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

Live Nation Entertainment, Inc / Equity Bottom-Up

<ul><li>Live Nation Entertainment reported first-quarter 2026 financial results highlighting strong growth trends yet acknowledging some timing and structural challenges in its concert business and ticketing segments.</li><li>The company’s expanding venue portfolio and increasing global touring activity are key themes shaping its revenue trajectory and operational outlook.</li><li>Live Nation noted a shift in the timing of fan attendance driven by a growing share of stadium and amphitheater shows, which predominantly occur in the summer months, especially in the third quarter.</li></ul>

Live Nation Entertainment reported first-quarter 2026 financial results highlighting strong growth trends yet acknowledging some timing and structural challenges in its concert business and ticketing segments.The company’s expanding venue portfolio and increasing global touring activity are key themes shaping its revenue trajectory and operational outlook.Live Nation noted a shift in the timing of fan attendance driven by a growing share of stadium and amphitheater shows, which predominantly occur in the summer months, especially in the third quarter.

Live Nation Entertainment: Can Premium Experiences Transform the Economics of Live Music?

<ul><li>Live Nation recently provided the results for the full year and fourth quarter of 2025 alongside an outlook for 2026, presenting a mixed picture for investors with a blend of positive performance indicators and notable challenges.</li><li>The company experienced robust demand in its concerts division, which significantly contributed to its overall growth.</li><li>Large venues and stadiums have seen increased activity, particularly with strong international growth witnessed in regions such as the U.K. and Europe.</li></ul>

Live Nation recently provided the results for the full year and fourth quarter of 2025 alongside an outlook for 2026, presenting a mixed picture for investors with a blend of positive performance indicators and notable challenges.The company experienced robust demand in its concerts division, which significantly contributed to its overall growth.Large venues and stadiums have seen increased activity, particularly with strong international growth witnessed in regions such as the U.K. and Europe.

Live Nation’s Next Act—How New Venues Are Driving Fan Growth and Revenue Scale!

<ul><li>Live Nation Entertainment recently discussed its performance and strategy during its investor meeting, highlighting both opportunities and challenges facing the company.</li><li>Live Nation, a dominant player in the live entertainment industry, has projected continuous growth in its key markets, leveraging global expansion and consumer trends.</li><li>One of the significant highlights is the company's outlook on the industry.</li></ul>

Live Nation Entertainment recently discussed its performance and strategy during its investor meeting, highlighting both opportunities and challenges facing the company.Live Nation, a dominant player in the live entertainment industry, has projected continuous growth in its key markets, leveraging global expansion and consumer trends.One of the significant highlights is the company's outlook on the industry.

Live Nation Is Quietly Building a Global Entertainment Empire—And No One’s Ready!

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>HSI poised to break 25k for first time since 2022.  Next resistance 27100.  Hong Kong market outperforming global markets by wide margin since our BUY was initiated in March 2024.</li>
<li>Financial, materials and healthcare sectors leading the market higher as tech sector consolidates.  China shares still offer the best valuation metrics in Asia.</li>
<li>
<a href="https://www.smartkarma.com/entities/alibaba-pictures-group-ltd" target="_blank" data-smartkarma-citation="entities:20724:1" rel="noopener">Alibaba Pictures (1060 HK)</a> , renamed Damai Entertainment has seen increased analyst attention as the company becomes the <a href="https://www.smartkarma.com/entities/live-nation-entertainment-inc" target="_blank" data-smartkarma-citation="entities:6893:1" rel="noopener">Live Nation Entertainment, Inc (LYV US)</a> of China.
</li>
</ul>


HSI poised to break 25k for first time since 2022.  Next resistance 27100.  Hong Kong market outperforming global markets by wide margin since our BUY was initiated in March 2024.
Financial, materials and healthcare sectors leading the market higher as tech sector consolidates.  China shares still offer the best valuation metrics in Asia.

Alibaba Pictures (1060 HK) , renamed Damai Entertainment has seen increased analyst attention as the company becomes the Live Nation Entertainment, Inc (LYV US) of China.



BUY/SELL/HOLD: Hong Kong Market Update (JULY 21)

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>Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.</li>
<li>Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback again.</li>
<li>We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).</li>
</ul>


Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.
Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback again.
We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).


Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

United States

Live Nation Entertainment, Inc. produces live concerts and sells tickets to those events over the Internet. The Company also offers ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters.

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Live Nation Entertainment, Inc (LYV US)

Live Nation Entertainment: Can Premium Experiences Transform the Economics of Live Music?

Live Nation Entertainment reported first-quarter 2026 financial results highlighting strong growth trends yet acknowledging some timing and...

Baptista Research

Live Nation’s Next Act—How New Venues Are Driving Fan Growth and Revenue Scale!

Live Nation recently provided the results for the full year and fourth quarter of 2025 alongside an outlook for 2026, presenting a mixed picture...

Baptista Research

Live Nation Is Quietly Building a Global Entertainment Empire—And No One’s Ready!

Live Nation Entertainment recently discussed its performance and strategy during its investor meeting, highlighting both opportunities and...

Baptista Research

BUY/SELL/HOLD: Hong Kong Market Update (JULY 21)

HSI poised to break 25k for first time since 2022. Next resistance 27100. Hong Kong market outperforming global markets by wide margin since our...

David Mudd

Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

Buy the Pullback Again, Same as Our Election Day Report; S&P 500 $SPX, Nasdaq 100 $QQQ, Russell 2000 $IWM Testing Confluence of Support at 20-day...

Vermilion Research

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