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

Crude oil prices display bullish short-term reversals, resulting in bullish price and RS reversals for global Energy stocks -- add exposure. From a macro perspective, despite some mild price deterioration recently on major indexes around the globe, our outlook remains unchanged and we remain neutral yet constructive overall. Market dynamics remain largely constructive and we continue to see attractive opportunities in many countries/regions such as Japan, China (Shanghai Composite), Europe, India, and Canada, to name a few.

Crude oil prices display bullish short-term reversals, resulting in bullish price and RS reversals for global Energy stocks -- add exposure. From a macro perspective, despite some mild price deterioration recently on major indexes around the globe, our outlook remains unchanged and we remain neutral yet constructive overall. Market dynamics remain largely constructive and we continue to see attractive opportunities in many countries/regions such as Japan, China (Shanghai Composite), Europe, India, and Canada, to name a few.

Global Energy Sector Improving -- Buying Reliance Industries Ltd, Several Others

We highlight several positive developments that have occurred since last week’s Int’l Compass report, all of which continue to support our overall constructive outlook. Last week we noted Europe’s STOXX 500 was on the cusp of a breakout above 4040; we got the breakout. WTI and Brent crude oil also broke above key multi-year resistance at $67 and $70, respectively. The MSCI ACWI, ACWI ex-US, and EAFE indexes each hit new all-time highs and remain in uptrends. The MSCI Emerging Markets index (EEM-US) bullishly inflected above short-term resistance at $55.35 and RS is reversing the downtrend. These are all bullish signals for global equities, and our constructive outlook remains appropriate.

We highlight several positive developments that have occurred since last week’s Int’l Compass report, all of which continue to support our overall constructive outlook. Last week we noted Europe’s STOXX 500 was on the cusp of a breakout above 4040; we got the breakout. WTI and Brent crude oil also broke above key multi-year resistance at $67 and $70, respectively. The MSCI ACWI, ACWI ex-US, and EAFE indexes each hit new all-time highs and remain in uptrends. The MSCI Emerging Markets index (EEM-US) bullishly inflected above short-term resistance at $55.35 and RS is reversing the downtrend. These are all bullish signals for global equities, and our constructive outlook remains appropriate.

Major Breakouts For WTI and Brent Crude Oil. Actionable Themes: Energy, Manufacturing, Autos/Parts

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>Equinor reported a robust financial performance for the first quarter with notable achievements, as well as challenges, particularly concerning their Empire Wind project.</li><li>The company announced an adjusted operating income of $8.6 billion before tax and a net income of $2.6 billion under IFRS.</li><li>Cash flow from operations post-tax was $7.4 billion, with an adjusted earnings per share of $0.66 and $0.97 on GAAP terms.</li></ul>

Equinor reported a robust financial performance for the first quarter with notable achievements, as well as challenges, particularly concerning their Empire Wind project.The company announced an adjusted operating income of $8.6 billion before tax and a net income of $2.6 billion under IFRS.Cash flow from operations post-tax was $7.4 billion, with an adjusted earnings per share of $0.66 and $0.97 on GAAP terms.

Equinor’s Bacalhau Project Is On Track—Could This Brazilian Oil Field Be a Game-Changer for 2025?

<ul><li>Equinor ASA's Q3 earnings report presents mixed signals, with both promising and challenging aspects evident in its operational and financial activities.</li><li>On the positive side, Equinor delivered solid financial results despite a challenging environment with numerous planned turnarounds.</li><li>The company reported an adjusted operating income of $6.9 billion before tax and an IFRS net income of $2.3 billion.</li></ul>

Equinor ASA's Q3 earnings report presents mixed signals, with both promising and challenging aspects evident in its operational and financial activities.On the positive side, Equinor delivered solid financial results despite a challenging environment with numerous planned turnarounds.The company reported an adjusted operating income of $6.9 billion before tax and an IFRS net income of $2.3 billion.

Equinor Doubles Down on European Gas Volatility – Will This Strategy Pay Off?

<ul><li>Equinor ASA's recent performance for the third quarter highlights several noteworthy financial and operational metrics, reflecting both strengths and challenges in its strategic execution.</li><li>For the quarter, Equinor reported an adjusted operating income of $6.9 billion before tax and an IFRS net income of $2.3 billion.</li><li>Year-to-date, the company has generated $14 billion in cash flow from operations after tax.</li></ul>

Equinor ASA's recent performance for the third quarter highlights several noteworthy financial and operational metrics, reflecting both strengths and challenges in its strategic execution.For the quarter, Equinor reported an adjusted operating income of $6.9 billion before tax and an IFRS net income of $2.3 billion.Year-to-date, the company has generated $14 billion in cash flow from operations after tax.

Equinor ASA: Will The Increased Gas Exposure in Europe Decision Ignite a Breakthrough? - Major Drivers

Norway

Equinor ASA operates as an energy company. The Company develops oil, gas, wind, and solar energy projects, as well as focuses on offshore operations and exploration services. Equinor serves customers worldwide.

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Equinor ASA (EQNR US)

Global Energy Sector Improving -- Buying Reliance Industries Ltd, Several Others

Crude oil prices display bullish short-term reversals, resulting in bullish price and RS reversals for global Energy stocks -- add exposure.

Vermilion Research

Major Breakouts For WTI and Brent Crude Oil. Actionable Themes: Energy, Manufacturing, Autos/Parts

Today we highlight several positive developments that have occurred since last week’s Int’l Compass report, all of which continue to support our...

Vermilion Research

Equinor’s Bacalhau Project Is On Track—Could This Brazilian Oil Field Be a Game-Changer for 2025?

Equinor reported a robust financial performance for the first quarter with notable achievements, as well as challenges, particularly concerning...

Baptista Research

Equinor Doubles Down on European Gas Volatility – Will This Strategy Pay Off?

Equinor ASA's Q3 earnings report presents mixed signals, with both promising and challenging aspects evident in its operational and financial...

Baptista Research

Equinor ASA: Will The Increased Gas Exposure in Europe Decision Ignite a Breakthrough? - Major Drivers

Equinor ASA's recent performance for the third quarter highlights several noteworthy financial and operational metrics, reflecting both strengths...

Baptista Research

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