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

Nasdaq-100 Stock Index / Technical Analysis

<ul>
<li>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), and we will stay that way as long as support at 7507-7580 holds.</li>
<li>We also remain bullish on Technology and A.I. areas (XLK, SOXX, DRAM), and we have Technology on watch for a potential upgrade to overweight.</li>
<li>The Nasdaq 100 (QQQ) and the XLK are both breaking out of their 4-month bases, a very bullish sign as long as $745 and $197 supports hold on any pullbacks.</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), and we will stay that way as long as support at 7507-7580 holds.
We also remain bullish on Technology and A.I. areas (XLK, SOXX, DRAM), and we have Technology on watch for a potential upgrade to overweight.
The Nasdaq 100 (QQQ) and the XLK are both breaking out of their 4-month bases, a very bullish sign as long as $745 and $197 supports hold on any pullbacks.


Nasdaq 100 and Technology (XLK) With 4-Month Base Breakouts; Downgrading Staples to Underweight

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>Arrow Electronics reported second-quarter 2026 revenue of $10 billion, up 32% year-over-year, while operating margin expanded 120 basis points to 4%, exceeding expectations.</li><li>Non-GAAP EPS rose 124% to $5.45, supported by unit volume growth, price inflation, disciplined expense and working capital management, and operating leverage.</li><li>Demand remained broad across geographies, verticals, and customer segments, with strength in industrial, aerospace and defense, transportation, and technology markets influenced by AI investment.</li></ul>

Arrow Electronics reported second-quarter 2026 revenue of $10 billion, up 32% year-over-year, while operating margin expanded 120 basis points to 4%, exceeding expectations.Non-GAAP EPS rose 124% to $5.45, supported by unit volume growth, price inflation, disciplined expense and working capital management, and operating leverage.Demand remained broad across geographies, verticals, and customer segments, with strength in industrial, aerospace and defense, transportation, and technology markets influenced by AI investment.

Arrow Electronics’ $1 Billion Cash Flow Milestone — Financial Flexibility Is Building!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/arrow-electronics-inc">Arrow Electronics</a> is a leading global distributor of electronic components and enterprise computing solutions, strategically positioned to benefit from long-term technology trends such as AI, IoT, and electrification.</li>
  <li>The company has demonstrated strong recent performance, with significant year-over-year revenue growth and margin expansion in the first half of 2026, driven by volume growth and operational leverage.</li>
  <li>Despite a positive near-term outlook fueled by strong momentum and demand in key sectors, the company faces risks related to the cyclicality of the electronics industry, potential margin pressures, and the need for sustained demand across its diverse end markets.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Arrow Electronics is a leading global distributor of electronic components and enterprise computing solutions, strategically positioned to benefit from long-term technology trends such as AI, IoT, and electrification.
  The company has demonstrated strong recent performance, with significant year-over-year revenue growth and margin expansion in the first half of 2026, driven by volume growth and operational leverage.
  Despite a positive near-term outlook fueled by strong momentum and demand in key sectors, the company faces risks related to the cyclicality of the electronics industry, potential margin pressures, and the need for sustained demand across its diverse end markets.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Arrow Electronics (ARW US) - Aug 2026

<ul><li>Arrow Electronics reported strong financial results for the first quarter of fiscal 2026, highlighted by a 39% year-over-year increase in total revenue to $9.5 billion and a 160 basis point expansion in operating margin to 4.2%.</li><li>Non-GAAP diluted earnings per share rose significantly by 190% to $5.22, driven by volume growth, operational leverage, and favorable business mix, including increased contributions from higher-margin value-added services such as supply chain management.</li><li>This performance exceeded guidance expectations and demonstrated improvements across both global components and enterprise computing solutions (ECS) segments.</li></ul>

Arrow Electronics reported strong financial results for the first quarter of fiscal 2026, highlighted by a 39% year-over-year increase in total revenue to $9.5 billion and a 160 basis point expansion in operating margin to 4.2%.Non-GAAP diluted earnings per share rose significantly by 190% to $5.22, driven by volume growth, operational leverage, and favorable business mix, including increased contributions from higher-margin value-added services such as supply chain management.This performance exceeded guidance expectations and demonstrated improvements across both global components and enterprise computing solutions (ECS) segments.

Arrow Electronics’ $9.5B Quarter: Can AI Demand Offset Margin Risks?

<ul><li>Arrow Electronics delivered a robust performance in its fourth quarter and full-year 2025 results.</li><li>The company's global operations, spanning electronic components and enterprise computing solutions (ECS), showcased significant growth and adaptability, both of which are critical in a gradually recovering market environment.</li><li>Revenue increased by 20% year-over-year, and non-GAAP EPS surged by 48%, exceeding market expectations.</li></ul>

Arrow Electronics delivered a robust performance in its fourth quarter and full-year 2025 results.The company's global operations, spanning electronic components and enterprise computing solutions (ECS), showcased significant growth and adaptability, both of which are critical in a gradually recovering market environment.Revenue increased by 20% year-over-year, and non-GAAP EPS surged by 48%, exceeding market expectations.

Arrow Electronics: From Distributor to Strategic Partner—The High-Margin Transformation Underway!

United States

Arrow Electronics, Inc. distributes electronic components and computer products to industrial and commercial customers.  The Company distributes a variety of products including computer systems, peripherals, software, and mass storage products to original equipment manufacturers and commercial customers worldwide.

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Arrow Electronics (ARW US)

Nasdaq 100 and Technology (XLK) With 4-Month Base Breakouts; Downgrading Staples to Underweight

Nasdaq 100 $QQQ and Technology $XLK With 4-Month Base Breakouts; That is bullish as long as supports of $745 on QQQ and $197 on XLK hold on any...

Vermilion Research

Arrow Electronics’ $1 Billion Cash Flow Milestone — Financial Flexibility Is Building!

Arrow Electronics reported second-quarter 2026 revenue of $10 billion, up 32% year-over-year, while operating margin expanded 120 basis points to...

Baptista Research

Primer: Arrow Electronics (ARW US) - Aug 2026

Arrow Electronics is a leading global distributor of electronic components and enterprise computing solutions, strategically positioned to...

αSK Primers

Arrow Electronics’ $9.5B Quarter: Can AI Demand Offset Margin Risks?

Arrow Electronics reported strong financial results for the first quarter of fiscal 2026, highlighted by a 39% year-over-year increase in total...

Baptista Research

Arrow Electronics: From Distributor to Strategic Partner—The High-Margin Transformation Underway!

Arrow Electronics delivered a robust performance in its fourth quarter and full-year 2025 results. The company's global operations, spanning...

Baptista Research

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