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>Advance Auto Parts presented its third quarter financial results alongside a strategic update, showcasing a mixture of progress and challenges.</li><li>From a high-level perspective, the company reported a 3% growth in comparable sales, marking a positive trajectory in both Professional (Pro) and Do-It-Yourself (DIY) channels.</li><li>The adjusted operating margin expanded significantly by 370 basis points year-over-year to 4.4%, indicating improvements in operational efficiency.</li></ul>

Advance Auto Parts presented its third quarter financial results alongside a strategic update, showcasing a mixture of progress and challenges.From a high-level perspective, the company reported a 3% growth in comparable sales, marking a positive trajectory in both Professional (Pro) and Do-It-Yourself (DIY) channels.The adjusted operating margin expanded significantly by 370 basis points year-over-year to 4.4%, indicating improvements in operational efficiency.

Advance Auto Parts: The Game-Changing Network Buildout Using Repurposed vs. Greenfield Hubs!

J Capital Research

Independent Insight Provider

J Capital Research, a U.S. company, publishes highly diligenced research reports on publicly traded companies, relying on deep, on-the-ground primary research. J Capital has particular expertise in the Chinese market, but we look at over-valued companies throughout the world. As an activist short- and long-research shop, when we form a clear view, we publish free, public reports to inform the investing public and never disguise our identity. We believe the internet has afforded an opportunity to small, unaffiliated investors to leapfrog the big banks, with their conflicts of interest, and obtain unbiased information on traded companies. We pride ourselves on our independence and the quality of our work. We hope the work speaks for itself.

<ul><li>Advance Auto Parts (AAP) continues to struggle even after two major restructuring programs.</li><li>For 2025, this seller of after-market auto parts has pulled out a save from liquidity constraints by raising cash, extending debt maturities, shedding assets, and streamlining operations.</li><li>But that brings AAP near to the bottom of its bag of tricks.</li></ul>

Advance Auto Parts (AAP) continues to struggle even after two major restructuring programs.For 2025, this seller of after-market auto parts has pulled out a save from liquidity constraints by raising cash, extending debt maturities, shedding assets, and streamlining operations.But that brings AAP near to the bottom of its bag of tricks.

<ul><li>The recent earnings for Advance Auto Parts reveal a nuanced picture of its current performance and future strategy, combining encouraging developments with persistent challenges.</li><li>One of the key positives is a rebound in demand, particularly in the Pro business, which has now delivered eight consecutive weeks of positive comparable sales growth.</li><li>This recovery has been credited to enhanced customer service efforts.</li></ul>

The recent earnings for Advance Auto Parts reveal a nuanced picture of its current performance and future strategy, combining encouraging developments with persistent challenges.One of the key positives is a rebound in demand, particularly in the Pro business, which has now delivered eight consecutive weeks of positive comparable sales growth.This recovery has been credited to enhanced customer service efforts.

Advance Auto Parts: Augmenting Pro Segment Loyalty With Rapid Delivery & Sales Team Revamp!

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

Invesco QQQ Trust Series 1 / Technical Analysis

<ul>
<li>Following panic selling that we have outlined over the past month, we finally saw panic buying last Friday in the form of 92% upside volume on the NYSE.</li>
<li>There is hope that this panic buying could signal a major bottom, but we still need to see more confirmation before declaring that the low is in.</li>
<li>We are watching the Nasdaq 100 (QQQ) and the steep RS uptrends on Utilities (XLU) and Staples (XLP) for more confirmation that a major low is in place. Details below.</li>
</ul>


Following panic selling that we have outlined over the past month, we finally saw panic buying last Friday in the form of 92% upside volume on the NYSE.
There is hope that this panic buying could signal a major bottom, but we still need to see more confirmation before declaring that the low is in.
We are watching the Nasdaq 100 (QQQ) and the steep RS uptrends on Utilities (XLU) and Staples (XLP) for more confirmation that a major low is in place. Details below.


Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>The false breakout in the Russell 2000 (IWM) tells us that the mixed market environment is back, and we no longer see a broad-based bull market.</li>
<li>Key supports: 4545 on S&amp;P 500, $383 on NDX (QQQ), $208 on Russell 2000 (IWM), $135 on MicroCaps (IWC), $76.50 on MSCI EAFE (EFA), $54 on MSCI ACWI exUS (ACWX)</li>
<li>If supports hold we expect more consolidation and mixed markets ahead. However, if supports start to break we would turn bearish as we would expect a more significant correction.</li>
</ul>


The false breakout in the Russell 2000 (IWM) tells us that the mixed market environment is back, and we no longer see a broad-based bull market.
Key supports: 4545 on S&amp;P 500, $383 on NDX (QQQ), $208 on Russell 2000 (IWM), $135 on MicroCaps (IWC), $76.50 on MSCI EAFE (EFA), $54 on MSCI ACWI exUS (ACWX)
If supports hold we expect more consolidation and mixed markets ahead. However, if supports start to break we would turn bearish as we would expect a more significant correction.


U.S. Equity Strategy: Major Indexes Testing Critical Supports; Buying Consumer Discretionary Stocks

United States

Advance Auto Parts, Inc. is a retailer of auto parts and accessories. The Company operates stores in various states, primarily  located in the northeastern, southeastern, and midwestern regions of the United States, and in Puerto Rico and the Virgin Islands.

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Advance Auto Parts (AAP US)

Advance Auto Parts: The Game-Changing Network Buildout Using Repurposed vs. Greenfield Hubs!

Advance Auto Parts presented its third quarter financial results alongside a strategic update, showcasing a mixture of progress and...

Baptista Research

Advance Auto Parts (AAP): Out of Gas

Advance Auto Parts (AAP) continues to struggle even after two major restructuring programs. For 2025, this seller of after-market auto parts has...

J Capital Research

Advance Auto Parts: Augmenting Pro Segment Loyalty With Rapid Delivery & Sales Team Revamp!

The recent earnings for Advance Auto Parts reveal a nuanced picture of its current performance and future strategy, combining encouraging...

Baptista Research

Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts

We finally saw panic buying last Friday in the form of 92% upside volume on the NYSE. There is hope that this panic buying could signal that a...

Vermilion Research

U.S. Equity Strategy: Major Indexes Testing Critical Supports; Buying Consumer Discretionary Stocks

Market dynamics have deteriorated along with the major averages, and many are testing critical supports; as long as supports hold we expect more...

Vermilion Research

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