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>AutoZone exited the quarter with normalized growth rates.</li><li>It generated growth in domestic, commercial and retail same-store sales.</li><li>Also, the retail transactions improved meaningfully for this quarter but were down 2.2%, while the commercial transactions were up.</li></ul>

AutoZone exited the quarter with normalized growth rates.It generated growth in domestic, commercial and retail same-store sales.Also, the retail transactions improved meaningfully for this quarter but were down 2.2%, while the commercial transactions were up.

AutoZone Inc.: New Distribution Centres & Other Growth Initiatives Paying Off? – Key Drivers

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>With the upcoming first quarter earnings season taking center stage the next 3 weeks, there is yet again a well overdue reprieve from the back and forth focus on hiking, pausing, and cutting next steps of the Federal Reserve.</li><li>The focus now goes back to company earnings and forward guidance and whether slowdowns picked up on ISM, PMI, and regional Fed surveys are now making its way through earnings reports.</li><li>While still early, the first 22 S&amp;P 500 Index companies reveal a 20% drop in earnings QoQ.</li></ul>

With the upcoming first quarter earnings season taking center stage the next 3 weeks, there is yet again a well overdue reprieve from the back and forth focus on hiking, pausing, and cutting next steps of the Federal Reserve.The focus now goes back to company earnings and forward guidance and whether slowdowns picked up on ISM, PMI, and regional Fed surveys are now making its way through earnings reports.While still early, the first 22 S&amp;P 500 Index companies reveal a 20% drop in earnings QoQ.

Credit

<ul><li>AutoZone is one of the largest players in the distribution of automotive replacement parts and accessories in the U.S.</li><li>The company has been delivering a decent set of results in recent times after the impact of the pandemic has gone down.</li><li>However, its domestic, commercial sales make up 30% of its domestic auto parts sales.</li></ul>

AutoZone is one of the largest players in the distribution of automotive replacement parts and accessories in the U.S.The company has been delivering a decent set of results in recent times after the impact of the pandemic has gone down.However, its domestic, commercial sales make up 30% of its domestic auto parts sales.

AutoZone Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on AutoZone, one of the largest distributors of automotive replacement parts and accessories in the U.S.</li><li>The company had a strong fourth quarter, and managed an all-around beat.</li><li>However, its domestic, commercial sales made up 30% of its domestic auto parts sales.</li></ul>

This is our first report on AutoZone, one of the largest distributors of automotive replacement parts and accessories in the U.S.The company had a strong fourth quarter, and managed an all-around beat.However, its domestic, commercial sales made up 30% of its domestic auto parts sales.

AutoZone Inc.: Initiation of Coverage –  Business Model & Key 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

Consumer Discretionary Select / Technical Analysis

<ul>
<li>We continue to believe that the bear market lows have already been established.</li>
<li>It remains to be seen whether the indexes will experience a meaningful pullback first, or whether we are already experiencing the initial leg of a new bull market.</li>
<li>Thus far, market indexes have ignored overbought conditions, which is historically a sign of strength during the initial leg of new bull markets.</li>
</ul>


We continue to believe that the bear market lows have already been established.
It remains to be seen whether the indexes will experience a meaningful pullback first, or whether we are already experiencing the initial leg of a new bull market.
Thus far, market indexes have ignored overbought conditions, which is historically a sign of strength during the initial leg of new bull markets.


Upgrading Discretionary to Overweight, Downgrading Energy & Health Care to Market Weight

United States

AutoZone, Inc. is a specialty retailer of automotive replacement parts and accessories. The Company offers an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.  Autozone operates in United States and Puerto Rico, and Mexico.

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Autozone Inc (AZO US)

AutoZone Inc.: New Distribution Centres & Other Growth Initiatives Paying Off? – Key Drivers

AutoZone exited the quarter with normalized growth rates. It generated growth in domestic, commercial and retail same-store sales. Also, the...

Baptista Research

Weekly Stock Bullfinder - Week of 4/17

The focus now goes back to company earnings and forward guidance and whether slowdowns picked up on ISM, PMI, and regional Fed surveys are now...

Weekly Stock Bull Finder

AutoZone Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

AutoZone is one of the largest players in the distribution of automotive replacement parts and accessories in the U.S. The company has been...

Baptista Research

AutoZone Inc.: Initiation of Coverage – Business Model & Key Drivers

This is our first report on AutoZone, one of the largest distributors of automotive replacement parts and accessories in the U.S. The company had...

Baptista Research

Upgrading Discretionary to Overweight, Downgrading Energy & Health Care to Market Weight

Upgrading Discretionary $XLY to Overweight, Downgrading Energy $XLE & Health Care $XLV to Market Weight; Many indexes with major bullish...

Vermilion Research

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