Equities Finished The Week On A Less Volatile Note, With Total US Market Capitalization Edging Back Above $50 Trillion

Looking at the top- and bottom-performing countries year-to-date, it's still very much about commodities and inflation, with exporters doing well (with the exception of Russia) and big importers doing badly

Published Apr 2, 2022 12:48 AM ET

Equities Year To Date Total Returns By Country | Sources: ϕpost, Refinitiv data

DAILY SUMMARY

Daily performance of US indices: S&P 500 up 0.34%; Nasdaq Composite up 0.29%; Wilshire 5000 up 0.43%
66.3% of S&P 500 stocks were up today, with 51.7% of stocks above their 200-day moving average (DMA) and 62.2% above their 50-DMA
Top performing sectors in the S&P 500: real estate up 2.02% and utilities up 1.45%
Bottom performing sectors in the S&P 500: industrials down -0.70% and financials down -0.21%
The number of shares in the S&P 500 traded today was 681m for a total turnover of US$ 75 bn
The S&P 500 Value Index was up 0.5%, while the S&P 500 Growth Index was up 0.2%; the S&P small caps index was up 1.0% and mid-caps were up 0.6%
The volume on CME's INX (S&P 500 Index) was 2.3m (3-month z-score: -0.8); the 3-month average volume is 2.7m and the 12-month range is 1.3 - 4.6m
Daily performance of international indices: Europe Stoxx 600 up 0.54%; UK FTSE 100 up 0.30%; Hang Seng SH-SZ-HK 300 Index up 0.89%; Japan's TOPIX 500 down -0.13%

VOLATILITY

1-month at-the-money implied volatility on the S&P 500 at 15.8%, down from 16.3%
1-month at-the-money implied volatility on the Europe Stoxx 600 at 17.4%, down from 17.8%

S&P 500 Performance By Sector This Week | Sources: ϕpost, Refinitiv data

S&P 500 Measures of Implied Volatility Skew | Sources: ϕpost, Refinitiv data

TOP WINNERS

Tellurian Inc (TELL), up 19.6% to $6.34 / YTD price return: +105.8% / 12-Month Price Range: $ 1.62-5.94 / Short interest (% of float): 17.6%; days to cover: 4.1
NGM Biopharmaceuticals Inc (NGM), up 14.8% to $17.50 / 12-Month Price Range: $ 13.34-30.27 / Short interest (% of float): 4.5%; days to cover: 14.9
Sigma Lithium Corp (SGML), up 14.3% to $15.53 / 12-Month Price Range: $ 3.84-15.22 / Short interest (% of float): 0.2%; days to cover: 1.1
Phreesia Inc (PHR), up 13.9% to $30.02 / 12-Month Price Range: $ 22.89-76.10 / Short interest (% of float): 3.4%; days to cover: 3.8 (the stock is currently on the short sale restriction list)
nCino Inc (NCNO), up 13.7% to $46.58 / YTD price return: -15.1% / 12-Month Price Range: $ 37.65-79.43 / Short interest (% of float): 4.8%; days to cover: 5.0
Ke Holdings Inc (BEKE), up 13.3% to $14.01 / YTD price return: -30.4% / 12-Month Price Range: $ 7.31-62.20 / Short interest (% of float): 2.6%; days to cover: 1.6
DiDi Global Inc (DIDI), up 12.8% to $2.82 / YTD price return: -43.4% / 12-Month Price Range: $ 1.71-18.01 / Short interest (% of float): 0.7%; days to cover: 0.8 (the stock is currently on the short sale restriction list)
Alphatec Holdings Inc (ATEC), up 12.1% to $12.89 / YTD price return: +12.8% / 12-Month Price Range: $ 9.06-18.00 / Short interest (% of float): 9.0%; days to cover: 11.4
SAGE Therapeutics Inc (SAGE), up 11.8% to $37.00 / YTD price return: -13.0% / 12-Month Price Range: $ 30.48-81.00 / Short interest (% of float): 6.2%; days to cover: 4.6
Astra Space Inc (ASTR), up 11.7% to $4.31 / 12-Month Price Range: $ 2.87-16.95 / Short interest (% of float): 12.2%; days to cover: 2.3

BIGGEST LOSERS

Redwire Corp (RDW), down 28.7% to $6.05 / YTD price return: -10.4% / 12-Month Price Range: $ 4.25-16.98 / Short interest (% of float): 9.0%; days to cover: 2.2 (the stock is currently on the short sale restriction list)
Pulse Biosciences Inc (PLSE), down 27.0% to $3.55 / YTD price return: -76.0% / 12-Month Price Range: $ 4.14-29.16 / Short interest (% of float): 19.9%; days to cover: 11.1 (the stock is currently on the short sale restriction list)
Shapeways Holdings Inc (SHPW), down 21.0% to $2.26 / YTD price return: -39.1% / 12-Month Price Range: $ 2.11-12.81 / Short interest (% of float): 1.0%; days to cover: 2.7 (the stock is currently on the short sale restriction list)
Allego NV (ALLG), down 18.5% to $12.32 / YTD price return: +24.8% / 12-Month Price Range: $ 5.66-28.44 / Short interest (% of float): 0.1%; days to cover: 0.5 (the stock is currently on the short sale restriction list)
Spero Therapeutics Inc (SPRO), down 18.3% to $7.11 / 12-Month Price Range: $ 7.51-19.87 / Short interest (% of float): 11.6%; days to cover: 20.8 (the stock is currently on the short sale restriction list)
Inspirato Inc (ISPO), down 16.1% to $8.34 / YTD price return: -17.4% / 12-Month Price Range: $ 7.70-108.00 / Short interest (% of float): 3.3%; days to cover: 1.0 (the stock is currently on the short sale restriction list)
Blend Labs Inc (BLND), down 15.8% to $4.80 / 12-Month Price Range: $ 5.67-21.04 / Short interest (% of float): 6.4%; days to cover: 5.6 (the stock is currently on the short sale restriction list)
Charah Solutions Inc (CHRA), down 15.6% to $4.21 / 12-Month Price Range: $ 3.94-6.63 / Short interest (% of float): 1.0%; days to cover: 3.3 (the stock is currently on the short sale restriction list)
PAM Transportation Services Inc (PTSI), down 14.5% to $29.70 / 12-Month Price Range: $ 12.94-40.89 / Short interest (% of float): 2.2%; days to cover: 2.5 (the stock is currently on the short sale restriction list)
IGM Biosciences Inc (IGMS), down 14.4% to $22.87 / 12-Month Price Range: $ 13.11-99.44 / Short interest (% of float): 30.6%; days to cover: 16.7 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

S&P 500 Forward PE By Sector | Sources: ϕpost, FactSet data

S&P 500 Forward EV/EBITDA Multiples By Sector | Sources: ϕpost, FactSet data

WEEKLY PERFORMANCE OF THE LARGEST GLOBAL MARKETS

Weekly Performance OF the Largest Equity Markets | Sources: phipost.com, FactSet data

TOP / BOTTOM PERFORMING COUNTRIES THIS YEAR

Top / Bottom Performing Countries YTD | Sources: phipost.com, FactSet data

WORLD MARKET CAP BY COUNTRY (US$ tn)

World Market Capitalization by country (in US$ Trillion) | Sources: phipost.com, FactSet data