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>Healthcare Services Group has made a significant move to expand its presence in the senior living and hospitality markets with its October 7, 2026, acquisition of NEXDINE Hospitality for an upfront cash consideration of $93.5 million.</li><li>The transaction also includes potential additional payments tied to performance milestones, with NEXDINE expected to contribute more than $150 million in annual revenue.</li><li>The Mansfield, Massachusetts-based company will operate as a wholly owned subsidiary while retaining its existing leadership team, including founder and CEO David Lanci.</li></ul>

Healthcare Services Group has made a significant move to expand its presence in the senior living and hospitality markets with its October 7, 2026, acquisition of NEXDINE Hospitality for an upfront cash consideration of $93.5 million.The transaction also includes potential additional payments tied to performance milestones, with NEXDINE expected to contribute more than $150 million in annual revenue.The Mansfield, Massachusetts-based company will operate as a wholly owned subsidiary while retaining its existing leadership team, including founder and CEO David Lanci.

Healthcare Services Group’s $93.5 Million Acquisition: A $150 Million Revenue Opportunity?

Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Equity Derivatives

<ul><li>Sentiment read: Options flow split sharply this week.</li><li>Momentum and ETF names drew aggressive call buying, pushing put-call ratios to historic lows.</li><li>At the same time, traders loaded up on puts ahead of several October and November earnings dates, a pattern that dominated the high-severity alerts.</li></ul>

Sentiment read: Options flow split sharply this week.Momentum and ETF names drew aggressive call buying, pushing put-call ratios to historic lows.At the same time, traders loaded up on puts ahead of several October and November earnings dates, a pattern that dominated the high-severity alerts.

Options Weekly: Bears Circle Earnings Names as Call Fever Grips Momentum Stocks

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>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM).</li>
<li>With that said, we have expressed our concern over the past two weeks in our reports, particularly as it relates to a prolonged consolidation for QQQ/Technology (XLK).</li>
<li>We continue to believe a consolidation/continuation of the short-term downtrends is likely through mid-to-late-August amid ongoing choppy price action for semiconductors (SOXX), memory (DRAM), and optical equipment/photonics (EUV) names.</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM).
With that said, we have expressed our concern over the past two weeks in our reports, particularly as it relates to a prolonged consolidation for QQQ/Technology (XLK).
We continue to believe a consolidation/continuation of the short-term downtrends is likely through mid-to-late-August amid ongoing choppy price action for semiconductors (SOXX), memory (DRAM), and optical equipment/photonics (EUV) names.


Upgrading Communications (XLC) To Market Weight; A.I. Names to Remain Under Pressure?

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>Since January 2023 we have anticipated 4165-4200 would cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.</li>
<li>So far there has not been much traction above 4200. Obvious problem is weak breadth, but this does not <em>have to</em> end badly if large-caps pause, and capital disperses elsewhere</li>
<li>To that end, we're watching the Russell 2000 (IWM) which is testing 2.5-month resistance at $180; a break above resistance would signal improving breadth and would be a positive development</li>
</ul>


Since January 2023 we have anticipated 4165-4200 would cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.
So far there has not been much traction above 4200. Obvious problem is weak breadth, but this does not have to end badly if large-caps pause, and capital disperses elsewhere
To that end, we're watching the Russell 2000 (IWM) which is testing 2.5-month resistance at $180; a break above resistance would signal improving breadth and would be a positive development


Russell 2000 (IWM) Testing $180 Resistance; Rising Treasury Yields & DXY To Become a Problem?

United States

Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance, and food services.  The Company provides its services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers, and hospitals.  Healthcare Services operates in the United States and Canada.

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Healthcare Services (HCSG US)

Healthcare Services Group’s $93.5 Million Acquisition: A $150 Million Revenue Opportunity?

Healthcare Services Group has made a significant move to expand its presence in the senior living and hospitality markets with its October 7,...

Baptista Research

Options Weekly: Bears Circle Earnings Names as Call Fever Grips Momentum Stocks

Sentiment read: Options flow split sharply this week. Momentum and ETF names drew aggressive call buying, pushing put-call ratios to historic...

ORTEX Market Intel

Upgrading Communications (XLC) To Market Weight; A.I. Names to Remain Under Pressure?

Upgrading Communications (XLC) to Market Weight; A.I. Names to Remain Under Pressure (SOXX, DRAM, CHAT, EUV) likely through mid-to-late-August amid...

Vermilion Research

Russell 2000 (IWM) Testing $180 Resistance; Rising Treasury Yields & DXY To Become a Problem?

So far there has been little traction above $SPX 4200. Weak breadth remains an obvious problem. We are watching the $IWM which is testing $180; a...

Vermilion Research

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