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

Seagate Technology Holdings PL / Technical Analysis

<ul>
<li>We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.</li>
<li>Shorter-Term, the SPX violated its 3.5-month uptrend yesterday, but managed to rally back to the breakdown level by yesterday's close. </li>
<li>We would not yet call this a decisive breakdown, and we are on the lookout for a potential reclaim back above this uptrend at the 6425-3430 level. Or consolidation?</li>
</ul>


We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.
Shorter-Term, the SPX violated its 3.5-month uptrend yesterday, but managed to rally back to the breakdown level by yesterday's close. 
We would not yet call this a decisive breakdown, and we are on the lookout for a potential reclaim back above this uptrend at the 6425-3430 level. Or consolidation?


Downgrading Staples to Underweight; New Leaders Still Leading As Prior Leaders Consolidate

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>NetApp's recent earnings for the second quarter of fiscal year 2025 reflects a strong performance with both opportunities and challenges evident in the company's results.</li><li>Key aspects of the company's current position and future outlook can be synthesized as follows: NetApp demonstrated significant growth in its all-flash storage segment, showing a 19% year-over-year increase, and enjoyed solid momentum in cloud storage services, which helped drive revenue beyond expectations.</li><li>The reported revenues reached $1.66 billion, showing a 6% increase compared to the previous year.</li></ul>

NetApp's recent earnings for the second quarter of fiscal year 2025 reflects a strong performance with both opportunities and challenges evident in the company's results.Key aspects of the company's current position and future outlook can be synthesized as follows: NetApp demonstrated significant growth in its all-flash storage segment, showing a 19% year-over-year increase, and enjoyed solid momentum in cloud storage services, which helped drive revenue beyond expectations.The reported revenues reached $1.66 billion, showing a 6% increase compared to the previous year.

NetApp Inc.: Keystone Subscription Model Expansion As A Critical Growth Lever! - Major Drivers

<ul><li>NetApp has commenced Fiscal Year 2025 on a positive note, demonstrating strong financial performance and sound strategic execution despite a challenging economic landscape.</li><li>During the first quarter, the company delivered a commendable 8% year-over-year growth in revenue, coupled with record figures for first quarter operating margin and earnings per share (EPS).</li><li>In light of these results, NetApp has revised its fiscal year outlook upward, signaling confidence in both revenue and profitability.</li></ul>

NetApp has commenced Fiscal Year 2025 on a positive note, demonstrating strong financial performance and sound strategic execution despite a challenging economic landscape.During the first quarter, the company delivered a commendable 8% year-over-year growth in revenue, coupled with record figures for first quarter operating margin and earnings per share (EPS).In light of these results, NetApp has revised its fiscal year outlook upward, signaling confidence in both revenue and profitability.

NetApp Inc.: A Story Of Cloud Storage Portfolio Growth & All-Flash Array Market Expansion! - Major Drivers

<ul><li>NetApp concluded its fiscal year 2024 on a high note, demonstrating robust performance in the fourth quarter.</li><li>The company's revenue for the fourth quarter and the full fiscal year surpassed the midpoint of their guidance, a result of the strong growth from their expanded all-flash portfolio.</li><li>They also achieved company records for annual gross margin operating margin, earnings per share, operating cash flow, and free cash flow.</li></ul>

NetApp concluded its fiscal year 2024 on a high note, demonstrating robust performance in the fourth quarter.The company's revenue for the fourth quarter and the full fiscal year surpassed the midpoint of their guidance, a result of the strong growth from their expanded all-flash portfolio.They also achieved company records for annual gross margin operating margin, earnings per share, operating cash flow, and free cash flow.

NetApp Inc.: Investment In Artificial Intelligence (AI) Yielding Results? - Major Drivers

<ul><li>NetApp Inc.</li><li>reported a decent performance in Q3 FY '24.</li><li>During this quarter, revenue grew above the company's guidance, driven by the momentum of their expanded all-flash product portfolio.</li></ul>

NetApp Inc.reported a decent performance in Q3 FY '24.During this quarter, revenue grew above the company's guidance, driven by the momentum of their expanded all-flash product portfolio.

NetApp Inc.: Will Their Investment In AI Technology Pay Off? - Key Drivers

United States

NetApp, Inc. provides storage and data management solutions. The Company's storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp  serves enterprises, government agencies, and universities worldwide.

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Netapp Inc (NTAP US)

Downgrading Staples to Underweight; New Leaders Still Leading As Prior Leaders Consolidate

Downgrading Staples $XLP to Underweight; New Leaders Still Leading While Prior Leaders Consolidate; $SMH Above $280, 10-yr Treasury yield below key...

Vermilion Research

NetApp Inc.: Keystone Subscription Model Expansion As A Critical Growth Lever! - Major Drivers

NetApp's recent earnings for the second quarter of fiscal year 2025 reflects a strong performance with both opportunities and challenges evident...

Baptista Research

NetApp Inc.: A Story Of Cloud Storage Portfolio Growth & All-Flash Array Market Expansion! - Major Drivers

NetApp has commenced Fiscal Year 2025 on a positive note, demonstrating strong financial performance and sound strategic execution despite a...

Baptista Research

NetApp Inc.: Investment In Artificial Intelligence (AI) Yielding Results? - Major Drivers

NetApp concluded its fiscal year 2024 on a high note, demonstrating robust performance in the fourth quarter. The company's revenue for the fourth...

Baptista Research

NetApp Inc.: Will Their Investment In AI Technology Pay Off? - Key Drivers

NetApp Inc. reported a decent performance in Q3 FY '24. During this quarter, revenue grew above the company's guidance, driven by the momentum of...

Baptista Research

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