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>Campbell Soup Company concluded its Fiscal Year 2024 with mixed results amidst a challenging macroeconomic environment and integration of Sovos Brands, outlining cautious optimism for 2025.</li><li>For the fiscal year 2024, the positive highlights included double-digit growth in adjusted Earnings Before Interest and Taxes (EBIT) and Earnings Per Share (EPS) across both quarters, driven by stable margins and sequential volume improvements in both divisions.</li><li>The Snacks division showed signs of progress albeit at a slower pace than desired, reflecting competitive pressures.</li></ul>

Campbell Soup Company concluded its Fiscal Year 2024 with mixed results amidst a challenging macroeconomic environment and integration of Sovos Brands, outlining cautious optimism for 2025.For the fiscal year 2024, the positive highlights included double-digit growth in adjusted Earnings Before Interest and Taxes (EBIT) and Earnings Per Share (EPS) across both quarters, driven by stable margins and sequential volume improvements in both divisions.The Snacks division showed signs of progress albeit at a slower pace than desired, reflecting competitive pressures.

Campbell Soup Company: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

<ul><li>Campbell Soup Company has reported a robust set of results for its fiscal third quarter of 2024, indicating both strengths and challenges within its operations.</li><li>This mixed performance is worth examining for investors considering the merits and risks of investing in the company.</li><li>A key positive highlight from the quarter is the integration and contribution of Sovos Brands, which the company acquired on March 12.</li></ul>

Campbell Soup Company has reported a robust set of results for its fiscal third quarter of 2024, indicating both strengths and challenges within its operations.This mixed performance is worth examining for investors considering the merits and risks of investing in the company.A key positive highlight from the quarter is the integration and contribution of Sovos Brands, which the company acquired on March 12.

Campbell Soup Company: Supply Chain Enhancements and Cost Management! - Major Drivers

<ul><li>Campbell Soup Company’s earnings were decent and the company reported moderately optimistic results and future predictions for the company.</li><li>Clouse highlighted a sequential improvement in volume trends and year-over-year operating margin expansion in both divisions, despite slowed category trends over the last year due to economic pressures.</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>

Campbell Soup Company’s earnings were decent and the company reported moderately optimistic results and future predictions for the company.Clouse highlighted a sequential improvement in volume trends and year-over-year operating margin expansion in both divisions, despite slowed category trends over the last year due to economic pressures.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.

The Campbell Soup Company: Can The Acquisition Of Sovos Brands Be A Game Changer? - Key Drivers

<ul><li>In the recent fiscal quarter, Campbell Soup faced a 1% decline in organic net sales, amounting to $2.5 billion, following a substantial 15% increase in the preceding year, resulting in a commendable 7% growth on a 2-year compound annual growth rate basis.</li><li>Within the Meals & Beverages division, there was a planned low to mid-single-digit decline in the first quarter, with organic net sales up 6% on a 2-year compound annual growth rate basis.</li><li>The first quarter saw a 1% growth in organic net sales in the Snacks business.</li></ul>

In the recent fiscal quarter, Campbell Soup faced a 1% decline in organic net sales, amounting to $2.5 billion, following a substantial 15% increase in the preceding year, resulting in a commendable 7% growth on a 2-year compound annual growth rate basis.Within the Meals & Beverages division, there was a planned low to mid-single-digit decline in the first quarter, with organic net sales up 6% on a 2-year compound annual growth rate basis.The first quarter saw a 1% growth in organic net sales in the Snacks business.

Campbell Soup Company: A Balanced Approach to Market Dynamics! - Major 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

Health Care Select Sector SPDR / Technical Analysis

<ul>
<li>As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024.</li>
<li>Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume (XLK, SMH, IGV, ARKK, IPO, BITQ)</li>
<li>Other Sectors are picking up the slack, namely Health Care (XLV), Staples (XLP), Utilities (XLU), Energy (XLE), Financials (XLF), and Real Estate (XLRE). Shift exposure toward value and defensives</li>
</ul>


As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024.
Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume (XLK, SMH, IGV, ARKK, IPO, BITQ)
Other Sectors are picking up the slack, namely Health Care (XLV), Staples (XLP), Utilities (XLU), Energy (XLE), Financials (XLF), and Real Estate (XLRE). Shift exposure toward value and defensives


Upgrading Staples and Health Care to Market Weight; Shift to Value; Failed Breakouts for ARKK, IPO

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)

Campbell Soup Company: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

Campbell Soup Company concluded its Fiscal Year 2024 with mixed results amidst a challenging macroeconomic environment and integration of Sovos...

Baptista Research

Campbell Soup Company: Supply Chain Enhancements and Cost Management! - Major Drivers

Campbell Soup Company has reported a robust set of results for its fiscal third quarter of 2024, indicating both strengths and challenges within...

Baptista Research

The Campbell Soup Company: Can The Acquisition Of Sovos Brands Be A Game Changer? - Key Drivers

Campbell Soup Company’s earnings were decent and the company reported moderately optimistic results and future predictions for the company. Clouse...

Baptista Research

Campbell Soup Company: A Balanced Approach to Market Dynamics! - Major Drivers

In the recent fiscal quarter, Campbell Soup faced a 1% decline in organic net sales, amounting to $2.5 billion, following a substantial 15%...

Baptista Research

Upgrading Staples and Health Care to Market Weight; Shift to Value; Failed Breakouts for ARKK, IPO

Shifting exposure toward value and defensives. Upgrading Consumer Staples $XLP and Health Care $XLV to market weight. $ARKK and $IPO with bearish...

Vermilion Research

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