Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

Thematic (Sector/Industry)

<ul>
<li>China M1 and M2 data disappoints and reinforces deflationary risks. Closely watched Consumer Sentiment barometer, new &amp; used prices in top 70 cities, unequivocally weak</li>
<li>. Rise in the dynamic of US auto delinquencies is cause for concern</li>
<li>Corporate caution at investor conferences from <a href="https://www.smartkarma.com/entities/coca-cola-co-the" target="_blank" data-smartkarma-citation="entities:979:1" rel="noopener">Coca Cola Co (KO US)</a> , <a href="https://www.smartkarma.com/entities/visa-inc-class-a-shares" target="_blank" data-smartkarma-citation="entities:8707:1" rel="noopener">Visa (V US), </a><a href="https://www.smartkarma.com/entities/mondelez-international-inc" target="_blank" data-smartkarma-citation="entities:8111:1" rel="noopener">Mondelez International (MDLZ US)</a>, <a href="https://www.smartkarma.com/entities/wendy-s-co-the" target="_blank" data-smartkarma-citation="entities:2950:1" rel="noopener">Wendy's Co/The (WEN US), </a><a href="https://www.smartkarma.com/entities/dow-inc" target="_blank" data-smartkarma-citation="entities:19107:1" rel="noopener">Dow (DOW US)</a>, 3M and Campari</li>
</ul>


China M1 and M2 data disappoints and reinforces deflationary risks. Closely watched Consumer Sentiment barometer, new &amp; used prices in top 70 cities, unequivocally weak
. Rise in the dynamic of US auto delinquencies is cause for concern
Corporate caution at investor conferences from Coca Cola Co (KO US) , Visa (V US), Mondelez International (MDLZ US), Wendy's Co/The (WEN US), Dow (DOW US), 3M and Campari


Consumer Weekly. China Macro, US Auto Data, Visa, Coca-Cola, Wendy's, Mondelez, Campari, Ally

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>During Dow Inc.'s most recent quarterly earnings call, the company presented a mixed financial performance alongside an optimistic outlook on several fronts, illustrating both the challenges and opportunities it faces in the current economic landscape.</li><li>Dow Inc. reported a decrease in net sales with $10.9 billion, reflecting a 4% decline year-over-year but achieving a 1% sequential improvement.</li><li>This mixed result underscores the fluctuating demands in different market segments due to the slower-than-anticipated global economic recovery, specifically impacting areas like building and construction and consumer durables.</li></ul>

During Dow Inc.'s most recent quarterly earnings call, the company presented a mixed financial performance alongside an optimistic outlook on several fronts, illustrating both the challenges and opportunities it faces in the current economic landscape.Dow Inc. reported a decrease in net sales with $10.9 billion, reflecting a 4% decline year-over-year but achieving a 1% sequential improvement.This mixed result underscores the fluctuating demands in different market segments due to the slower-than-anticipated global economic recovery, specifically impacting areas like building and construction and consumer durables.

Dow Inc.: Expansion in Sustainability and Circular Plastics & Dealing With Innovation Challenges! - Major Drivers

<ul><li>In the first quarter 2024 earnings of Dow, Inc., the company demonstrated precision in navigating market complexities and pursuing strategic growth opportunities.</li><li>While acknowledging the potential for economic recovery, they also recognized concerns around inflation, interest rates, and geopolitical tensions.</li><li>Throughout the first quarter, Dow showed increased operating rates to meet the rising demand while keeping pricing consistent and benefitting from decreased feedstock and energy costs.</li></ul>

In the first quarter 2024 earnings of Dow, Inc., the company demonstrated precision in navigating market complexities and pursuing strategic growth opportunities.While acknowledging the potential for economic recovery, they also recognized concerns around inflation, interest rates, and geopolitical tensions.Throughout the first quarter, Dow showed increased operating rates to meet the rising demand while keeping pricing consistent and benefitting from decreased feedstock and energy costs.

Dow Inc.: Improved Demand in Functional Polymers for Infrastructure Changing The Game? - Major Drivers

<ul><li>The Dow Inc.'s Q4 2023 results show the company's commitment to fulfill its financial obligations amidst a challenging macroeconomic environment.</li><li>The company reported net sales of $10.6 billion, a 10% decrease from the same period in the previous year.</li><li>Sales in all operating segments declined due to lower feedstock and energy costs, resulting in a 1% decrease in sequential sales.</li></ul>

The Dow Inc.'s Q4 2023 results show the company's commitment to fulfill its financial obligations amidst a challenging macroeconomic environment.The company reported net sales of $10.6 billion, a 10% decrease from the same period in the previous year.Sales in all operating segments declined due to lower feedstock and energy costs, resulting in a 1% decrease in sequential sales.

Dow Inc: Solid Growth of Construction Chemicals and Industrial Solutions Businesses & Other Major Drivers

<ul><li>Dow delivered a positive result and managed an all-around beat in the last quarter.</li><li>The last quarter was challenging for Dow, with lower year-over-year sales and earnings due to the slow global economic growth.</li><li>Despite these headwinds, the company demonstrated resilience by executing its financial and operational strategies, resulting in sequential earnings improvement.</li></ul>

Dow delivered a positive result and managed an all-around beat in the last quarter.The last quarter was challenging for Dow, with lower year-over-year sales and earnings due to the slow global economic growth.Despite these headwinds, the company demonstrated resilience by executing its financial and operational strategies, resulting in sequential earnings improvement.

Dow Inc.: New Partnership with New Energy Blue to Pioneer Sustainable Bio-Based Plastics & Other Developments

United States

Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries. Dow serves customers worldwide.

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Dow (DOW US)

Consumer Weekly. China Macro, US Auto Data, Visa, Coca-Cola, Wendy's, Mondelez, Campari, Ally

China's weak M1 and M2 data signals deflationary risks, while US auto delinquencies and corporate caution at investor conferences raise concerns.

Neil Campling

Dow Inc.: Expansion in Sustainability and Circular Plastics & Dealing With Innovation Challenges! - Major Drivers

During Dow Inc.'s most recent quarterly earnings call, the company presented a mixed financial performance alongside an optimistic outlook on...

Baptista Research

Dow Inc.: Improved Demand in Functional Polymers for Infrastructure Changing The Game? - Major Drivers

In the first quarter 2024 earnings of Dow, Inc., the company demonstrated precision in navigating market complexities and pursuing strategic...

Baptista Research

Dow Inc: Solid Growth of Construction Chemicals and Industrial Solutions Businesses & Other Major Drivers

The Dow Inc.'s Q4 2023 results show the company's commitment to fulfill its financial obligations amidst a challenging macroeconomic...

Baptista Research

Dow Inc.: New Partnership with New Energy Blue to Pioneer Sustainable Bio-Based Plastics & Other Developments

Dow delivered a positive result and managed an all-around beat in the last quarter. The last quarter was challenging for Dow, with lower...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Consumer Weekly. China Macro, US Auto Data, Visa, Coca-Cola, Wendy's, Mondelez, Campari, Ally

​China's weak M1 and M2 data signals deflationary risks, while US auto delinquencies and corporate caution at investor conferences raise concerns.

Neil Campling

Dow Inc.: Expansion in Sustainability and Circular Plastics & Dealing With Innovation Challenges! - Major Drivers

During Dow Inc.'s most recent quarterly earnings call, the company presented a mixed financial performance alongside an optimistic outlook on...

Baptista Research

Dow Inc.: Improved Demand in Functional Polymers for Infrastructure Changing The Game? - Major Drivers

In the first quarter 2024 earnings of Dow, Inc., the company demonstrated precision in navigating market complexities and pursuing strategic...

Baptista Research

Dow Inc: Solid Growth of Construction Chemicals and Industrial Solutions Businesses & Other Major Drivers

The Dow Inc.'s Q4 2023 results show the company's commitment to fulfill its financial obligations amidst a challenging macroeconomic...

Baptista Research

Dow Inc.: New Partnership with New Energy Blue to Pioneer Sustainable Bio-Based Plastics & Other Developments

Dow delivered a positive result and managed an all-around beat in the last quarter. The last quarter was challenging for Dow, with lower...

Baptista Research

China's weak M1 and M2 data signals deflationary risks, while US auto delinquencies and corporate caution at investor conferences raise concerns.