Equities

Volatility Down As US Indices Close Almost Unchanged

The month of May was a positive one for the S&P 500, with financials (1-month performance of +5.72%), materials (+4.74%) and energy (+4.09%) sectors leading the gains

Published ET

World Equities Year-To-Date Total Returns | Sources: ϕpost, FactSet data

World Equities Year-To-Date Total Returns | Sources: ϕpost, FactSet data

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QUICK SUMMARY

  • Daily performance of US indices: S&P 500 up 0.08%; Nasdaq Composite up 0.09%; Wilshire 5000 up 0.05%
  • Top performing sectors: real estate up 0.65% and utilities up 0.46%
  • Bottom performing sectors: telecoms down -0.31% and consumer discretionary down -0.23%
  • Daily performance of international indices: Europe Stoxx 600 up 0.57%; China CSI 300 down -0.32%; Japan up 1.82%; UK FTSE 100 up 0.04%

VOLATILITY

  • 1-month at-the-money implied volatility on the S&P 500 at 11.5%, down from 11.7%
  • 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.6%, down from 12.1%
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

TOP WINNERS

  • Embotelladora Andina SA (AKOb), up 24.6% to $14.70 / YTD price return: -1.6% / 12-Month Price Range: $ 11.80-17.36 / Short interest (% of float): 0.0%; days to cover: 3.4 (the stock is currently on the short sale restriction list)
  • Welbilt Inc (WBT), up 24.0% to $24.71 on acquisition announcement / YTD price return: +87.2% / 12-Month Price Range: $ 5.21-22.98 / Short interest (% of float): 4.4%; days to cover: 1.1
  • Yext Inc (YEXT), up 17.5% to $14.47 on earnings / YTD price return: -8.0% / 12-Month Price Range: $ 12.01-20.90 / Short interest (% of float): 7.3%; days to cover: 12.0
  • Cronos Group Inc (CRON), up 15.2% to $9.01 / YTD price return: +29.8% / 12-Month Price Range: $ 4.92-15.83
  • Sundial Growers Inc (SNDL), up 14.8% to $.97 / YTD price return: +104.9% / 12-Month Price Range: $ .14-3.96 / Short interest (% of float): 13.9%; days to cover: 1.3
  • E-Home Household Service Holdings Ltd (EJH), up 13.9% to $37.60 / 12-Month Price Range: $ 16.60-80.93
  • Figs Inc (FIGS), up 13.8% to $34.15 / 12-Month Price Range: $ 28.25-32.11
  • Dream Finders Homes Inc (DFH), up 13.2% to $31.77 / 12-Month Price Range: $ 17.55-31.98 / Short interest (% of float): 11.8%; days to cover: 11.4
  • Tellurian Inc (TELL), up 12.1% to $4.36 / YTD price return: +240.6% / 12-Month Price Range: $ .68-4.39 / Short interest (% of float): 8.8%; days to cover: 3.3
  • Liberty Media Corp (LSXMB), up 11.2% to $51.70 / 12-Month Price Range: $ 32.94-50.01 / Short interest (% of float): 0.1%; days to cover: 1.8

BIGGEST LOSERS

  • GameStop Corp (GME), down 12.6% to $222.00 / YTD price return: +1,078.3% / 12-Month Price Range: $ 3.77-483.00 (the stock is currently on the short sale restriction list)
  • Upstart Holdings Inc (UPST), down 11.2% to $148.22 / YTD price return: +263.7% / 12-Month Price Range: $ 22.61-171.87 / Short interest (% of float): 8.6%; days to cover: 1.9 (the stock is currently on the short sale restriction list)
  • OneConnect Financial Technology Co Ltd (OCFT), down 11.1% to $14.46 / YTD price return: -26.6% / 12-Month Price Range: $ 11.98-28.80 / Short interest (% of float): 0.8%; days to cover: 7.4 (the stock is currently on the short sale restriction list)
  • Humanigen Inc (HGEN), down 11.0% to $20.23 / 12-Month Price Range: $ 4.36-33.95 / Short interest (% of float): 23.0%; days to cover: 7.0 (the stock is currently on the short sale restriction list)
  • JOYY Inc (YY), down 9.9% to $76.95 / YTD price return: -3.8% / 12-Month Price Range: $ 59.18-148.88 / Short interest (% of float): 13.4%; days to cover: 8.1
  • HP Inc (HPQ), down 8.9% to $29.23 / YTD price return: +18.8% / 12-Month Price Range: $ 14.86-36.00 / Short interest (% of float): 1.4%; days to cover: 2.2
  • Vuzix Corp (VUZI), down 8.5% to $17.46 / 12-Month Price Range: $ 2.07-32.43 / Short interest (% of float): 17.2%; days to cover: 1.6
  • Dot Therapeutics-2 Inc (DAWN), down 8.5% to $23.69 / 12-Month Price Range: $ 22.75-27.00 (the stock is currently on the short sale restriction list)
  • Canaan Inc (CAN), down 8.2% to $8.40 / YTD price return: +41.7% / 12-Month Price Range: $ 1.76-39.10
  • Fubotv Inc (FUBO), down 7.3% to $23.74 / YTD price return: -15.2% / 12-Month Price Range: $ 8.12-62.29 / Short interest (% of float): 21.4%; days to cover: 1.3
S&P 500 EV/EBITDA Multiples | Sources: ϕpost, Refinitiv dataS&P 500 P/E Multiples | Sources: ϕpost, Refinitiv data

NEW IPOs ANNOUNCED OR PRICED

  • Accor Acquisition Co / France - Financials / Listing Exchange: Euro Paris / Ticker: AAC / Gross proceeds (including overallotment): US$ 335.28m (offering in EURO) / Bookrunners: BNP Paribas SA, Goldman Sachs Bank Europe SE
  • CleanTech Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: CTAQU / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: Chardan Capital Markets LLC

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

  • Renesas Electronics Corp / Japan - High Technology / Listing Exchange: Tokyo 1 / Ticker: 6723 / Gross proceeds (including overallotment): US$ 2,891.19m (offering in Japanese Yen) / Bookrunners: Merrill Lynch International Ltd, Citigroup Global Markets Ltd, Morgan Stanley & Co. International plc, Daiwa Securities Capital Markets Co Ltd, JP Morgan Securities Plc
  • Renesas Electronics Corp / Japan - High Technology / Listing Exchange: Tokyo 1 / Ticker: 6723 / Gross proceeds (including overallotment): US$ 722.80m (offering in Japanese Yen) / Bookrunners: Daiwa Securities Co Ltd, Mitsubishi UFJ Morgan Stanley Securities Co Ltd
  • A-Living Smart City Services Co Ltd / China - Real Estate / Listing Exchange: Hong Kong / Ticker: 03319 / Gross proceeds (including overallotment): US$ 419.92m (offering in Hong Kong Dollar) / Bookrunners: Citigroup Global Markets Ltd