QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.23%; Nasdaq Composite down -0.07%; Wilshire 5000 up 0.16%
• 60.4% of S&P 500 stocks were up today, with 74.7% of stocks above their 200-day moving average (DMA) and 53.9% above their 50-DMA
• Top performing sectors in the S&P 500: energy up 2.94% and financials up 1.14%
• Bottom performing sectors in the S&P 500: health care down -0.61% and utilities down -0.18%
• The number of shares in the S&P 500 traded today was 546m for a total turnover of US$ 66 bn
• The S&P 500 Value Index was up 0.6%, while the S&P 500 Growth Index was down -0.1%; the S&P small caps index was up 0.8% and mid caps were up 0.6%
• The volume on CME's INX (S&P 500 Index) was 2.0m (3-month z-score: 0.2); the 3-month average volume is 2.0m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 down 0.29%; UK FTSE 100 up 0.56%; tonight in Asia, China's CSI 300 down -0.09%, Japan's TOPIX 500 up 0.44%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 13.4%, down from 13.9%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.6%, up from 13.3%

NOTABLE S&P 500 EARNINGS RELEASES

• Oracle Corp (ORCL | Technology): beat on EPS (1.03 act. vs. 0.97 est.) and missed on revenue (9,728m act. vs. 9,770m est.), down -0.88% today

COAL PRODUCERS FLYING HIGHER

TOP WINNERS

• iRhythm Technologies Inc (IRTC), up 35.0% to $64.96 / YTD price return: -72.6% / 12-Month Price Range: $ 41.66-286.19 / Short interest (% of float): 5.9%; days to cover: 5.5
• Regenxbio Inc (RGNX), up 31.2% to $43.40 / YTD price return: -4.3% / 12-Month Price Range: $ 25.93-50.26 / Short interest (% of float): 8.4%; days to cover: 8.4
• SmileDirectClub Inc (SDC), up 16.1% to $5.98 / YTD price return: -49.9% / 12-Month Price Range: $ 4.63-16.08 / Short interest (% of float): 32.9%; days to cover: 4.3
• Ocugen Inc (OCGN), up 15.8% to $8.28 / YTD price return: +352.5% / 12-Month Price Range: $ .25-18.77 / Short interest (% of float): 26.3%; days to cover: 4.2
• Crescent Point Energy Corp (CPG), up 14.1% to $3.88 / YTD price return: +65.8% / 12-Month Price Range: $ 1.05-4.86 / Short interest (% of float): 2.3%; days to cover: 4.0
• Humacyte Inc (HUMA), up 13.3% to $15.72 / 12-Month Price Range: $ 9.12-17.45 / Short interest (% of float): 1.6%; days to cover: 3.9
• NGM Biopharmaceuticals Inc (NGM), up 12.1% to $26.19 / YTD price return: -13.6% / 12-Month Price Range: $ 14.90-32.12 / Short interest (% of float): 1.3%; days to cover: 2.2
• Tellurian Inc (TELL), up 11.4% to $3.22 / YTD price return: +151.6% / 12-Month Price Range: $ .68-5.76 / Short interest (% of float): 9.5%; days to cover: 3.3
• Tronox Holdings PLC (TROX), up 11.1% to $22.81 / YTD price return: +56.0% / 12-Month Price Range: $ 7.61-24.81
• Relay Therapeutics Inc (RLAY), up 11.0% to $35.70 / YTD price return: -14.1% / 12-Month Price Range: $ 26.44-64.37 / Short interest (% of float): 12.1%; days to cover: 22.1

BIGGEST LOSERS

• Valneva SE (VALN), down 39.9% to $28.15 / 12-Month Price Range: $ 24.16-59.15 / Short interest (% of float): 0.0%; days to cover: 0.5 (the stock is currently on the short sale restriction list)
• Adagio Therapeutics Inc (ADGI), down 20.2% to $43.00 / 12-Month Price Range: $ 20.50-54.59 / Short interest (% of float): 0.6%; days to cover: 0.4 (the stock is currently on the short sale restriction list)
• Rocket Lab USA Inc (RKLB), down 17.6% to $15.40 / YTD price return: +52.3% / 12-Month Price Range: $ 9.50-21.34 / Short interest (% of float): 1.2%; days to cover: 3.1 (the stock is currently on the short sale restriction list)
• Dada Nexus Ltd (DADA), down 17.4% to $21.29 / YTD price return: -41.7% / 12-Month Price Range: $ 17.57-61.27 (the stock is currently on the short sale restriction list)
• Dynavax Technologies Corp (DVAX), down 16.0% to $14.74 / YTD price return: +231.2% / 12-Month Price Range: $ 3.58-20.40 / Short interest (% of float): 20.3%; days to cover: 5.3 (the stock is currently on the short sale restriction list)
• Verve Therapeutics Inc (VERV), down 15.4% to $62.62 / 12-Month Price Range: $ 29.50-78.00 / Short interest (% of float): 4.2%; days to cover: 6.3 (the stock is currently on the short sale restriction list)
• Porch Group Inc (PRCH), down 15.1% to $18.87 / 12-Month Price Range: $ 10.03-24.41 / Short interest (% of float): 10.9%; days to cover: 8.7 (the stock is currently on the short sale restriction list)
• Microvast Holdings Inc (MVST), down 14.4% to $9.98 / YTD price return: -41.6% / 12-Month Price Range: $ 7.83-25.20 / Short interest (% of float): 4.9%; days to cover: 1.9 (the stock is currently on the short sale restriction list)
• Tuya Inc (TUYA), down 14.2% to $10.21 / 12-Month Price Range: $ 9.46-27.65 / Short interest (% of float): 0.9%; days to cover: 2.2 (the stock is currently on the short sale restriction list)
• Torrid Holdings Inc (CURV), down 13.9% to $19.96 / 12-Month Price Range: $ 18.26-33.19 / Short interest (% of float): 0.7%; days to cover: 2.2 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

NEW IPOs ANNOUNCED OR PRICED

• Berenson Acquisition Corp I / United States of America - Financials / Listing Exchange: New York / Ticker: BACA.U / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: Wells Fargo Securities LLC, BofA Securities Inc
• Simplex Holdings Inc / Japan - High Technology / Listing Exchange: Tokyo 1 / Ticker: 4373 / Gross proceeds (including overallotment): US$ 211.61m (offering in Japanese Yen) / Bookrunners: Mizuho International PLC, SMBC Nikko Capital Markets
• Fabric Property Ltd / New Zealand - Real Estate / Listing Exchange: New Zealand / Ticker: N/A / Gross proceeds (including overallotment): US$ 170.98m (offering in New Zealand Dollar) / Bookrunners: Goldman Sachs & Co

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• VICI Properties Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: VICI / Gross proceeds (including overallotment): US$ 3,392.50m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC
• West Japan Railway Co / Japan - Industrials / Listing Exchange: Tokyo 1 / Ticker: 9021 / Gross proceeds (including overallotment): US$ 1,436.14m (offering in Japanese Yen) / Bookrunners: Nomura Securities Co Ltd, Mitsubishi UFJ Morgan Stanley Securities Co Ltd, SMBC Nikko Securities Inc
• Demae-can Co Ltd / Japan - High Technology / Listing Exchange: Jasdaq Std / Ticker: 2484 / Gross proceeds (including overallotment): US$ 317.15m (offering in Japanese Yen) / Bookrunners: JP Morgan Securities Plc