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>D.R. Horton, Inc., "America's Builder," reported its financial performance for the first quarter of fiscal 2025 with results that underscore both strengths and challenges facing the company.</li><li>Earnings came in at $2.61 per diluted share, a decrease from the $2.82 reported in the prior year.</li><li>Despite the dip, the company generated consolidated revenues of $7.6 billion with consolidated pretax income of $1.1 billion, reflecting a pretax profit margin of 14.6%.</li></ul>

D.R. Horton, Inc., "America's Builder," reported its financial performance for the first quarter of fiscal 2025 with results that underscore both strengths and challenges facing the company.Earnings came in at $2.61 per diluted share, a decrease from the $2.82 reported in the prior year.Despite the dip, the company generated consolidated revenues of $7.6 billion with consolidated pretax income of $1.1 billion, reflecting a pretax profit margin of 14.6%.

D.R. Horton: Adaptation to Market Trends Powering Our Bullishness! - 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>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish outlook as long as...</li>
<li>...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059</li>
<li>Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish outlook as long as...
...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059
Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More


DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

<ul><li>D.R. Horton presented a comprehensive review of its fiscal year and quarter ending in 2024 in their most recent earnings call, disclosing a mixed set of financial results.</li><li>The company, known for its status as America's largest homebuilder, reported a solid performance despite various market challenges.</li><li>The fourth quarter demonstrated strong revenue figures, with consolidated revenue at $10 billion and a pre-tax profit margin of 17.1%, maintaining a consistent profitability metric year-over-year.</li></ul>

D.R. Horton presented a comprehensive review of its fiscal year and quarter ending in 2024 in their most recent earnings call, disclosing a mixed set of financial results.The company, known for its status as America's largest homebuilder, reported a solid performance despite various market challenges.The fourth quarter demonstrated strong revenue figures, with consolidated revenue at $10 billion and a pre-tax profit margin of 17.1%, maintaining a consistent profitability metric year-over-year.

D.R. Horton: How Are They Adapting Pricing and Incentives in Response to Market Conditions? - Major Drivers

<ul><li>D.R. Horton's third-quarter 2024 earnings reflect the company's ability to navigate a complex market landscape impacted by inflation and raised mortgage interest rates.</li><li>Despite headwinds, the company managed a 5% increase in earnings, with a consolidated pretax income growth of 1% to $1.8 billion that could appeal to potential investors seeking steady performance.</li><li>A vital positive from the results lies in D.R. Horton's proven record of cash generation, producing $972 million from homebuilding operations within the first nine months ended June 30.</li></ul>

D.R. Horton's third-quarter 2024 earnings reflect the company's ability to navigate a complex market landscape impacted by inflation and raised mortgage interest rates.Despite headwinds, the company managed a 5% increase in earnings, with a consolidated pretax income growth of 1% to $1.8 billion that could appeal to potential investors seeking steady performance.A vital positive from the results lies in D.R. Horton's proven record of cash generation, producing $972 million from homebuilding operations within the first nine months ended June 30.

D.R. Horton Inc.: Efficient Land Development Strategy & Other Major Drivers

<ul><li>D.R. Horton, America's Builder, reported financial outcomes for the second quarter of fiscal 2024 indicating a positive trajectory in both revenue and profit generation.</li><li>Despite challenges related to elevated inflation and mortgage interest rates, the company has demonstrated solid performance with an earnings increase to $3.52 per diluted share, from $2.73 in the prior-year quarter.</li><li>Consolidated revenue increased by 14%, reaching $9.1 billion; and home sales revenue surged by 14% to approximately $8.5 billion on 22,548 home closings.</li></ul>

D.R. Horton, America's Builder, reported financial outcomes for the second quarter of fiscal 2024 indicating a positive trajectory in both revenue and profit generation.Despite challenges related to elevated inflation and mortgage interest rates, the company has demonstrated solid performance with an earnings increase to $3.52 per diluted share, from $2.73 in the prior-year quarter.Consolidated revenue increased by 14%, reaching $9.1 billion; and home sales revenue surged by 14% to approximately $8.5 billion on 22,548 home closings.

D.R. Horton Inc.: A Tale Of Dealing With Interest Rate Fluctuations and Market Adaptability! - Major Drivers

United States

D.R. Horton, Inc. constructs and sells single-family homes designed primarily for the entry-level and move-up markets.  The Company operates in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. D.R. Horton also, through its financial services operations, provide mortgage financing and title agency services to homebuyers.

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Dr Horton Inc (DHI US)

D.R. Horton: Adaptation to Market Trends Powering Our Bullishness! - Major Drivers

D.R. Horton, Inc., "America's Builder," reported its financial performance for the first quarter of fiscal 2025 with results that underscore both...

Baptista Research

DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

$DJI and Russell 2000 $IWM Breaking Out; Staying Bullish $SPX $QQQ; Bullish Developments Continue: DJI, IWM, $RSP Breakouts, RS on $XLP at new...

Vermilion Research

D.R. Horton: How Are They Adapting Pricing and Incentives in Response to Market Conditions? - Major Drivers

D.R. Horton presented a comprehensive review of its fiscal year and quarter ending in 2024 in their most recent earnings call, disclosing a mixed...

Baptista Research

D.R. Horton Inc.: Efficient Land Development Strategy & Other Major Drivers

D.R. Horton's third-quarter 2024 earnings reflect the company's ability to navigate a complex market landscape impacted by inflation and raised...

Baptista Research

D.R. Horton Inc.: A Tale Of Dealing With Interest Rate Fluctuations and Market Adaptability! - Major Drivers

D.R. Horton, America's Builder, reported financial outcomes for the second quarter of fiscal 2024 indicating a positive trajectory in both revenue...

Baptista Research

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