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>Lumen Technologies has reported a mix of achievements and challenges in its first quarter earnings for the year 2024.</li><li>The company, a major player in telecommunications and technology services, has had to navigate through certain pressures, particularly relating to a transformative period marked by significant restructuring of its operations and financial obligations.</li><li>A key highlight is Lumen Technologies' ongoing restructuring, which has presented both opportunities and setbacks.</li></ul>

Lumen Technologies has reported a mix of achievements and challenges in its first quarter earnings for the year 2024.The company, a major player in telecommunications and technology services, has had to navigate through certain pressures, particularly relating to a transformative period marked by significant restructuring of its operations and financial obligations.A key highlight is Lumen Technologies' ongoing restructuring, which has presented both opportunities and setbacks.

Lumen Technologies Inc.: Will The Management Focus On Focus on Quantum Fiber Expansion Yield The Necessary Results? - 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

<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 <em>again</em>.</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

<ul><li>Lumen Technologies’ Fourth Quarter 2023 Earnings revealed significant progress in the company's business transformation.</li><li>Led by the efforts of the new executive team under CEO Kathleen Johnson, Lumen indicated that it had met its 2023 EBITDA and free cash flow guidance and had made material progress in its strategic priorities.</li><li>To strengthen its balance sheet, Lumen entered into an agreement with a majority of its creditors that extends most debt maturities to 2029.</li></ul>

Lumen Technologies’ Fourth Quarter 2023 Earnings revealed significant progress in the company's business transformation.Led by the efforts of the new executive team under CEO Kathleen Johnson, Lumen indicated that it had met its 2023 EBITDA and free cash flow guidance and had made material progress in its strategic priorities.To strengthen its balance sheet, Lumen entered into an agreement with a majority of its creditors that extends most debt maturities to 2029.

Lumen Technologies: Its Digital Platform Is Harnessing Multibillion-Dollar Opportunity! - Major Drivers

<ul><li>Lumen Technologies, Inc. delivered a mixed result in the quarter, with revenues below anticipations but surpassed the Wall Street consensus regarding earnings.</li><li>The total revenue was $3.661 billion, decreased 2.1% sequentially.</li><li>In the quarter, free cash flow was negative $896 million, including $938 million in taxes paid in connection with their two divestitures from the previous year.</li></ul>

Lumen Technologies, Inc. delivered a mixed result in the quarter, with revenues below anticipations but surpassed the Wall Street consensus regarding earnings.The total revenue was $3.661 billion, decreased 2.1% sequentially.In the quarter, free cash flow was negative $896 million, including $938 million in taxes paid in connection with their two divestitures from the previous year.

Lumen Technologies Inc.: The NaaS Offering Might be the Future of Networking? - Major Drivers

<ul><li>Lumen Technologies has its results just around the corner.</li><li>The company gave a solid result in the last quarter and managed an all-around beat which can also be expected this time.</li><li>Lumen Technologies recently announced the company’s major network expansion plan for deriving an additional 6 million intercity fiber miles to its existing expansive network by 2026.</li></ul>

Lumen Technologies has its results just around the corner.The company gave a solid result in the last quarter and managed an all-around beat which can also be expected this time.Lumen Technologies recently announced the company’s major network expansion plan for deriving an additional 6 million intercity fiber miles to its existing expansive network by 2026.

Lumen Technologies: Quantum Fiber Customers Saving The Day? – Key Drivers

United States

Lumen Technologies, Inc. provides digital solutions for home and business premises. The Company offers communications, network security, cloud solutions, voice, and managed services. Lumen Technologies serves customers worldwide.

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Lumen Technologies (LUMN US)

Lumen Technologies Inc.: Will The Management Focus On Focus on Quantum Fiber Expansion Yield The Necessary Results? - Major Drivers

Lumen Technologies has reported a mix of achievements and challenges in its first quarter earnings for the year 2024. The company, a major player...

Baptista Research

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

Lumen Technologies: Its Digital Platform Is Harnessing Multibillion-Dollar Opportunity! - Major Drivers

Lumen Technologies’ Fourth Quarter 2023 Earnings revealed significant progress in the company's business transformation. Led by the efforts of the...

Baptista Research

Lumen Technologies Inc.: The NaaS Offering Might be the Future of Networking? - Major Drivers

Lumen Technologies, Inc. delivered a mixed result in the quarter, with revenues below anticipations but surpassed the Wall Street consensus...

Baptista Research

Lumen Technologies: Quantum Fiber Customers Saving The Day? – Key Drivers

Lumen Technologies has its results just around the corner. The company gave a solid result in the last quarter and managed an all-around beat...

Baptista Research

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