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

Nexstar Broadcasting Group, Inc / Equity Bottom-Up

<ul><li>Nexstar Media Group's second quarter of 2024 delivered robust overall performance as the company continued to showcase its ability to navigate challenging market dynamics effectively.</li><li>As discussed during the recent earnings call, Nexstar achieved record total net revenue and distribution revenue, underscoring its strategic success in optimizing revenue streams amid continued industry shifts.</li><li>Particularly noteworthy was the substantial growth in adjusted EBITDA and adjusted free cash flow, which highlights disciplined execution across operational facets.</li></ul>

Nexstar Media Group's second quarter of 2024 delivered robust overall performance as the company continued to showcase its ability to navigate challenging market dynamics effectively.As discussed during the recent earnings call, Nexstar achieved record total net revenue and distribution revenue, underscoring its strategic success in optimizing revenue streams amid continued industry shifts.Particularly noteworthy was the substantial growth in adjusted EBITDA and adjusted free cash flow, which highlights disciplined execution across operational facets.

Nexstar Media Group: Will Its Strategic Focus on Political Advertising Result In A Solid Financial Performance? - Major Drivers

<ul><li>Nexstar Media Group's first quarter performance for 2024 displays a mixed outlook, with distinct strengths in certain areas counterbalanced by challenges in others.</li><li>The company reported record first-quarter net revenue of $1.28 billion, driven largely by a robust increase in distribution revenue, which reached an all-time high of $761 million.</li><li>This reflects ongoing strength in Nexstar's ability to monetize its extensive broadcast and digital network.</li></ul>

Nexstar Media Group's first quarter performance for 2024 displays a mixed outlook, with distinct strengths in certain areas counterbalanced by challenges in others.The company reported record first-quarter net revenue of $1.28 billion, driven largely by a robust increase in distribution revenue, which reached an all-time high of $761 million.This reflects ongoing strength in Nexstar's ability to monetize its extensive broadcast and digital network.

Nexstar Media Group Inc.: What Is Their Case Of Adaptation To Industry Changes & Consumer Behavior? - Major Drivers

<ul><li>This is our first report on television broadcasting and digital media major, Nexstar Media Group.</li><li>The company maintained strengths in crucial areas despite year-over-year declines in cyclical political advertising and net distribution revenue impacts resulting from negotiations with DirecTV.</li><li>Due to the favorable terms of these agreements and upcoming renewals, the company anticipates high-margin distribution revenue growth in future periods.</li></ul>

This is our first report on television broadcasting and digital media major, Nexstar Media Group.The company maintained strengths in crucial areas despite year-over-year declines in cyclical political advertising and net distribution revenue impacts resulting from negotiations with DirecTV.Due to the favorable terms of these agreements and upcoming renewals, the company anticipates high-margin distribution revenue growth in future periods.

Nexstar Media Group: Initiation of Coverage - What Is Its Bold Digital and Advertising Strategies Set to Dominate the Market! - Major Drivers

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul>
<li>With market damage becoming worse by the week, identifying promising setups becoming fewer and fewer as most groups and sectors in bad Stage 4 declines, continually rejecting at key moving averages in each bear market rally in 2022.</li>
<li>I have no interest in speculative biotech and wouldn’t put a dime in a Chinese stock.</li>
<li>Playing defense and resisting buying into a Stage 4 decline is key as the macroeconomic data continues to soften and revert back to pre-COVID trends after the “sugar high” of low interest rates and fiscal stimulus wear off.</li>
</ul>


With market damage becoming worse by the week, identifying promising setups becoming fewer and fewer as most groups and sectors in bad Stage 4 declines, continually rejecting at key moving averages in each bear market rally in 2022.
I have no interest in speculative biotech and wouldn’t put a dime in a Chinese stock.
Playing defense and resisting buying into a Stage 4 decline is key as the macroeconomic data continues to soften and revert back to pre-COVID trends after the “sugar high” of low interest rates and fiscal stimulus wear off.


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

US Treasury (10 Yr Generic) / Technical Analysis

<p>Ongoing market dynamics continue to support our overall bullish outlook. Continue to buy dips. In today’s report we highlight attractive Groups and stocks within Communications and Transportation: Broadcasting, Movies, Entertainment, Programming, Small-Cap, Publishing, Small-Cap, and Shipping, Dry-Bulk.</p>

Ongoing market dynamics continue to support our overall bullish outlook. Continue to buy dips. In today’s report we highlight attractive Groups and stocks within Communications and Transportation: Broadcasting, Movies, Entertainment, Programming, Small-Cap, Publishing, Small-Cap, and Shipping, Dry-Bulk.

U.S. Equity Strategy: Upgrading Communications To Overweight; Financials Breaking Above 2007 Highs

United States

Nexstar Broadcasting Group, Inc, is a television broadcasting company focused on the acquisition, development, and operation of television stations in medium using traditional media, e-MEDIA, digital and mobile media platforms. Nexstar Broadcasting Group, Inc offers its services in the central east part of United States.

Nexstar Broadcasting Group, Inc (NXST US)

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Nexstar Broadcasting Group, Inc (NXST US)

Nexstar Media Group: Will Its Strategic Focus on Political Advertising Result In A Solid Financial Performance? - Major Drivers

Nexstar Media Group's second quarter of 2024 delivered robust overall performance as the company continued to showcase its ability to navigate...

Baptista Research

Nexstar Media Group Inc.: What Is Their Case Of Adaptation To Industry Changes & Consumer Behavior? - Major Drivers

Nexstar Media Group's first quarter performance for 2024 displays a mixed outlook, with distinct strengths in certain areas counterbalanced by...

Baptista Research

Nexstar Media Group: Initiation of Coverage - What Is Its Bold Digital and Advertising Strategies Set to Dominate the Market! - Major Drivers

This is our first report on television broadcasting and digital media major, Nexstar Media Group. The company maintained strengths in crucial...

Baptista Research

Weekly Stock Bullfinder - Week of 7/4

With market damage becoming worse by the week, identifying promising setups becoming fewer and fewer as most groups and sectors in bad Stage 4...

Weekly Stock Bull Finder

U.S. Equity Strategy: Upgrading Communications To Overweight; Financials Breaking Above 2007 Highs

Ongoing market dynamics continue to support our overall bullish outlook. Continue to buy dips. In today’s report we highlight attractive Groups and...

Vermilion Research

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