QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.19%; Nasdaq Composite up 0.59%; Wilshire 5000 up 0.48%
• Top performing sectors: energy up 0.93% and consumer discretionary up 0.90%
• Bottom performing sectors: health care down -0.56% and consumer staples down -0.18%
• Daily performance of international indices: Europe Stoxx 600 unchanged; China CSI 300 unchanged; Japan down -0.53%; UK FTSE 100 down -0.04%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 12.4%, down from 13.4%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.0%, up from 12.9%

NOTABLE S&P 500 EARNINGS RELEASES

• Dexcom Inc (Healthcare): beat on EPS (0.33 act. vs. 0.30 est.) and beat on revenue (505m act. vs. 484m est.)
• NVR Inc (Consumer Cyclicals): beat on EPS (63.21 act. vs. 63.01 est.) and missed on revenue (1,964m act. vs. 2,076m est.)

TOP WINNERS

• Paymentus Holdings Inc (PAY), up 36.2% to $28.61 on its first day of trading
• Owens & Minor Inc (OMI), up 36.2% to $44.12 / YTD price return: +63.1% / 12-Month Price Range: $ 6.92-39.45 / Short interest (% of float): 8.2%; days to cover: 6.9
• AMC Entertainment Holdings Inc (AMC), up 19.2% to $19.56 / YTD price return: +822.6% / 12-Month Price Range: $ 1.91-20.36 / Short interest (% of float): 19.5%; days to cover: 1.6
• Skyline Champion Corp (SKY), up 18.9% to $52.04 / YTD price return: +68.2% / 12-Month Price Range: $ 21.31-47.92 / Short interest (% of float): 1.6%; days to cover: 2.4
• Dick's Sporting Goods Inc (DKS), up 16.9% to $98.40 / YTD price return: +75.1% / 12-Month Price Range: $ 33.66-91.80 / Short interest (% of float): 17.7%; days to cover: 0.0
• GameStop Corp (GME), up 15.8% to $242.56 / YTD price return: +1,187.5% / 12-Month Price Range: $ 3.77-483.00 / Short interest (% of float): 20.9%; days to cover: 1.0
• Li Auto Inc (LI), up 14.2% to $22.82 / YTD price return: -20.8% / 12-Month Price Range: $ 14.31-47.70
• Tellurian Inc (TELL), up 14.0% to $3.17 / YTD price return: +147.7% / 12-Month Price Range: $ .68-4.39 / Short interest (% of float): 8.8%; days to cover: 3.3
• eXp World Holdings Inc (EXPI), up 13.2% to $31.90 / YTD price return: +1.1% / 12-Month Price Range: $ 4.63-90.00 / Short interest (% of float): 11.2%; days to cover: 4.3
• Sundial Growers Inc (SNDL), up 13.1% to $.86 / YTD price return: +81.1% / 12-Month Price Range: $ .14-3.96 / Short interest (% of float): 13.9%; days to cover: 1.3

BIGGEST LOSERS

• Abcellera Biologics Inc (ABCL), down 12.5% to $28.50 / YTD price return: -29.2% / 12-Month Price Range: $ 23.20-71.91 / Short interest (% of float): 7.1%; days to cover: 8.0 (the stock is currently on the short sale restriction list)
• Ranpak Holdings Corp (PACK), down 9.3% to $22.39 / YTD price return: +66.6% / 12-Month Price Range: $ 6.79-25.45 / Short interest (% of float): 6.3% (the stock is currently on the short sale restriction list)
• Burning Rock Biotech Ltd (BNR), down 9.2% to $30.00 / YTD price return: +29.9% / 12-Month Price Range: $ 18.64-39.75 / Short interest (% of float): 1.3%
• R1 RCM Inc (RCM), down 8.5% to $23.24 / YTD price return: -3.2% / 12-Month Price Range: $ 10.30-31.28 / Short interest (% of float): 3.0%; days to cover: 1.9 (the stock is currently on the short sale restriction list)
• Newegg Commerce Inc (NEGG), down 8.3% to $9.75 / YTD price return: +134.9% / 12-Month Price Range: $ 2.76-17.14 / Short interest (% of float): 0.0%; days to cover: 0.7
• GSX Techedu Inc (GOTU), down 8.1% to $18.34 / YTD price return: -64.5% / 12-Month Price Range: $ 18.60-149.05 / Short interest (% of float): 12.7% (the stock is currently on the short sale restriction list)
• TAL Education Group (TAL), down 6.3% to $39.47 / YTD price return: -44.8% / 12-Month Price Range: $ 34.26-90.96 / Short interest (% of float): 3.0%; days to cover: 2.3
• FinVolution Group (FINV), down 6.1% to $7.44 / YTD price return: +178.7% / 12-Month Price Range: $ 1.44-10.61 / Short interest (% of float): 1.5%; days to cover: 1.9
• Nordstrom Inc (JWN), down 5.8% to $34.37 / YTD price return: +10.1% / 12-Month Price Range: $ 11.72-46.45 / Short interest (% of float): 12.1% (the stock is currently on the short sale restriction list)
• MicroVision Inc (MVIS), down 5.6% to $14.76 / YTD price return: +174.3% / 12-Month Price Range: $ .84-28.00 / Short interest (% of float): 21.6%; days to cover: 0.9

NEW IPOs ANNOUNCED OR PRICED

• JD Logistics (2618.HK), 609.2M-share IPO priced at HK$40.36/share, at lower end of range, for gross proceeds of US$ 3,167.8m. The offering, through BofAML, Goldman Sachs and Haitong International, was said to be oversubscribed over 700 times
• GLP Pte Ltd-China Logistics Assets / China - Real Estate / Listing Exchange: Hong Kong / Ticker: - / Gross proceeds (including overallotment): US$ 1,600.00m (offering in U.S. Dollar)
• Post Holdings Partnering Corp / United States of America - Financials / Listing Exchange: New York / Ticker: PSPC.U / Gross proceeds (including overallotment): US$ 300.00m (offering in U.S. Dollar) / Bookrunners: Evercore Group, Barclays Capital Inc
• Flywire Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: FLYW / Gross proceeds (including overallotment): US$ 250.56m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, JP Morgan Securities LLC, Bofa Securities Inc
• Paymentus Holdings Inc / United States of America - Financials / Listing Exchange: New York / Ticker: PAY / Gross proceeds (including overallotment): US$ 210.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, JP Morgan Securities LLC, Bofa Securities Inc
• Dynamics Special Purpose Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: DYNS / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC
• Day One Biopharmaceuticals (DAWN), 10.0M-share common stock IPO priced at $16.00/share (US$ 160m gross proceeds), at the upper end of the $14.00-16.00 range, through JP Morgan, Cowen and Piper Sandler

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Nordea Bank Abp / Finland - Financials / Listing Exchange: OMX Helsinki / Ticker: NDA SE / Gross proceeds (including overallotment): US$ 1,686.83m (offering in EURO) / Bookrunners: Barclays Bank (Ireland), BofA Securities Europe SA, Citigroup Global Markets Europe AG
• Petco Health & Wellness Co Inc / United States of America - Retail / Listing Exchange: Nasdaq / Ticker: WOOF / Gross proceeds (including overallotment): US$ 528.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Evercore Partners, Citigroup Global Markets Inc, Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC, Bofa Securities Inc, UBS Securities LLC
• China Risun Group Ltd / China - Materials / Listing Exchange: Hong Kong / Ticker: 1907 / Gross proceeds (including overallotment): US$ 266.03m (offering in Hong Kong Dollar) / Bookrunners: Guotai Junan Securities (Hong Kong) Ltd, Haitong International Securities Group Ltd
• E-House (China) Enterprise Holdings Ltd / China - Real Estate / Listing Exchange: Hong Kong / Ticker: 2048 / Gross proceeds (including overallotment): US$ 102.14m (offering in Hong Kong Dollar) / Bookrunners: Morgan Stanley International Hong Kong