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>GE Aerospace’s first quarter performance reflects a combination of strong operational execution and a supportive demand environment, offset by emerging macro uncertainties that may influence the trajectory of growth beyond the near term.</li><li>The company delivered robust financial results, with significant growth in orders, revenue, operating profit, and earnings per share, primarily driven by strength in commercial services and defense-related demand.</li><li>Services activity remains a core driver, supported by elevated shop visit volumes, strong spare parts demand, and a large installed base.</li></ul>

GE Aerospace’s first quarter performance reflects a combination of strong operational execution and a supportive demand environment, offset by emerging macro uncertainties that may influence the trajectory of growth beyond the near term.The company delivered robust financial results, with significant growth in orders, revenue, operating profit, and earnings per share, primarily driven by strength in commercial services and defense-related demand.Services activity remains a core driver, supported by elevated shop visit volumes, strong spare parts demand, and a large installed base.

GE Aerospace: Inside The $170 Billion Backlog That Is Quietly Powering Multi Year Growth!

<ul><li>General Electric Company's (GE) Aerospace division displayed a robust performance during its fourth-quarter and full-year 2025 earnings call, demonstrating both opportunities and challenges that may shape the outlook for potential investors.</li><li>The notable aspects of the results included significant growth in orders, revenue, and profitability, yet they also highlighted areas requiring attention, particularly in operational efficiencies and product cost management.</li><li>GE Aerospace reported a strong finish to 2025, with orders surging by 74% in the fourth quarter, driven by sustained demand for its services and equipment.</li></ul>

General Electric Company's (GE) Aerospace division displayed a robust performance during its fourth-quarter and full-year 2025 earnings call, demonstrating both opportunities and challenges that may shape the outlook for potential investors.The notable aspects of the results included significant growth in orders, revenue, and profitability, yet they also highlighted areas requiring attention, particularly in operational efficiencies and product cost management.GE Aerospace reported a strong finish to 2025, with orders surging by 74% in the fourth quarter, driven by sustained demand for its services and equipment.

GE Aerospace’s Biggest Growth Engine Is Back—Can CES and DPT Deliver a Powerful Revenue Surge?

<ul><li>General Dynamics Corporation (GD) reported a strong financial performance for the third quarter of 2025, demonstrating significant growth across its various business segments.</li><li>The aerospace and marine systems divisions were the primary contributors to this growth, showcasing substantial revenue increases and improved operating margins.</li><li>The aerospace segment exhibited an impressive 30.3% year-over-year revenue growth, generating $3.2 billion, primarily driven by new aircraft deliveries and increased special mission volume.</li></ul>

General Dynamics Corporation (GD) reported a strong financial performance for the third quarter of 2025, demonstrating significant growth across its various business segments.The aerospace and marine systems divisions were the primary contributors to this growth, showcasing substantial revenue increases and improved operating margins.The aerospace segment exhibited an impressive 30.3% year-over-year revenue growth, generating $3.2 billion, primarily driven by new aircraft deliveries and increased special mission volume.

General Dynamics’ Cash Flow Surges 179% of Net Income—What’s Powering This Boom?

<ul><li>General Electric Company (GE) reported its third-quarter results for 2025, reflecting a robust financial performance driven by the strength of its aerospace operations.</li><li>The company's revenue increased by 26% year-over-year, reaching $11.3 billion, while the operating profit grew by the same percentage to $2.3 billion.</li><li>Earnings per share (EPS) improved significantly, rising 44% to $1.66, supported by a strong free cash flow conversion of over 130%.</li></ul>

General Electric Company (GE) reported its third-quarter results for 2025, reflecting a robust financial performance driven by the strength of its aerospace operations.The company's revenue increased by 26% year-over-year, reaching $11.3 billion, while the operating profit grew by the same percentage to $2.3 billion.Earnings per share (EPS) improved significantly, rising 44% to $1.66, supported by a strong free cash flow conversion of over 130%.

GE Aerospace: How Is The Management Expanding Aftermarket Dominance & Long-Term Service Revenue Visibility!

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>AI boom reflected in record fund ownership in ASML Holding NV (ASML NA), NVIDIA Corp and Taiwan Semiconductor (TSMC) (2330 TT).</li>
<li>The 'Magnificent 7' group of stocks have hit a record underweight of -6.83% below the MSCI ACWI index.  They collectively account for 11.2% of the average Global fund.</li>
<li>Recovery Stocks: The old guard of At&amp;T Inc (T US), International Business Machines (IBM US) and General Electric (GE US) appear to be gathering some support from active Global funds.</li>
</ul>


AI boom reflected in record fund ownership in ASML Holding NV (ASML NA), NVIDIA Corp and Taiwan Semiconductor (TSMC) (2330 TT).
The 'Magnificent 7' group of stocks have hit a record underweight of -6.83% below the MSCI ACWI index.  They collectively account for 11.2% of the average Global fund.
Recovery Stocks: The old guard of At&amp;T Inc (T US), International Business Machines (IBM US) and General Electric (GE US) appear to be gathering some support from active Global funds.


Global Stock Positioning:  MSFT Dominates, Mag7 Record U/W, Apple Inflows, Tobacco Uninvestable?

United States

General Electric Company is a globally diversified technology and financial services company. The Company's products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

General Electric (GE US)

GE Aerospace: Inside The $170 Billion Backlog That Is Quietly Powering Multi Year Growth!

GE Aerospace’s first quarter performance reflects a combination of strong operational execution and a supportive demand environment, offset by...

Baptista Research

GE Aerospace’s Biggest Growth Engine Is Back—Can CES and DPT Deliver a Powerful Revenue Surge?

General Electric Company's (GE) Aerospace division displayed a robust performance during its fourth-quarter and full-year 2025 earnings call,...

Baptista Research

General Dynamics’ Cash Flow Surges 179% of Net Income—What’s Powering This Boom?

General Dynamics Corporation (GD) reported a strong financial performance for the third quarter of 2025, demonstrating significant growth across...

Baptista Research

GE Aerospace: How Is The Management Expanding Aftermarket Dominance & Long-Term Service Revenue Visibility!

General Electric Company (GE) reported its third-quarter results for 2025, reflecting a robust financial performance driven by the strength of its...

Baptista Research

Global Stock Positioning: MSFT Dominates, Mag7 Record U/W, Apple Inflows, Tobacco Uninvestable?

The latest in stock-level investor positioning among over 300 active Global funds. We explore the AI boom, key over/underweights, Tobacco's...

Steven Holden

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)