QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.34%; Nasdaq Composite up 0.45%; Wilshire 5000 up 0.08%
• 33.1% of S&P 500 stocks were up today, with 69.9% of stocks above their 200-day moving average (DMA) and 65.7% above their 50-DMA
• Top performing sectors in the S&P 500: consumer discretionary up 1.49% and technology up 1.02%
• Bottom performing sectors in the S&P 500: utilities down -0.54% and utilities down -0.54%
• The number of shares in the S&P 500 traded today was 552m for a total turnover of US$ 73 bn
• The S&P 500 Value Index was down -0.4%, while the S&P 500 Growth Index was up 0.9%; the S&P small caps index was down -0.4% and mid caps were down -0.2%
• The volume on CME's INX (S&P 500 Index) was 2.2m (3-month z-score: 0.6); 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 down -0.46%; UK FTSE 100 down -0.48%; tonight in Asia, the Hang Seng SH-SZ-HK 300 Index down -0.80%, Japan's TOPIX 500 up 0.15%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 13.5%, up from 12.3%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 12.3%, up from 11.1%

NOTABLE US EARNINGS RELEASES

• Intuit Inc (INTU | Technology): beat EPS median estimate (1.53 act. vs. 0.97 est.) and beat revenue median estimate (2,007m act. vs. 1,811m est.), down -0.96% today, closed at 628.94 and at 636.33 (+1.17%) after hours
• Applied Materials Inc (AMAT | Technology): missed EPS median estimate (1.94 act. vs. 1.95 est.) and missed revenue median estimate (6,123m act. vs. 6,330m est.), up 1.77% today, closed at 158.74 and at 158.48 (-0.16%) after hours
• Workday Inc (WDAY | Technology): beat EPS median estimate (1.10 act. vs. 0.86 est.) and beat revenue median estimate (1,327m act. vs. 1,307m est.), down -0.60% today, closed at 299.09 and at 301.85 (+0.92%) after hours

TOP WINNERS

• Dicerna Pharmaceuticals Inc (DRNA), up 78.7% to $38.03 / YTD price return: +72.6% / 12-Month Price Range: $ 19.06-40.14
• Sweetgreen Inc (SG), up 76.8% to $49.50 / 12-Month Price Range: $ #N/A-#N/A
• Macy's Inc (M), up 21.2% to $37.37 / YTD price return: +232.2% / 12-Month Price Range: $ 8.06-32.47
• BJ's Wholesale Club Holdings Inc (BJ), up 19.9% to $71.93 / YTD price return: +92.9% / 12-Month Price Range: $ 36.07-63.66
• Arcus Biosciences Inc (RCUS), up 18.0% to $43.54 / YTD price return: +67.7% / 12-Month Price Range: $ 22.36-42.36
• Victoria's Secret & Co (VSCO), up 14.7% to $57.91 / 12-Month Price Range: $ 39.79-76.00
• Arco Platform Ltd (ARCE), up 11.4% to $19.28 / YTD price return: -45.7% / 12-Month Price Range: $ 15.90-44.66
• Arrowhead Pharmaceuticals Inc (ARWR), up 11.0% to $70.75 / YTD price return: -7.8% / 12-Month Price Range: $ 56.05-93.66
• Yatsen Holding Ltd (YSG), up 10.7% to $2.99 / YTD price return: -82.4% / 12-Month Price Range: $ 2.67-25.47 / Short interest (% of float): 5.8%; days to cover: 5.8 (the stock is currently on the short sale restriction list)
• Kohls Corp (KSS), up 10.6% to $62.48 / YTD price return: +53.6% / 12-Month Price Range: $ 28.19-64.80

BIGGEST LOSERS

• Sono Group NV (SEV), down 23.3% to $29.29 / 12-Month Price Range: $ 20.06-38.74 (the stock is currently on the short sale restriction list)
• Standard Lithium Ltd (SLI), down 18.8% to $8.01 / YTD price return: +258.4% / 12-Month Price Range: $ 1.80-12.92 / Short interest (% of float): 2.2%; days to cover: 1.0 (the stock is currently on the short sale restriction list)
• Vipshop Holdings Ltd (VIPS), down 18.0% to $10.03 / YTD price return: -64.3% / 12-Month Price Range: $ 10.15-46.00 (the stock is currently on the short sale restriction list)
• Bilibili Inc (BILI), down 17.2% to $67.12 / YTD price return: -21.7% / 12-Month Price Range: $ 47.15-157.66 (the stock is currently on the short sale restriction list)
• Helmerich and Payne Inc (HP), down 16.5% to $26.16 / YTD price return: +13.0% / 12-Month Price Range: $ 18.94-36.26 / Short interest (% of float): 5.5%; days to cover: 4.8 (the stock is currently on the short sale restriction list)
• Mechel PAO (MTL), down 15.9% to $3.34 / YTD price return: +62.9% / 12-Month Price Range: $ 1.47-5.19 / Short interest (% of float): 0.5%; days to cover: 1.1 (the stock is currently on the short sale restriction list)
• Rivian Automotive Inc (RIVN), down 15.5% to $123.38 / 12-Month Price Range: $ 95.20-179.47 (the stock is currently on the short sale restriction list)
• Certara Inc (CERT), down 14.7% to $30.73 / YTD price return: -8.9% / 12-Month Price Range: $ 23.75-45.48 (the stock is currently on the short sale restriction list)
• Orion Office Reit Inc (ONL), down 13.7% to $17.88 / 12-Month Price Range: $ 20.57-31.98 (the stock is currently on the short sale restriction list)
• Scholar Rock Holding Corp (SRRK), down 13.3% to $29.78 / YTD price return: -38.6% / 12-Month Price Range: $ 25.25-70.00 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

NEW IPOs ANNOUNCED OR PRICED

• Sweetgreen Inc / United States of America - Retail / Listing Exchange: New York / Ticker: SG / Gross proceeds (including overallotment): US$ 364.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, JP Morgan Securities LLC
• Bullpen Parlay Acquisition Co / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: BPACU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc
• ExaWizards Inc / Japan - High Technology / Listing Exchange: Mothers / Ticker: 4259 / Gross proceeds (including overallotment): US$ 167.33m (offering in Japanese Yen) / Bookrunners: Mitsubishi UFJ Morgan Stanley Securities Co Ltd, SMBC Nikko Securities Inc
• Shoulderup Technology Acquisition Corp (Alternative Financial Investments | Kennesaw, Georgia), raised US$ 265 M, placing 27 M units. Financial advisors on the transaction: Roberts & Ryan Investments, Citigroup Global Markets Inc, Siebert Williams Shank & Co

NEW FOLLOW-ONS / SECONDARIES

• Kraft Heinz Co / United States of America - Consumer Staples / Listing Exchange: New York / Ticker: KHC / Gross proceeds (including overallotment): US$ 1,110.04m (offering in U.S. Dollar) / Bookrunners: Bofa Securities Inc
• Definitive Healthcare Corp / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: DH / Gross proceeds (including overallotment): US$ 396.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Barclays Capital Inc
• Certara Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: CERT / Gross proceeds (including overallotment): US$ 310.00m (offering in U.S. Dollar) / Bookrunners: Jefferies LLC, Morgan Stanley & Co LLC, Bofa Securities Inc
• Northern Oil & Gas Inc / United States of America - Energy and Power / Listing Exchange: NYSE MKT / Ticker: NOG / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC, Bofa Securities Inc
• Victory Capital Holdings Inc / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: VCTR / Gross proceeds (including overallotment): US$ 136.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Bofa Securities Inc
• Country Garden Services Holdings Co Ltd / China - Real Estate / Listing Exchange: Hong Kong / Ticker: 6098 / Gross proceeds (including overallotment): US$ 1,027.58m (offering in Hong Kong Dollar) / Bookrunners: UBS, Citigroup Global Markets Asia Ltd, China International Capital Corp HK Securities Ltd
• Altarea SCA / France - Real Estate / Listing Exchange: Euro Paris / Ticker: ALTA / Gross proceeds (including overallotment): US$ 396.23m (offering in EURO) / Bookrunners: Societe Generale SA, BNP Paribas SA, Morgan Stanley, Natixis, Credit Agricole Corporate & Investment Bank
• Converge ICT Solutions Inc / Philippines - High Technology / Listing Exchange: Philippine / Ticker: CNVRG / Gross proceeds (including overallotment): US$ 250.35m (offering in Philippine Peso) / Bookrunners: Morgan Stanley & Co, UBS