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>Gold.com is expanding its alternative-assets ecosystem following the acquisition of Orange County-based Wine Cellar Club by its majority-owned subsidiary, Spectrum Wine Auctions.</li><li>Announced by Spectrum on September 30 and publicly disclosed by Gold.com on October 8, 2026, the transaction adds two climate-controlled wine-storage facilities to its growing collectibles infrastructure.</li><li>The acquisition increases Spectrum Wine's total storage capacity to approximately 1.5 million bottles, or 125,000 cases, across nearly 75,000 square feet in Orange County and Hong Kong.</li></ul>

Gold.com is expanding its alternative-assets ecosystem following the acquisition of Orange County-based Wine Cellar Club by its majority-owned subsidiary, Spectrum Wine Auctions.Announced by Spectrum on September 30 and publicly disclosed by Gold.com on October 8, 2026, the transaction adds two climate-controlled wine-storage facilities to its growing collectibles infrastructure.The acquisition increases Spectrum Wine's total storage capacity to approximately 1.5 million bottles, or 125,000 cases, across nearly 75,000 square feet in Orange County and Hong Kong.

Gold.com's Latest Acquisition Unlocks 1.5 Million Bottles Of Wine Storage Capacity!

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<li>Gold.com has entered a pivotal phase as it pushes deeper into vertical integration across the precious metals value chain.</li>
<li>The company recently announced the acquisition of Sunshine Minting, a long-standing supplier and one of the most established manufacturers of blanks, coins, medallions, and custom precious metals products in North America.</li>
<li>The transaction follows Gold.com’s earlier minority investments in Sunshine Minting and arrives just as management has been highlighting elevated retail demand, stronger premium spreads, improving market conditions after a period of silver backwardation, and a broader effort to strengthen logistics, storage, and operating leverage.</li>
</ul>


Gold.com has entered a pivotal phase as it pushes deeper into vertical integration across the precious metals value chain.
The company recently announced the acquisition of Sunshine Minting, a long-standing supplier and one of the most established manufacturers of blanks, coins, medallions, and custom precious metals products in North America.
The transaction follows Gold.com’s earlier minority investments in Sunshine Minting and arrives just as management has been highlighting elevated retail demand, stronger premium spreads, improving market conditions after a period of silver backwardation, and a broader effort to strengthen logistics, storage, and operating leverage.


Gold.com Acquisition Shocker: Why This Sunshine Minting Deal Changes Everything!

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>El Nino trades tend to get discussed as futures positions - long Cocoa, long Sugar, short whatever the weather is punishing this month.</li><li>That is the obvious layer. The less obvious one sits in equities of companies whose operating margins are already so thin that a commodity price move which barely registers for a diversified producer can flip a loss-making segment into a meaningfully profitable one.</li><li>Sudzucker is a live example of exactly that setup, playing out right now.</li></ul>

El Nino trades tend to get discussed as futures positions - long Cocoa, long Sugar, short whatever the weather is punishing this month.That is the obvious layer. The less obvious one sits in equities of companies whose operating margins are already so thin that a commodity price move which barely registers for a diversified producer can flip a loss-making segment into a meaningfully profitable one.Sudzucker is a live example of exactly that setup, playing out right now.

Undiscovered Gems of the El Nino - Suedzucker

<ul><li>Everyone is talking El Nino, but the textbook regional fingerprints in North and South America are nowhere to be found.</li><li>That is not the thesis breaking down - it is the calendar. The Indian monsoon shows why.</li><li>El Nino is everywhere in commodity conversation right now, and our own data points to this cycle running strong. </li></ul>

Everyone is talking El Nino, but the textbook regional fingerprints in North and South America are nowhere to be found.That is not the thesis breaking down - it is the calendar. The Indian monsoon shows why.El Nino is everywhere in commodity conversation right now, and our own data points to this cycle running strong. 

Where Are the Classic El Nino Signatures? Right on Schedule - Just Not Here Yet

United States

Gold.com, Inc. operates as a metals trading company. The Company provides an integrated alternative assets platform that offers precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients. Gold.com serves customers worldwide.

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Gold.com (GOLD US)

Gold.com's Latest Acquisition Unlocks 1.5 Million Bottles Of Wine Storage Capacity!

Gold.com is expanding its alternative-assets ecosystem following the acquisition of Orange County-based Wine Cellar Club by its majority-owned...

Baptista Research

Gold.com Acquisition Shocker: Why This Sunshine Minting Deal Changes Everything!

Gold.com has entered a pivotal phase as it pushes deeper into vertical integration across the precious metals value chain. The company recently...

Baptista Research

Undiscovered Gems of the El Nino - Suedzucker

El Nino trades tend to get discussed as futures positions - long Cocoa, long Sugar, short whatever the weather is punishing this month.

The Commodity Report

Where Are the Classic El Nino Signatures? Right on Schedule - Just Not Here Yet

Everyone is talking El Nino, but the textbook regional fingerprints in North and South America are nowhere to be found. That is not the thesis...

The Commodity Report

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