Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>MSFT is set to report Q4 earnings after the market close on Wednesday, July 30.</li>
<li>We examine the implied volatility and projected earnings-day move following a near 30% rally since the last report.</li>
<li>Volatility metrics and historical earnings reactions are analyzed to help frame expectations.</li>
</ul>


MSFT is set to report Q4 earnings after the market close on Wednesday, July 30.
We examine the implied volatility and projected earnings-day move following a near 30% rally since the last report.
Volatility metrics and historical earnings reactions are analyzed to help frame expectations.


MSFT Q4 Earnings: Exceedingly Calm Trading Drags Implied Vol Lower

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Equity Bottom-Up

<ul><li>Nvidia, in characteristic fashion, murdered EPS estimates.</li><li>Revenue was $2 billion ahead of the guide, and the guide was another $4 billion ahead of consensus for the next quarter.</li><li>Going into the print, many people were concerned that positioning was bad, i.e., everyone was bullish and expectations were too high. Well, they did not disappoint.</li></ul>

Nvidia, in characteristic fashion, murdered EPS estimates.Revenue was $2 billion ahead of the guide, and the guide was another $4 billion ahead of consensus for the next quarter.Going into the print, many people were concerned that positioning was bad, i.e., everyone was bullish and expectations were too high. Well, they did not disappoint.

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>Microsoft’s long-standing alliance with OpenAI, once hailed as one of the most successful partnerships in tech, appears to be nearing a dramatic and possibly messy end.</li><li>The tensions have come to a head in recent weeks amid reports of OpenAI considering antitrust action against Microsoft, internal disagreements over IP access and corporate restructuring, and mounting competitive overlap in AI services.</li><li>Simultaneously, Microsoft is preparing for another round of layoffs, this time targeting its massive sales workforce, in a bid to contain costs associated with its multibillion-dollar AI infrastructure investments.</li></ul>

Microsoft’s long-standing alliance with OpenAI, once hailed as one of the most successful partnerships in tech, appears to be nearing a dramatic and possibly messy end.The tensions have come to a head in recent weeks amid reports of OpenAI considering antitrust action against Microsoft, internal disagreements over IP access and corporate restructuring, and mounting competitive overlap in AI services.Simultaneously, Microsoft is preparing for another round of layoffs, this time targeting its massive sales workforce, in a bid to contain costs associated with its multibillion-dollar AI infrastructure investments.

Microsoft’s OpenAI Divorce Could Trigger a Tech Earthquake: Here’s What The Tech Behemoth Stands to Lose!

<ul><li>Microsoft Corporation’s latest quarterly results delivered a strong rebound in investor confidence, with all major business segments exceeding internal forecasts and analyst expectations.</li><li>The company posted $70.1 billion in revenue, marking a 13% year-over-year increase.</li><li>Operating income reached $32 billion, coming in 6% above consensus estimates, and net income stood at $25.8 billion, or $3.46 per diluted share, well ahead of the expected $3.22.</li></ul>

Microsoft Corporation’s latest quarterly results delivered a strong rebound in investor confidence, with all major business segments exceeding internal forecasts and analyst expectations.The company posted $70.1 billion in revenue, marking a 13% year-over-year increase.Operating income reached $32 billion, coming in 6% above consensus estimates, and net income stood at $25.8 billion, or $3.46 per diluted share, well ahead of the expected $3.22.

Microsoft Just Sent a Message to the Market: Cloud, AI, and Cash Are King!

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avepoint-inc" target="_blank" data-smartkarma-citation="entities:37131:1" rel="noopener">AvePoint (AVPT US)</a> , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.</li>
<li>As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.
As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


AvePoint SGX Secondary Listing - Strong Growth and Large Client Base but Unclear Metrics

United States

Microsoft Corporation operates as a software company. The Company offers applications, extra cloud storage, and advanced security solutions. Microsoft serves customers worldwide.

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Microsoft Corp (MSFT US)

MSFT Q4 Earnings: Exceedingly Calm Trading Drags Implied Vol Lower

Despite a nearly 30% rally, MSFT’s volatility setup reflects a rare stretch of subdued trading ahead of a closely watched earnings release.

John Ley

Nvidia: Better than Dreamed

Think about how good Nvidia's earnings are. It's even better than that. Think about it again. It's better still. It's that good. Jokes aside,...

Fabricated Knowledge

Microsoft’s OpenAI Divorce Could Trigger a Tech Earthquake: Here’s What The Tech Behemoth Stands to Lose!

Microsoft’s long-standing alliance with OpenAI, once hailed as one of the most successful partnerships in tech, appears to be nearing a dramatic...

Baptista Research

Microsoft Just Sent a Message to the Market: Cloud, AI, and Cash Are King!

Microsoft Corporation’s latest quarterly results delivered a strong rebound in investor confidence, with all major business segments exceeding...

Baptista Research

AvePoint SGX Secondary Listing - Strong Growth and Large Client Base but Unclear Metrics

AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.

Sumeet Singh

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