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>With its earnings just around the corner, it is interesting to look at how Howmet Aerospace has been performing in recent times.</li><li>The company exited the last quarter with a strong acceleration in revenue despite the choppy backlog.</li><li>Commercial transportation, which impacts fastening systems and forged wheels, was up in the quarter, driven by higher volumes and higher aluminum prices.</li></ul>

With its earnings just around the corner, it is interesting to look at how Howmet Aerospace has been performing in recent times.The company exited the last quarter with a strong acceleration in revenue despite the choppy backlog.Commercial transportation, which impacts fastening systems and forged wheels, was up in the quarter, driven by higher volumes and higher aluminum prices.

Howmet Aerospace Inc.: Continued Strength In Commercial Aerospace – Key Drivers

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 currently see the market indexes as consolidating within broad horizontal trading ranges, and we expect these ranges to continue for months, and quite possibly for the entirety of 2023.</li>
<li>We see the top-end of the range at 4100-4165 on the S&amp;P 500, while the bottom-end is at the 2022 lows (3490).</li>
<li>With yesterday's break above 3910 it tells us a tradable rally has begun, with 4100-4165 our target</li>
</ul>


We currently see the market indexes as consolidating within broad horizontal trading ranges, and we expect these ranges to continue for months, and quite possibly for the entirety of 2023.
We see the top-end of the range at 4100-4165 on the S&amp;P 500, while the bottom-end is at the 2022 lows (3490).
With yesterday's break above 3910 it tells us a tradable rally has begun, with 4100-4165 our target


Awaiting CPI Thursday; Expect 4100-4165 SPX to Cap Upside; Buy Ideas Within Gold Miners, Insurance

Credit

<ul><li>Howmet Aerospace is a major engineering solutions provider to the aerospace and transportation industries.</li><li>The company’s financial performance has been decent off-late as all the aerospace segments have shown a sequential growth which is a good sign.</li><li>Commercial transportation has been low recently, which reflected normal seasonality as well as the effect of the wheel.</li></ul>

Howmet Aerospace is a major engineering solutions provider to the aerospace and transportation industries.The company’s financial performance has been decent off-late as all the aerospace segments have shown a sequential growth which is a good sign.Commercial transportation has been low recently, which reflected normal seasonality as well as the effect of the wheel.

Howmet Aerospace Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on Howmet Aerospace, a major engineering solutions provider to the aerospace and transportation industries.</li><li>Commercial transportation was low, which reflected normal seasonality as well as the effect of the wheel.</li><li>For engines, this was yet another solid quarter, with the year-over-year revenue being higher, with commercial aerospace up driven by narrow body recovery.</li></ul>

This is our first report on Howmet Aerospace, a major engineering solutions provider to the aerospace and transportation industries.Commercial transportation was low, which reflected normal seasonality as well as the effect of the wheel.For engines, this was yet another solid quarter, with the year-over-year revenue being higher, with commercial aerospace up driven by narrow body recovery.

Howmet Aerospace Inc.: Initiation of Coverage – Challenging Operating Environment & Other Developments

<p>As bullish developments pile up, the weight-of-the-evidence continues to support our belief that we may be in the early stages of a broad-based advance. There are some developments that leave us wanting more, but we are inching toward an outright bullish outlook. In today’s report we outline our U.S. investment thesis, and highlight attractive Groups and stocks within Health Care, Materials, and Manufacturing: Biotech, Large-Cap, Aluminum, Chemicals, Diversified, and Fluid Technology &amp; Power.</p>

As bullish developments pile up, the weight-of-the-evidence continues to support our belief that we may be in the early stages of a broad-based advance. There are some developments that leave us wanting more, but we are inching toward an outright bullish outlook. In today’s report we outline our U.S. investment thesis, and highlight attractive Groups and stocks within Health Care, Materials, and Manufacturing: Biotech, Large-Cap, Aluminum, Chemicals, Diversified, and Fluid Technology &amp; Power.

U.S. Equity Strategy: Small-Caps Testing Critical Resistance; Downgrading Communications

United States

Howmet Aerospace Inc. provides engineered metal products. The Company offers engines, fasteners, and structures, as well as forged wheels. Howmet Aerospace serves the aerospace and commercial transportation industries.

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Howmet Aerospace (HWM US)

Howmet Aerospace Inc.: Continued Strength In Commercial Aerospace – Key Drivers

With its earnings just around the corner, it is interesting to look at how Howmet Aerospace has been performing in recent times. The company...

Baptista Research

Awaiting CPI Thursday; Expect 4100-4165 SPX to Cap Upside; Buy Ideas Within Gold Miners, Insurance

With yesterday's break above 3910 in $SPX we see a tradable rally, but 4100-4165 is likely to cap upside; reduce risk into that area. Buy ideas...

Vermilion Research

Howmet Aerospace Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Howmet Aerospace is a major engineering solutions provider to the aerospace and transportation industries. The company’s financial performance has...

Baptista Research

Howmet Aerospace Inc.: Initiation of Coverage – Challenging Operating Environment & Other Developments

This is our first report on Howmet Aerospace, a major engineering solutions provider to the aerospace and transportation industries. Commercial...

Baptista Research

U.S. Equity Strategy: Small-Caps Testing Critical Resistance; Downgrading Communications

As bullish developments pile up, the weight-of-the-evidence continues to support our belief that we may be in the early stages of a broad-based...

Vermilion Research

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