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>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish outlook as long as...</li>
<li>...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059</li>
<li>Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish outlook as long as...
...market dynamics remain healthy and the SPX is above 6028-6059. Short-term supports on SPX include 6400-6410, the 3-month uptrend (currently at ~6380), 6200, 6100-6150, and 6028-6059
Bullish Developments Continue: DJI and Russell 2000 Breakouts and Much More


DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

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>Meritage Homes reported solid results for the third quarter of 2024.</li><li>The company focused on their strategy of constructing affordable, move-in ready homes—a strategy that resonates positively with homebuyers.</li><li>Key financials for this period included home closing revenue of $1.6 billion and a diluted earnings per share (EPS) of $5.34.</li></ul>

Meritage Homes reported solid results for the third quarter of 2024.The company focused on their strategy of constructing affordable, move-in ready homes—a strategy that resonates positively with homebuyers.Key financials for this period included home closing revenue of $1.6 billion and a diluted earnings per share (EPS) of $5.34.

Meritage Homes Corporation: Will The Acquisition Of Acquisition of Elliott Homes Be A Game Changer? - Major Drivers

<ul><li>Meritage Homes' second quarter of 2024 financial statement depicted a mixed landscape of operational achievements and challenges.</li><li>The company showcased robust financial results, achieving a notable boost in sales, gross margin expansion, and optimized operational efficiency, marking its continued focus on not just maintaining but also strategically expanding its market footprint targeted primarily towards the entry-level housing segment.</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>

Meritage Homes' second quarter of 2024 financial statement depicted a mixed landscape of operational achievements and challenges.The company showcased robust financial results, achieving a notable boost in sales, gross margin expansion, and optimized operational efficiency, marking its continued focus on not just maintaining but also strategically expanding its market footprint targeted primarily towards the entry-level housing segment.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.

Meritage Homes Corporation: Refined Incentive & Pricing Structures in Response to Economic Conditions & Major Drivers

<ul><li>Meritage Homes commenced the year with a remarkable first quarter in 2024, demonstrating both strong execution and a robust demand environment, yet facing challenges due to the unpredictability of interest rates and increased land and material costs.</li><li>On the performance front, Meritage Homes reported substantial gains, with first-quarter sales orders hitting a record 3,991 homes, reflecting a 14% year-over-year increase.</li><li>This noteworthy jump was primarily driven by healthy spring sales, an 8% cancellation rate, and robust demand across all regions, particularly from entry-level homebuyers who make up more than 90% of the order volume.</li></ul>

Meritage Homes commenced the year with a remarkable first quarter in 2024, demonstrating both strong execution and a robust demand environment, yet facing challenges due to the unpredictability of interest rates and increased land and material costs.On the performance front, Meritage Homes reported substantial gains, with first-quarter sales orders hitting a record 3,991 homes, reflecting a 14% year-over-year increase.This noteworthy jump was primarily driven by healthy spring sales, an 8% cancellation rate, and robust demand across all regions, particularly from entry-level homebuyers who make up more than 90% of the order volume.

Meritage Homes Corporation: A Tale Of Community Expansion and Market Share Growth! - Major Drivers

<ul>
<li>This is our first report on Meritage Homes Corp.</li>
<li>The company's Q4 2023 sales orders increased 60% year on year, with strong home buying demand and a slight pullback in interest rates.</li>
<li>The company achieved a record backlog conversion of 110%, leading to home closing revenue of $1.6 billion.</li>
</ul>


This is our first report on Meritage Homes Corp.
The company's Q4 2023 sales orders increased 60% year on year, with strong home buying demand and a slight pullback in interest rates.
The company achieved a record backlog conversion of 110%, leading to home closing revenue of $1.6 billion.


Meritage Homes Corporation: These Are The 3 Biggest Growth Catalysts For The Company!

United States

Meritage Homes Corporation designs, builds, and sells single-family homes ranging from entry level to semi-custom luxury.  The Company operates in the South and West of the United States.

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Meritage Homes (MTH US)

DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

$DJI and Russell 2000 $IWM Breaking Out; Staying Bullish $SPX $QQQ; Bullish Developments Continue: DJI, IWM, $RSP Breakouts, RS on $XLP at new...

Vermilion Research

Meritage Homes Corporation: Will The Acquisition Of Acquisition of Elliott Homes Be A Game Changer? - Major Drivers

Meritage Homes reported solid results for the third quarter of 2024. The company focused on their strategy of constructing affordable, move-in...

Baptista Research

Meritage Homes Corporation: Refined Incentive & Pricing Structures in Response to Economic Conditions & Major Drivers

Meritage Homes' second quarter of 2024 financial statement depicted a mixed landscape of operational achievements and challenges. The company...

Baptista Research

Meritage Homes Corporation: These Are The 3 Biggest Growth Catalysts For The Company!

This is our first report on Meritage Homes Corp. The company's Q4 2023 sales orders increased 60% year on year, with strong home buying demand and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

DJI and Russell 2000 Breaking Out; Staying Bullish; Bullish Developments Continue

$DJI and Russell 2000 $IWM Breaking Out; Staying Bullish $SPX $QQQ; Bullish Developments Continue: DJI, IWM, $RSP Breakouts, RS on $XLP at new...

Vermilion Research

Meritage Homes Corporation: Will The Acquisition Of Acquisition of Elliott Homes Be A Game Changer? - Major Drivers

Meritage Homes reported solid results for the third quarter of 2024. The company focused on their strategy of constructing affordable, move-in...

Baptista Research

Meritage Homes Corporation: Refined Incentive & Pricing Structures in Response to Economic Conditions & Major Drivers

Meritage Homes' second quarter of 2024 financial statement depicted a mixed landscape of operational achievements and challenges. The company...

Baptista Research

Meritage Homes Corporation: A Tale Of Community Expansion and Market Share Growth! - Major Drivers

Meritage Homes commenced the year with a remarkable first quarter in 2024, demonstrating both strong execution and a robust demand environment,...

Baptista Research

Meritage Homes Corporation: These Are The 3 Biggest Growth Catalysts For The Company!

This is our first report on Meritage Homes Corp. The company's Q4 2023 sales orders increased 60% year on year, with strong home buying demand and...

Baptista Research