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>ManpowerGroup reported its second-quarter 2026 financial results with overall revenue growth and ongoing transformation efforts showing mixed but generally positive trends.</li><li>The company achieved reported revenues of $4.9 billion, representing 6% constant currency growth, exceeding expectations and reflecting broad-based client demand.</li><li>System-wide revenues, including franchise operations, reached $5.3 billion.</li></ul>

ManpowerGroup reported its second-quarter 2026 financial results with overall revenue growth and ongoing transformation efforts showing mixed but generally positive trends.The company achieved reported revenues of $4.9 billion, representing 6% constant currency growth, exceeding expectations and reflecting broad-based client demand.System-wide revenues, including franchise operations, reached $5.3 billion.

ManpowerGroup Cuts Time-To-Fill 67% — AI Starts Reshaping Recruitment!

<ul><li>ManpowerGroup's financial results for the fourth quarter of 2025 exhibit a mix of stabilization and improvement across several markets, though challenges remain in particular areas.</li><li>The company's reported revenues reached $4.7 billion, reflecting a 2% growth on an organic constant currency basis.</li><li>However, when factoring in their system-wide revenue, which includes an expanding franchise revenue base, the total climbed to $5.1 billion.</li></ul>

ManpowerGroup's financial results for the fourth quarter of 2025 exhibit a mix of stabilization and improvement across several markets, though challenges remain in particular areas.The company's reported revenues reached $4.7 billion, reflecting a 2% growth on an organic constant currency basis.However, when factoring in their system-wide revenue, which includes an expanding franchise revenue base, the total climbed to $5.1 billion.

ManpowerGroup: How Organic Growth Is Emerging Despite Uneven Labor Markets?

<ul><li>ManpowerGroup, a prominent player in the staffing and workforce solutions industry, recently reported its third-quarter results for 2025, providing insights into its current operational landscape and future outlook.</li><li>The period characterizes a phase of cautious optimism amidst economic uncertainties, with mixed performances across different regions and business units.</li><li>During the third quarter, ManpowerGroup achieved a key milestone by moving past 11 consecutive quarters of organic constant currency revenue declines, transitioning into a growth phase.</li></ul>

ManpowerGroup, a prominent player in the staffing and workforce solutions industry, recently reported its third-quarter results for 2025, providing insights into its current operational landscape and future outlook.The period characterizes a phase of cautious optimism amidst economic uncertainties, with mixed performances across different regions and business units.During the third quarter, ManpowerGroup achieved a key milestone by moving past 11 consecutive quarters of organic constant currency revenue declines, transitioning into a growth phase.

ManpowerGroup: Restructuring Across Regions—Inside the Northern Europe Cost Reset Spreading to Spain

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>Keppel DC REIT is JP Morgan's top choice for data centres in Singapore.</li><li>CGSI keeps 'hold' rating on HRnetGroup due to weak job market conditions.</li><li>RHB sees recent Raffles Medical share drop as an 'attractive' buying opportunity.</li></ul>

Keppel DC REIT is JP Morgan's top choice for data centres in Singapore.CGSI keeps 'hold' rating on HRnetGroup due to weak job market conditions.RHB sees recent Raffles Medical share drop as an 'attractive' buying opportunity.

Singapore Market Roundup (08-Jul-2026): Keppel DC REIT is JP Morgan's top Singapore data centre

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>50-Day MAs have held on SPX and QQQ, but we're concerned of a prolonged consolidation--primarily for QQQ and likely through mid-to-late-August--following the latest stumble for semiconductors, memory, and optical equipment.</li>
<li>The IWM and equal-weighted S&amp;P 500 (RSP) remain leadership while Technology has continued to consolidate, and support remains at the 20-day MAs on IWM and RSP.</li>
<li>IWM and RSP leadership tells us this remains a healthy and broad-based bull market, and we believe the current "rotation trade" is likely to continue for at least another month.</li>
</ul>


50-Day MAs have held on SPX and QQQ, but we're concerned of a prolonged consolidation--primarily for QQQ and likely through mid-to-late-August--following the latest stumble for semiconductors, memory, and optical equipment.
The IWM and equal-weighted S&amp;P 500 (RSP) remain leadership while Technology has continued to consolidate, and support remains at the 20-day MAs on IWM and RSP.
IWM and RSP leadership tells us this remains a healthy and broad-based bull market, and we believe the current "rotation trade" is likely to continue for at least another month.


Prolonged Consolidation to Continue for QQQ; Semiconductors/Memory Violating 20-Day MA

United States

Manpowergroup Inc. provides non-governmental employment services through offices located around the world. The Company's principal operations include temporary staffing services, contract services, and training and testing of temporary and permanent workers. Manpower provides employment services to a wide variety of customers.

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

Manpowergroup Inc (MAN US)

ManpowerGroup Cuts Time-To-Fill 67% — AI Starts Reshaping Recruitment!

ManpowerGroup reported its second-quarter 2026 financial results with overall revenue growth and ongoing transformation efforts showing mixed but...

Baptista Research

ManpowerGroup: How Organic Growth Is Emerging Despite Uneven Labor Markets?

ManpowerGroup's financial results for the fourth quarter of 2025 exhibit a mix of stabilization and improvement across several markets, though...

Baptista Research

ManpowerGroup: Restructuring Across Regions—Inside the Northern Europe Cost Reset Spreading to Spain

ManpowerGroup, a prominent player in the staffing and workforce solutions industry, recently reported its third-quarter results for 2025,...

Baptista Research

Singapore Market Roundup (08-Jul-2026): Keppel DC REIT is JP Morgan's top Singapore data centre

Keppel DC REIT is JP Morgan's top pick for Singapore data centres. CGSI maintains 'hold' on HRnetGroup amid weak job market; RHB sees Raffles...

Singapore Market Roundup

Prolonged Consolidation to Continue for QQQ; Semiconductors/Memory Violating 20-Day MA

Prolonged Consolidation to Continue for $QQQ; Semiconductors/Memory Violating 20-day MA $SMH $SOXX $DRAM $MU $SNDK $WDC $STX. Current "rotation...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)