QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.10%; Nasdaq Composite down -0.49%; Wilshire 5000 up 0.04%
• 64.2% of S&P 500 stocks were up today, with 84.2% of stocks above their 200-day moving average (DMA) and 63.0% above their 50-DMA
• Top performing sectors in the S&P 500: energy up 1.72% and materials up 1.48%
• Bottom performing sectors in the S&P 500: real estate down -1.09% and technology down -0.73%
• The number of shares in the S&P 500 traded today was 464m for a total turnover of US$ 55 bn
• The S&P 500 Value Index was up 0.7%, while the S&P 500 Growth Index was down -0.4%; the S&P small caps index was up 0.9% and mid caps were up 0.4%
• The volume on CME's INX (S&P 500 Index) was 1.9m (3-month z-score: -0.4); the 3-month average volume is 2.1m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 down 0.00%; UK FTSE 100 up 0.40%; tonight in Asia, China's CSI 300 down -0.27% and Japan's TOPIX 500 up 1.07%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 unchanged at 12.4%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 10.5%, down from 10.9%

NOTABLE S&P 500 EARNINGS RELEASES

• Sysco Corp (Consumer Non-Cyclicals): beat on EPS (0.71 act. vs. 0.60 est.) and beat on revenue (16,137m act. vs. 14,645m est.)
• TransDigm Group Inc (Industrials): beat on EPS (3.33 act. vs. 2.97 est.) and missed on revenue (1,218m act. vs. 1,222m est.)

TOP WINNERS

• Fisker Inc (FSR), up 21.6% to $18.27 / YTD price return: +24.7% / 12-Month Price Range: $ 8.70-31.96 / Short interest (% of float): 20.5%; days to cover: 3.0
• Cortexyme Inc (CRTX), up 21.5% to $120.21 / YTD price return: +332.7% / 12-Month Price Range: $ 26.66-99.99
• 3D Systems Corp (DDD), up 21.5% to $34.44 / 12-Month Price Range: $ 4.60-56.50
• BRP Group Inc (BRP), up 17.6% to $32.60 / YTD price return: +8.8% / 12-Month Price Range: $ 19.31-33.56 / Short interest (% of float): 2.9%; days to cover: 4.7
• Albertsons Companies Inc (ACI), up 17.2% to $29.05 / YTD price return: +65.2% / 12-Month Price Range: $ 12.91-24.89 / Short interest (% of float): 6.8%; days to cover: 14.8
• Janus International Group Inc (JBI), up 14.8% to $15.08 / 12-Month Price Range: $ 9.90-14.88 / Short interest (% of float): 17.5%; days to cover: 22.8
• Evolv Technologies Holdings Inc (EVLV), up 13.8% to $9.51 / 12-Month Price Range: $ 7.22-12.90 / Short interest (% of float): 0.3%; days to cover: 2.5
• Harmony Biosciences Holdings Inc (HRMY), up 12.7% to $30.16 / 12-Month Price Range: $ 25.09-52.74 / Short interest (% of float): 2.9%; days to cover: 3.2
• Livent Corp (LTHM), up 12.3% to $25.24 / YTD price return: +34.0% / 12-Month Price Range: $ 6.98-23.99 / Short interest (% of float): 14.7%; days to cover: 7.2
• Lithium Americas Corp (LAC), up 11.1% to $17.18 / YTD price return: +36.9% / 12-Month Price Range: $ 6.30-28.75 / Short interest (% of float): 11.0%; days to cover: 4.4

BIGGEST LOSERS

• SmileDirectClub Inc (SDC), down 24.2% to $5.08 / YTD price return: -57.5% / 12-Month Price Range: $ 6.52-16.08 / Short interest (% of float): 28.0%; days to cover: 4.4 (the stock is currently on the short sale restriction list)
• Yalla Group Ltd (YALA), down 18.9% to $10.99 / YTD price return: -23.3% / 12-Month Price Range: $ 6.26-41.35 / Short interest (% of float): 4.2%; days to cover: 4.6 (the stock is currently on the short sale restriction list)
• Reata Pharmaceuticals Inc (RETA), down 18.1% to $100.00 / YTD price return: -19.1% / 12-Month Price Range: $ 76.34-186.82 (the stock is currently on the short sale restriction list)
• RealReal Inc (REAL), down 18.0% to $13.31 / YTD price return: -31.9% / 12-Month Price Range: $ 12.23-30.22 (the stock is currently on the short sale restriction list)
• BioCryst Pharmaceuticals Inc (BCRX), down 13.9% to $15.21 / 12-Month Price Range: $ 3.30-18.48 (the stock is currently on the short sale restriction list)
• Nano-X Imaging Ltd (NNOX), down 13.4% to $26.07 / YTD price return: -42.9% / 12-Month Price Range: $ 19.05-94.81 / Short interest (% of float): 13.6%; days to cover: 3.6 (the stock is currently on the short sale restriction list)
• Allovir Inc (ALVR), down 13.0% to $18.64 / 12-Month Price Range: $ 16.66-48.96 / Short interest (% of float): 13.1%; days to cover: 16.6 (the stock is currently on the short sale restriction list)
• Oak Street Health Inc (OSH), down 12.9% to $54.81 / YTD price return: -10.4% / 12-Month Price Range: $ 37.41-66.31 / Short interest (% of float): 7.3%; days to cover: 11.6 (the stock is currently on the short sale restriction list)
• Fulgent Genetics Inc (FLGT), down 11.3% to $97.34 / YTD price return: +86.8% / 12-Month Price Range: $ 26.03-189.89 (the stock is currently on the short sale restriction list)
• Valneva SE (VALN), down 11.1% to $26.66 / 12-Month Price Range: $ 24.16-31.33 / Short interest (% of float): 0.0%; days to cover: 0.9 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• SVB Financial Group / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: SIVB / Gross proceeds (including overallotment): US$ 1,256.03m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co
• Lightspeed Commerce Inc / Canada - High Technology / Listing Exchange: New York / Ticker: LSPD / Gross proceeds (including overallotment): US$ 716.10m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC, Barclays Capital Inc
• First Republic Bank, San Francisco, California / United States of America - Financials / Listing Exchange: New York / Ticker: FRC / Gross proceeds (including overallotment): US$ 390.30m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Bofa Securities Inc
• WP Carey Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: WPC / Gross proceeds (including overallotment): US$ 351.00m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC, Barclays Capital Inc