QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.37%, Nasdaq down 0.05, and Russell 2000 up 0.61%
• 77.2% of S&P 500 stocks were up today, with 74.7% of stocks above their 200-day moving average (DMA) and 63.6% above their 50-DMA
• Top performing sectors in the S&P 500: utilities up 1.56% and real estate up 1.55%
• Bottom performing sectors in the S&P 500: technology down -0.29% and telecoms down -0.17%
• The number of shares in the S&P 500 traded today was 464m for a total turnover of US$ 57 bn
• The S&P 500 Value Index was up 0.9%, while the S&P 500 Growth Index was down -0.1%; the S&P small caps index was up 0.7% and mid caps were up 0.8%
• The volume on CME's INX (S&P 500 Index) was 1.8m (3-month z-score: -0.4); 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 up 0.32%; UK FTSE 100 up 0.08%; China CSI 300 down -0.22%; Japan's TOPIX 500 down -1.34%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 11.9%, up from 11.6%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.0%, down from 11.2%

NOTABLE S&P 500 EARNINGS RELEASES

• Tesla Inc (TSLA | Consumer Cyclicals): beat on EPS (1.86 act. vs. 1.59 est.) and beat on revenue (13,757m act. vs. 13,626m est.), up 0.18% today
• Verizon Communications Inc (VZ | Technology): beat on EPS (1.41 act. vs. 1.36 est.) and missed on revenue (32,900m act. vs. 33,200m est.), up 2.41% today
• Abbott Laboratories (ABT | Healthcare): beat on EPS (1.40 act. vs. 0.95 est.) and beat on revenue (10,928m act. vs. 9,559m est.), up 3.33% today
• Nextera Energy Inc (NEE | Utilities): beat on EPS (0.75 act. vs. 0.71 est.) and missed on revenue (4,370m act. vs. 5,418m est.), up 2.30% today
• International Business Machines Corp (IBM | Technology): beat on EPS (2.52 act. vs. 2.50 est.) and missed on revenue (17,618m act. vs. 17,772m est.), down -0.06% today
• Anthem Inc (ANTM | Healthcare): beat on EPS (6.79 act. vs. 6.37 est.) and beat on revenue (35,548m act. vs. 35,299m est.), up 7.70% today
• CSX Corp (CSX | Industrials): beat on EPS (0.43 act. vs. 0.38 est.) and beat on revenue (3,292m act. vs. 3,062m est.), up 1.03% today
• Crown Castle International Corp (CCI | Real Estate): beat on EPS (0.81 act. vs. 0.76 est.) and beat on revenue (1,618m act. vs. 1,616m est.), up 1.23% today
• Kinder Morgan Inc (KMI | Energy): missed on EPS (0.22 act. vs. 0.23 est.) and beat on revenue (3,824m act. vs. 3,256m est.), up 1.08% today
• Biogen Inc (BIIB | Healthcare): beat on EPS (4.77 act. vs. 4.09 est.) and beat on revenue (2,779m act. vs. 2,671m est.), down -0.58% today
• Discover Financial Services (DFS | Financials): beat on EPS (3.54 act. vs. 3.53 est.) and missed on revenue (2,777m act. vs. 2,910m est.), up 1.39% today
• PPG Industries Inc (PPG | Basic Materials): beat on EPS (1.69 act. vs. 1.58 est.) and beat on revenue (4,372m act. vs. 4,244m est.), up 0.94% today
• Nasdaq Inc (NDAQ | Financials): beat on EPS (1.78 act. vs. 1.72 est.) and beat on revenue (838m act. vs. 833m est.), down -4.64% today
• Equifax Inc (EFX | Industrials): beat on EPS (1.85 act. vs. 1.72 est.) and beat on revenue (1,223m act. vs. 1,182m est.), down -1.26% today
• Las Vegas Sands Corp (LVS | Consumer Cyclicals): missed on EPS (-0.46 act. vs. -0.20 est.) and missed on revenue (857m act. vs. 1,242m est.), down -1.94% today
• Baker Hughes Co (BKR | Energy): missed on EPS (0.16 act. vs. 0.21 est.) and missed on revenue (5,093m act. vs. 5,321m est.), down -5.66% today
• Northern Trust Corp (NTRS | Financials): beat on EPS (1.80 act. vs. 1.67 est.) and beat on revenue (1,645m act. vs. 1,609m est.), up 3.38% today
• Steris plc (STE | Healthcare): beat on EPS (1.76 act. vs. 1.49 est.) and beat on revenue (968m act. vs. 905m est.), down -0.41% today
• Citizens Financial Group Inc (CFG | Financials): beat on EPS (1.18 act. vs. 1.16 est.) and beat on revenue (1,659m act. vs. 1,639m est.), up 3.63% today
• M&T Bank Corp (MTB | Financials): beat on EPS (3.69 act. vs. 3.50 est.) and beat on revenue (1,536m act. vs. 1,478m est.), up 5.78% today
• Marketaxess Holdings Inc (MKTX | Financials): beat on EPS (1.52 act. vs. 1.46 est.) and missed on revenue (162m act. vs. 166m est.), down -1.34% today
• Comerica Inc (CMA | Financials): beat on EPS (1.90 act. vs. 1.64 est.) and beat on revenue (755m act. vs. 734m est.), up 3.44% today
• Globe Life Inc (GL | Financials): missed on EPS (1.78 act. vs. 1.89 est.) and beat on revenue (1,278m act. vs. 1,264m est.), up 1.03% today

TOP WINNERS

• Valneva SE (VALN), up 18.6% to $41.99 / 12-Month Price Range: $ 24.16-59.15
• Canaan Inc (CAN), up 18.0% to $8.72 / YTD price return: +47.0% / 12-Month Price Range: $ 1.85-39.10 / Short interest (% of float): 6.7%; days to cover: 1.3
• Cipher Mining Inc (CIFR), up 17.2% to $8.73 / YTD price return: -12.3% / 12-Month Price Range: $ 5.13-15.39 / Short interest (% of float): 2.6%; days to cover: 1.8
• Dice Therapeutics Inc (DICE), up 16.1% to $31.41 / 12-Month Price Range: $ 23.16-40.50 / Short interest (% of float): 2.7%; days to cover: 2.6
• ContextLogic Inc (WISH), up 14.5% to $6.09 / YTD price return: -66.6% / 12-Month Price Range: $ 4.61-32.85
• Revance Therapeutics Inc (RVNC), up 13.9% to $15.78 / YTD price return: -44.3% / 12-Month Price Range: $ 13.01-33.83 / Short interest (% of float): 4.8%; days to cover: 9.6
• Pinterest Inc (PINS), up 12.8% to $62.68 / YTD price return: -4.9% / 12-Month Price Range: $ 44.61-89.90 / Short interest (% of float): 3.1%; days to cover: 2.3
• Arqit Quantum Inc (ARQQ), up 12.3% to $17.48 / 12-Month Price Range: $ 8.00-41.52 / Short interest (% of float): 0.8%; days to cover: 0.2
• LumiraDx Ltd (LMDX), up 12.3% to $9.47 / 12-Month Price Range: $ 7.15-10.80 / Short interest (% of float): 0.1%; days to cover: 0.4
• Olema Pharmaceuticals Inc (OLMA), up 11.9% to $30.00 / YTD price return: -37.6% / 12-Month Price Range: $ 19.41-60.27 / Short interest (% of float): 6.8%; days to cover: 6.6

BIGGEST LOSERS

• Novavax Inc (NVAX), down 14.8% to $136.86 / YTD price return: +22.7% / 12-Month Price Range: $ 76.59-331.68 (the stock is currently on the short sale restriction list)
• Healthcare Services Group Inc (HCSG), down 14.0% to $20.02 / YTD price return: -28.8% / 12-Month Price Range: $ 21.80-35.80 (the stock is currently on the short sale restriction list)
• Brinker International Inc (EAT), down 9.7% to $44.21 / YTD price return: -21.8% / 12-Month Price Range: $ 40.73-78.33 / Short interest (% of float): 5.8%; days to cover: 3.0 (the stock is currently on the short sale restriction list)
• Getnet Adquirencia e Servicos para Meios de Pagamento SA (GETVV), down 9.1% to $3.00 / 12-Month Price Range: $ 2.94-4.32 (the stock is currently on the short sale restriction list)
• Peabody Energy Corp (BTU), down 8.9% to $14.49 / YTD price return: +501.2% / 12-Month Price Range: $ .80-19.83 / Short interest (% of float): 6.5%; days to cover: 1.3
• WD-40 Co (WDFC), down 8.8% to $209.20 / YTD price return: -21.3% / 12-Month Price Range: $ 195.33-333.42
• Array Technologies Inc (ARRY), down 8.6% to $18.66 / YTD price return: -56.7% / 12-Month Price Range: $ 12.72-54.78 (the stock is currently on the short sale restriction list)
• Centrais Eletricas Brasileiras SA (EBRb), down 8.3% to $6.89 / 12-Month Price Range: $ 4.93-9.66 / Short interest (% of float): 0.2%; days to cover: 55.6
• ESS Tech Inc (GWH), down 8.0% to $15.78 / YTD price return: +56.5% / 12-Month Price Range: $ 7.22-28.92 / Short interest (% of float): 0.3%; days to cover: 3.6
• New Fortress Energy Inc (NFE), down 7.3% to $32.01 / YTD price return: -40.3% / 12-Month Price Range: $ 23.80-65.90 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS