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>The Campbell's Company reported results for the second quarter of fiscal 2026 reflecting a challenging environment for its Snacks segment amid broader company initiatives and operational adjustments.</li><li>Within the Snacks segment, management highlighted three key areas: Goldfish, fresh bakery, and salty snacks.</li><li>Goldfish demonstrated momentum earlier in the year, underpinned by its differentiated positioning and "better-for-you" attributes, yet volume has yet to fully rebound to prior highs.</li></ul>

The Campbell's Company reported results for the second quarter of fiscal 2026 reflecting a challenging environment for its Snacks segment amid broader company initiatives and operational adjustments.Within the Snacks segment, management highlighted three key areas: Goldfish, fresh bakery, and salty snacks.Goldfish demonstrated momentum earlier in the year, underpinned by its differentiated positioning and "better-for-you" attributes, yet volume has yet to fully rebound to prior highs.

The Campbell’s Co: Why A 4% Snacks Sales Decline Matters For Near Term Recovery!

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

Thematic (Sector/Industry)

<ul>
<li>The US economy’s resilience hasn’t come from the many – it’s come from the top 10% as the “wealth effect” from rising asset prices has boosted spending.</li>
<li>But it works in reverse too.  Since the richest make up nearly half of America’s consumer spending, that could lead to a serious economic fallout.</li>
<li>It’s worth considering protecting your portfolio. I’ve pulled together one list of companies that should do well and another that could suffer from the change in climate.</li>
</ul>


The US economy’s resilience hasn’t come from the many – it’s come from the top 10% as the “wealth effect” from rising asset prices has boosted spending.
But it works in reverse too.  Since the richest make up nearly half of America’s consumer spending, that could lead to a serious economic fallout.
It’s worth considering protecting your portfolio. I’ve pulled together one list of companies that should do well and another that could suffer from the change in climate.


A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/marvell-technology-inc" target="_blank" data-smartkarma-citation="entities:15837:1" rel="noopener">Marvell Technology (MRVL US)</a> is the main candidate for addition from TMI but has a reduced probability of inclusion due to sector balance.</li>
<li>
<a href="https://www.smartkarma.com/entities/flex-ltd" target="_blank" data-smartkarma-citation="entities:36680:1" rel="noopener">Flex (FLEX US)</a> and <a href="https://www.smartkarma.com/entities/technipfmc-plc-2f8326ad-9188-44ca-bada-c9b9144835fd" target="_blank" data-smartkarma-citation="entities:13457:1" rel="noopener">TechnipFMC (FTI US)</a> are in MidCap and the top candidates for addition based on high eligibility scores.</li>
<li>
<a href="https://www.smartkarma.com/entities/flex-ltd" target="_blank" data-smartkarma-citation="entities:36680:1" rel="noopener">Flex (FLEX US)</a> is projected for double inclusion to S&amp;P500 and Nasdaq100 on 19 June.</li>
</ul>



Marvell Technology (MRVL US) is the main candidate for addition from TMI but has a reduced probability of inclusion due to sector balance.

Flex (FLEX US) and TechnipFMC (FTI US) are in MidCap and the top candidates for addition based on high eligibility scores.

Flex (FLEX US) is projected for double inclusion to S&amp;P500 and Nasdaq100 on 19 June.


S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

<ul><li>The Campbell’s Company reported its first quarter fiscal 2026 earnings, which aligned with internal expectations amid a challenging operational environment.</li><li>This quarter highlighted several critical dynamics within its Meals & Beverages and Snacks segments.</li><li>Organic net sales dipped by 1%, attributed mainly to a 2% drop in consumption, although this was somewhat buffered by increased retailer inventory levels in anticipation of promotional activities.</li></ul>

The Campbell’s Company reported its first quarter fiscal 2026 earnings, which aligned with internal expectations amid a challenging operational environment.This quarter highlighted several critical dynamics within its Meals & Beverages and Snacks segments.Organic net sales dipped by 1%, attributed mainly to a 2% drop in consumption, although this was somewhat buffered by increased retailer inventory levels in anticipation of promotional activities.

Campbell Soup Company: Can The Brand-Led Portfolio Mix Shift Toward Snacks and Premium Categories Reshape Its Profitability Story?

<ul><li>The Campbell Soup Company's fourth-quarter fiscal 2025 performance slightly surpassed expectations, with mixed outcomes across its divisions.</li><li>The company experienced a 1% increase in net sales, attributed partly to an additional week in the quarter and partially offset by divestitures.</li><li>In-market consumption declined 1%, and organic net sales fell by 3%, primarily due to favorable shipment timing in the previous quarter reversing.</li></ul>

The Campbell Soup Company's fourth-quarter fiscal 2025 performance slightly surpassed expectations, with mixed outcomes across its divisions.The company experienced a 1% increase in net sales, attributed partly to an additional week in the quarter and partially offset by divestitures.In-market consumption declined 1%, and organic net sales fell by 3%, primarily due to favorable shipment timing in the previous quarter reversing.

Campbell’s Company: The Snacks Business Has Stabilized But Its Economic Landscape Continues To Throw Curveballs!

United States

Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products.  The Company's core divisions include soups and sauces, biscuits and confectionery, and foodservice.  Campbell's distributes its products worldwide.

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Campbell Soup Co (CPB US)

The Campbell’s Co: Why A 4% Snacks Sales Decline Matters For Near Term Recovery!

The Campbell's Company reported results for the second quarter of fiscal 2026 reflecting a challenging environment for its Snacks segment amid...

Baptista Research

A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

The top 10% account for around 50% of consumer spending in the US. This insight looks at the sectors and companies that could win and lose from the...

Finimize Research

S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...

Dimitris Ioannidis

Campbell Soup Company: Can The Brand-Led Portfolio Mix Shift Toward Snacks and Premium Categories Reshape Its Profitability Story?

The Campbell’s Company reported its first quarter fiscal 2026 earnings, which aligned with internal expectations amid a challenging operational...

Baptista Research

Campbell’s Company: The Snacks Business Has Stabilized But Its Economic Landscape Continues To Throw Curveballs!

The Campbell Soup Company's fourth-quarter fiscal 2025 performance slightly surpassed expectations, with mixed outcomes across its divisions. The...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Campbell’s Co: Why A 4% Snacks Sales Decline Matters For Near Term Recovery!

The Campbell's Company reported results for the second quarter of fiscal 2026 reflecting a challenging environment for its Snacks segment amid...

Baptista Research

A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

The top 10% account for around 50% of consumer spending in the US. This insight looks at the sectors and companies that could win and lose from the...

Finimize Research

S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

​MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...

Dimitris Ioannidis

Campbell Soup Company: Can The Brand-Led Portfolio Mix Shift Toward Snacks and Premium Categories Reshape Its Profitability Story?

The Campbell’s Company reported its first quarter fiscal 2026 earnings, which aligned with internal expectations amid a challenging operational...

Baptista Research

Campbell’s Company: The Snacks Business Has Stabilized But Its Economic Landscape Continues To Throw Curveballs!

The Campbell Soup Company's fourth-quarter fiscal 2025 performance slightly surpassed expectations, with mixed outcomes across its divisions. The...

Baptista Research

MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...