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>Masco Corporation delivered a quarter characterized by solid pricing execution, improving volumes, and margin expansion, while navigating a volatile macroeconomic and cost environment.</li><li>Net sales increased 6%, supported primarily by pricing actions, with volumes showing modest improvement and representing the strongest first quarter volume performance since the end of the pandemic.</li><li>Operating profit rose 13% and operating margins expanded by 90 basis points to 16.9%, reflecting the combined impact of pricing, cost savings initiatives, and restructuring actions.</li></ul>

Masco Corporation delivered a quarter characterized by solid pricing execution, improving volumes, and margin expansion, while navigating a volatile macroeconomic and cost environment.Net sales increased 6%, supported primarily by pricing actions, with volumes showing modest improvement and representing the strongest first quarter volume performance since the end of the pandemic.Operating profit rose 13% and operating margins expanded by 90 basis points to 16.9%, reflecting the combined impact of pricing, cost savings initiatives, and restructuring actions.

Masco Corporation Is Positioned for a Housing Recovery—But Will Cost Pressures Limit the Upside?

<ul><li>Masco Corporation's latest financial results for the fourth quarter and full year 2025 indicate several key dynamics that highlight both opportunities and challenges for the company.</li><li>The company's overall performance was largely in line with expectations, considering the intricate geopolitical and macroeconomic environment.</li><li>Here’s a detailed analysis based on the call.</li></ul>

Masco Corporation's latest financial results for the fourth quarter and full year 2025 indicate several key dynamics that highlight both opportunities and challenges for the company.The company's overall performance was largely in line with expectations, considering the intricate geopolitical and macroeconomic environment.Here’s a detailed analysis based on the call.

Masco Corporation Is Repositioning Its Paint Business—Can the Home Depot Alliance Reignite Growth?

<ul><li>Masco Corporation’s third-quarter 2025 performance reflects a mixed landscape of challenges and opportunities.</li><li>The company's net sales experienced a 3% decrease in local currency (2% excluding the divestiture of Kichler), impacted by prevailing geopolitical and macroeconomic uncertainties.</li><li>A 1% rise in plumbing sales in local currency illustrates some positive performance, notably from Delta Faucet’s strong showing in e-commerce and trade channels.</li></ul>

Masco Corporation’s third-quarter 2025 performance reflects a mixed landscape of challenges and opportunities.The company's net sales experienced a 3% decrease in local currency (2% excluding the divestiture of Kichler), impacted by prevailing geopolitical and macroeconomic uncertainties.A 1% rise in plumbing sales in local currency illustrates some positive performance, notably from Delta Faucet’s strong showing in e-commerce and trade channels.

Masco Corporation: Inside the Wellness Boom Driving Its Hot Tub & Sauna Surge!

<ul><li>Masco Corporation's second quarter of 2025 showcased a mix of challenges and promising developments.</li><li>The company reported a 2% decline in net sales compared to the previous year, though the decrease was nullified when accounting for local currency variations and the divestiture of Kichler.</li><li>This divestiture significantly influenced the Decorative Architectural segment, where sales fell by 12%.</li></ul>

Masco Corporation's second quarter of 2025 showcased a mix of challenges and promising developments.The company reported a 2% decline in net sales compared to the previous year, though the decrease was nullified when accounting for local currency variations and the divestiture of Kichler.This divestiture significantly influenced the Decorative Architectural segment, where sales fell by 12%.

Masco Corporation: A Stronger Plumbing Business With Premium Products & Strategic Pricing!

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>Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"</li>
<li>All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).</li>
<li>Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.</li>
</ul>


Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"
All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).
Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.


Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

United States

Masco Corporation manufactures, and sells home improvement and building products.  The Company's products include faucets, kitchen and bath cabinets, architectural coatings, and builders' hardware products.  Masco sells its products through mass merchandisers, home centers, hardware stores, and other wholesale and retail outlets to consumers and contractors.

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Masco Corp (MAS US)

Masco Corporation Is Positioned for a Housing Recovery—But Will Cost Pressures Limit the Upside?

Masco Corporation delivered a quarter characterized by solid pricing execution, improving volumes, and margin expansion, while navigating a...

Baptista Research

Masco Corporation Is Repositioning Its Paint Business—Can the Home Depot Alliance Reignite Growth?

Masco Corporation's latest financial results for the fourth quarter and full year 2025 indicate several key dynamics that highlight both...

Baptista Research

Masco Corporation: Inside the Wellness Boom Driving Its Hot Tub & Sauna Surge!

Masco Corporation’s third-quarter 2025 performance reflects a mixed landscape of challenges and opportunities. The company's net sales experienced...

Baptista Research

Masco Corporation: A Stronger Plumbing Business With Premium Products & Strategic Pricing!

Masco Corporation's second quarter of 2025 showcased a mix of challenges and promising developments. The company reported a 2% decline in net...

Baptista Research

Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

Lockout Rally Continues; Breakouts Piling Up; $SPX Breakout Above 2-Yr Resistance at 4600-4607, $COMP Breakout Above 14,400. This is what a strong...

Vermilion Research

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