Equities

Long Slide For Tech And Consumer Discretionary As Stocks Close Just Off The Daily Lows

Cathie Wood's popular Ark Innovation ETF is now down 35% over the last 3 months, but still up 76% over the past year (vs. 41% for the S&P 500)

Published ET

Sources: ϕpost, Refinitiv data

Sources: ϕpost, Refinitiv data

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QUICK SUMMARY

  • Daily performance of US indices: S&P 500 down -2.14%; Nasdaq Composite down -2.67%; Wilshire 5000 down -2.34%
  • Top performing sectors: energy up 0.06% and health care down -1.00%
  • Bottom performing sectors: consumer discretionary down -3.28% and technology down -2.86%
  • Daily performance of international indices: Europe Stoxx 600 up 0.30%; China CSI 300 down -0.64% and Japan down -0.84% on Thursday morning; UK FTSE 100 up 0.82%

VOLATILITY

  • 1-month at-the-money implied volatility on the S&P 500 at 20.4%, up from 16.8%
  • 1-month at-the-money implied volatility on the Europe Stoxx 600 at 16.0%, up from 14.9%
Sources: ϕpost, Refinitiv dataS&P E-Mini Future Front Month (Intraday Prices) | Source: RefinitivSources: ϕpost, Refinitiv data

WINNERS

  • Curis Inc (CRIS), up 65.5% to $16.27 / YTD price return: +98.7% / 12-Month Price Range: $ .72-13.44
  • ProShares Ultra VIX Short-Term Futures ETF (UVXY), up 26.8% to $6.06 / YTD price return: -43.4% / 12-Month Price Range: $ 3.93-51.00 / Short interest (% of float): 12.2%; days to cover: 0.4
  • Burning Rock Biotech Ltd (BNR), up 14.2% to $29.85 / YTD price return: +29.2% / 12-Month Price Range: $ 18.64-39.75
  • FuboTV Inc (FUBO), up 9.7% to $19.38 / YTD price return: -30.8% / 12-Month Price Range: $ 8.12-62.29 / Short interest (% of float): 16.6%; days to cover: 1.1 (the stock is currently on the short sale restriction list)
  • Abcellera Biologics Inc (ABCL), up 8.7% to $30.72 / YTD price return: -23.7% / 12-Month Price Range: $ 23.20-71.91
  • UWM Holdings Corp (UWMC), up 8.7% to $7.38 / YTD price return: -43.8% / 12-Month Price Range: $ 6.25-14.38 / Short interest (% of float): 13.2%; days to cover: 2.4
  • CVR Energy Inc (CVI), up 8.5% to $22.77 / YTD price return: +52.8% / 12-Month Price Range: $ 9.81-27.02
  • Intercorp Financial Services Inc (IFS), up 8.3% to $29.43 / 12-Month Price Range: $ 19.23-35.96 / Short interest (% of float): 0.1%; days to cover: 1.3
  • ProShares UltraPro Short QQQ (SQQQ), up 7.8% to $13.06 / YTD price return: -14.0% / 12-Month Price Range: $ 10.44-59.70 / Short interest (% of float): 6.7%; days to cover: 0.1
  • Pershing Square Tontine Holdings Ltd (PSTH), up 7.7% to $24.38 / YTD price return: -12.0% / 12-Month Price Range: $ 21.50-34.10 / Short interest (% of float): 2.9%; days to cover: 2.6

LOSERS

  • Array Technologies Inc (ARRY), down 46.1% to $13.46 / YTD price return: -68.8% / 12-Month Price Range: $ 23.14-54.78 (the stock is currently on the short sale restriction list)
  • SelectQuote Inc (SLQT), down 20.1% to $21.90 / YTD price return: +5.5% / 12-Month Price Range: $ 15.76-33.00 / Short interest (% of float): 4.9%; days to cover: 3.2 (the stock is currently on the short sale restriction list)
  • Grocery Outlet Holding Corp (GO), down 18.5% to $33.03 / YTD price return: -15.8% / 12-Month Price Range: $ 31.81-48.87 (the stock is currently on the short sale restriction list)
  • Lemonade Inc (LMND), down 18.5% to $60.17 / YTD price return: -50.9% / 12-Month Price Range: $ 44.11-188.30 / Short interest (% of float): 21.9%; days to cover: 4.2 (the stock is currently on the short sale restriction list)
  • Wix.Com Ltd (WIX), down 17.3% to $239.68 / YTD price return: -4.1% / 12-Month Price Range: $ 162.18-362.07 (the stock is currently on the short sale restriction list)
  • Lumentum Holdings Inc (LITE), down 16.9% to $68.24 / YTD price return: -28.0% / 12-Month Price Range: $ 66.33-112.08 (the stock is currently on the short sale restriction list)
  • Revolve Group Inc (RVLV), down 16.3% to $41.97 / YTD price return: +34.6% / 12-Month Price Range: $ 12.90-59.92 / Short interest (% of float): 12.7%; days to cover: 4.3 (the stock is currently on the short sale restriction list)
  • Futu Holdings Ltd (FUTU), down 14.8% to $109.02 / YTD price return: +138.3% / 12-Month Price Range: $ 12.22-204.25 (the stock is currently on the short sale restriction list)
  • Ocugen Inc (OCGN), down 13.0% to $8.61 / 12-Month Price Range: $ .17-18.77 / Short interest (% of float): 18.0%; days to cover: 1.3 (the stock is currently on the short sale restriction list)
  • Opendoor Technologies Inc (OPEN), down 13.0% to $15.18 / YTD price return: -33.2% / 12-Month Price Range: $ 10.55-39.24 (the stock is currently on the short sale restriction list)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

NEW IPOs ANNOUNCED OR PRICED

  • Hedosophia European Growth / France - Financials / Listing Exchange: - / Ticker: N/A / Gross proceeds (including overallotment): US$ 557.93m (offering in EURO) / Bookrunners: Goldman Sachs International
  • Parts Holding Europe SAS / France - Financials / Listing Exchange: Euro Paris / Ticker: - / Gross proceeds (including overallotment): US$ 545.81m (offering in EURO) / Bookrunners: not announced yet
  • Beijing Yunshan World Message Technology Co Ltd / China - Retail / Listing Exchange: No Listing / Ticker: - / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: not announced yet
  • Montana Aerospace AG / Switzerland - Industrials / Listing Exchange: Swiss Exch / Ticker: AERO / Gross proceeds (including overallotment): US$ 486.89m (offering in Swiss Franc) / Bookrunners: Zuercher Kantonalbank, Commerzbank AG, Joh Berenberg Gossler & Co KG(London Branch)
  • Global-E Online Ltd / Israel - High Technology / Listing Exchange: Nasdaq / Ticker: GLBE / Gross proceeds (including overallotment): US$ 375.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Jefferies LLC, Morgan Stanley & Co LLC
  • Jiangxi Jovo Energy Co Ltd / China - Energy and Power / Listing Exchange: Shanghai / Ticker: 605090 / Gross proceeds (including overallotment): US$ 312.33m (offering in Chinese Yuan) / Bookrunners: China International Capital Corp
  • SF Real Estate Investment Trust / Hong Kong - Real Estate / Listing Exchange: Hong Kong / Ticker: 2191 / Gross proceeds (including overallotment): US$ 249.60m (offering in Hong Kong Dollar) / Bookrunners: DBS Asia Capital Ltd, Credit Suisse (Hong Kong) Ltd, JP Morgan Securities Plc
  • LTV Capital Partners I / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: LTVAU / Gross proceeds (including overallotment): US$ 215.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

  • carsales.com Ltd / Australia - High Technology / Listing Exchange: Australia / Ticker: CRZ / Gross proceeds (including overallotment): US$ 470.32m (offering in Australian Dollar) / Bookrunners: Morgan Stanley Australia Securities Ltd, Goldman Sachs Australia Pty Ltd
  • KNT-CT Holdings Co Ltd / Japan - Consumer Products and Services / Listing Exchange: Tokyo 1 / Ticker: 9726 / Gross proceeds (including overallotment): US$ 230.18m (offering in Japanese Yen) / Bookrunners: Directly Placed
  • Antares Vision SpA / Italy - High Technology / Listing Exchange: Milan STAR / Ticker: AV / Gross proceeds (including overallotment): US$ 142.47m (offering in EURO) / Bookrunners: Mediobanca-Banca di Credito Finanziario SpA, Equita SIM SpA, Morgan Stanley & Co International PLC, JP Morgan AG