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>Five Below, Inc. recently reported its financial outcomes for the second quarter of 2025, revealing a strong performance that exceeded expectations and marked pivotal achievements.</li><li>During the quarter, the company reached over $1 billion in sales, a milestone outside of the typically high-Q4, underscoring its robust business model and consumer appeal.</li><li>The results were propelled by strategic decisions, including curated newness in product assortments, simplified pricing structures, improved product availability, and innovative marketing efforts leveraging creator content.</li></ul>

Five Below, Inc. recently reported its financial outcomes for the second quarter of 2025, revealing a strong performance that exceeded expectations and marked pivotal achievements.During the quarter, the company reached over $1 billion in sales, a milestone outside of the typically high-Q4, underscoring its robust business model and consumer appeal.The results were propelled by strategic decisions, including curated newness in product assortments, simplified pricing structures, improved product availability, and innovative marketing efforts leveraging creator content.

Five Below: Product Pricing & Mix Optimization As A Key Determinant In Driving Ticket Growth!

<ul><li>Five Below reported strong performance in the first quarter of fiscal 2025, with financial results exceeding expectations.</li><li>Total sales increased by 19.5% to $970.5 million compared to the same period last year, driven by a 7.1% rise in comparable sales and a 6.2% growth in transactions.</li><li>This growth was attributed to successful product strategies, enhanced in-store experiences, and effective marketing campaigns.</li></ul>

Five Below reported strong performance in the first quarter of fiscal 2025, with financial results exceeding expectations.Total sales increased by 19.5% to $970.5 million compared to the same period last year, driven by a 7.1% rise in comparable sales and a 6.2% growth in transactions.This growth was attributed to successful product strategies, enhanced in-store experiences, and effective marketing campaigns.

Five Below: An Enhanced Product & Pricing Strategy to Sustain Competitiveness In The Retail Marketplace!

<ul><li>Five Below is a retail chain that focuses on offering a variety of trend-right products at value prices.</li><li>In its recently discussed financial results, the company presented a mixed performance for the fourth quarter and full year of fiscal 2024.</li><li>On the positive side, total sales for the full year reached nearly $3.9 billion, marking a 10.4% year-over-year increase.</li></ul>

Five Below is a retail chain that focuses on offering a variety of trend-right products at value prices.In its recently discussed financial results, the company presented a mixed performance for the fourth quarter and full year of fiscal 2024.On the positive side, total sales for the full year reached nearly $3.9 billion, marking a 10.4% year-over-year increase.

Five Below Inc.: Expansion of Global Sourcing Operations to Sustain Top-Line Growth!

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Capital Markets

<ul>
<li>A recent report shows apparent gains by Temu against US "dollar" store chains</li>
<li>In this insight we introduce the "dollar" store concept and share our experiences</li>
<li>We conclude that Temu &amp; SHEIN don't likely view some categories as priorities</li>
</ul>


A recent report shows apparent gains by Temu against US "dollar" store chains
In this insight we introduce the "dollar" store concept and share our experiences
We conclude that Temu &amp; SHEIN don't likely view some categories as priorities


Temu Versus Dollar Tree: More Online & Offline Adventures in Pursuit of Ultra-Cheap Stuff

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>A weak 20-year note auction last Wednesday sparked the first semi-meaningful pullback since this lockout rally began April 22nd, when we turned short-term bullish (4/22/25Compass) as SPX was testing 5100-5120.</li>
<li>We will be watching the 10- and 30-year Treasury yields closely, as both are approaching important resistance levels (more on that below).</li>
<li>Unsurprisingly, SPX only tested short-term gap support on the pullback at 5700-5785, where we said to expect support in last week's Compass (5/20/25). Expect this gap support to hold.</li>
</ul>


A weak 20-year note auction last Wednesday sparked the first semi-meaningful pullback since this lockout rally began April 22nd, when we turned short-term bullish (4/22/25Compass) as SPX was testing 5100-5120.
We will be watching the 10- and 30-year Treasury yields closely, as both are approaching important resistance levels (more on that below).
Unsurprisingly, SPX only tested short-term gap support on the pullback at 5700-5785, where we said to expect support in last week's Compass (5/20/25). Expect this gap support to hold.


Upgrading Consumer Discretionary (XLY) To Overweight; 5700-5785 SPX Gap Support Holding as Expected

United States

Five Below, Inc. operates as a specialty value retailer. The Company offers products such as crafts, party, candy, sports, media, and seasonal products. Five Below serves its customers throughout the United States.

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Five Below (FIVE US)

Five Below: Product Pricing & Mix Optimization As A Key Determinant In Driving Ticket Growth!

Five Below, Inc. recently reported its financial outcomes for the second quarter of 2025, revealing a strong performance that exceeded...

Baptista Research

Five Below: An Enhanced Product & Pricing Strategy to Sustain Competitiveness In The Retail Marketplace!

Five Below reported strong performance in the first quarter of fiscal 2025, with financial results exceeding expectations. Total sales increased...

Baptista Research

Five Below Inc.: Expansion of Global Sourcing Operations to Sustain Top-Line Growth!

Five Below is a retail chain that focuses on offering a variety of trend-right products at value prices. In its recently discussed financial...

Baptista Research

Temu Versus Dollar Tree: More Online & Offline Adventures in Pursuit of Ultra-Cheap Stuff

In this insight, we introduce readers to the US "dollar" store concept, then compare our experiences shopping for cheap stuff at Dollar Tree and...

Tracking Traffic

Upgrading Consumer Discretionary (XLY) To Overweight; 5700-5785 SPX Gap Support Holding as Expected

Upgrading Consumer Discretionary $XLY to Overweight; 5700-5785 $SPX Gap Support Holding as we expected/discussed last week. 4.7-4.8% on 10y...

Vermilion Research

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