Equities

Decent Gains For US Equities Today Left The S&P 500 Down 0.31% For The Week

Chinese equities had a good weekly performance (up 2.6%), led a rebound in the real estate sector (up 7.6%) after Evergrande's bondholders received coupons that had been postponed for a few weeks

Published ET

Year-To-Date Total Returns For World Equity Markets | Sources: ϕpost, FactSet data

Year-To-Date Total Returns For World Equity Markets | Sources: ϕpost, FactSet data

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QUICK SUMMARY

  • Daily performance of US indices: S&P 500 up 0.72%; Nasdaq Composite up 1.00%; Wilshire 5000 up 0.73%
  • 65.9% of S&P 500 stocks were up today, with 73.9% of stocks above their 200-day moving average (DMA) and 73.7% above their 50-DMA
  • Top performing sectors in the S&P 500: telecoms up 1.68% and technology up 1.19%
  • Bottom performing sectors in the S&P 500: energy down -0.26% and utilities down -0.18%
  • The number of shares in the S&P 500 traded today was 472m for a total turnover of US$ 62 bn
  • The S&P 500 Value Index was up 0.2%, while the S&P 500 Growth Index was up 1.2%; the S&P small caps index was down -0.1% and mid caps were up 0.3%
  • 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 2.0m and the 12-month range is 0.8 - 4.6m
  • Daily performance of international indices: Europe Stoxx 600 up 0.30%; UK FTSE 100 down -0.49%; Hang Seng SH-SZ-HK 300 Index down -0.01%; Japan's TOPIX 500 up 1.31%

VOLATILITY

  • 1-month at-the-money implied volatility on the S&P 500 at 13.0%, up from 12.9%
  • 1-month at-the-money implied volatility on the Europe Stoxx 600 at 10.6%, down from 11.1%
S&P 500 Performance By Sector | Sources: ϕpost, Refinitiv dataS&P 500, STOXX 600 1-Month ATM Implied Volatilities | Sources: ϕpost, Refinitiv data

NOTABLE US EARNINGS RELEASES TODAY

  • RBC Bearings Inc (ROLL | Industrials): missed EPS median estimate (0.89 act. vs. 1.04 est.) and missed revenue median estimate (161m act. vs. 159m est.), down -1.38% today, closed at 231.14 and unchanged after hours
  • Warby Parker Inc (WRBY | Healthcare): beat EPS median estimate (0.03 act. vs. -0.66 est.) and missed revenue median estimate (137m act. vs. 133m est.), up 9.03% today, closed at 58.34 and at 59.00 (+1.13%) after hours
  • Spectrum Brands Holdings Inc (SPB | Consumer Cyclicals): beat EPS median estimate (1.11 act. vs. 0.72 est.) and missed revenue median estimate (1,156m act. vs. 1,133m est.), up 9.20% today, closed at 102.72 and at 103.75 (+1.00%) after hours
  • Riot Blockchain Inc (RIOT | Technology): beat EPS median estimate (0.22 act. vs. -0.01 est.) and beat revenue median estimate (32m act. vs. 34m est.), up 11.79% today, closed at 44.19 and at 44.26 (+0.16%) after hours
  • Lyell Immunopharma Inc (LYEL | Healthcare): missed EPS median estimate (-1.47 act. vs. -0.38 est.) and missed revenue median estimate (3m act. vs. 2m est.), down -1.13% today, closed at 11.39 and unchanged after hours
  • Hyzon Motors Inc (HYZN | Industrials): beat EPS median estimate (0.13 act. vs. -0.07 est.) and beat revenue median estimate (1m act. vs. 2m est.), up 13.04% today, closed at 7.11 and at 7.17 (+0.84%) after hours
  • Brilliant Earth Group Inc (BRLT | Consumer Cyclicals): beat EPS median estimate (0.09 act. vs. 0.01 est.) and missed revenue median estimate (95m act. vs. 87m est.), up 30.67% today, closed at 18.49 and at 18.40 (-0.49%) after hours
  • F45 Training Holdings Inc (FXLV | Consumer Cyclicals): missed EPS median estimate (-1.52 act. vs. -0.01 est.) and beat revenue median estimate (27m act. vs. 30m est.), down -18.93% today, closed at 12.98 and at 13.21 (+1.77%) after hours
  • Meridian Bioscience Inc (VIVO | Healthcare): beat EPS median estimate (0.23 act. vs. 0.21 est.) and missed revenue median estimate (76m act. vs. 68m est.), up 7.19% today, closed at 20.73 and unchanged after hours
  • IDEAYA Biosciences Inc (IDYA | Healthcare): missed EPS median estimate (-0.33 act. vs. -0.22 est.) and beat revenue median estimate (9m act. vs. 9m est.), up 2.08% today, closed at 23.03 and unchanged after hours
  • Circor International Inc (CIR | Industrials): missed EPS median estimate (0.50 act. vs. 0.56 est.) and beat revenue median estimate (191m act. vs. 202m est.), down -8.48% today, closed at 32.50 and unchanged after hours
  • Newlake Capital Partners Inc (NLCP | Real Estate): missed EPS median estimate (0.14 act. vs. 0.16 est.) and beat revenue median estimate (8m act. vs. 8m est.), up 0.65% today, closed at 29.20 and unchanged after hours
  • Target Hospitality Corp (TH | Consumer Cyclicals): beat EPS median estimate (0.10 act. vs. 0.02 est.) and missed revenue median estimate (89m act. vs. 78m est.), up 1.02% today, closed at 4.95 and at 4.96 (+0.20%) after hours

COMPANIES REPORTING NEXT WEEK

US Companies Reporting Next Week | Sources: phipost.com, Refinitiv data

TOP WINNERS TODAY

  • Brilliant Earth Group Inc (BRLT), up 30.7% to $18.49 / 12-Month Price Range: $ 10.63-18.23 / Short interest (% of float): 3.9%; days to cover: 0.5
  • Sundial Growers Inc (SNDL), up 27.8% to $.92 / YTD price return: +94.3% / 12-Month Price Range: $ .24-3.96 / Short interest (% of float): 14.5%; days to cover: 3.2
  • Xponential Fitness Inc (XPOF), up 20.8% to $23.60 / 12-Month Price Range: $ 9.87-20.29 / Short interest (% of float): 3.1%; days to cover: 1.0
  • Array Technologies Inc (ARRY), up 20.1% to $26.55 / YTD price return: -38.5% / 12-Month Price Range: $ 12.72-54.78 / Short interest (% of float): 9.3%; days to cover: #N/A
  • Xometry Inc (XMTR), up 18.2% to $54.17 / 12-Month Price Range: $ 40.90-97.57 / Short interest (% of float): 10.1%; days to cover: 15.6
  • Farfetch Ltd (FTCH), up 17.7% to $46.37 / YTD price return: -27.3% / 12-Month Price Range: $ 34.29-73.87 / Short interest (% of float): 5.6%; days to cover: 5.0
  • Gores Guggenheim Inc (GGPI), up 15.8% to $12.81 / 12-Month Price Range: $ 9.70-11.66 / Short interest (% of float): 3.0%; days to cover: 0.6
  • Arqit Quantum Inc (ARQQ), up 14.6% to $22.58 / 12-Month Price Range: $ 8.00-41.52 / Short interest (% of float): 1.7%; days to cover: 0.5
  • Volta Inc (VLTA), up 13.5% to $12.71 / YTD price return: +19.3% / 12-Month Price Range: $ 6.63-18.33 / Short interest (% of float): 2.2%; days to cover: 1.1
  • Hyzon Motors Inc (HYZN), up 13.0% to $7.11 / YTD price return: -32.9% / 12-Month Price Range: $ 5.09-19.95 / Short interest (% of float): 7.8%; days to cover: 2.2

BIGGEST LOSERS TODAY

  • D Market Elektronik Hizmetler ve Ticaret AS (HEPS), down 36.7% to $3.57 / 12-Month Price Range: $ 4.12-15.23 / Short interest (% of float): 0.2%; days to cover: 0.9 (the stock is currently on the short sale restriction list)
  • Jamf Holding Corp (JAMF), down 22.1% to $32.14 / YTD price return: +7.4% / 12-Month Price Range: $ 27.77-49.27 / Short interest (% of float): 11.0%; days to cover: 9.6 (the stock is currently on the short sale restriction list)
  • Fortuna Silver Mines Inc (FSM), down 21.7% to $3.87 / YTD price return: -53.0% / 12-Month Price Range: $ 3.74-9.85 / Short interest (% of float): 3.5%; days to cover: 2.8 (the stock is currently on the short sale restriction list)
  • WM Technology Inc (MAPS), down 19.6% to $9.33 / YTD price return: -26.9% / 12-Month Price Range: $ 10.08-29.50 / Short interest (% of float): 6.3%; days to cover: 5.3 (the stock is currently on the short sale restriction list)
  • F45 Training Holdings Inc (FXLV), down 18.9% to $12.98 / 12-Month Price Range: $ 12.40-17.75 (the stock is currently on the short sale restriction list)
  • Lordstown Motors Corp (RIDE), down 17.6% to $5.68 / YTD price return: -71.7% / 12-Month Price Range: $ 4.64-31.57 / Short interest (% of float): 28.1%; days to cover: 3.3 (the stock is currently on the short sale restriction list)
  • Natura & Co Holding SA (NTCO), down 17.0% to $12.23 / YTD price return: -38.8% / 12-Month Price Range: $ 12.86-23.73 / Short interest (% of float): 0.3%; days to cover: 1.6 (the stock is currently on the short sale restriction list)
  • Celsius Holdings Inc (CELH), down 14.7% to $83.35 / YTD price return: +65.7% / 12-Month Price Range: $ 25.50-110.22 (the stock is currently on the short sale restriction list)
  • Absci Corp (ABSI), down 13.7% to $11.18 / 12-Month Price Range: $ 9.62-31.53 / Short interest (% of float): 3.1%; days to cover: 10.8 (the stock is currently on the short sale restriction list)
  • Blacksky Technology Inc (BKSY), down 13.2% to $8.85 / YTD price return: -15.5% / 12-Month Price Range: $ 8.75-17.47 / Short interest (% of float): 3.6%; days to cover: 4.4 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

S&P 500 PEG Ratios By Sector | Sources: ϕpost, FactSet dataS&P 1500 EV/EBITDA Multiples By Sector | Sources: ϕpost, FactSet data

WEEKLY PERFORMANCE OF LARGEST EQUITY MARKETS

Weekly performance of main global equity markets | Sources: phipost.com, FactSet data

THE REBOUND IN CHINESE EQUITIES THIS WEEK WAS LED BY REAL ESTATE

Weekly Returns Of Chinese Equities By Sector | Sources: phipost.com, FactSet data

NEW IPOs ANNOUNCED OR PRICED

  • LAMF Global Ventures Corp I / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: LGVCU / Gross proceeds (including overallotment): US$ 220.00m (offering in U.S. Dollar) / Bookrunners: Wells Fargo Securities LLC
  • Uta Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: UTAAU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Credit Suisse Securities (USA) LLC
  • VMG Consumer Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: VMGA.U / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Credit Suisse Securities (USA) LLC, Moelis & Co
  • Weave Communications Inc / United States of America - High Technology / Listing Exchange: New York / Ticker: WEAV / Gross proceeds (including overallotment): US$ 120.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, Bofa Securities Inc
  • Pantheon Infrastructure PLC / United Kingdom - Financials / Listing Exchange: London / Ticker: PINT / Gross proceeds (including overallotment): US$ 534.84m (offering in British Pound) / Bookrunners: Investec Bank PLC
  • Jiangsu Haili Wind Power Equipment Technology Co Ltd / China - Industrials / Listing Exchange: ShenzChNxt / Ticker: 301155 / Gross proceeds (including overallotment): US$ 368.90m (offering in Chinese Yuan) / Bookrunners: Huatai United Securities Co Ltd
  • Net Protections Holdings Inc / Japan - High Technology / Listing Exchange: Tokyo 1 / Ticker: 7383 / Gross proceeds (including overallotment): US$ 333.07m (offering in Japanese Yen) / Bookrunners: Citigroup Global Markets Ltd, Credit Suisse (Hong Kong) Ltd, Daiwa Capital Markets Europe Ltd, SMBC Nikko Capital Markets
  • Hoegh Autoliners AS / Norway - Industrials / Listing Exchange: Oslo / Ticker: N/A / Gross proceeds (including overallotment): US$ 115.29m (offering in Norwegian Krone) / Bookrunners: Skandinaviska Enskilda Banken AB, DnB Markets AS, ABG Sundal Collier, Clarksons Platou Securities AS
  • One 97 Communications Ltd (Telecommunications Services | Noida, India), raised US$ 2,460 M, placing 85 M ordinary or common shares. Financial advisors on the transaction: HDFC Bank Ltd, JP Morgan India, Citigroup Global Markets India, Morgan Stanley India Co Pvt, ICICI Securities Ltd, Axis Capital Ltd, Goldman Sachs(India)Securities

NEW FOLLOW-ONS / SECONDARY OFFERINGS

  • Hain Celestial Group Inc / United States of America - Consumer Staples / Listing Exchange: Nasdaq / Ticker: HAIN / Gross proceeds (including overallotment): US$ 593.60m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC
  • Mirati Therapeutics Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: MRTX / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Cowen & Co, SVB Leerink LLC
  • Brookfield Infrastructure Partners LP / Canada - Industrials / Listing Exchange: New York / Ticker: BIP / Gross proceeds (including overallotment): US$ 483.32m (offering in U.S. Dollar) / Bookrunners: CIBC World Markets Inc, National Bank Financial Inc, Wells Fargo Securities LLC, BMO Capital Markets, RBC Dominion Securities Inc
  • Revolution Medicines Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: RVMD / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Diversey Holdings Ltd / United States of America - Materials / Listing Exchange: Nasdaq / Ticker: DSEY / Gross proceeds (including overallotment): US$ 225.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC
  • KnowBe4 Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: KNBE / Gross proceeds (including overallotment): US$ 206.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, KKR Capital Markets LLC, Morgan Stanley & Co LLC, Bofa Securities Inc
  • European Wax Center Inc / United States of America - Consumer Products and Services / Listing Exchange: Nasdaq / Ticker: EWCZ / Gross proceeds (including overallotment): US$ 157.49m (offering in U.S. Dollar) / Bookrunners: Jefferies LLC, Morgan Stanley & Co LLC, Bofa Securities Inc
  • Apria Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: APR / Gross proceeds (including overallotment): US$ 141.75m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc
  • 908 Devices Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: MASS / Gross proceeds (including overallotment): US$ 100.80m (offering in U.S. Dollar) / Bookrunners: Cowen & Co, SVB Leerink LLC
  • Aker BP ASA / Norway - Energy and Power / Listing Exchange: Oslo / Ticker: AKERBP / Gross proceeds (including overallotment): US$ 643.67m (offering in Norwegian Krone) / Bookrunners: Goldman Sachs International, DnB Markets AS, Pareto Securities, Morgan Stanley & Co. International plc, JP Morgan AG
  • Regie Nationale des Usines Renault SA / France - Industrials / Listing Exchange: Euro Paris / Ticker: RENA / Gross proceeds (including overallotment): US$ 350.78m (offering in EURO) / Bookrunners: BNP Paribas SA, Bank of America
  • Jiangsu Hengshun Vinegar-Industry Co Ltd / China - Consumer Staples / Listing Exchange: Shanghai / Ticker: 600305 / Gross proceeds (including overallotment): US$ 313.08m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Assura PLC / United Kingdom - Real Estate / Listing Exchange: London / Ticker: AGR / Gross proceeds (including overallotment): US$ 239.45m (offering in British Pound) / Bookrunners: Barclays Bank PLC, JP Morgan Cazenove, Stifel Nicolaus Europe Ltd
  • Wuxi NCE Power Co Ltd / China - High Technology / Listing Exchange: Shanghai / Ticker: 605111 / Gross proceeds (including overallotment): US$ 226.92m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • TI Fluid Systems PLC / United Kingdom - Industrials / Listing Exchange: London / Ticker: TIFS / Gross proceeds (including overallotment): US$ 133.71m (offering in British Pound) / Bookrunners: Deutsche Bank AG (London), Barclays Bank PLC, Goldman Sachs International, Numis Securities Ltd, Citigroup Global Markets Ltd, Peel Hunt LLP, JP Morgan Securities Plc
  • Wuxi Longsheng Technology Co Ltd / China - Industrials / Listing Exchange: ShenzChNxt / Ticker: 300680 / Gross proceeds (including overallotment): US$ 112.09m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Jiangsu Xiuqiang Glasswork Co Ltd / China - Materials / Listing Exchange: ShenzChNxt / Ticker: 300160 / Gross proceeds (including overallotment): US$ 109.01m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Haidilao International Holding Ltd (Food & Beverage Retailing | Beijing, China (Mainland)), raised US$ 302 M, placing 115 M ordinary or common shares. Financial advisors on the transaction: Morgan Stanley & Co. International plc