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>AST SpaceMobile surged 16% to $86.42 in early trading after revealing a groundbreaking agreement with telecom giant Verizon to bring space-based cellular broadband service to U.S. customers by 2026.</li><li>This announcement marks a significant validation for ASTS’s direct-to-smartphone satellite network, which aims to eliminate coverage gaps by connecting everyday devices to satellites without requiring any specialized equipment.</li><li>The move positions AST SpaceMobile as a formidable challenger to Elon Musk’s Starlink in the rapidly evolving satellite telecom landscape.</li></ul>

AST SpaceMobile surged 16% to $86.42 in early trading after revealing a groundbreaking agreement with telecom giant Verizon to bring space-based cellular broadband service to U.S. customers by 2026.This announcement marks a significant validation for ASTS’s direct-to-smartphone satellite network, which aims to eliminate coverage gaps by connecting everyday devices to satellites without requiring any specialized equipment.The move positions AST SpaceMobile as a formidable challenger to Elon Musk’s Starlink in the rapidly evolving satellite telecom landscape.

AST SpaceMobile Skyrockets After Verizon Deal—Is This the Next Starlink Killer?

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>AST Spacemobile (ASTS) is overvalued at $9.4 billion as a pre-revenue company with uncertain prospects</li><li>The company has launched 5 satellites but would need at least 60 more for a meaningful commercial offering</li><li>Stock price has surged on hype, but challenges in business model and high costs of satellite deployment remain significant obstacles for ASTS</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

AST Spacemobile (ASTS) is overvalued at $9.4 billion as a pre-revenue company with uncertain prospectsThe company has launched 5 satellites but would need at least 60 more for a meaningful commercial offeringStock price has surged on hype, but challenges in business model and high costs of satellite deployment remain significant obstacles for ASTSThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Ast Spacemobile Inc (ASTS) - Sunday, Sep 15, 2024

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>We downgraded our near-term outlook on SPX and QQQ to neutral last week (11/19/25), after being bullish since 4/22/25, while we maintained our intermediate-term bullish outlook (as of 5/14/25).</li>
<li>Crucial support levels of 6480-6520 on SPX and $580-$583 on QQQ held last week, and we are back to being near-term bullish as long as these supports continue to hold</li>
<li>The latest pullback offers an attractive entry point into all the speculative growth areas that we were pounding the table on since May, WITH A STOP AT LAST WEEKS LOWS</li>
</ul>


We downgraded our near-term outlook on SPX and QQQ to neutral last week (11/19/25), after being bullish since 4/22/25, while we maintained our intermediate-term bullish outlook (as of 5/14/25).
Crucial support levels of 6480-6520 on SPX and $580-$583 on QQQ held last week, and we are back to being near-term bullish as long as these supports continue to hold
The latest pullback offers an attractive entry point into all the speculative growth areas that we were pounding the table on since May, WITH A STOP AT LAST WEEKS LOWS


Back to Near-Term Bullish on SPX and Nasdaq 100; Supports Held at SPX 6480-6520 and QQQ $580-583

Investing, Fraud and Fun with Language Models, Bedrock AI

Bedrock AI

Investing, Fraud and Fun with Language Models

Bedrock AI is a web-based equity research portal. Our software extracts red flags from SEC filings that are predictive of downside risk. Explore real-time analysis of annual and quarterly statements, 8-Ks, prospectuses, SEC comment letters and more for over 7,000 tickers. Analysis is served without human intervention. Quantamental investing is transforming the way investors see the world.

<ul><li>William Companies $WMB believes more Republican control can resolve permitting issues, which would benefit the power industry and the energy infrastructure business.</li><li>A favorable tax outcome will also be “a very huge positive to [its] guidance in the immediate term”. </li><li>Energy Transfer $ET said the Trump administration will bring “a breath of fresh air.” Nov 06: Q3'24</li></ul>

William Companies $WMB believes more Republican control can resolve permitting issues, which would benefit the power industry and the energy infrastructure business.A favorable tax outcome will also be “a very huge positive to [its] guidance in the immediate term”. Energy Transfer $ET said the Trump administration will bring “a breath of fresh air.” Nov 06: Q3'24

Most executives upbeat after Trump election

<ul><li>AST SpaceMobile recently reported a challenging Q3, with widened losses overshadowing its operational progress.</li><li>The company, which is transitioning from research and development (R&D) to commercial operations, highlighted key advancements such as the successful launch and activation of five Block 1 BlueBird satellites.</li><li>These satellites are integral to AST SpaceMobile's mission of creating a space-based cellular broadband network that directly connects with mobile phones without modification, addressing global connectivity gaps.</li></ul>

AST SpaceMobile recently reported a challenging Q3, with widened losses overshadowing its operational progress.The company, which is transitioning from research and development (R&D) to commercial operations, highlighted key advancements such as the successful launch and activation of five Block 1 BlueBird satellites.These satellites are integral to AST SpaceMobile's mission of creating a space-based cellular broadband network that directly connects with mobile phones without modification, addressing global connectivity gaps.

Is AST SpaceMobile Losing Its Shine? Reddit’s Darling Faces Tough Questions After Losses! - Major Drivers

United States

AST SpaceMobile, Inc. operates as a telecommunication company. The Company offers space bases broadband cellular network for mobile phones. AST SpaceMobile serves customers in the United States.

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AST SpaceMobile Inc (ASTS US)

AST SpaceMobile Skyrockets After Verizon Deal—Is This the Next Starlink Killer?

AST SpaceMobile surged 16% to $86.42 in early trading after revealing a groundbreaking agreement with telecom giant Verizon to bring space-based...

Baptista Research

Ast Spacemobile Inc (ASTS) - Sunday, Sep 15, 2024

Stock price has surged on hype, but challenges in business model and high costs of satellite deployment remain significant obstacles for ASTS

Value Investors Club (VIC)

Back to Near-Term Bullish on SPX and Nasdaq 100; Supports Held at SPX 6480-6520 and QQQ $580-583

Back to Near-Term Bullish on $SPX and Nasdaq 100 $NDX; Crucial Supports Held at 6480-6520 on SPX and $580-$583 on $QQQ, we are near-term bullish as...

Vermilion Research

Most executives upbeat after Trump election

William Companies $WMB believes more Republican control can resolve permitting issues, which would benefit the power industry and the energy...

Bedrock AI

Is AST SpaceMobile Losing Its Shine? Reddit’s Darling Faces Tough Questions After Losses! - Major Drivers

AST SpaceMobile recently reported a challenging Q3, with widened losses overshadowing its operational progress. The company, which is...

Baptista Research

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