Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>There are 3 changes for the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX</a>, 7 changes for the S&amp;P Midcap400 Index and 13 changes for the S&amp;P SmallCap600 Index at the June rebalance.</li>
<li>There is huge size to trade in <a href="https://www.smartkarma.com/entities/kkr-co-inc" target="_blank" data-smartkarma-citation="entities:27333:1" rel="noopener">KKR &amp; Co (KKR US)</a> and <a href="https://www.smartkarma.com/entities/crowdstrike-holdings-inc" target="_blank" data-smartkarma-citation="entities:28117:1" rel="noopener">Crowdstrike Holdings (CRWD US)</a> and both stocks were up big in the after-hours market.</li>
<li>There has been positioning in some stocks recently but stocks including <a href="https://www.smartkarma.com/entities/kkr-co-inc" target="_blank" data-smartkarma-citation="entities:27333:1" rel="noopener">KKR &amp; Co</a>, <a href="https://www.smartkarma.com/entities/rb-global-inc" target="_blank" data-smartkarma-citation="entities:25475:1" rel="noopener">RB Global</a> and <a href="https://www.smartkarma.com/entities/texas-pacific-land-corp" target="_blank" data-smartkarma-citation="entities:28693:1" rel="noopener">Texas Pacific Land</a> could see further positioning in the next week.</li>
</ul>


There are 3 changes for the S&amp;P 500 INDEX, 7 changes for the S&amp;P Midcap400 Index and 13 changes for the S&amp;P SmallCap600 Index at the June rebalance.
There is huge size to trade in KKR &amp; Co (KKR US) and Crowdstrike Holdings (CRWD US) and both stocks were up big in the after-hours market.
There has been positioning in some stocks recently but stocks including KKR &amp; Co, RB Global and Texas Pacific Land could see further positioning in the next week.


S&P500/400/600 Index Rebalance: Huge Size to Trade in a Few Stocks

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>GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company.</li><li>Notably, through their free cash flow, the company has achieved growth of 26% year-over-year, thanks to their profitable growth model that converts customer value to shareholder value.</li><li>This has been largely driven by a surge in the applications and commerce sector, which has seen bookings growth of 22% and normalized EBITDA margin expansion of 400 basis points.</li></ul>

GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company.Notably, through their free cash flow, the company has achieved growth of 26% year-over-year, thanks to their profitable growth model that converts customer value to shareholder value.This has been largely driven by a surge in the applications and commerce sector, which has seen bookings growth of 22% and normalized EBITDA margin expansion of 400 basis points.

GoDaddy Inc.: Utilizing Data and AI for Pricing and Bundling & Other Major Drivers

<ul><li>In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory, particularly in its Applications & Commerce segment that achieved a 16% bookings growth.</li><li>The company has also successfully driven a 2023 normalized EBITDA margin that surpassed previous guidance due to its investment in growth and cost structure management.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory, particularly in its Applications & Commerce segment that achieved a 16% bookings growth.The company has also successfully driven a 2023 normalized EBITDA margin that surpassed previous guidance due to its investment in growth and cost structure management.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

GoDaddy Inc: A Story Of Penetration of Existing Customer Base with Payment Services! - Major Drivers

<ul><li>In the third quarter, GoDaddy managed a decent performance delivering revenues on par with market expectations and managing an earnings beat.</li><li>The company reported a noteworthy 250 basis points sequential increase in normalized EBITDA margins, mainly attributed to reduced technology and development expenditures.</li><li>The integration of generative AI extends beyond customer care and marketing functions, establishing GoDaddy as a leader in the industry.</li></ul>

In the third quarter, GoDaddy managed a decent performance delivering revenues on par with market expectations and managing an earnings beat.The company reported a noteworthy 250 basis points sequential increase in normalized EBITDA margins, mainly attributed to reduced technology and development expenditures.The integration of generative AI extends beyond customer care and marketing functions, establishing GoDaddy as a leader in the industry.

GoDaddy Inc.: Dominating Digital Domains with Advanced AI and Cloud Integration! - Major Drivers

<ul><li>In the second quarter, GoDaddy delivered on-par revenues and below-par earnings while continuing to offer diverse solutions to a global customer base.</li><li>Their robust business health is evidenced by their acquisition of high-quality customers, strong retention rates, and improved attachment rates.</li><li>Customers are increasingly bundling new solutions, reflecting the company's innovation and driving higher monetization through attachment and pricing while ensuring strong retention rates.</li></ul>

In the second quarter, GoDaddy delivered on-par revenues and below-par earnings while continuing to offer diverse solutions to a global customer base.Their robust business health is evidenced by their acquisition of high-quality customers, strong retention rates, and improved attachment rates.Customers are increasingly bundling new solutions, reflecting the company's innovation and driving higher monetization through attachment and pricing while ensuring strong retention rates.

GoDaddy Inc.: How AI-Powered Innovations are Revolutionizing Their Customer Retention! - Major Drivers

United States

GoDaddy, Inc. provides a cloud-based web platform for small businesses, web design professionals and individuals. The Company's platform provides applications that help them connect to their customers, manage their businesses and get found online.

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Godaddy Inc Class A (GDDY US)

S&P500/400/600 Index Rebalance: Huge Size to Trade in a Few Stocks

KKR, Crowdstrike and GoDaddy will be added to the SP500 at the close on 21 June. There are a bunch of changes for the SP400/600 indices too. There...

Brian Freitas

GoDaddy Inc.: Utilizing Data and AI for Pricing and Bundling & Other Major Drivers

GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company. Notably,...

Baptista Research

GoDaddy Inc: A Story Of Penetration of Existing Customer Base with Payment Services! - Major Drivers

In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory,...

Baptista Research

GoDaddy Inc.: Dominating Digital Domains with Advanced AI and Cloud Integration! - Major Drivers

In the third quarter, GoDaddy managed a decent performance delivering revenues on par with market expectations and managing an earnings beat. The...

Baptista Research

GoDaddy Inc.: How AI-Powered Innovations are Revolutionizing Their Customer Retention! - Major Drivers

In the second quarter, GoDaddy delivered on-par revenues and below-par earnings while continuing to offer diverse solutions to a global customer...

Baptista Research

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