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>Nordson Corporation reported its fiscal 2026 third quarter results marked by broad-based growth across all three business segments, with record sales and earnings performance.</li><li>The company achieved third quarter sales of $818 million, reflecting a 10% increase year-over-year, driven by 12% organic growth.</li><li>This growth extended across the Industrial Precision Solutions (IPS), Medical and Fluid Solutions (MFS), and Advanced Technology Solutions (ATS) segments.</li></ul>

Nordson Corporation reported its fiscal 2026 third quarter results marked by broad-based growth across all three business segments, with record sales and earnings performance.The company achieved third quarter sales of $818 million, reflecting a 10% increase year-over-year, driven by 12% organic growth.This growth extended across the Industrial Precision Solutions (IPS), Medical and Fluid Solutions (MFS), and Advanced Technology Solutions (ATS) segments.

Nordson's $818 Million Record — Semiconductor Demand Reshapes Growth!

<ul><li>Nordson Corporation reported its fiscal 2026 second quarter results with record sales of $741 million, representing an 8% increase year-over-year, including 7% organic growth.</li><li>All three business segments—Industrial Precision Solutions (IPS), Medical and Fluid Solutions (MFS), and Advanced Technology Solutions (ATS)—contributed to this increase.</li><li>The company experienced strong order entry momentum throughout the quarter, resulting in an 18% organic increase in backlog compared to the prior year.</li></ul>

Nordson Corporation reported its fiscal 2026 second quarter results with record sales of $741 million, representing an 8% increase year-over-year, including 7% organic growth.All three business segments—Industrial Precision Solutions (IPS), Medical and Fluid Solutions (MFS), and Advanced Technology Solutions (ATS)—contributed to this increase.The company experienced strong order entry momentum throughout the quarter, resulting in an 18% organic increase in backlog compared to the prior year.

Nordson Corporation’s CapstanAG Acquisition: A Small Deal With Strategic Reach?

<ul><li>Nordson Corporation reported strong financial results for the first quarter of fiscal year 2026.</li><li>The company achieved record first-quarter sales of $669 million, representing a 9% increase from the previous year, with 7% organic growth.</li><li>Notably, the Advanced Technology Solutions (ATS) segment saw over 20% growth, driven largely by demand in the semiconductor space.</li></ul>

Nordson Corporation reported strong financial results for the first quarter of fiscal year 2026.The company achieved record first-quarter sales of $669 million, representing a 9% increase from the previous year, with 7% organic growth.Notably, the Advanced Technology Solutions (ATS) segment saw over 20% growth, driven largely by demand in the semiconductor space.

Nordson Is Riding the AI and Semiconductor Wave—But How Durable Is the Demand Surge?

Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Equity Derivatives

<ul><li>Options markets sent conflicting signals this week.</li><li>Defensive put-buying surged across global financials, industrials, and high-momentum names.</li><li>At the same time, aggressive call-buying dominated ETF flows, cybersecurity, and select recovery plays.</li></ul>

Options markets sent conflicting signals this week.Defensive put-buying surged across global financials, industrials, and high-momentum names.At the same time, aggressive call-buying dominated ETF flows, cybersecurity, and select recovery plays.

Options Weekly: Bears Hedge, Bulls Chase: A Split Market in Options

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>In our Sept.27 Compass, with the S&amp;P 500 down 11.5% during the prior two weeks, we discussed our belief that the market indexes could see a bounce/pause pause in selling.</li>
<li>The SPX and IWM have paused, and we cannot rule out a bear market rally if the 200-week MA (3590-3600) holds on the SPX, and if $162-163 holds on IWM.</li>
<li>Longer-Term, this is still a bear market until the S&amp;P 500 and Russell 2000 can break above their respective 200-day MAs.</li>
</ul>


In our Sept.27 Compass, with the S&amp;P 500 down 11.5% during the prior two weeks, we discussed our belief that the market indexes could see a bounce/pause pause in selling.
The SPX and IWM have paused, and we cannot rule out a bear market rally if the 200-week MA (3590-3600) holds on the SPX, and if $162-163 holds on IWM.
Longer-Term, this is still a bear market until the S&amp;P 500 and Russell 2000 can break above their respective 200-day MAs.


Bear Market Until Proven Otherwise; Upgrading Industrials to Overweight; Buys Within Industrials

United States

Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations.  The Company's products include customized electronic controls for the precise application and curing of materials to meet customers' requirements.  Nordson operates around the world.

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Nordson Corp (NDSN US)

Nordson's $818 Million Record — Semiconductor Demand Reshapes Growth!

Nordson Corporation reported its fiscal 2026 third quarter results marked by broad-based growth across all three business segments, with record...

Baptista Research

Nordson Corporation’s CapstanAG Acquisition: A Small Deal With Strategic Reach?

Nordson Corporation reported its fiscal 2026 second quarter results with record sales of $741 million, representing an 8% increase year-over-year,...

Baptista Research

Nordson Is Riding the AI and Semiconductor Wave—But How Durable Is the Demand Surge?

Nordson Corporation reported strong financial results for the first quarter of fiscal year 2026. The company achieved record first-quarter sales...

Baptista Research

Options Weekly: Bears Hedge, Bulls Chase: A Split Market in Options

Options markets sent conflicting signals this week. Defensive put-buying surged across global financials, industrials, and high-momentum names. At...

ORTEX Market Intel

Bear Market Until Proven Otherwise; Upgrading Industrials to Overweight; Buys Within Industrials

Bear market rally remains in play if the 200-week MA (3590-3600) holds on $SPX, and if $162-$163 holds on $IWM. Longer-term, this is still a bear...

Vermilion Research

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