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

In last week’s Compass (5/14) we laid our case for a more cautious outlook as a result of several negative developments, including breakdowns for EM (EEM) and China (MCHI, FXI), steep price and RS uptrend violations for Technology (XLK, RYT), improving RS for defensive areas of the market, and weakness in copper. Our outlook remains neutral. In today’s report we highlight attractive Groups and stocks within Consumer Staples and Utilities.

In last week’s Compass (5/14) we laid our case for a more cautious outlook as a result of several negative developments, including breakdowns for EM (EEM) and China (MCHI, FXI), steep price and RS uptrend violations for Technology (XLK, RYT), improving RS for defensive areas of the market, and weakness in copper. Our outlook remains neutral. In today’s report we highlight attractive Groups and stocks within Consumer Staples and Utilities.

U.S. Equity Strategy: Neutral Outlook; Opportunities Within Staples and Utilities

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>Black Hills Corporation's Q4 and full-year 2024 earnings call outlined a range of strategic, operational, and financial updates, reflecting both positive outcomes and challenges.</li><li>The company successfully advanced its customer-focused strategy, achieving key objectives, including meeting its earnings guidance and maintaining strong financial health.</li><li>Despite facing mild weather and unplanned generation outages, Black Hills effectively managed expenses, aligning its financial performance with expectations.</li></ul>

Black Hills Corporation's Q4 and full-year 2024 earnings call outlined a range of strategic, operational, and financial updates, reflecting both positive outcomes and challenges.The company successfully advanced its customer-focused strategy, achieving key objectives, including meeting its earnings guidance and maintaining strong financial health.Despite facing mild weather and unplanned generation outages, Black Hills effectively managed expenses, aligning its financial performance with expectations.

Black Hills Corporation: Is The Data Centre Demand Here To Stay?

<ul><li>Black Hills Corporation, in its third-quarter 2024 results, highlighted both operational successes and financial challenges.</li><li>The company reported a decrease in earnings per share (EPS) to $0.35 from $0.67 in the same quarter of the previous year, which can be attributed to a combination of factors including increased operating expenses, unplanned generation outages, and lower off-system sales.</li><li>Despite these challenges, Black Hills maintained its full-year earnings guidance of $3.80 to $4.00 per share, suggesting some level of confidence in hitting its financial targets by the end of the year.</li></ul>

Black Hills Corporation, in its third-quarter 2024 results, highlighted both operational successes and financial challenges.The company reported a decrease in earnings per share (EPS) to $0.35 from $0.67 in the same quarter of the previous year, which can be attributed to a combination of factors including increased operating expenses, unplanned generation outages, and lower off-system sales.Despite these challenges, Black Hills maintained its full-year earnings guidance of $3.80 to $4.00 per share, suggesting some level of confidence in hitting its financial targets by the end of the year.

Black Hills Corporation: Expanding Data Center & Blockchain Opportunities For A Competitive Edge! - Major Drivers

<ul><li>Black Hills Corporation's Q2 2024 earnings call showcased the company's strategic execution against a backdrop of both challenges and opportunities.</li><li>The utility company, dedicated to improving life with energy, demonstrated strong adherence to customer-focused strategies, underscored by ongoing capital investments, regulatory progress, and growth ventures, particularly in renewable resources and data centers.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Black Hills Corporation's Q2 2024 earnings call showcased the company's strategic execution against a backdrop of both challenges and opportunities.The utility company, dedicated to improving life with energy, demonstrated strong adherence to customer-focused strategies, underscored by ongoing capital investments, regulatory progress, and growth ventures, particularly in renewable resources and data centers.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Black Hills Corporation: Why Are They Focusing on Hyperscale Data Centers and Blockchain Technology? - Major Drivers

<ul><li>Black Hills Corporation has reported a strong performance for the first quarter of 2024, demonstrating a positive trajectory with an 8% increase in earnings per share compared to the same period last year.</li><li>This growth was propelled mainly by new rates, rider recovery, and expanded margins in data centers and blockchain technologies, along with efficient expense management.</li><li>These gains helped to offset several challenges including milder weather, increased inflation, and heightened interest rates.</li></ul>

Black Hills Corporation has reported a strong performance for the first quarter of 2024, demonstrating a positive trajectory with an 8% increase in earnings per share compared to the same period last year.This growth was propelled mainly by new rates, rider recovery, and expanded margins in data centers and blockchain technologies, along with efficient expense management.These gains helped to offset several challenges including milder weather, increased inflation, and heightened interest rates.

Black Hills Corporation: Initiation of Coverage - Targeted Growth in Data Centers and Blockchain Ventures & Other Major Drivers

United States

Black Hills Corporation is a diversified energy company.  The Company generates wholesale electricity, produce natural gas, oil and coal, and market energy. Black Hills serves customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

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Black Hills (BKH US)

U.S. Equity Strategy: Neutral Outlook; Opportunities Within Staples and Utilities

In last week’s Compass (5/14) we laid our case for a more cautious outlook as a result of several negative developments, including breakdowns for...

Vermilion Research

Black Hills Corporation: Is The Data Centre Demand Here To Stay?

Black Hills Corporation's Q4 and full-year 2024 earnings call outlined a range of strategic, operational, and financial updates, reflecting both...

Baptista Research

Black Hills Corporation: Expanding Data Center & Blockchain Opportunities For A Competitive Edge! - Major Drivers

Black Hills Corporation, in its third-quarter 2024 results, highlighted both operational successes and financial challenges. The company reported...

Baptista Research

Black Hills Corporation: Why Are They Focusing on Hyperscale Data Centers and Blockchain Technology? - Major Drivers

Black Hills Corporation's Q2 2024 earnings call showcased the company's strategic execution against a backdrop of both challenges and...

Baptista Research

Black Hills Corporation: Initiation of Coverage - Targeted Growth in Data Centers and Blockchain Ventures & Other Major Drivers

Black Hills Corporation has reported a strong performance for the first quarter of 2024, demonstrating a positive trajectory with an 8% increase...

Baptista Research

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