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>In the second quarter earnings for Dominion Energy, the company reported that its operating earnings stood at $0.65 per share, showing a notable improvement due to better-than-normal weather which contributed an additional $0.03 per share.</li><li>This was complemented by gains from regulated investment growth and contributions from Millstone, benefiting from the absence of extended duration outages and higher realized power prices 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><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

In the second quarter earnings for Dominion Energy, the company reported that its operating earnings stood at $0.65 per share, showing a notable improvement due to better-than-normal weather which contributed an additional $0.03 per share.This was complemented by gains from regulated investment growth and contributions from Millstone, benefiting from the absence of extended duration outages and higher realized power prices 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.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Dominion Energy: How Will They Deal With The Market Volatility in Renewable Energy & Other Challenges? - 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

<ul>
<li>The SPX is back near YTD highs and testing resistance in the 5670-5783 range, and we view this as an ideal time to reduce risk and shift to defensives.</li>
<li>We continue to believe that the SPX and Nasdaq 100 (QQQ) are going through a 1- to 4-month pullback/consolidation that could end up being a topping pattern.</li>
<li>After laying out expectations in our 8/13/24 Compass report for a bounce and test of YTD highs, we now expect SPX to roll over near current levels </li>
</ul>


The SPX is back near YTD highs and testing resistance in the 5670-5783 range, and we view this as an ideal time to reduce risk and shift to defensives.
We continue to believe that the SPX and Nasdaq 100 (QQQ) are going through a 1- to 4-month pullback/consolidation that could end up being a topping pattern.
After laying out expectations in our 8/13/24 Compass report for a bounce and test of YTD highs, we now expect SPX to roll over near current levels 


Upgrading Utilities to Overweight; Expecting $SPX to Roll Over; NVDA and SMH Topping?

<ul><li>Dominion Energy delivered mixed results in the first quarter of 2024, showcasing both resilience and areas needing improvement as it strives to meet its future financial and operational goals.</li><li>The company reported first quarter operating earnings of $0.55 per share, affected by a $0.06 headwind from adverse weather conditions.</li><li>However, the sale of East Ohio Gas Company and various operational management (O&M) timings provided some financial relief.</li></ul>

Dominion Energy delivered mixed results in the first quarter of 2024, showcasing both resilience and areas needing improvement as it strives to meet its future financial and operational goals.The company reported first quarter operating earnings of $0.55 per share, affected by a $0.06 headwind from adverse weather conditions.However, the sale of East Ohio Gas Company and various operational management (O&M) timings provided some financial relief.

Dominion Energy: Initiation of Coverage - A Deep Dive Into Its Core Business Strategy? - Major Drivers

Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Thematic (Sector/Industry)

<ul><li>The conversation revolves around the significant energy consumption of AI data centers and the potential consequences of this trend</li><li>Tech companies are facing the challenge of balancing their energy needs with their sustainability commitments</li><li>Brian Janus, a former energy hire at Microsoft and now co-founder of Cloverleaf Infrastructure, provides insight into this issue and potential solutions</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

The conversation revolves around the significant energy consumption of AI data centers and the potential consequences of this trendTech companies are facing the challenge of balancing their energy needs with their sustainability commitmentsBrian Janus, a former energy hire at Microsoft and now co-founder of Cloverleaf Infrastructure, provides insight into this issue and potential solutionsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

How Electric Utilities Will Handle Booming AI Datacenter Demand

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>As we noted last week, $209 on the Russell 2000 (IWM) is arguably the most significant resistance level of all right now.</li>
<li>We would like the see a break above $209 on the IWM in order to have a sustainable new bull market.</li>
<li>4590-4600 is a significant resistance level on the S&amp;P 500 we are watching; if bears fail to show up there, next up would likely be a test of all-time highs.</li>
</ul>


As we noted last week, $209 on the Russell 2000 (IWM) is arguably the most significant resistance level of all right now.
We would like the see a break above $209 on the IWM in order to have a sustainable new bull market.
4590-4600 is a significant resistance level on the S&amp;P 500 we are watching; if bears fail to show up there, next up would likely be a test of all-time highs.


Russell 2000 (IWM) Still Testing $209 Resistance: Actionable Groups: Insurance, Shipping, Utilities

United States

Dominion Energy, Inc. produces and transports energy products. The Company offers natural gas and electric energy transmission, gathering, and storage solutions. Dominion Energy serves customers in the United States.

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Dominion Energy Inc (D US)

Dominion Energy: How Will They Deal With The Market Volatility in Renewable Energy & Other Challenges? - Major Drivers

In the second quarter earnings for Dominion Energy, the company reported that its operating earnings stood at $0.65 per share, showing a notable...

Baptista Research

Upgrading Utilities to Overweight; Expecting $SPX to Roll Over; NVDA and SMH Topping?

Upgrading Utilities $XLU to Overweight; Many Indexes Testing Resistance $SPX $DJI $IJH $IWM $XRT $EEM; Expecting SPX to Roll Over; $NVDA and $SMH...

Vermilion Research

Dominion Energy: Initiation of Coverage - A Deep Dive Into Its Core Business Strategy? - Major Drivers

Dominion Energy delivered mixed results in the first quarter of 2024, showcasing both resilience and areas needing improvement as it strives to...

Baptista Research

How Electric Utilities Will Handle Booming AI Datacenter Demand

The Odd Lots podcast delves into the issue of energy consumption in AI data centers and the potential impact on the environment, with guest speaker...

Odd Lots

Russell 2000 (IWM) Still Testing $209 Resistance: Actionable Groups: Insurance, Shipping, Utilities

$209 on the Russell 2000 ($IWM) is arguably the most significant resistance level of all right now, and we would like the see a break above $209 in...

Vermilion Research

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