Equities

US Market Indices Rise, With All Sectors Of the S&P 1500 In The Green

In earnings news, Moody's had a blowout quarter with the huge amount of debt financing in the market, while hotel chain Hilton missed revenue by 20%

Published ET

Market Capitalization Of The DOW JONES COMPOSITE AVERAGE| Sources: ϕpost, Refinitiv data

Market Capitalization Of The DOW JONES COMPOSITE AVERAGE| Sources: ϕpost, Refinitiv data

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QUICK SUMMARY

  • Daily performance of US indices: S&P 500 up 0.82%; Nasdaq Composite up 0.37%; Wilshire 5000 up 0.48%
  • Top performing sectors: financials up 1.43% and consumer staples up 1.33%
  • Bottom performing sectors: health care up 0.07% and consumer discretionary up 0.32%
  • Daily performance of international indices: Europe Stoxx 600 down -0.12%; Japan up 0.18%; UK FTSE 100 up 0.52%

VOLATILITY

  • 1-month at-the-money implied volatility on the S&P 500 at 13.7%, down from 14.6%
  • 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.8%, up from 13.5%
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

NOTABLE S&P 500 EARNINGS RELEASES

  • Mastercard Inc (Technology): beat on EPS (1.74 act. vs. 1.57 est.) and beat on revenue (4,155m act. vs. 3,993m est.)
  • Lowe's Companies Inc (Consumer Cyclicals): beat on EPS (1.33 act. vs. 1.21 est.) and beat on revenue (20,311m act. vs. 19,481m est.)
  • Bristol-Myers Squibb Co (Healthcare): missed on EPS (1.74 act. vs. 1.82 est.) and missed on revenue (11,073m act. vs. 11,120m est.)
  • Intuitive Surgical Inc (Healthcare): beat on EPS (3.52 act. vs. 2.63 est.) and beat on revenue (1,292m act. vs. 1,112m est.)
  • Fiserv Inc (Industrials): beat on EPS (1.17 act. vs. 1.13 est.) and missed on revenue (3,557m act. vs. 3,567m est.)
  • Equinix Inc (Real Estate): beat on EPS (1.74 act. vs. 1.71 est.) and missed on revenue (1,596m act. vs. 1,597m est.)
  • Moody's Corp (Financials): beat on EPS (4.06 act. vs. 2.82 est.) and beat on revenue (1,600m act. vs. 1,433m est.)
  • Edwards Lifesciences Corp (Healthcare): beat on EPS (0.54 act. vs. 0.47 est.) and beat on revenue (1,217m act. vs. 1,164m est.)
  • Carrier Global Corp (Industrials): beat on EPS (0.48 act. vs. 0.37 est.) and beat on revenue (4,699m act. vs. 4,370m est.)
  • Hilton Worldwide Holdings Inc (Consumer Cyclicals): missed on EPS (0.02 act. vs. 0.08 est.) and missed on revenue (874m act. vs. 1,099m est.)

TOP WINNERS

  • Avid Technology Inc (AVID), up 27.1% to $27.59 / YTD price return: +73.9% / 12-Month Price Range: $ 4.67-24.47
  • WW International Inc (WW), up 25.9% to $34.73 / YTD price return: +42.3% / 12-Month Price Range: $ 17.75-37.35
  • BioCryst Pharmaceuticals Inc (BCRX), up 21.0% to $12.92 / YTD price return: +73.4% / 12-Month Price Range: $ 3.30-14.24
  • At Home Group Inc (HOME), up 20.5% to $37.70 / YTD price return: +143.8% / 12-Month Price Range: $ 2.17-34.76 / Short interest (% of float): 8.9%; days to cover: 3.1
  • Acushnet Holdings Corp (GOLF), up 20.1% to $51.55 / YTD price return: +27.2% / 12-Month Price Range: $ 26.13-47.68 / Short interest (% of float): 5.2%; days to cover: 6.6
  • Sally Beauty Holdings Inc (SBH), up 20.0% to $24.32 / YTD price return: +86.5% / 12-Month Price Range: $ 8.28-21.91
  • Hecla Mining Co (HL), up 16.6% to $7.29 / YTD price return: +12.5% / 12-Month Price Range: $ 2.30-8.45 / Short interest (% of float): 1.9%; days to cover: 1.2
  • Ambev SA (ABEV), up 11.8% to $3.12 / YTD price return: +2.0% / 12-Month Price Range: $ 1.90-3.20 / Short interest (% of float): 2.0%; days to cover: 4.2
  • Sunrun Inc (RUN), up 11.7% to $46.73 / YTD price return: -32.6% / 12-Month Price Range: $ 12.65-100.93
  • Newmark Group Inc (NMRK), up 11.5% to $12.05 / YTD price return: +65.3% / 12-Month Price Range: $ 3.22-11.45

BIGGEST LOSERS

  • Purecycle Technologies Inc (PCT), down 39.7% to $14.83 / YTD price return: -8.1% / 12-Month Price Range: $ 9.76-35.75 (the stock is currently on the short sale restriction list)
  • Fastly Inc (FSLY), down 27.1% to $42.31 / YTD price return: -51.6% / 12-Month Price Range: $ 22.62-136.50 / Short interest (% of float): 20.6%; days to cover: 5.2 (the stock is currently on the short sale restriction list)
  • James River Group Holdings Ltd (JRVR), down 26.4% to $34.23 / YTD price return: -30.4% / 12-Month Price Range: $ 28.03-57.41 (the stock is currently on the short sale restriction list)
  • Quotient Technology Inc (QUOT), down 25.1% to $12.64 / YTD price return: +34.2% / 12-Month Price Range: $ 5.28-17.93 / Short interest (% of float): 3.0%; days to cover: 2.7 (the stock is currently on the short sale restriction list)
  • 10X Genomics Inc (TXG), down 21.0% to $144.45 / YTD price return: +2.0% / 12-Month Price Range: $ 72.04-203.25 (the stock is currently on the short sale restriction list)
  • Home Point Capital Inc (HMPT), down 17.7% to $7.72 / 12-Month Price Range: $ 9.05-13.15 (the stock is currently on the short sale restriction list)
  • Rocket Companies Inc (RKT), down 16.6% to $19.01 / YTD price return: -1.6% / 12-Month Price Range: $ 16.73-41.10 / Short interest (% of float): 7.6%; days to cover: 0.6 (the stock is currently on the short sale restriction list)
  • Amyris Inc (AMRS), down 16.2% to $11.41 / YTD price return: +84.8% / 12-Month Price Range: $ 1.88-23.42 (the stock is currently on the short sale restriction list)
  • Grand Canyon Education Inc (LOPE), down 16.0% to $89.77 / YTD price return: -3.6% / 12-Month Price Range: $ 75.64-115.96 (the stock is currently on the short sale restriction list)
  • Redfin Corp (RDFN), down 15.7% to $52.43 / YTD price return: -23.6% / 12-Month Price Range: $ 20.28-98.45 (the stock is currently on the short sale restriction list)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

NEW IPOs ANNOUNCED OR PRICED

  • Pepco Group BV / United Kingdom - Retail / Listing Exchange: Warsaw / Ticker: N/A / Gross proceeds (including overallotment): US$ 1,133.82m (offering in Polish Zloty) / Bookrunners: Powszechna Kasa Oszczednosci Bank Polski SA, Barclays Bank (Ireland), Santander Bank Polska SA, JP Morgan AG, Goldman Sachs Bank Europe SE
  • Guangzhou Quwan Network Technology Co Ltd / China - High Technology / Listing Exchange: No Listing / Ticker: - / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar)

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

  • James River Group Holdings Ltd / Bermuda - Financials / Listing Exchange: Nasdaq / Ticker: JRVR / Gross proceeds (including overallotment): US$ 175.15m (offering in U.S. Dollar) / Bookrunners: Keefe Bruyette & Woods Inc, Barclays Capital Inc
  • Media & Games Invest PLC / Malta - Financials / Listing Exchange: FirNoStock / Ticker: M8G / Gross proceeds (including overallotment): US$ 106.15m (offering in Swedish Krona) / Bookrunners: Swedbank, Carnegie Investment Bank AB, Jefferies LLC