Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

Waste Management / Equity Capital Markets

<ul><li>Waste Management delivered a highly disappointing result in the last quarter and did not live up to analyst expectations with respect to revenues as well as earnings.</li><li>They observed a slowdown in the rate of labor increases and remained committed to managing operating costs and bending costs to match shifting volumes.</li><li>The company advanced its planned recycling investments and provided more details in the supplemental presentation on its website.</li></ul>

Waste Management delivered a highly disappointing result in the last quarter and did not live up to analyst expectations with respect to revenues as well as earnings.They observed a slowdown in the rate of labor increases and remained committed to managing operating costs and bending costs to match shifting volumes.The company advanced its planned recycling investments and provided more details in the supplemental presentation on its website.

<ul><li>Waste Management had remarkable organic revenue growth, driven by a collection and disposal yield of 6.2%.</li><li>The company continues to combat widespread inflationary cost pressures and its pricing has accelerated sequentially.</li><li>Overall, we give Waste Management a 'Hold' rating with a revised target price.</li></ul>

Waste Management had remarkable organic revenue growth, driven by a collection and disposal yield of 6.2%.The company continues to combat widespread inflationary cost pressures and its pricing has accelerated sequentially.Overall, we give Waste Management a 'Hold' rating with a revised target price.

Waste Management: Recent Acquisitions & Other Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>After a substantial rally, the S&amp;P500 was unable to break above its 200-day MA and market indexes have violated steep 5-week uptrends; we view this pullback as a critical test.</li>
<li>This is where we see if prior breakout levels/important moving averages hold and market indexes make a higher low, or if this was nothing more than a bear market rally.</li>
<li>Barring a Fed pivot, and with Treasury yields and the DXY inflecting higher (and potentially commodities, too), it increases the odds for a deeper pullback in the broad market indexes.</li>
</ul>


After a substantial rally, the S&amp;P500 was unable to break above its 200-day MA and market indexes have violated steep 5-week uptrends; we view this pullback as a critical test.
This is where we see if prior breakout levels/important moving averages hold and market indexes make a higher low, or if this was nothing more than a bear market rally.
Barring a Fed pivot, and with Treasury yields and the DXY inflecting higher (and potentially commodities, too), it increases the odds for a deeper pullback in the broad market indexes.


Don't Fight the Fed; Pullback Underway as Rising DXY and 10-Yr Treasury Yield Back to Being Headwind

Credit

<ul><li>Waste Management Inc is the market leader in the waste management business with a dominant share in the U.S. market.</li><li>The company’s strong performance in the initial months of the year has set the tone for the remainder of 2022.</li><li>Among major developments, the seventeenth R&D plant in their network and the fifth created by Waste Management will be coming online shortly in Oklahoma.</li></ul>

Waste Management Inc is the market leader in the waste management business with a dominant share in the U.S. market.The company’s strong performance in the initial months of the year has set the tone for the remainder of 2022.Among major developments, the seventeenth R&D plant in their network and the fifth created by Waste Management will be coming online shortly in Oklahoma.

Waste Management Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Bottom-Up

<ul><li>This is our first report on Waste Management Inc, the market leader in the waste management business.</li><li>Waste Management has also been working towards optimizing cost structures and reducing operating expenses.</li><li>Among major developments, the seventeenth R&D plant in their network and the fifth created by Waste Management will be coming online shortly in Oklahoma.</li></ul>

This is our first report on Waste Management Inc, the market leader in the waste management business.Waste Management has also been working towards optimizing cost structures and reducing operating expenses.Among major developments, the seventeenth R&D plant in their network and the fifth created by Waste Management will be coming online shortly in Oklahoma.

Waste Management Inc.: Initiation of Coverage – Market Leadership

United States

Waste Management, Inc. provides waste management services including collection, transfer, recycling, resource recovery and disposal services, and operates waste-to-energy facilities.  The Company serves municipal, commercial, industrial, and residential customers throughout North America.

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Waste Management (WM US)

Waste Management Company: Key Drivers

Waste Management delivered a highly disappointing result in the last quarter and did not live up to analyst expectations with respect to revenues...

Baptista Research

Waste Management: Recent Acquisitions & Other Drivers

Waste Management had remarkable organic revenue growth, driven by a collection and disposal yield of 6.2%. The company continues to combat...

Baptista Research

Don't Fight the Fed; Pullback Underway as Rising DXY and 10-Yr Treasury Yield Back to Being Headwind

$SPX $QQQ $IWM Pullback Underway as Rising $DXY and 10-Yr Treasury Yield Back to Being Headwind; Commodities $DJP $BCOM Attempting to Break Out....

Vermilion Research

Waste Management Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Waste Management Inc is the market leader in the waste management business with a dominant share in the U.S. market. The company’s strong...

Baptista Research

Waste Management Inc.: Initiation of Coverage – Market Leadership

This is our first report on Waste Management Inc, the market leader in the waste management business. Waste Management has also been working...

Baptista Research

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