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>In the first quarter of 2024, Nucor Corporation reported substantial financial growth and expanded investment in strategic, high-growth sectors.</li><li>The company's EBITDA was approximately $1.5 billion and net earnings stood at $845 million or $3.46 per diluted share.</li><li>A slight increase in shipments was observed with a total of 6.2 million tons shipped to customers.</li></ul>

In the first quarter of 2024, Nucor Corporation reported substantial financial growth and expanded investment in strategic, high-growth sectors.The company's EBITDA was approximately $1.5 billion and net earnings stood at $845 million or $3.46 per diluted share.A slight increase in shipments was observed with a total of 6.2 million tons shipped to customers.

Nucor Corporation: How Will The Increased Infrastructure Spending Influence Their Growth Trajectory? - Major Drivers

<ul><li>As per the recent earnings of Nucor Corporation, the company reported robust financial results, marking 2023 as its third most profitable year, preceded by 2021 and 2022.</li><li>The firm earned $3.16 earnings per share in the Q4 2023 and an annual EPS of $18, signifying a commendable performance.</li><li>The net earnings over the past three years reportedly exceeded the cumulative net earnings of the previous 20 years.</li></ul>

As per the recent earnings of Nucor Corporation, the company reported robust financial results, marking 2023 as its third most profitable year, preceded by 2021 and 2022.The firm earned $3.16 earnings per share in the Q4 2023 and an annual EPS of $18, signifying a commendable performance.The net earnings over the past three years reportedly exceeded the cumulative net earnings of the previous 20 years.

Nucor Corporation: What Do The Growth Trends Look Like? - Major Drivers

<ul><li>Nucor delivered mixed results for the quarter, with revenues falling short of Wall Street expectations but managed earnings beat.</li><li>The company's three reporting segments saw higher earnings in the quarter, with the largest gains arriving from steel mill segments that saw higher realized pricing.</li><li>In the company's sheet mill group, Nucor continues its ramp-up in the Nucor Steel Gallatin.</li></ul>

Nucor delivered mixed results for the quarter, with revenues falling short of Wall Street expectations but managed earnings beat.The company's three reporting segments saw higher earnings in the quarter, with the largest gains arriving from steel mill segments that saw higher realized pricing.In the company's sheet mill group, Nucor continues its ramp-up in the Nucor Steel Gallatin.

Nucor Corporation: What Is Its Competitive Advantage? – Key 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

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>The market remains in "lockout rally" mode, where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings.</li>
<li>We have discussed this on a weekly basis since 11/21/23. Still no reason to fight this bullish trend, and we continue to expect more upside into year-end and early 2024.</li>
<li>We highlight buys in Steel: NUE, STLD, RS, WOR, TMST, ZEUS, LatAm Banks: ITUB, BSBR, BBD, BAP, BCH, Industrials: ITT, FSS, SPXC, ATS, KAI, CR, BRC, SXI, and HSC</li>
</ul>


The market remains in "lockout rally" mode, where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings.
We have discussed this on a weekly basis since 11/21/23. Still no reason to fight this bullish trend, and we continue to expect more upside into year-end and early 2024.
We highlight buys in Steel: NUE, STLD, RS, WOR, TMST, ZEUS, LatAm Banks: ITUB, BSBR, BBD, BAP, BCH, Industrials: ITT, FSS, SPXC, ATS, KAI, CR, BRC, SXI, and HSC


Russell 2000 Testing 1.5+ Year Resistance; Downgrading Communications; Steel Buys $NUE $STLD $ZEUS

Energy Transition | AI | Shifting World Order, Mint Finance

Srinidhi Raghavendra

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Thematic (Sector/Industry)

<ul>
<li>Inflation Reduction Act is by far the largest legislation to positively influence climate change and emissions control.</li>
<li>IRA is packed with subsidies, and loans totaling up to USD 369 billion over the next ten years on renewables, EVs, hydrogen hubs, carbon capture &amp; storage, among others.</li>
<li>By 2035, IRA will drive reduction of greenhouse gas emissions by up to 48% relative to 2005 emissions levels.</li>
</ul>


Inflation Reduction Act is by far the largest legislation to positively influence climate change and emissions control.
IRA is packed with subsidies, and loans totaling up to USD 369 billion over the next ten years on renewables, EVs, hydrogen hubs, carbon capture &amp; storage, among others.
By 2035, IRA will drive reduction of greenhouse gas emissions by up to 48% relative to 2005 emissions levels.


Many Aren’t Aware of the Inflation Reduction Act; and That’s Good News for Investors

United States

Nucor Corporation manufactures steel products.  The Company's products include carbon and alloy steel, steel joists, steel deck, cold finished steel, steel grinding balls, steel bearing products, and metal buildingsystems. Nucor also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap.

Nucor Corp (NUE US)

Nucor Corporation: How Will The Increased Infrastructure Spending Influence Their Growth Trajectory? - Major Drivers

In the first quarter of 2024, Nucor Corporation reported substantial financial growth and expanded investment in strategic, high-growth...

Baptista Research

Nucor Corporation: What Do The Growth Trends Look Like? - Major Drivers

As per the recent earnings of Nucor Corporation, the company reported robust financial results, marking 2023 as its third most profitable year,...

Baptista Research

Nucor Corporation: What Is Its Competitive Advantage? – Key Drivers

Nucor delivered mixed results for the quarter, with revenues falling short of Wall Street expectations but managed earnings beat. The company's...

Baptista Research

Russell 2000 Testing 1.5+ Year Resistance; Downgrading Communications; Steel Buys $NUE $STLD $ZEUS

Market remains in a "lockout rally" where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings -- as we...

Vermilion Research

Many Aren’t Aware of the Inflation Reduction Act; and That’s Good News for Investors

Two in three Americans know little about IRA. The Inflation Reduction Act (“IRA”) took years in the making and will have material implications...

Mint Finance