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>KBR, Inc. achieved solid results in the Q4 and FY 2023, meeting or exceeding expectations on all key metrics.</li><li>Revenue grew by 11%, and adjusted EBITDA by 12% year-on-year, with margins increasing to 10.7%.</li><li>Cash management was a highlight, with the company settling both the convert and warrants in cash, reducing share count while avoiding dilution, and management described it as 'delivering on its commitment to maximise shareholder return.' The company ended the year with a good order backlog, providing visibility of future earnings potential.</li></ul>

KBR, Inc. achieved solid results in the Q4 and FY 2023, meeting or exceeding expectations on all key metrics.Revenue grew by 11%, and adjusted EBITDA by 12% year-on-year, with margins increasing to 10.7%.Cash management was a highlight, with the company settling both the convert and warrants in cash, reducing share count while avoiding dilution, and management described it as 'delivering on its commitment to maximise shareholder return.' The company ended the year with a good order backlog, providing visibility of future earnings potential.

KBR Inc.: How Significant Is The Upside In Government Solutions? - Major 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

US Treasury (10 Yr Generic) / Technical Analysis

<ul>
<li>Our bullish outlook initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the SPX (7-10% downside).</li>
<li>To be clear, we aren't calling for a pullback to 4800; we view it as a worst-case scenario for the S&amp;P 500, and we want to be prepared for anything.</li>
<li>Shorter-Term, we remain bullish on the S&amp;P 500 and Nasdaq 100 (QQQ) as they both refuse to close below their 20-day MAs for more than 2-3 consecutive days.</li>
</ul>


Our bullish outlook initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the SPX (7-10% downside).
To be clear, we aren't calling for a pullback to 4800; we view it as a worst-case scenario for the S&amp;P 500, and we want to be prepared for anything.
Shorter-Term, we remain bullish on the S&amp;P 500 and Nasdaq 100 (QQQ) as they both refuse to close below their 20-day MAs for more than 2-3 consecutive days.


Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation

<ul>
<li>The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change</li>
<li>In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.</li>
<li>Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates</li>
</ul>


The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change
In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.
Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates


Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Key points (machine generated)<ul><li>KBR's Global Solutions segment offers various services to government clients globally, making it the company's largest business.</li><li>The Technology Solutions segment provides proprietary technologies and engineering services primarily for the energy, chemicals, and hydrocarbons industries.</li><li>KBR's stock is currently undervalued compared to its peers, presenting potential for significant upside if it can reach its target valuation. </li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)KBR's Global Solutions segment offers various services to government clients globally, making it the company's largest business.The Technology Solutions segment provides proprietary technologies and engineering services primarily for the energy, chemicals, and hydrocarbons industries.KBR's stock is currently undervalued compared to its peers, presenting potential for significant upside if it can reach its target valuation. This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

<ul><li>This is our first report on KBR Inc, a renowned provider of scientific, technology, and engineering solutions to governments and commercial customers.</li><li>The company's third Quarter 2023 earnings conference call shared interesting highlights about the company's progress and future prospects.</li><li>KBR's President and CEO, Stuart Bradie, emphasized on the company's Zero Harm moment, highlighting KBR's commitment to space sustainability and security.</li></ul>

This is our first report on KBR Inc, a renowned provider of scientific, technology, and engineering solutions to governments and commercial customers.The company's third Quarter 2023 earnings conference call shared interesting highlights about the company's progress and future prospects.KBR's President and CEO, Stuart Bradie, emphasized on the company's Zero Harm moment, highlighting KBR's commitment to space sustainability and security.

KBR Inc.: Initiation of Coverage – Business Strategy

United States

KBR, Inc. is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors.  The Company offers a wide range of services through two business segments, Energy and Chemicals (E&C) and Government and Infrastructure (G&I).

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

KBR (KBR US)

KBR Inc.: How Significant Is The Upside In Government Solutions? - Major Drivers

KBR, Inc. achieved solid results in the Q4 and FY 2023, meeting or exceeding expectations on all key metrics. Revenue grew by 11%, and adjusted...

Baptista Research

Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation

Downgrading Real Estate to Underweight; Bullish Outlook Intact on $SPX $QQQ $NDX $IWM $RTY $IJH $MDY $VXF; Broadening Participation (NYSE Net New...

Vermilion Research

Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over

Gold $GLD $GC_F Breaking Out Above 3.5-Year Resistance as $DXY and Treasury Yields Roll Over $TNX $TYX; Seeing More Risk-On Signals, Not Less....

Vermilion Research

Kbr Inc (KBR) - Monday, Nov 6, 2023

KBR's Global Solutions segment offers various services to government clients globally, making it the company's largest business.

Value Investors Club (VIC)

KBR Inc.: Initiation of Coverage – Business Strategy

This is our first report on KBR Inc, a renowned provider of scientific, technology, and engineering solutions to governments and commercial...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)