QUICK SUMMARY

• Daily performance of US indices: S&P 500 down -0.08%; Nasdaq Composite down -0.48%; Wilshire 5000 down -0.05%
• Top performing sectors: financials up 0.90% and utilities up 0.54%
• Bottom performing sectors: consumer discretionary down -0.59% and technology down -0.52%
• Daily performance of international indices: Europe Stoxx 600 up 0.57%; China CSI 300 down -1.01%; Japan up 0.46%; UK FTSE 100 down -0.02%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 14.3%, down from 15.0%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 14.0%, down from 15.2%

NOTABLE S&P 500 EARNINGS RELEASES

• Discover Financial Services (Financials): beat on EPS (5.04 act. vs. 2.82 est.) and beat on revenue (2,795m act. vs. 2,772m est.)
• ViacomCBS Inc (Consumer Cyclicals): beat on EPS (1.52 act. vs. 1.22 est.) and beat on revenue (7,412m act. vs. 7,302m est.)

TOP WINNERS

• Gracell Biotechnologies Inc (GRCL), up 20.7% to $17.61 / 12-Month Price Range: $ 9.75-33.70 / Short interest (% of float): 0.6%; days to cover: 3.9
• BRF SA (BRFS), up 15.8% to $5.05 / YTD price return: +20.2% / 12-Month Price Range: $ 2.85-4.84 / Short interest (% of float): 0.8%; days to cover: 2.5
• Hims & Hers Health Inc (HIMS), up 12.2% to $12.81 / YTD price return: -12.3% / 12-Month Price Range: $ 8.09-25.40 / Short interest (% of float): 8.3%; days to cover: 7.9
• Purecycle Technologies Inc (PCT), up 11.9% to $17.74 / YTD price return: +10.0% / 12-Month Price Range: $ 9.76-35.75 / Short interest (% of float): 4.2%; days to cover: 3.8
• Oatly Group AB (publ) (OTLY), up 11.2% to $22.46 / 12-Month Price Range: $ 19.99-22.74
• Recursion Pharmaceuticals Inc (RXRX), up 11.0% to $25.25 / 12-Month Price Range: $ 19.68-35.78 / Short interest (% of float): 1.1%; days to cover: 1.3
• Upstart Holdings Inc (UPST), up 10.6% to $153.85 / YTD price return: +277.5% / 12-Month Price Range: $ 22.61-165.66
• LendingClub Corp (LC), up 9.7% to $13.81 / 12-Month Price Range: $ 4.32-22.68
• Privia Health Group Inc (PRVA), up 9.1% to $32.81 / 12-Month Price Range: $ 27.15-39.58
• 3D Systems Corp (DDD), up 8.8% to $27.14 / YTD price return: +159.0% / 12-Month Price Range: $ 4.60-56.50

BIGGEST LOSERS

• GSX Techedu Inc (GOTU), down 11.9% to $21.66 / YTD price return: -58.2% / 12-Month Price Range: $ 19.39-149.05 / Short interest (% of float): 12.7%; days to cover: 1.0 (the stock is currently on the short sale restriction list)
• Cullinan Oncology Inc (CGEM), down 10.6% to $27.19 / 12-Month Price Range: $ 27.01-59.85 / Short interest (% of float): 6.1%; days to cover: 6.5 (the stock is currently on the short sale restriction list)
• TAL Education Group (TAL), down 10.5% to $42.93 / YTD price return: -40.0% / 12-Month Price Range: $ 44.13-90.96 (the stock is currently on the short sale restriction list)
• Mind Medicine (MindMed) Inc (MNMD), down 9.7% to $3.43 / YTD price return: +12.5% / 12-Month Price Range: $ .29-5.77 / Short interest (% of float): 0.9%; days to cover: 0.4 (the stock is currently on the short sale restriction list)
• Canaan Inc (CAN), down 9.2% to $7.97 / YTD price return: +34.4% / 12-Month Price Range: $ 1.76-39.10
• VF Corp (VFC), down 8.9% to $77.24 / YTD price return: -9.6% / 12-Month Price Range: $ 54.46-90.79
• Seer Inc (SEER), down 8.0% to $28.89 / 12-Month Price Range: $ 26.48-86.55 / Short interest (% of float): 8.9%; days to cover: 7.5
• Luminar Technologies Inc (LAZR), down 7.6% to $21.41 / YTD price return: -37.0% / 12-Month Price Range: $ 9.95-47.80 / Short interest (% of float): 17.5%; days to cover: 4.6
• Valneva SE (VALN), down 7.1% to $28.16 / 12-Month Price Range: $ 26.56-31.33
• Plby Group Inc (PLBY), down 7.0% to $42.47 / 12-Month Price Range: $ 9.85-63.04 / Short interest (% of float): 17.1%; days to cover: 0.7

NEW IPOs ANNOUNCED OR PRICED

• dentalcorp Holdings Ltd / Canada - High Technology / Listing Exchange: Toronto / Ticker: DNTL / Gross proceeds (including overallotment): US$ 580.53m (offering in Canadian Dollar) / Bookrunners: TD Securities Inc, CIBC World Markets Inc, BMO Nesbitt Burns Inc, Jefferies LLC
• Revo SpA / Italy - Financials / Listing Exchange: AIMIT / Ticker: NA / Gross proceeds (including overallotment): US$ 268.97m (offering in EURO) / Bookrunners: UBS Investment Bank, IMI - Intesa Sanpaolo, Equita SIM SpA

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Mapletree Industrial Trust / Singapore - Real Estate / Listing Exchange: Singapore / Ticker: ME8U / Gross proceeds (including overallotment): US$ 385.41m (offering in Singapore Dollar) / Bookrunners: Oversea-Chinese Banking Corp Ltd, Merrill Lynch(Singapore)Pte Ltd, DBS Bank Ltd
• Diversified Energy Co PLC / United States of America - Energy and Power / Listing Exchange: London / Ticker: DEC / Gross proceeds (including overallotment): US$ 215.18m (offering in British Pound) / Bookrunners: Credit Suisse, Shard Capital Partners LLP, Stifel Nicolaus Europe Ltd