QUICK SUMMARY

• Daily performance of US indices: S&P 500 down -0.14%; Nasdaq Composite up 0.05%; Wilshire 5000 down -0.16%
• 36.0% of S&P 500 stocks were up today, with 68.9% of stocks above their 200-day moving average (DMA) and 59.8% above their 50-DMA
• Top performing sectors in the S&P 500: healthcare up 1.04% and technology up 0.10%
• Bottom performing sectors in the S&P 500: industrials down -1.15% and materials down -0.99%
• The number of shares in the S&P 500 traded today was 728m for a total turnover of US$ 99 bn
• The S&P 500 Value Index was down -0.4%, while the S&P 500 Growth Index was up 0.1%; the S&P small caps index was down -0.4% and mid-caps were down -0.4%
• The volume on CME's INX (S&P 500 Index) was 2.7m (3-month z-score: 0.8); the 3-month average volume is 2.2m and the 12-month range is 1.3 - 4.6m
• Daily performance of international indices: Europe Stoxx 600 down -1.48%; UK FTSE 100 down -0.53%; tonight in Asia, the Hang Seng SH-SZ-HK 300 Index up 0.01%, Japan's TOPIX 500 down -0.58%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 14.7%, up from 14.2%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 15.1%, up from 13.5%

TOP WINNERS

• Zynga Inc (ZNGA), up 40.7% to $8.44 / YTD price return: +31.9% / 12-Month Price Range: $ 5.57-12.32
• BioCryst Pharmaceuticals Inc (BCRX), up 27.9% to $14.78 / YTD price return: +6.7% / 12-Month Price Range: $ 7.45-18.48
• iRhythm Technologies Inc (IRTC), up 27.6% to $130.04 / YTD price return: +10.5% / 12-Month Price Range: $ 41.66-286.19
• Apria Inc (APR), up 26.1% to $37.48 / YTD price return: +15.0% / 12-Month Price Range: $ 20.07-40.00
• Olink Holding AB (publ) (OLK), up 23.8% to $14.46 / YTD price return: -20.5% / 12-Month Price Range: $ 10.64-42.20
• Discovery Inc (DISCB), up 21.2% to $44.50 / YTD price return: +49.6% / 12-Month Price Range: $ 27.19-150.72 / Short interest (% of float): 1.1%; days to cover: 1.2
• CareDx Inc (CDNA), up 18.5% to $46.29 / YTD price return: +1.8% / 12-Month Price Range: $ 38.43-99.83
• Treace Medical Concepts Inc (TMCI), up 14.9% to $20.25 / YTD price return: +8.6% / 12-Month Price Range: $ 15.00-37.17
• Sema4 Holdings Corp (SMFR), up 13.6% to $4.67 / YTD price return: +4.7% / 12-Month Price Range: $ 3.91-27.18
• Tilray Brands Inc (TLRY), up 13.6% to $7.29 / YTD price return: +3.7% / 12-Month Price Range: $ 6.29-67.00

BIGGEST LOSERS

• Bird Global Inc (BRDS), down 17.6% to $4.78 / YTD price return: -22.5% / 12-Month Price Range: $ 5.58-11.32 / Short interest (% of float): 1.4%; days to cover: 2.1 (the stock is currently on the short sale restriction list)
• Amicus Therapeutics Inc (FOLD), down 17.2% to $9.45 / YTD price return: -18.2% / 12-Month Price Range: $ 8.60-23.85 (the stock is currently on the short sale restriction list)
• Beauty Health Co (SKIN), down 16.7% to $18.46 / YTD price return: -23.6% / 12-Month Price Range: $ 9.71-30.17 (the stock is currently on the short sale restriction list)
• Nurix Therapeutics Inc (NRIX), down 15.9% to $23.27 / YTD price return: -19.6% / 12-Month Price Range: $ 21.53-51.46 (the stock is currently on the short sale restriction list)
• Benson Hill Inc (BHIL), down 14.5% to $5.68 / YTD price return: -22.1% / 12-Month Price Range: $ 5.50-12.25 / Short interest (% of float): 1.1%; days to cover: 2.4 (the stock is currently on the short sale restriction list)
• Take-Two Interactive Software Inc (TTWO), down 13.1% to $142.99 / YTD price return: -19.5% / 12-Month Price Range: $ 144.58-214.91 (the stock is currently on the short sale restriction list)
• Iovance Biotherapeutics Inc (IOVA), down 11.4% to $14.42 / YTD price return: -24.5% / 12-Month Price Range: $ 15.71-54.21 (the stock is currently on the short sale restriction list)
• Sarepta Therapeutics Inc (SRPT), down 10.9% to $76.15 / YTD price return: -15.4% / 12-Month Price Range: $ 65.30-103.34 (the stock is currently on the short sale restriction list)
• Arrival SA (ARVL), down 9.7% to $6.49 / YTD price return: -12.5% / 12-Month Price Range: $ 6.65-31.97 (the stock is currently on the short sale restriction list)
• Allogene Therapeutics Inc (ALLO), down 9.4% to $12.20 / YTD price return: -18.2% / 12-Month Price Range: $ 12.90-39.12 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

4Q 2021 EARNINGS CALENDAR

• The last week of January and the first week of February will see reporting from more than half of the S&P 500 market cap
• Some large financials reporting later this week, with JP Morgan, Wells Fargo, Blackrock and Citi on deck