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>Olin Corporation's latest earnings for Q2 2024 reflects a mixed performance amidst challenging market conditions and external disruptions, specifically Hurricane Beryl, which impacted its facilities.</li><li>The company, headed by CEO Kenneth Lane and CFO Todd Slater, discussed the financial outcomes, strategic adjustments, and forward-looking measures in response to the prevailing industrial economic environment.</li><li>In the second quarter, Olin Corporation saw a modest improvement in its chemicals business driven by seasonal demand and favorable pricing adjustments.</li></ul>

Olin Corporation's latest earnings for Q2 2024 reflects a mixed performance amidst challenging market conditions and external disruptions, specifically Hurricane Beryl, which impacted its facilities.The company, headed by CEO Kenneth Lane and CFO Todd Slater, discussed the financial outcomes, strategic adjustments, and forward-looking measures in response to the prevailing industrial economic environment.In the second quarter, Olin Corporation saw a modest improvement in its chemicals business driven by seasonal demand and favorable pricing adjustments.

Olin Corporation: Leveraging Competitive Asset Base for Market Response Agility! - Major Drivers

<ul><li>Olin Corporation's Q1 2024 earnings indicated a positive long-term outlook for the company, though there are some elements that investors should monitor.</li><li>The company is currently demonstrating an investment-grade balance sheet alongside strong performance across its portfolio.</li><li>CEO Kenneth Lane emphasized his commitment to Olin’s operating model and value-focused commercial approach.</li></ul>

Olin Corporation's Q1 2024 earnings indicated a positive long-term outlook for the company, though there are some elements that investors should monitor.The company is currently demonstrating an investment-grade balance sheet alongside strong performance across its portfolio.CEO Kenneth Lane emphasized his commitment to Olin’s operating model and value-focused commercial approach.

Olin Corporation: A Story Of A Decent Economic Recovery and Demand Uptick! - Major Drivers

<ul><li>Olin Corporation, a chemical manufacturing company, recently reported its Fourth Quarter 2023 Earnings and had met its four major targets for the fourth quarter which suggested positive performance.</li><li>First, they achieved an adjusted EBITDA of $210 million against the backdrop of a $100 million EBITDA impact from their value accelerator initiative.</li><li>Second, Olin was able to halt the decline of ECU values due to the same touchpoint initiative.</li></ul>

Olin Corporation, a chemical manufacturing company, recently reported its Fourth Quarter 2023 Earnings and had met its four major targets for the fourth quarter which suggested positive performance.First, they achieved an adjusted EBITDA of $210 million against the backdrop of a $100 million EBITDA impact from their value accelerator initiative.Second, Olin was able to halt the decline of ECU values due to the same touchpoint initiative.

Olin Corporation: Initiation Of Coverage - Exploring the 4 Core Influencers of Its Growth Trajectory! - Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>S&amp;P DJI commenced a market consultation for the S&amp;P Global Water Index on 29 July and that could lead to quite a few changes to the index in October.</li>
<li>We currently see 14 deletions and 10 inclusions for the index in October. Most of the changes will have a high impact from passive fund trading.</li>
<li>There could be more changes in April 2023 once stocks listed in Emerging Markets are included in the index.</li>
</ul>


S&amp;P DJI commenced a market consultation for the S&amp;P Global Water Index on 29 July and that could lead to quite a few changes to the index in October.
We currently see 14 deletions and 10 inclusions for the index in October. Most of the changes will have a high impact from passive fund trading.
There could be more changes in April 2023 once stocks listed in Emerging Markets are included in the index.


S&P Global Water Index: Market Consultation Driven Potential Changes

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>Last week we noted the S&amp;P 500 was testing support at 3800-3860 within its downtrend channel and that we were on watch for a potential bear market rally/oversold bounce.</li>
<li>This has officially begun following the break above 4030 on the S&amp;P 500, which was confirmed by bullish reversals on the Russell 2000, Nasdaq 100, DAX, Hang Seng, MCHI, KWEB.</li>
<li>As long as 3858 holds, it is possible the S&amp;P 500 breaks above the longer-term downtrend near the 200-day MA, which would mean the start of a new bull market.</li>
</ul>


Last week we noted the S&amp;P 500 was testing support at 3800-3860 within its downtrend channel and that we were on watch for a potential bear market rally/oversold bounce.
This has officially begun following the break above 4030 on the S&amp;P 500, which was confirmed by bullish reversals on the Russell 2000, Nasdaq 100, DAX, Hang Seng, MCHI, KWEB.
As long as 3858 holds, it is possible the S&amp;P 500 breaks above the longer-term downtrend near the 200-day MA, which would mean the start of a new bull market.


Bear Market Rally With Potential for More; Buy Ideas in Shipping, Land Drilling, Refining, Chemicals

United States

Olin Corporation manufactures chemicals and ammunition products. The Company manufactures and sells chlorine, caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, sodium chlorate, bleach products, and potassium hydroxide. Olin also manufactures products that include sporting ammunition, reloading components, small caliber military ammunition and industrial cartridges.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Olin Corp (OLN US)

Olin Corporation: Leveraging Competitive Asset Base for Market Response Agility! - Major Drivers

Olin Corporation's latest earnings for Q2 2024 reflects a mixed performance amidst challenging market conditions and external disruptions,...

Baptista Research

Olin Corporation: A Story Of A Decent Economic Recovery and Demand Uptick! - Major Drivers

Olin Corporation's Q1 2024 earnings indicated a positive long-term outlook for the company, though there are some elements that investors should...

Baptista Research

Olin Corporation: Initiation Of Coverage - Exploring the 4 Core Influencers of Its Growth Trajectory! - Major Drivers

Olin Corporation, a chemical manufacturing company, recently reported its Fourth Quarter 2023 Earnings and had met its four major targets for the...

Baptista Research

S&P Global Water Index: Market Consultation Driven Potential Changes

S&P DJI's market consultation for the S&P Global Water Index could lead to quite a few changes to the index in October. There are a few potential...

Brian Freitas

Bear Market Rally With Potential for More; Buy Ideas in Shipping, Land Drilling, Refining, Chemicals

With the $SPX reversing topside the 1-month downtrend (at 4030), the bear market rally is underway with the potential for more. Resistance levels:...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)