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

<p>So far the S&amp;P 500 has failed to overcome the 2,790-2,800 resistance level we first highlighted in our 6/5/18 <em>Compass</em>. However, while a breakdown below support remains possible, the S&amp;P 500 is currently at an area where we would expect to see some support. The wild card remains financials.  A breakdown of the sector has the potential to usher in another broad market selloff, which could cause the S&amp;P 500 to fall below 200-day moving average support and lead to more negative breadth signals for the indicators highlighted above. $26.50 on the XLF is the level we are watching.</p>

So far the S&amp;P 500 has failed to overcome the 2,790-2,800 resistance level we first highlighted in our 6/5/18 Compass. However, while a breakdown below support remains possible, the S&amp;P 500 is currently at an area where we would expect to see some support. The wild card remains financials.  A breakdown of the sector has the potential to usher in another broad market selloff, which could cause the S&amp;P 500 to fall below 200-day moving average support and lead to more negative breadth signals for the indicators highlighted above. $26.50 on the XLF is the level we are watching.

U.S. Equities: Downgrading Manufacturing and Materials; Large-Cap Financials at Critical Support

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>Manulife Financial's second-quarter 2025 earnings call provides a comprehensive view of the company's performance and strategic direction.</li><li>The quarter was marked by promising growth in several areas, alongside some challenges that need addressing.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Manulife Financial's second-quarter 2025 earnings call provides a comprehensive view of the company's performance and strategic direction.The quarter was marked by promising growth in several areas, alongside some challenges that need addressing.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Manulife Financial Corporation’s Asian Surge – Will 31% APE Growth Continue in 2025?

<ul><li>Manulife Financial recently released its first quarter 2025 results, showcasing both positive and challenging aspects of its performance.</li><li>The company maintained strong growth momentum from 2024, particularly in its Asia and Global Wealth and Asset Management (WAM) businesses.</li><li>Asia's Annualized Premium Equivalent (APE) sales surged 50%, driven by robust demand in Hong Kong, Japan, Mainland China, and Singapore.</li></ul>

Manulife Financial recently released its first quarter 2025 results, showcasing both positive and challenging aspects of its performance.The company maintained strong growth momentum from 2024, particularly in its Asia and Global Wealth and Asset Management (WAM) businesses.Asia's Annualized Premium Equivalent (APE) sales surged 50%, driven by robust demand in Hong Kong, Japan, Mainland China, and Singapore.

Manulife Financial Corporation Delivers Double-Digit CSM Growth—Can It Sustain This Earnings Surge?

<ul><li>Manulife Financial reported a robust financial performance for the full year 2024, marked by several significant achievements while also facing certain challenges.</li><li>The company's core earnings exceeded $7 billion for the first time, reflecting a 10% year-over-year increase.</li><li>This growth was primarily driven by Manulife's highest potential businesses in Asia and Global Wealth and Asset Management (Global WAM), which together accounted for 70% of core earnings.</li></ul>

Manulife Financial reported a robust financial performance for the full year 2024, marked by several significant achievements while also facing certain challenges.The company's core earnings exceeded $7 billion for the first time, reflecting a 10% year-over-year increase.This growth was primarily driven by Manulife's highest potential businesses in Asia and Global Wealth and Asset Management (Global WAM), which together accounted for 70% of core earnings.

Manulife Financial Corporation: Is The Growth In Core Earnings Here To Stay?

<ul><li>Manulife Financial recently disclosed its Q3 2024 earnings, revealing a generally robust performance with some nuanced insights.</li><li>The company reported record financial and operating results, with substantial growth noted across several key metrics including core earnings, Annual Premium Equivalent (APE) sales, and new business Contractual Service Margin (CSM).</li><li>Positives were prominently highlighted by the 40% surge in APE sales, led primarily by Asia which provided record-breaking figures in terms of sales growth, new business CSM, and new business value.</li></ul>

Manulife Financial recently disclosed its Q3 2024 earnings, revealing a generally robust performance with some nuanced insights.The company reported record financial and operating results, with substantial growth noted across several key metrics including core earnings, Annual Premium Equivalent (APE) sales, and new business Contractual Service Margin (CSM).Positives were prominently highlighted by the 40% surge in APE sales, led primarily by Asia which provided record-breaking figures in terms of sales growth, new business CSM, and new business value.

Manulife Financial Corporation’s Risk Recalibration Revolution: The Smart Play in Reinsurance Management! - Major Drivers

Canada

Manulife Financial Corporation provides financial protection products and investment management services to individuals, families, businesses, and groups. The Company conducts operations in Canada, the United States, and Asia, as well as reinsurance operations on a global basis.  Manulife offers products such as annuities, pension products, life insurance, health insurance, and mutual funds.

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Manulife Financial (MFC CN)

U.S. Equities: Downgrading Manufacturing and Materials; Large-Cap Financials at Critical Support

So far the S&P 500 has failed to overcome the 2,790-2,800 resistance level we first highlighted in our 6/5/18 Compass. However, while a...

Vermilion Research

Manulife Financial Corporation’s Asian Surge – Will 31% APE Growth Continue in 2025?

Manulife Financial's second-quarter 2025 earnings call provides a comprehensive view of the company's performance and strategic direction. The...

Baptista Research

Manulife Financial Corporation Delivers Double-Digit CSM Growth—Can It Sustain This Earnings Surge?

Manulife Financial recently released its first quarter 2025 results, showcasing both positive and challenging aspects of its performance. The...

Baptista Research

Manulife Financial Corporation: Is The Growth In Core Earnings Here To Stay?

Manulife Financial reported a robust financial performance for the full year 2024, marked by several significant achievements while also facing...

Baptista Research

Manulife Financial Corporation’s Risk Recalibration Revolution: The Smart Play in Reinsurance Management! - Major Drivers

Manulife Financial recently disclosed its Q3 2024 earnings, revealing a generally robust performance with some nuanced insights. The company...

Baptista Research

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