 / 12-Month Price Range: $ 11.07-20.15 / Short interest (% of float): 0.0%; days to cover: 0.7
• Nexgen Energy Ltd (NXE), up 12.9% to $4.29 / YTD price return: +55.4% / 12-Month Price Range: $ 1.22-4.38 / Short interest (% of float): 3.6%; days to cover: 6.5
• Star Bulk Carriers Corp (SBLK), up 12.8% to $21.01 / YTD price return: +137.9% / 12-Month Price Range: $ 3.86-18.98 / Short interest (% of float): 0.7%; days to cover: 0.5
• Altus Midstream Co (ALTM), up 12.2% to $67.29 / 12-Month Price Range: $ 9.40-62.00 / Short interest (% of float): 5.0%; days to cover: 4.8  

NOTABLE LOSERS

• Mind Medicine (MindMed) Inc (MNMD), down 18.4% to $3.19 / YTD price return: +4.6% / 12-Month Price Range: $0.29-5.77 / Short interest (% of float): 0.2%; days to cover: 0.3 (the stock is currently on the short sale restriction list)
• Novavax Inc (NVAX), down 17.6% to $195.12 / YTD price return: +75.0% / 12-Month Price Range: $ 16.75-331.68 / Short interest (% of float): 6.5%; days to cover: 1.4 (the stock is currently on the short sale restriction list)
• Ehang Holdings Ltd (EH), down 16.9% to $23.19 / YTD price return: +9.9% / 12-Month Price Range: $ 7.59-129.80 / Short interest (% of float): 9.4%; days to cover: 1.1 (the stock is currently on the short sale restriction list)
• Twist Bioscience Corp (TWST), down 10.1% to $120.66 / YTD price return: -14.6% / 12-Month Price Range: $ 31.01-214.07 / Short interest (% of float): 8.5%; days to cover: 3.3 (the stock is currently on the short sale restriction list)
• Eargo Inc (EAR), down 9.4% to $51.87 / 12-Month Price Range: $ 32.58-76.75 / Short interest (% of float): 9.3%; days to cover: 10.2
• MicroVision Inc (MVIS), down 9.1% to $13.86 / YTD price return: +157.6% / 12-Month Price Range: $ .55-28.00 / Short interest (% of float): 20.1%; days to cover: 2.5 (the stock is currently on the short sale restriction list)
• Virgin Galactic Holdings Inc (SPCE), down 9.1% to $20.14 / YTD price return: -15.1% / 12-Month Price Range: $ 14.21-62.80 / Short interest (% of float): 15.1%; days to cover: 2.1
• UP Fintech Holding Ltd (TIGR), down 9.0% to $19.44 / YTD price return: +144.8% / 12-Month Price Range: $ 2.63-38.50 / Short interest (% of float): 4.8%; days to cover: 0.5 (the stock is currently on the short sale restriction list)
• View Inc (VIEW), down 8.8% to $7.95 / YTD price return: -27.9% / 12-Month Price Range: $ 6.52-13.31 / Short interest (% of float): 3.5%; days to cover: 5.2
• Pacific Biosciences of California Inc (PACB), down 8.6% to $27.27 / YTD price return: +5.1% / 12-Month Price Range: $ 3.16-53.69 / Short interest (% of float): 6.1%; days to cover: 3.0

EQUITY ISSUANCE: NOTABLE FOLLOW-ONS

• 1847 Goedeker Inc / United States of America - Retail / Listing Exchange: New York / Ticker: GOED / Gross proceeds (including overallotment): US$ 205.00m (offering in U.S. Dollars) / Bookrunners: BofA Securities