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 Bottom-Up

<ul><li>The Gap, Inc. has been seeing an amazing upward momentum after it managed to surpass the revenue and earnings expectations of Wall Street.</li><li>Despite a 7% dip in revenue and a 2% decrease in comp sales, the third quarter showcased improved margins, expenses, and cash flow.</li><li>Old Navy saw a positive 1% comp, driven by women's and back-to-school strength, while Gap brand found success in women's and baby segments.</li></ul>

The Gap, Inc. has been seeing an amazing upward momentum after it managed to surpass the revenue and earnings expectations of Wall Street.Despite a 7% dip in revenue and a 2% decrease in comp sales, the third quarter showcased improved margins, expenses, and cash flow.Old Navy saw a positive 1% comp, driven by women's and back-to-school strength, while Gap brand found success in women's and baby segments.

The Gap Inc.: How They're Reclaiming Their Throne in the Fashion Industry! - Major Drivers

<ul><li>The Gap, Inc. delivered a mixed result in the quarter, with revenues below expectations but surpassed the analyst consensus regarding earnings.</li><li>The company continued to enhance its cash flows and strengthen its balance sheet by reducing inventory by 29% year over year, generating over $300 million in free cash flow.</li><li>Second quarter sales were down in the mid- to high single digits, with net sales of $3.5 billion, down 8% from last year.</li></ul>

The Gap, Inc. delivered a mixed result in the quarter, with revenues below expectations but surpassed the analyst consensus regarding earnings.The company continued to enhance its cash flows and strengthen its balance sheet by reducing inventory by 29% year over year, generating over $300 million in free cash flow.Second quarter sales were down in the mid- to high single digits, with net sales of $3.5 billion, down 8% from last year.

The Gap Inc.: A Bold Strategy To Strengthen Their Balance Sheet! - Major Drivers

<ul><li>Gap delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>Total sales for the Gap Brand were $692 million, down 1% from last year, mostly due to store closures in North America.</li><li>The company further collaborated with Mattel to launch a series of product releases, beginning with the Gap x Barbie collection.</li></ul>

Gap delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.Total sales for the Gap Brand were $692 million, down 1% from last year, mostly due to store closures in North America.The company further collaborated with Mattel to launch a series of product releases, beginning with the Gap x Barbie collection.

The Gap Inc.: Reinventing Banana Republic

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>Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.</li>
<li>Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.</li>
<li>Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.</li>
</ul>


Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.
Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.
Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.


U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

Forensics and Corporate Governance Analyst, Beat the Street

Nimish Maheshwari

Forensics and Corporate Governance Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Industria De Diseno Textil SA / Equity Bottom-Up

<ul>
<li>Bangladesh's garment industry grapples with a 14% export dip, prompting worker unrest over wage discrepancies.</li>
<li>Efforts by a wage board fall short as workers advocate for a Tk25,000 minimum, seeking fair compensation.</li>
<li>Economic turbulence looms as 3,500 factories, constituting 85% of exports, confront closure amid widespread unrest.</li>
</ul>


Bangladesh's garment industry grapples with a 14% export dip, prompting worker unrest over wage discrepancies.
Efforts by a wage board fall short as workers advocate for a Tk25,000 minimum, seeking fair compensation.
Economic turbulence looms as 3,500 factories, constituting 85% of exports, confront closure amid widespread unrest.


Beyond Fashion: Unraveling Bangladesh's Garment Industry Challenges

United States

The Gap, Inc., is an international specialty retailer operating retail and outlet stores.  The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan.

Gap Inc/The (GPS US)

The Gap Inc.: How They're Reclaiming Their Throne in the Fashion Industry! - Major Drivers

The Gap, Inc. has been seeing an amazing upward momentum after it managed to surpass the revenue and earnings expectations of Wall Street. Despite...

Baptista Research

The Gap Inc.: A Bold Strategy To Strengthen Their Balance Sheet! - Major Drivers

The Gap, Inc. delivered a mixed result in the quarter, with revenues below expectations but surpassed the analyst consensus regarding...

Baptista Research

The Gap Inc.: Reinventing Banana Republic

Gap delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par...

Baptista Research

U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

U.S. Dollar $DXY Rolling Over; 10- and 30-Yr Treasury Yields Hit Major Resistance; Small-Caps to Follow Mid- and Large-Caps to New Highs $IWM $RTY...

Vermilion Research

Beyond Fashion: Unraveling Bangladesh's Garment Industry Challenges

Bangladesh's garment industry faces export decline and worker unrest over wage disparities, risking economic turbulence with potential factory...

Nimish Maheshwari

The Gap Inc.: How They're Reclaiming Their Throne in the Fashion Industry! - Major Drivers

The Gap, Inc. has been seeing an amazing upward momentum after it managed to surpass the revenue and earnings expectations of Wall Street. Despite...

Baptista Research

The Gap Inc.: A Bold Strategy To Strengthen Their Balance Sheet! - Major Drivers

The Gap, Inc. delivered a mixed result in the quarter, with revenues below expectations but surpassed the analyst consensus regarding...

Baptista Research

The Gap Inc.: Reinventing Banana Republic

Gap delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par...

Baptista Research

U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

U.S. Dollar $DXY Rolling Over; 10- and 30-Yr Treasury Yields Hit Major Resistance; Small-Caps to Follow Mid- and Large-Caps to New Highs $IWM $RTY...

Vermilion Research

Beyond Fashion: Unraveling Bangladesh's Garment Industry Challenges

​Bangladesh's garment industry faces export decline and worker unrest over wage disparities, risking economic turbulence with potential factory...

Nimish Maheshwari

Bangladesh's garment industry faces export decline and worker unrest over wage disparities, risking economic turbulence with potential factory...