QUICK SUMMARY

• Daily performance of US indices: S&P 500 down -0.85%; Nasdaq Composite down -0.56%; Wilshire 5000 down -0.70%
• Top performing sectors: real estate up 0.17% and health care up 0.05%
• Bottom performing sectors: energy down -2.63% and industrials down -1.47%
• Daily performance of international indices: Europe Stoxx 600 up 0.17%; China CSI 300 down -0.32%; Japan down -0.66%; UK FTSE 100 up 0.02%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 15.9%, up from 14.7%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 14.0%, down from 14.5%

NOTABLE S&P 500 EARNINGS RELEASES

• Twitter Inc (Technology): beat on EPS (0.16 act. vs. 0.14 est.) and beat on revenue (1,036m act. vs. 1,027m est.)
• State Street Corp (Financials): beat on EPS (1.47 act. vs. 1.35 est.) and beat on revenue (2,950m act. vs. 2,875m est.)
• Hess Corp (Energy): beat on EPS (0.82 act. vs. 0.34 est.) and beat on revenue (1,919m act. vs. 1,544m est.)
• W R Berkley Corp (Financials): beat on EPS (1.08 act. vs. 0.81 est.) and missed on revenue (1,850m act. vs. 2,114m est.)

TOP WINNERS

• Lordstown Motors Corp (RIDE), up 20.1% to $10.09 / YTD price return: -49.7% / 12-Month Price Range: $ 6.69-31.80 / Short interest (% of float): 28.2%; days to cover: 4.3
• Legend Biotech Corp (LEGN), up 14.2% to $35.30 / YTD price return: +25.4% / 12-Month Price Range: $ 23.41-43.24
• California Resources Corp (CRC), up 13.9% to $28.70 / YTD price return: +21.7% / 12-Month Price Range: $ 10.99-28.10 / Short interest (% of float): 1.0%; days to cover: 3.0
• Tuya Inc (TUYA), up 13.4% to $21.50 / 12-Month Price Range: $ 15.70-27.65 / Short interest (% of float): 0.6%; days to cover: 1.4
• Nano-X Imaging Ltd (NNOX), up 12.5% to $24.27 / YTD price return: -46.8% / 12-Month Price Range: $ 19.05-94.81 / Short interest (% of float): 14.4%; days to cover: 1.7
• Danimer Scientific Inc (DNMR), up 11.5% to $19.84 / YTD price return: -15.6% / 12-Month Price Range: $ 9.60-66.30 / Short interest (% of float): 18.1%; days to cover: 3.9
• Kinnate Biopharma Inc (KNTE), up 11.3% to $25.88 / YTD price return: -34.9% / 12-Month Price Range: $ 21.27-48.75 / Short interest (% of float): 6.3%; days to cover: 7.1
• Cullinan Oncology Inc (CGEM), up 10.6% to $31.37 / 12-Month Price Range: $ 27.01-59.85 / Short interest (% of float): 6.1%; days to cover: 6.5
• Quantumscape Corp (QS), up 10.4% to $30.57 / YTD price return: -63.8% / 12-Month Price Range: $ 9.74-132.73 / Short interest (% of float): 17.2%; days to cover: 2.1
• iQIYI Inc (IQ), up 10.3% to $13.95 / YTD price return: -20.2% / 12-Month Price Range: $ 12.14-28.97 / Short interest (% of float): 9.5%; days to cover: 1.2

BIGGEST LOSERS

• Telos Corp (TLS), down 14.4% to $29.66 / YTD price return: -10.1% / 12-Month Price Range: $ 18.08-41.84 / Short interest (% of float): 2.3%; days to cover: 1.2 (the stock is currently on the short sale restriction list)
• Sun Country Airlines Holdings Inc (SNCY), down 11.7% to $35.10 / 12-Month Price Range: $ 31.02-44.13 / Short interest (% of float): 0.8%; days to cover: 1.4 (the stock is currently on the short sale restriction list)
• Vodafone Group PLC (VOD), down 9.2% to $18.37 / YTD price return: +11.5% / 12-Month Price Range: $ 13.14-20.36 / Short interest (% of float): 0.4%; days to cover: 3.6
• Kymera Therapeutics Inc (KYMR), down 8.6% to $40.86 / YTD price return: -34.1% / 12-Month Price Range: $ 25.43-91.92 / Short interest (% of float): 5.8%; days to cover: 4.9
• RPC Inc (RES), down 7.9% to $5.51 / YTD price return: +74.9% / 12-Month Price Range: $ 2.23-7.43 / Short interest (% of float): 11.4%; days to cover: 8.2
• Axon Enterprise Inc (AXON), down 7.6% to $123.43 / YTD price return: +.7% / 12-Month Price Range: $ 71.21-212.37
• Cimpress PLC (CMPR), down 7.2% to $96.28 / YTD price return: +9.7% / 12-Month Price Range: $ 68.27-128.87 / Short interest (% of float): 3.1%; days to cover: 9.0
• Endeavor Group Holdings Inc (EDR), down 7.1% to $29.38 / 12-Month Price Range: $ 23.25-33.20
• Bio Rad Laboratories Inc (BIOb), down 6.5% to $74.39 / 12-Month Price Range: $ 17.87-79.87 / Short interest (% of float): 6.7%; days to cover: 5.4

NEW IPOs ANNOUNCED OR PRICED

• Huitongda Network Co Ltd / China - Industrials / Listing Exchange: Hong Kong / Ticker: deal just announced for the moment / Gross proceeds (including overallotment): US$ 1,000.00m (offering in U.S. Dollar)
• Jiangsu Boiln Plastics Co Ltd / China - Materials / Listing Exchange: ShenzChNxt / Ticker: - / Gross proceeds (including overallotment): US$ 126.42m (offering in Chinese Yuan) / Bookrunners: Shengang Securities Co Ltd

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Li Ning Co Ltd / China - Consumer Products and Services / Listing Exchange: Hong Kong / Ticker: 2331 / Gross proceeds (including overallotment): US$ 491.35m (offering in Hong Kong Dollar) / Bookrunners: JP Morgan Securities (Asia) Ltd (Hong Kong)
• New China Life Insurance Co Ltd / China - Financials / Listing Exchange: Hong Kong / Ticker: 1336 / Gross proceeds (including overallotment): US$ 292.73m (offering in Hong Kong Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co, Hongkong & Shanghai Banking Corp Ltd
• Charter Hall Long WALE REIT / Australia - Real Estate / Listing Exchange: Australia / Ticker: CLW / Gross proceeds (including overallotment): US$ 177.55m (offering in Australian Dollar) / Bookrunners: Citigroup Global Markets Australia, Morgan Stanley Australia Securities Ltd
• Befesa SA / Spain - Energy and Power / Listing Exchange: Frankfurt / Ticker: BFSA / Gross proceeds (including overallotment): US$ 121.06m (offering in EURO) / Bookrunners: Joh. Berenberg, Gossler & Co KG (London Branch)