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 latest earnings of Alcoa Corporation reveals both negative and positive aspects of the company.</li><li>William Oplinger, Alcoa Corporation President and Chief Executive Officer, and Molly Beerman, Executive Vice President and Chief Financial Officer, gave crucial updates on the company's performance, recent activities and future prospects.</li><li>A significant positive was the proposed acquisition of Alumina Limited, aimed at giving Alcoa complete ownership over the Alcoa World Alumina and Chemicals Joint Venture.</li></ul>

The latest earnings of Alcoa Corporation reveals both negative and positive aspects of the company.William Oplinger, Alcoa Corporation President and Chief Executive Officer, and Molly Beerman, Executive Vice President and Chief Financial Officer, gave crucial updates on the company's performance, recent activities and future prospects.A significant positive was the proposed acquisition of Alumina Limited, aimed at giving Alcoa complete ownership over the Alcoa World Alumina and Chemicals Joint Venture.

Alcoa Corporation: Increasing Economic Interest in Assets via Alumina Limited Deal! - 5 Major Drivers

<ul><li>Alcoa highlighted improvement in safety and operational performance.</li><li>The company achieved production records at its three smelters in Canada and one in Norway, signalling strong operational capabilities and efficiency.</li><li>Improvements have been credited to a clear focus on values including integrity, operational excellence, and care for people.</li></ul>

Alcoa highlighted improvement in safety and operational performance.The company achieved production records at its three smelters in Canada and one in Norway, signalling strong operational capabilities and efficiency.Improvements have been credited to a clear focus on values including integrity, operational excellence, and care for people.

Alcoa Corporation: Strategic Acquisition of Alumina Marks a Milestone in the Metals Industry! - Key Drivers

<ul><li>Alcoa Corporation delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus regarding earnings.</li><li>Adjusted EBITDA saw a $67 million decrease to $70 million, with diminished revenue offset by reduced costs.</li><li>At the segment level, expectations include a $50 million improvement in alumina, offset by $10 million in higher energy costs.</li></ul>

Alcoa Corporation delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus regarding earnings.Adjusted EBITDA saw a $67 million decrease to $70 million, with diminished revenue offset by reduced costs.At the segment level, expectations include a $50 million improvement in alumina, offset by $10 million in higher energy costs.

Alcoa Corporation: Can The Strategic Cost Reduction & Competitiveness Enhancement Change The Game? - Major 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>While we are not yet out of the woods, we continue to see evidence that suggests the lows may be "in" for this pullback.</li>
<li>Last week (4/23/24 Compass) we discussed the possibility that further downside was limited on the S&amp;P 500 due to a multitude of reasons</li>
<li>We view the latest pullback to 100-day MA on SPX as healthy/normal within the ongoing bull market. Pullbacks to the 100-day provided ideal entry points throughout the 2021 bull market</li>
</ul>


While we are not yet out of the woods, we continue to see evidence that suggests the lows may be "in" for this pullback.
Last week (4/23/24 Compass) we discussed the possibility that further downside was limited on the S&amp;P 500 due to a multitude of reasons
We view the latest pullback to 100-day MA on SPX as healthy/normal within the ongoing bull market. Pullbacks to the 100-day provided ideal entry points throughout the 2021 bull market


Are the Lows "In" For This Pullback?; Market Dynamics Remain Bullish; Key Supports Holding

<ul><li>Alcoa delivered a solid result and managed an all-around beat in the last quarter.</li><li>The company had a mixed last quarter and reported slightly higher revenue and increased shipments but experienced challenges due to market conditions.</li><li>Despite lower alumina and aluminum prices, they improved net loss due to the nonrecurrence of specific charges.</li></ul>

Alcoa delivered a solid result and managed an all-around beat in the last quarter.The company had a mixed last quarter and reported slightly higher revenue and increased shipments but experienced challenges due to market conditions.Despite lower alumina and aluminum prices, they improved net loss due to the nonrecurrence of specific charges.

Alcoa Corp: New Carbon Capture Technology & Other Developments

United States

Alcoa Corporation manufactures metal products. The Company produces and sells bauxite, alumina, and aluminum products. Alcoa serves aluminum industry worldwide.

Alcoa (AA US)

Alcoa Corporation: Increasing Economic Interest in Assets via Alumina Limited Deal! - 5 Major Drivers

The latest earnings of Alcoa Corporation reveals both negative and positive aspects of the company. William Oplinger, Alcoa Corporation President...

Baptista Research

Alcoa Corporation: Strategic Acquisition of Alumina Marks a Milestone in the Metals Industry! - Key Drivers

Alcoa highlighted improvement in safety and operational performance. The company achieved production records at its three smelters in Canada and...

Baptista Research

Alcoa Corporation: Can The Strategic Cost Reduction & Competitiveness Enhancement Change The Game? - Major Drivers

Alcoa Corporation delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst...

Baptista Research

Are the Lows "In" For This Pullback?; Market Dynamics Remain Bullish; Key Supports Holding

Are the Lows "In" for this Pullback?; Market Dynamics Remain Bullish (RS for defensives $XLP, $XLU, $XLV below October 2023 lows among many other...

Vermilion Research

Alcoa Corp: New Carbon Capture Technology & Other Developments

Alcoa delivered a solid result and managed an all-around beat in the last quarter. The company had a mixed last quarter and reported slightly...

Baptista Research