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

<ul>
<li>Charts have not changed much from the prior week, with there actually being some deterioration within banks (KRE, KBE). </li>
<li>The $SPX has been unable to sustain a breakout above its 200-day MA/YTD downtrend, the $IWM remains below $190 resistance, and the DJIA could not sustain a breakout above 34,280</li>
<li>As long as these indexes are below these levels, we continue to see this as a good time to shift to more defensive areas and/or take profits.</li>
</ul>


Charts have not changed much from the prior week, with there actually being some deterioration within banks (KRE, KBE). 
The $SPX has been unable to sustain a breakout above its 200-day MA/YTD downtrend, the $IWM remains below $190 resistance, and the DJIA could not sustain a breakout above 34,280
As long as these indexes are below these levels, we continue to see this as a good time to shift to more defensive areas and/or take profits.


Failed Breakouts, Banks Crumbling -- Get Defensive; Buy Ideas Within Consumer Staples

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 demand for Campbell’s portfolio of brands continued to be strong in the last quarter and it was able to match the market’s revenue expectations through its result.</li><li>The company was able to deliver an earnings beat as it enhanced supply chain performance and put into place efficient revenue management to combat inflation.</li><li>Their Win in Soup approach will remain strong in fiscal 2023 largely due to innovation.</li></ul>

The demand for Campbell’s portfolio of brands continued to be strong in the last quarter and it was able to match the market’s revenue expectations through its result.The company was able to deliver an earnings beat as it enhanced supply chain performance and put into place efficient revenue management to combat inflation.Their Win in Soup approach will remain strong in fiscal 2023 largely due to innovation.

Campbell Soup Inc: Online Sales As A Key Driver & Other Factors Driving Growth

Equity Capital Markets

Campbell Soup Co / Equity Capital Markets

<ul><li>Campbell Soup Company reported a strong performance surpassing Wall Street expectations on all counts despite the macro-environment that is rapidly evolving.</li><li>Driven by constrained supply and retail inventory replenishment in the current quarter, there was a drop in the company’s organic sales.</li><li>The company recently announced pricing actions that are inflation justified for offsetting the rise in packaging and ingredient costs, labor, and logistics.</li></ul>

Campbell Soup Company reported a strong performance surpassing Wall Street expectations on all counts despite the macro-environment that is rapidly evolving.Driven by constrained supply and retail inventory replenishment in the current quarter, there was a drop in the company’s organic sales.The company recently announced pricing actions that are inflation justified for offsetting the rise in packaging and ingredient costs, labor, and logistics.

Campbell Soup Company: The Battle Against Inflation & Other Developments

Invesco QQQ Trust Series 1 / Technical Analysis

<ul>
<li>Following panic selling that we have outlined over the past month, we finally saw panic buying last Friday in the form of 92% upside volume on the NYSE.</li>
<li>There is hope that this panic buying could signal a major bottom, but we still need to see more confirmation before declaring that the low is in.</li>
<li>We are watching the Nasdaq 100 (QQQ) and the steep RS uptrends on Utilities (XLU) and Staples (XLP) for more confirmation that a major low is in place. Details below.</li>
</ul>


Following panic selling that we have outlined over the past month, we finally saw panic buying last Friday in the form of 92% upside volume on the NYSE.
There is hope that this panic buying could signal a major bottom, but we still need to see more confirmation before declaring that the low is in.
We are watching the Nasdaq 100 (QQQ) and the steep RS uptrends on Utilities (XLU) and Staples (XLP) for more confirmation that a major low is in place. Details below.


Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts

<ul><li>Despite industry-wide inflation and supply constraints, Campbell Soup's recent results have been fair and in line with its management's expectations.</li><li>The strong demand for their portfolio of brands continued in the recent quarter but supply chain volatility was higher than expected, resulting in lower service levels.</li><li>The management expects to resume market share recovery in the coming quarters, starting off with a recovery in distribution.</li></ul>

Despite industry-wide inflation and supply constraints, Campbell Soup's recent results have been fair and in line with its management's expectations.The strong demand for their portfolio of brands continued in the recent quarter but supply chain volatility was higher than expected, resulting in lower service levels.The management expects to resume market share recovery in the coming quarters, starting off with a recovery in distribution.

Campbell Soup Company: Financial & Price Forecasts

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)

Failed Breakouts, Banks Crumbling -- Get Defensive; Buy Ideas Within Consumer Staples

$SPX unable to sustain a breakout above 200-day MA/YTD downtrend, $IWM remains below $190 resistance, $DJI could not sustain a breakout above...

Vermilion Research

Campbell Soup Inc: Online Sales As A Key Driver & Other Factors Driving Growth

The demand for Campbell’s portfolio of brands continued to be strong in the last quarter and it was able to match the market’s revenue...

Baptista Research

Campbell Soup Company: The Battle Against Inflation & Other Developments

Campbell Soup Company reported a strong performance surpassing Wall Street expectations on all counts despite the macro-environment that is...

Baptista Research

Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts

We finally saw panic buying last Friday in the form of 92% upside volume on the NYSE. There is hope that this panic buying could signal that a...

Vermilion Research

Campbell Soup Company: Financial & Price Forecasts

Despite industry-wide inflation and supply constraints, Campbell Soup's recent results have been fair and in line with its management's...

Baptista Research

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