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>Boise Cascade's recent earnings call for the fourth quarter of 2025 provides a comprehensive view of the company's financial performance and strategic direction.</li><li>The company reported strong annual operating results amid market challenges.</li><li>For the full year, net income was $132.8 million, or $3.53 per share.</li></ul>

Boise Cascade's recent earnings call for the fourth quarter of 2025 provides a comprehensive view of the company's financial performance and strategic direction.The company reported strong annual operating results amid market challenges.For the full year, net income was $132.8 million, or $3.53 per share.

Boise Cascade Just Rewired Its Northeast Playbook—How Big Is the Holden Humphrey Advantage?

<ul><li>Boise Cascade reported a mixed performance for the third quarter of 2025, reflecting broader industry challenges and internal operational dynamics.</li><li>The company saw a year-over-year decline in consolidated sales, dropping by 3% to $1.7 billion.</li><li>Net income was significantly lower at $21.8 million, or $0.58 per share, compared to $91 million, or $2.33 per share, a year ago.</li></ul>

Boise Cascade reported a mixed performance for the third quarter of 2025, reflecting broader industry challenges and internal operational dynamics.The company saw a year-over-year decline in consolidated sales, dropping by 3% to $1.7 billion.Net income was significantly lower at $21.8 million, or $0.58 per share, compared to $91 million, or $2.33 per share, a year ago.

<ul><li>Boise Cascade's recent financial disclosures portray a mixed performance amid prevailing industry and economic challenges.</li><li>The company's consolidated first-quarter sales reached $1.5 billion, marking a 7% decrease compared to the previous year.</li><li>Net income also witnessed a notable drop to $40.3 million or $1.06 per share, down from $104.1 million or $2.61 per share in the same quarter of 2024.</li></ul>

Boise Cascade's recent financial disclosures portray a mixed performance amid prevailing industry and economic challenges.The company's consolidated first-quarter sales reached $1.5 billion, marking a 7% decrease compared to the previous year.Net income also witnessed a notable drop to $40.3 million or $1.06 per share, down from $104.1 million or $2.61 per share in the same quarter of 2024.

Boise Cascade Edge: How Two-Step Distribution Model Could Dominate the Housing Market!

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.</li>
<li>Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.</li>
<li>This bottom-up analysis also pointed to bullish macro conclusions about the economy.</li>
</ul>


A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.
Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.
This bottom-up analysis also pointed to bullish macro conclusions about the economy.


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

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>The market continues to send mixed signals - some neutral or healthy signals but some risk-off signals as well.</li>
<li>As long as the Russell 2000 index (IWM) is above $208, Russell Micro Cap index (IWC) is above $134-$135, and the S&amp;P 500 is above 4495, we cannot be bearish.</li>
<li>Treasury yields are not breaking down below 1.40%-1.45% support on the 10-year Treasury yield and 1.76% support on the 30-year Treasury yield.</li>
</ul>


The market continues to send mixed signals - some neutral or healthy signals but some risk-off signals as well.
As long as the Russell 2000 index (IWM) is above $208, Russell Micro Cap index (IWC) is above $134-$135, and the S&amp;P 500 is above 4495, we cannot be bearish.
Treasury yields are not breaking down below 1.40%-1.45% support on the 10-year Treasury yield and 1.76% support on the 30-year Treasury yield.


Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

United States

Boise Cascade Company manufactures and markets wood products. The Company offers lumber, plywood, engineered wood, and particleboard, as well as adhesive sealants, concrete, fasteners, flashing, vents, framing accessories, gypsum, insulating, locks, and roofing products.

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Boise Cascade Co (BCC US)

Boise Cascade Just Rewired Its Northeast Playbook—How Big Is the Holden Humphrey Advantage?

Boise Cascade's recent earnings call for the fourth quarter of 2025 provides a comprehensive view of the company's financial performance and...

Baptista Research

Boise Cascade: Product Variety

Boise Cascade reported a mixed performance for the third quarter of 2025, reflecting broader industry challenges and internal operational...

Baptista Research

Boise Cascade Edge: How Two-Step Distribution Model Could Dominate the Housing Market!

Boise Cascade's recent financial disclosures portray a mixed performance amid prevailing industry and economic challenges. The company's...

Baptista Research

29 Reasons to Be Bullish

A bottom-up scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases...

Cam Hui

Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

As long as the Russell 2000 index (IWM) is above $208, the Russell Micro Caps index (IWC) is above $134-$135, and the S&P 500 is above 4495, we...

Vermilion Research

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