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>Matson, Inc. reported its first quarter of 2026 financial results with consolidated operating income of $61.4 million, a decline of $20.7 million year-over-year.</li><li>The decrease was primarily attributable to a $19 million reduction in Ocean Transportation operating income and a $1.7 million drop in Logistics operating income.</li><li>Ocean Transportation’s decline was mainly due to lower contributions from the China service segment, reflecting typical post-Lunar New Year volume normalization, though freight demand strengthened thereafter.</li></ul>

Matson, Inc. reported its first quarter of 2026 financial results with consolidated operating income of $61.4 million, a decline of $20.7 million year-over-year.The decrease was primarily attributable to a $19 million reduction in Ocean Transportation operating income and a $1.7 million drop in Logistics operating income.Ocean Transportation’s decline was mainly due to lower contributions from the China service segment, reflecting typical post-Lunar New Year volume normalization, though freight demand strengthened thereafter.

Matson: Freight Volumes Are Strengthening—Is a New Seasonal Recovery Taking Shape?

<ul><li>Matson, Inc. recently reported its fourth-quarter and full-year 2025 financial results, revealing a mixed performance with both challenges and opportunities highlighted across its operations.</li><li>These results provide an essential context for evaluating the company's current position and future trajectory.</li><li>Starting with the positives, Matson showed a resilient performance in its Ocean Transportation segment, primarily driven by unexpected stabilization and improvement in freight rates and volumes in the latter part of the year.</li></ul>

Matson, Inc. recently reported its fourth-quarter and full-year 2025 financial results, revealing a mixed performance with both challenges and opportunities highlighted across its operations.These results provide an essential context for evaluating the company's current position and future trajectory.Starting with the positives, Matson showed a resilient performance in its Ocean Transportation segment, primarily driven by unexpected stabilization and improvement in freight rates and volumes in the latter part of the year.

Why Matson Is Doubling Down on Southeast Asia as Manufacturers Move Beyond China!

<ul><li>Matson Inc. reported third quarter 2025 financial results characterized by a mixed performance across its business segments amid a challenging economic environment marked by global trade uncertainties.</li><li>The company's Ocean Transportation segment faced headwinds, with a decrease in freight rates and container volume in the China service contributing to a decline in operating income.</li><li>Domestic tradelanes showed resilience with increased volume in Hawaii and Alaska, while Guam experienced a downturn.</li></ul>

Matson Inc. reported third quarter 2025 financial results characterized by a mixed performance across its business segments amid a challenging economic environment marked by global trade uncertainties.The company's Ocean Transportation segment faced headwinds, with a decrease in freight rates and container volume in the China service contributing to a decline in operating income.Domestic tradelanes showed resilience with increased volume in Hawaii and Alaska, while Guam experienced a downturn.

Matson: What’s Driving The Vietnam Surge, And How Big Can This Diversification Story Get?

<ul><li>Matson Inc.'s recent financial earnings for the first quarter of 2025 provided a nuanced view of the company's current standing and its challenges ahead.</li><li>The report reflects a mixed performance across various metrics and presents a cautious outlook for the remainder of the year.</li><li>The positives from the call include a significant year-over-year increase in consolidated operating income for the first quarter, driven largely by continued elevated freight rates from China and robust demand post-Lunar New Year.</li></ul>

Matson Inc.'s recent financial earnings for the first quarter of 2025 provided a nuanced view of the company's current standing and its challenges ahead.The report reflects a mixed performance across various metrics and presents a cautious outlook for the remainder of the year.The positives from the call include a significant year-over-year increase in consolidated operating income for the first quarter, driven largely by continued elevated freight rates from China and robust demand post-Lunar New Year.

Matson Inc.: Diversification of Catchment Basin in Asia To Hedge Against Geopolitical Uncertainties & Economic Volatility!

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>The SPX gapped-up to reverse its 1-month downtrend on 5/3/24, followed by another upside gap on 5/6/24, and yet another on 5/15/24 on the breakout to all-time highs</li>
<li>All of these gaps remain unfilled which signals upside power, a very bullish sign. These gaps at 5250-5263, 5127-5142, and 5073-5101 are now areas to expect short-term support, if tested.</li>
<li>Market dynamics remain healthy and the S&amp;P 500, Nasdaq 100, and DJI are all breaking out to new all-time highs, helping validate our bullish outlook.</li>
</ul>


The SPX gapped-up to reverse its 1-month downtrend on 5/3/24, followed by another upside gap on 5/6/24, and yet another on 5/15/24 on the breakout to all-time highs
All of these gaps remain unfilled which signals upside power, a very bullish sign. These gaps at 5250-5263, 5127-5142, and 5073-5101 are now areas to expect short-term support, if tested.
Market dynamics remain healthy and the S&amp;P 500, Nasdaq 100, and DJI are all breaking out to new all-time highs, helping validate our bullish outlook.


New All-Time Highs Validates Our Bullish Outlook; Risk-On Signals Abound. Buys in Aluminum, Shippers

United States

Matson Inc., is involved in transportation and logistics.  The Company offers provides  multimodal transportation services to the North American market, including domestic and international rail intermodal service, long haul and regional highway brokerage, supply chain services and LTL transportation services, as well as third-party logistics services.

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Matson Inc (MATX US)

Matson: Freight Volumes Are Strengthening—Is a New Seasonal Recovery Taking Shape?

Matson, Inc. reported its first quarter of 2026 financial results with consolidated operating income of $61.4 million, a decline of $20.7 million...

Baptista Research

Why Matson Is Doubling Down on Southeast Asia as Manufacturers Move Beyond China!

Matson, Inc. recently reported its fourth-quarter and full-year 2025 financial results, revealing a mixed performance with both challenges and...

Baptista Research

Matson: What’s Driving The Vietnam Surge, And How Big Can This Diversification Story Get?

Matson Inc. reported third quarter 2025 financial results characterized by a mixed performance across its business segments amid a challenging...

Baptista Research

Matson Inc.: Diversification of Catchment Basin in Asia To Hedge Against Geopolitical Uncertainties & Economic Volatility!

Matson Inc.'s recent financial earnings for the first quarter of 2025 provided a nuanced view of the company's current standing and its challenges...

Baptista Research

New All-Time Highs Validates Our Bullish Outlook; Risk-On Signals Abound. Buys in Aluminum, Shippers

New All-Time Highs Validates Our Bullish Outlook $SPX $QQQ $DJI; Risk-On Signals Abound. Three SPX upside gaps in May signals bulls firmly in...

Vermilion Research

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