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>Duke Energy's second-quarter 2025 earnings report demonstrates a blend of strategic growth initiatives and financial recalibrations.</li><li>The company announced significant transactions including Brookfield Infrastructure's $6 billion minority investment in its Florida business and the $2.5 billion sale of its Tennessee LDC business to Spire.</li><li>These moves are designed to enhance Duke Energy's credit profile, aiming to increase its FFO to debt target to 15%, a 100 basis point increase.</li></ul>

Duke Energy's second-quarter 2025 earnings report demonstrates a blend of strategic growth initiatives and financial recalibrations.The company announced significant transactions including Brookfield Infrastructure's $6 billion minority investment in its Florida business and the $2.5 billion sale of its Tennessee LDC business to Spire.These moves are designed to enhance Duke Energy's credit profile, aiming to increase its FFO to debt target to 15%, a 100 basis point increase.

Duke Energy: Optimizing Resource Allocation to Maximize Operational Efficiency & Financial Performance Through Targeted Capital Investments!

<ul><li>Duke Energy Corporation concluded its financial year 2024 with adjusted earnings per share (EPS) of $5.90, comfortably within their guidance range.</li><li>Lynn Good, Duke Energy's outgoing CEO, highlighted the company's resilience, particularly in its response to significant weather incidents such as Hurricanes Helene and Milton.</li><li>The company’s planned EPS for 2025 is projected to be between $6.17 and $6.42, with emphasis on a midpoint of $6.30, indicating an anticipated earnings growth of 7.7%.</li></ul>

Duke Energy Corporation concluded its financial year 2024 with adjusted earnings per share (EPS) of $5.90, comfortably within their guidance range.Lynn Good, Duke Energy's outgoing CEO, highlighted the company's resilience, particularly in its response to significant weather incidents such as Hurricanes Helene and Milton.The company’s planned EPS for 2025 is projected to be between $6.17 and $6.42, with emphasis on a midpoint of $6.30, indicating an anticipated earnings growth of 7.7%.

Duke Energy: Load Growth & Economic Development As A Critical Growth Lever!

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.

<ul><li>On the All Thoughts podcast, Tracy Alloway and Joe discuss Tracy's new solar panel and energy challenges during a snowstorm.</li><li>Duke Energy's Senior VP of Pricing and Customer Solutions discusses the complexities of energy pricing, renewable energy, and the future of the grid.</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>

On the All Thoughts podcast, Tracy Alloway and Joe discuss Tracy's new solar panel and energy challenges during a snowstorm.Duke Energy's Senior VP of Pricing and Customer Solutions discusses the complexities of energy pricing, renewable energy, and the future of the grid.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

This Is How Electricity Rates Are Actually Set

<ul><li>Duke Energy's third-quarter 2024 earnings highlighted the operational and financial impacts of an unprecedented hurricane season, significantly influencing the period's results.</li><li>The company reported an adjusted earnings per share of $1.62, down from $1.94 in the same quarter of the previous year.</li><li>Several factors contributed to this decrease, primarily related to the restoration costs and revenue losses due to the series of hurricanes—Debby, Helene, and Milton—that caused extensive damage across Duke Energy's service territories.</li></ul>

Duke Energy's third-quarter 2024 earnings highlighted the operational and financial impacts of an unprecedented hurricane season, significantly influencing the period's results.The company reported an adjusted earnings per share of $1.62, down from $1.94 in the same quarter of the previous year.Several factors contributed to this decrease, primarily related to the restoration costs and revenue losses due to the series of hurricanes—Debby, Helene, and Milton—that caused extensive damage across Duke Energy's service territories.

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>Price action on SPX is extremely similar to prior major topping patterns in April 2000 and August 2007, which is why we recommended reducing risk near 5670-5783 last week.</li>
<li>Additional similarities to 2000/2007 (other than price action) include the Fed cutting rates, recession indicators such as the Sahm rule and Schannep Recession Indicator (SRI) triggered, and yield curve un-inverting.</li>
<li>SPX resistance is in the 5670-5783 range; if a major top is happening, that is where it would start from (using the 2000 and 2007 tops as comparisons).</li>
</ul>


Price action on SPX is extremely similar to prior major topping patterns in April 2000 and August 2007, which is why we recommended reducing risk near 5670-5783 last week.
Additional similarities to 2000/2007 (other than price action) include the Fed cutting rates, recession indicators such as the Sahm rule and Schannep Recession Indicator (SRI) triggered, and yield curve un-inverting.
SPX resistance is in the 5670-5783 range; if a major top is happening, that is where it would start from (using the 2000 and 2007 tops as comparisons).


Recessionary Signals as SPX Tests Resistance; Downgrading Energy to Underweight

United States

Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets.  The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America.

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Duke Energy (DUK US)

Duke Energy: Optimizing Resource Allocation to Maximize Operational Efficiency & Financial Performance Through Targeted Capital Investments!

Duke Energy's second-quarter 2025 earnings report demonstrates a blend of strategic growth initiatives and financial recalibrations. The company...

Baptista Research

Duke Energy: Load Growth & Economic Development As A Critical Growth Lever!

Duke Energy Corporation concluded its financial year 2024 with adjusted earnings per share (EPS) of $5.90, comfortably within their guidance...

Baptista Research

This Is How Electricity Rates Are Actually Set

Business leaders prioritize AI, Grammarly is a trusted AI tool, and the All Thoughts podcast explores personal energy problems, with a guest from...

Odd Lots

Duke Energy: The Massive Load Growth

Duke Energy's third-quarter 2024 earnings highlighted the operational and financial impacts of an unprecedented hurricane season, significantly...

Baptista Research

Recessionary Signals as SPX Tests Resistance; Downgrading Energy to Underweight

Recessionary Signals as $SPX Tests Resistance; Downgrading Energy $XLE to Underweight; WTI Crude Oil Breakdown. Still expecting more downside. $XLB...

Vermilion Research

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