Equities
Consumer Discretionary And Energy Up, Staples And Utilities Down
Very little movement in equity indices, but looking at S&P 500 10-delta put options, it's apparent that market participants are still positioned for a possible drawdown in the next 3 months
Published ET
S&P 500 Options Implied Volatility | Sources: ϕpost, Refinitiv data
QUICK SUMMARY
- Daily performance of US indices: S&P 500 up 0.02%; Nasdaq Composite up 0.31%; Wilshire 5000 up 0.21%
- 57.0% of S&P 500 stocks were up today, with 90.1% of stocks above their 200-day moving average (DMA) and 66.7% above their 50-DMA
- The volume of S&P 500 shares traded today was 2.1m (3-month z-score: -0.4); the 3-month average volume is 2.3m and the 12-month range is 0.8 - 5.1m
- Top performing sectors: consumer discretionary up 0.96% and energy up 0.88%
- Bottom performing sectors: utilities down -0.91% and consumer staples down -0.85%
- The S&P 500 Value Index was down -0.1%, while the S&P 500 Growth Index was up 0.1%; the S&P small caps index was up 1.2% and mid caps were up 0.9%
- Daily performance of international indices: Europe Stoxx 600 up 0.10%; China CSI 300 down -0.02%; Japan down -0.21%; UK FTSE 100 up 0.25%
VOLATILITY
- 1-month at-the-money implied volatility on the S&P 500 at 13.0%, up from 11.6%
- 1-month at-the-money implied volatility on the Europe Stoxx 600 at 12.2%, down from 12.2%
TOP WINNERS
- Clover Health Investments Corp (CLOV), up 85.8% to $22.15 / YTD price return: +32.1% / 12-Month Price Range: $ 6.31-17.45 / Short interest (% of float): 36.6%; days to cover: 1.2
- AST SpaceMobile Inc (ASTS), up 51.4% to $12.14 / YTD price return: -10.6% / 12-Month Price Range: $ 6.96-25.37
- ContextLogic Inc (WISH), up 49.9% to $11.63 / YTD price return: -36.2% / 12-Month Price Range: $ 7.52-32.85
- Zhangmen Education Inc (ZME), up 47.7% to $16.99 on its IPO debut
- Wendys Co (WEN), up 25.9% to $28.87 / YTD price return: +31.7% / 12-Month Price Range: $ 18.86-24.91
- Velodyne Lidar Inc (VLDR), up 20.9% to $12.25 / YTD price return: -46.3% / 12-Month Price Range: $ 8.97-32.50
- Canoo Inc (GOEV), up 20.3% to $10.71 / YTD price return: -22.4% / 12-Month Price Range: $ 6.51-24.90
- Appian Corp (APPN), up 18.1% to $111.82 / YTD price return: -31.0% / 12-Month Price Range: $ 44.03-260.00
- Ehang Holdings Ltd (EH), up 18.0% to $40.41 / YTD price return: +91.4% / 12-Month Price Range: $ 7.59-129.80 / Short interest (% of float): 15.0%; days to cover: 2.3
- TuSimple Holdings Inc (TSP), up 17.0% to $45.44 / 12-Month Price Range: $ 32.13-41.50 / Short interest (% of float): 4.1%; days to cover: 2.3
BIGGEST LOSERS
- Opera Ltd (OPRA), down 23.3% to $9.00 / YTD price return: -1.4% / 12-Month Price Range: $ 6.41-13.93 (the stock is currently on the short sale restriction list)
- Lordstown Motors Corp (RIDE), down 16.3% to $11.22 / YTD price return: -44.1% / 12-Month Price Range: $ 6.69-31.80 (the stock is currently on the short sale restriction list)
- CureVac NV (CVAC), down 12.6% to $109.29 / YTD price return: +34.8% / 12-Month Price Range: $ 36.15-151.80 (the stock is currently on the short sale restriction list)
- Celsius Holdings Inc (CELH), down 11.6% to $72.45 / YTD price return: +44.0% / 12-Month Price Range: $ 8.61-82.62 (the stock is currently on the short sale restriction list)
- Silvergate Capital Corp (SI), down 10.4% to $103.45 / YTD price return: +38.9% / 12-Month Price Range: $ 12.05-187.86 (the stock is currently on the short sale restriction list)
- Alector Inc (ALEC), down 9.8% to $18.97 / YTD price return: +25.4% / 12-Month Price Range: $ 9.12-33.82 (the stock is currently on the short sale restriction list)
- Contango Oil & Gas Co (Texas) (MCF), down 9.6% to $5.08 / YTD price return: +121.8% / 12-Month Price Range: $ 1.09-5.74 (the stock is currently on the short sale restriction list)
- Liberty Oilfield Services Inc (LBRT), down 9.0% to $15.24 / YTD price return: +47.8% / 12-Month Price Range: $ 4.91-17.78 / Short interest (% of float): 6.9%; days to cover: #N/A (the stock is currently on the short sale restriction list)
- Stem Inc (STEM), down 8.9% to $31.05 / YTD price return: +51.8% / 12-Month Price Range: $ 9.60-51.49 / Short interest (% of float): 7.9%; days to cover: 3.0 (the stock is currently on the short sale restriction list)
- Coupa Software Inc (COUP), down 8.2% to $217.40 / YTD price return: -35.9% / 12-Month Price Range: $ 211.54-377.04
NEW IPOs ANNOUNCED OR PRICED
- Nabors Energy Transition Corp / United States of America - Financials / Listing Exchange: New York / Ticker: NETC / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc, Wells Fargo Securities LLC
- Foresight Acquisition Corp II / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: FACQU / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: William Blair & Co, Cowen & Co
EQUITY FOLLOW-ONS / SECONDARY OFFERINGS
- Topaz Energy Corp / Canada - Energy and Power / Listing Exchange: Toronto / Ticker: TPZ / Gross proceeds (including overallotment): US$ 166.62m (offering in Canadian Dollar) / Bookrunners: Peters & Co Ltd, BMO Nesbitt Burns Inc
- Huaan Securities Co Ltd / China - Financials / Listing Exchange: Shanghai / Ticker: 600909 / Gross proceeds (including overallotment): US$ 624.98m (offering in Chinese Yuan) / Bookrunners: Huatai United Securities Co Ltd
- National Storage REIT / Australia - Real Estate / Listing Exchange: Australia / Ticker: NSR / Gross proceeds (including overallotment): US$ 252.33m (offering in Australian Dollar) / Bookrunners: JP Morgan Australia Ltd, Citigroup Global Markets Australia
- Craneware PLC / United Kingdom - High Technology / Listing Exchange: London AIM / Ticker: CRW / Gross proceeds (including overallotment): US$ 193.16m (offering in British Pound) / Bookrunners: Goldman Sachs International, Peel Hunt LLP, Investec Bank PLC, Joh Berenberg Gossler & Co KG(London Branch)
- Bank IBK Indonesia Tbk PT / Indonesia - Financials / Listing Exchange: Indonesia / Ticker: XIDX / Gross proceeds (including overallotment): US$ 118.80m (offering in U.S. Dollar) / Bookrunners: Not Applicable