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

Mondelez International / Equity Bottom-Up

<ul><li>Mondelez International had robust Q1 2024 with solid top line results, strong earnings, and free cash flow generation.</li><li>The performance was buoyed by momentum in emerging markets where consumer confidence is high and categories are resilient.</li><li>The company faced challenges such as disruption with European clients and boycott of Western products in the Middle East and Southeast Asia.</li></ul>

Mondelez International had robust Q1 2024 with solid top line results, strong earnings, and free cash flow generation.The performance was buoyed by momentum in emerging markets where consumer confidence is high and categories are resilient.The company faced challenges such as disruption with European clients and boycott of Western products in the Middle East and Southeast Asia.

Mondelez International: A Tale Of Preserving Critical Price Points and Investing in Supply Chain Reliability! - Major Drivers

Podcast hosted by Hedgeye CEO Keith McCullough, Real Conversations

Real Conversations

Podcast hosted by Hedgeye CEO Keith McCullough

Hedgeye is an investment research and financial media company founded in 2008. Our core principles are transparency, accountability and trust. Hedgeye’s Real Conversations series, hosted by CEO Keith McCullough, brings together the brightest minds in the business to cut through the noise and discuss the financial market moves that actually matter.LEGALThe opinions expressed in Hedgeye Real Conversations are those of the individual speaking and not of Hedgeye, and should not be construed as specific investment advice. Hedgeye® is a registered trademark. All Hedegye Real Conversations are the intellectual property of Hedgeye. All rights reserved.

Cross Asset Strategy

<ul><li>Russell was down almost a full percent last week, but consumer staples, MLPS, and shipping performed well</li><li>Domino's reported slightly lower earnings and showed signs of global headwinds, momentum slowing</li><li>China looks like a good long bias opportunity for the second half of 2024, while consumer staples are poorly positioned for reaccelerating inflation</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Russell was down almost a full percent last week, but consumer staples, MLPS, and shipping performed wellDomino's reported slightly lower earnings and showed signs of global headwinds, momentum slowingChina looks like a good long bias opportunity for the second half of 2024, while consumer staples are poorly positioned for reaccelerating inflationThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Mondelez International closed out 2023 on a strong note, according to their fourth quarter and year end earnings call.</li><li>Chairman and CEO Dirk Van de Put pointed to robust top-line growth, record profit dollar growth, strong free cash flow, and solid returns to shareholders as key indicators of this success.</li><li>More specifically, their organic net revenue grew 14.7% or $4.6 billion from the prior year.</li></ul>

Mondelez International closed out 2023 on a strong note, according to their fourth quarter and year end earnings call.Chairman and CEO Dirk Van de Put pointed to robust top-line growth, record profit dollar growth, strong free cash flow, and solid returns to shareholders as key indicators of this success.More specifically, their organic net revenue grew 14.7% or $4.6 billion from the prior year.

Mondelez International: A Tale Of Volume Recovery and Organic Growth in North America - Major Drivers

<ul><li>Mondelez International managed to surpass the revenue expectations as well as the earnings expectations of Wall Street, showcasing a strong foundation for sustained, high-quality growth.</li><li>The snack bar business, featuring Clif Bar, Grenade, and Perfect Snacks, is on track to exceed $1.2 billion in net revenue.</li><li>Noteworthy success stories include Clif Kid Zbar's double-digit growth, Grenade's strong performance in sports nutrition, and Perfect Snacks' continued double-digit value growth.</li></ul>

Mondelez International managed to surpass the revenue expectations as well as the earnings expectations of Wall Street, showcasing a strong foundation for sustained, high-quality growth.The snack bar business, featuring Clif Bar, Grenade, and Perfect Snacks, is on track to exceed $1.2 billion in net revenue.Noteworthy success stories include Clif Kid Zbar's double-digit growth, Grenade's strong performance in sports nutrition, and Perfect Snacks' continued double-digit value growth.

Mondelez International Inc.: Volume Growth & Consumer Confidence As A Growth Catalyst! - Major Drivers

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

Health Care Select Sector SPDR / Technical Analysis

<ul>
<li>As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024.</li>
<li>Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume (XLK, SMH, IGV, ARKK, IPO, BITQ)</li>
<li>Other Sectors are picking up the slack, namely Health Care (XLV), Staples (XLP), Utilities (XLU), Energy (XLE), Financials (XLF), and Real Estate (XLRE). Shift exposure toward value and defensives</li>
</ul>


As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024.
Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume (XLK, SMH, IGV, ARKK, IPO, BITQ)
Other Sectors are picking up the slack, namely Health Care (XLV), Staples (XLP), Utilities (XLU), Energy (XLE), Financials (XLF), and Real Estate (XLRE). Shift exposure toward value and defensives


Upgrading Staples and Health Care to Market Weight; Shift to Value; Failed Breakouts for ARKK, IPO

United States

Mondelez International Inc. is a food and beverage company.  The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products.  Mondelez International sells its products throughout the world.

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Mondelez International (MDLZ US)

Mondelez International: A Tale Of Preserving Critical Price Points and Investing in Supply Chain Reliability! - Major Drivers

Mondelez International had robust Q1 2024 with solid top line results, strong earnings, and free cash flow generation. The performance was buoyed...

Baptista Research

The Call @ Hedgeye | February 26, 2024

Last week saw a mixed market with Russell down almost 1%, consumer staples and MLPs performing well, Howard's cannabis MSOs showing strength,...

Real Conversations

Mondelez International: A Tale Of Volume Recovery and Organic Growth in North America - Major Drivers

Mondelez International closed out 2023 on a strong note, according to their fourth quarter and year end earnings call. Chairman and CEO Dirk Van...

Baptista Research

Mondelez International Inc.: Volume Growth & Consumer Confidence As A Growth Catalyst! - Major Drivers

Mondelez International managed to surpass the revenue expectations as well as the earnings expectations of Wall Street, showcasing a strong...

Baptista Research

Upgrading Staples and Health Care to Market Weight; Shift to Value; Failed Breakouts for ARKK, IPO

Shifting exposure toward value and defensives. Upgrading Consumer Staples $XLP and Health Care $XLV to market weight. $ARKK and $IPO with bearish...

Vermilion Research

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