QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.58%; Nasdaq Composite up 0.69%; Wilshire 5000 up 0.66%
• 75.2% of S&P 500 stocks were up today, with 89.1% of stocks above their 200-day moving average (DMA) and 46.3% above their 50-DMA
• The turnover of S&P 500 shares traded today was $60.2 bn, with 0.5 bn shares traded
• Top performing sectors: financials up 1.21% and energy up 0.85%
• Bottom performing sectors: real estate down -0.45% and utilities down -0.10%
• The S&P 500 Value Index was up 0.7%, while the S&P 500 Growth Index was up 0.5%; the S&P small caps index was up 1.4% and mid caps were up 0.9%
• The volume on the INX was a mediocre 1.9m (3-month z-score: -0.9); the 3-month average volume is 2.2m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 up 0.87%; China CSI 300 unchanged; Japan up 0.58%; UK FTSE 100 up 0.51%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 10.9%, down from 11.0%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.6%, down from 11.9%

NOTABLE S&P 500 EARNINGS RELEASES

• Accenture PLC (Technology): beat on EPS (2.40 act. vs. 1.90 est.) and beat on revenue (13,264m act. vs. 11,828m est.)
• Carnival Corp (Consumer Cyclicals): missed on EPS (-1.67 act. vs. -1.54 est.) and missed on revenue (138m act. vs. 197m est.)

TOP WINNERS

• Trade Desk Inc (TTD), up 16.0% to $75.88 / YTD price return: -5.3% / 12-Month Price Range: $ 38.80-97.28 / Short interest (% of float): 3.9%; days to cover: 1.4
• SEMrush Holdings Inc (SEMR), up 15.5% to $23.34 / 12-Month Price Range: $ 10.62-21.02 / Short interest (% of float): 4.0%; days to cover: 1.3
• Arcus Biosciences Inc (RCUS), up 15.5% to $27.02 / YTD price return: +4.1% / 12-Month Price Range: $ 16.69-42.36 / Short interest (% of float): 14.4%; days to cover: 12.2
• PubMatic Inc (PUBM), up 13.0% to $40.48 / YTD price return: +44.8% / 12-Month Price Range: $ 22.42-76.96 / Short interest (% of float): 44.3%; days to cover: 5.9
• Criteo SA (CRTO), up 12.3% to $43.51 / YTD price return: +112.1% / 12-Month Price Range: $ 10.81-44.28 / Short interest (% of float): 5.5%; days to cover: 4.7
• Ashford Hospitality Trust Inc (AHT), up 12.1% to $5.02 / YTD price return: +93.8% / 12-Month Price Range: $ 1.27-9.20 / Short interest (% of float): 3.6%; days to cover: 0.2
• ViewRay Inc (VRAY), up 11.7% to $6.61 / 12-Month Price Range: $ 1.94-7.36 / Short interest (% of float): 7.3%; days to cover: 9.3
• Sorrento Therapeutics Inc (SRNE), up 10.6% to $10.00 / YTD price return: +46.5% / 12-Month Price Range: $ 5.03-19.39 / Short interest (% of float): 19.5%; days to cover: 8.1
• Ecopetrol SA (EC), up 10.0% to $14.68 / YTD price return: +13.7% / 12-Month Price Range: $ 8.50-14.47 / Short interest (% of float): 3.2%; days to cover: 6.5
• Uxin Ltd (UXIN), up 9.9% to $4.11 / YTD price return: +371.1% / 12-Month Price Range: $ .72-5.82 / Short interest (% of float): 4.0%; days to cover: 0.4

BIGGEST LOSERS

• Douyu International Holdings Ltd (DOYU), down 9.8% to $7.11 / YTD price return: -35.7% / 12-Month Price Range: $ 7.08-20.54 / Short interest (% of float): 2.8%; days to cover: 3.5 (the stock is currently on the short sale restriction list)
• Figs Inc (FIGS), down 6.8% to $43.37 / 12-Month Price Range: $ 28.25-49.74
• KB Home (KBH), down 6.7% to $40.45 / YTD price return: +20.7% / 12-Month Price Range: $ 27.51-52.48 / Short interest (% of float): 6.0%; days to cover: 3.9
• Talos Energy Inc (TALO), down 6.4% to $17.45 / YTD price return: +111.8% / 12-Month Price Range: $ 5.39-18.93 / Short interest (% of float): 7.1%; days to cover: 6.8
• Discovery Inc (DISCB), down 6.4% to $64.90 / YTD price return: +100.3% / 12-Month Price Range: $ 26.00-150.72 / Short interest (% of float): 3.3%; days to cover: 0.9
• Sunnova Energy International Inc (NOVA), down 6.3% to $35.31 / YTD price return: -21.8% / 12-Month Price Range: $ 15.89-57.70 / Short interest (% of float): 8.5%; days to cover: 3.0
• Agiliti Inc (AGTI), down 6.2% to $23.47 / 12-Month Price Range: $ 13.56-26.36 / Short interest (% of float): 0.2%; days to cover: 0.1
• Biogen Inc (BIIB), down 6.1% to $349.16 / YTD price return: +42.6% / 12-Month Price Range: $ 223.25-468.55 / Short interest (% of float): 2.1%; days to cover: 3.1
• Sunrun Inc (RUN), down 5.4% to $52.84 / YTD price return: -23.8% / 12-Month Price Range: $ 18.43-100.93 / Short interest (% of float): 16.9%; days to cover: 5.1
• Sabre Corp (SABR), down 5.1% to $13.25 / YTD price return: +10.2% / 12-Month Price Range: $ 5.50-16.88 / Short interest (% of float): 19.7%; days to cover: 8.2

12-MONTH FORWARD VALUATION MULTIPLES

NEW IPOs ANNOUNCED OR PRICED

• Bright Health Group Inc / United States of America - Healthcare / Listing Exchange: New York / Ticker: BHG / Gross proceeds (including overallotment): US$ 924.30m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Barclays Capital Inc
• Confluent Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: CFLT / Gross proceeds (including overallotment): US$ 828.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Bofa Securities Inc
• Doximity Inc / United States of America - High Technology / Listing Exchange: New York / Ticker: DOCS / Gross proceeds (including overallotment): US$ 605.80m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co LLC, JP Morgan Securities LLC
• Pet Valu Holdings Ltd / Canada - Retail / Listing Exchange: Toronto / Ticker: PET / Gross proceeds (including overallotment): US$ 223.49m (offering in Canadian Dollar) / Bookrunners: CIBC World Markets Inc, RBC Dominion Securities Inc, Barclays Capital Canada Inc
• Monte Rosa Therapeutics Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: GLUE / Gross proceeds (including overallotment): US$ 222.30m (offering in U.S. Dollar) / Bookrunners: Guggenheim Securities LLC, Cowen & Co, JP Morgan Securities LLC, Piper Sandler & Co
• FinTech Acquisition Corp VI / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: FTVIU / Gross proceeds (including overallotment): US$ 220.00m (offering in U.S. Dollar) / Bookrunners: Cantor Fitzgerald & Co
• Vero SA / Brazil - High Technology / Listing Exchange: BOVESPA / Ticker: - / Gross proceeds (including overallotment): US$ 302.01m (offering in Brazilian Real) / Bookrunners: Not Applicable
• Healthium MedTech Pvt Ltd / India - Healthcare / Listing Exchange: Unknown / Ticker: N/A / Gross proceeds (including overallotment): US$ 202.32m (offering in Indian Rupee) / Bookrunners: Not Applicable

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Broadstone Net Lease Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: BNL / Gross proceeds (including overallotment): US$ 230.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, BMO Capital Markets
• Sembcorp Marine Ltd / Singapore - Industrials / Listing Exchange: Singapore / Ticker: S51 / Gross proceeds (including overallotment): US$ 477.25m (offering in Singapore Dollar) / Bookrunners: DBS Bank Ltd
• TINAVI Medical Technologies Co Ltd / China - High Technology / Listing Exchange: SSES / Ticker: 688277 / Gross proceeds (including overallotment): US$ 207.02m (offering in Chinese Yuan) / Bookrunners: Not Applicable
• Big Yellow Group PLC / United Kingdom - Industrials / Listing Exchange: London / Ticker: BYG / Gross proceeds (including overallotment): US$ 139.59m (offering in British Pound) / Bookrunners: JP Morgan Cazenove
• Frontier Real Estate Investment Corp / Japan - Real Estate / Listing Exchange: Tokyo / Ticker: 8964 / Gross proceeds (including overallotment): US$ 138.77m (offering in Japanese Yen) / Bookrunners: Nomura Securities Co Ltd, Daiwa Securities Co Ltd, SMBC Nikko Securities Inc