Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>New Relic reported a solid quarter pushing shares up ~18% during the regular trading session as y/y revenue growth accelerated while gross margin and operating income continued to expand.</li>
<li>We like New Relic’s fundamentals and transformation plan driven across the business. The company raised the outlook for FY23 revenue as 3QFY23 results exceeded guidance. </li>
<li>New Relic invites investors to an Analyst Day in May, where the company will announce the FY24 financial plan details and give more color about the updated GTM strategy. </li>
</ul>


New Relic reported a solid quarter pushing shares up ~18% during the regular trading session as y/y revenue growth accelerated while gross margin and operating income continued to expand.
We like New Relic’s fundamentals and transformation plan driven across the business. The company raised the outlook for FY23 revenue as 3QFY23 results exceeded guidance. 
New Relic invites investors to an Analyst Day in May, where the company will announce the FY24 financial plan details and give more color about the updated GTM strategy. 


New Relic: Impressive 3QFY23. Profitable Growth Accelerated Driven By Efficiency Initiatives

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.

<ul><li>McDonald's delivered a solid Q3 performance surpassing Wall Street expectations on all counts which is why its stock price has been surging over the past few weeks.</li><li>The company's sustained resiliency is demonstrated by its quarterly global comp sales, which increased by 9.5%.</li><li>In the quarter, the chicken was a significant contributor to comp sales growth across all of their key markets, and they will continue to concentrate on expanding their worldwide market share in this significant category.</li></ul>

McDonald's delivered a solid Q3 performance surpassing Wall Street expectations on all counts which is why its stock price has been surging over the past few weeks.The company's sustained resiliency is demonstrated by its quarterly global comp sales, which increased by 9.5%.In the quarter, the chicken was a significant contributor to comp sales growth across all of their key markets, and they will continue to concentrate on expanding their worldwide market share in this significant category.

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>We discuss how White Castle, which has one of the most loyal customer base for franchise burger chain in the United States, has been using robots to make French fries.</li>
<li>In February 2022, White Castle started to roll out Miso Robotics' Flippy 2 machine robots on about White Castle 100 restaurants in the United States.</li>
<li>In the next several years, there is a real chance for McDonald's, White Castle, and Burger King to replace human workers making French fries and burgers with robots.</li>
</ul>


We discuss how White Castle, which has one of the most loyal customer base for franchise burger chain in the United States, has been using robots to make French fries.
In February 2022, White Castle started to roll out Miso Robotics' Flippy 2 machine robots on about White Castle 100 restaurants in the United States.
In the next several years, there is a real chance for McDonald's, White Castle, and Burger King to replace human workers making French fries and burgers with robots.


White Castles' Kitchen Robots - Impact on McDonald's & Global Fast Food Franchises

<ul><li>McDonald's has been witnessing a broad-based business momentum and saw its global comparable sales rising almost 10% with most of its key markets maintaining market share gains in the last quarter.</li><li>McDonalds benefited from its digital platforms and the team continued to increase QSR traffic share in their internationally operated markets.</li><li>There has been a particularly intensified digital momentum of the company’s rivals such as Restaurant Brands International and Yum!.</li></ul>

McDonald's has been witnessing a broad-based business momentum and saw its global comparable sales rising almost 10% with most of its key markets maintaining market share gains in the last quarter.McDonalds benefited from its digital platforms and the team continued to increase QSR traffic share in their internationally operated markets.There has been a particularly intensified digital momentum of the company’s rivals such as Restaurant Brands International and Yum!.

McDonald’s Corporation: Competitive Advantage

Equity Capital Markets

<ul><li>McDonalds had a decent top-line result in this quarter representing a continuation of the broad-based business momentum of the brand all over the world.</li><li>France has benefitted from a strong menu, strength in delivery, and marketing promotions that focus on family.</li><li>The performance of the company in their biggest core market of the U.S. has been driven by robust average check growth, which reflects menu price increases and larger order sizes.</li></ul>

McDonalds had a decent top-line result in this quarter representing a continuation of the broad-based business momentum of the brand all over the world.France has benefitted from a strong menu, strength in delivery, and marketing promotions that focus on family.The performance of the company in their biggest core market of the U.S. has been driven by robust average check growth, which reflects menu price increases and larger order sizes.

McDonald’s Corporation.: Menu Innovation & Other Drivers

United States

McDonald's Corporation franchises and operates fast-food restaurants in the global restaurant industry. The Company's restaurants serve a variety of value-priced menu products in countries around the world.

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Mcdonald's Corp (MCD US)

New Relic: Impressive 3QFY23. Profitable Growth Accelerated Driven By Efficiency Initiatives

New Relic surprised investors and reported better-than-expected 3QFY23 results driven by consumption and efficiency initiatives

Andrei Zakharov

McDonald's Corporation: Major Drivers

McDonald's delivered a solid Q3 performance surpassing Wall Street expectations on all counts which is why its stock price has been surging over...

Baptista Research

White Castles' Kitchen Robots - Impact on McDonald's & Global Fast Food Franchises

In the next several years, there is a real chance for McDonald's, White Castle, and Burger King to replace human workers making French fries and...

Douglas Kim

McDonald’s Corporation: Competitive Advantage

McDonald's has been witnessing a broad-based business momentum and saw its global comparable sales rising almost 10% with most of its key markets...

Baptista Research

McDonald’s Corporation.: Menu Innovation & Other Drivers

McDonalds had a decent top-line result in this quarter representing a continuation of the broad-based business momentum of the brand all over the...

Baptista Research

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