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>As discussed for two weeks, we see more and more signs leading us to believe SPX made a major bottom at 4800-4820, which was expected support from our 4/8/25 Compass.</li>
<li>We have been short-term bullish since our 4/22/25 Compass -- when the SPX was testing 5100-5120 support -- but now we are upgrading our intermediate-term outlook to bullish as well.</li>
<li>Our short- and intermediate-term outlook will remain bullish as long as the SPX is above 5500</li>
</ul>


As discussed for two weeks, we see more and more signs leading us to believe SPX made a major bottom at 4800-4820, which was expected support from our 4/8/25 Compass.
We have been short-term bullish since our 4/22/25 Compass -- when the SPX was testing 5100-5120 support -- but now we are upgrading our intermediate-term outlook to bullish as well.
Our short- and intermediate-term outlook will remain bullish as long as the SPX is above 5500


Lockout Rally Continues; Still Short-Term Bullish on SPX, Now Upgrading I.T. Outlook to Bullish Also

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>Pegasystems Inc., a leading software company known for its advanced business process management and customer relationship management applications, delivered a robust earnings report for the third quarter of 2024.</li><li>The company has shown significant strides in both growth metrics and strategic advancements, particularly in its AI-powered solutions, which continue to reshape its market engagement and client relationships.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Pegasystems Inc., a leading software company known for its advanced business process management and customer relationship management applications, delivered a robust earnings report for the third quarter of 2024.The company has shown significant strides in both growth metrics and strategic advancements, particularly in its AI-powered solutions, which continue to reshape its market engagement and client relationships.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Pegasystems Inc.:  Expanding Total Addressable Market with GenAI Blueprint & Automation Trends! - Major Drivers

<ul><li>Pegasystems has positioned itself robustly in the first quarter of 2024 by leveraging its advanced Gen AI technologies and cloud-based solutions.</li><li>The company's strategy to enhance client engagement and optimize business outcomes using Gen AI has shown promising results, with CEO Alan Trefler expressing notable optimism regarding the long-term potential of this technology.</li><li>The positive notes from Pegasystems' quarter include the strengthening of Pega Cloud, which roughly approached $600 million in Annual Contract Value (ACV).</li></ul>

Pegasystems has positioned itself robustly in the first quarter of 2024 by leveraging its advanced Gen AI technologies and cloud-based solutions.The company's strategy to enhance client engagement and optimize business outcomes using Gen AI has shown promising results, with CEO Alan Trefler expressing notable optimism regarding the long-term potential of this technology.The positive notes from Pegasystems' quarter include the strengthening of Pega Cloud, which roughly approached $600 million in Annual Contract Value (ACV).

Pegasystems Inc.: Cloud migration and Continuous Improvement in Pega Cloud & Major Drivers

<ul><li>Pegasystems Inc. has noted robust cash flow growth and value delivered to its clients in Q4 of 2023.</li><li>The company has adopted a new go-to-market strategy that has been received well by the team, leading to strong customer relationships.</li><li>The company has focused on AI utilization to introduce industry-changing technologies, which has resulted in increased growth and cash flow.</li></ul>

Pegasystems Inc. has noted robust cash flow growth and value delivered to its clients in Q4 of 2023.The company has adopted a new go-to-market strategy that has been received well by the team, leading to strong customer relationships.The company has focused on AI utilization to introduce industry-changing technologies, which has resulted in increased growth and cash flow.

<ul><li>Pegasystems Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Despite macroeconomic difficulties, Q3 saw commendable performance, driven notably by EMEA and financial services clients, resulting in a 12% year-over-year growth in ACV.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Pegasystems Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.Despite macroeconomic difficulties, Q3 saw commendable performance, driven notably by EMEA and financial services clients, resulting in a 12% year-over-year growth in ACV.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Pegasystems Inc.: Balancing Growth with a Lucrative Free Cash Flow! - Major Drivers

United States

Pegasystems Inc. develops customer relationship management software.  The software automates customer interactions across transaction-intensive enterprises. The Company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries.

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Pegasystems Inc (PEGA US)

Lockout Rally Continues; Still Short-Term Bullish on SPX, Now Upgrading I.T. Outlook to Bullish Also

Lockout Rally Continues; Still Short-Term Bullish on $SPX, Now Also Upgrading Intermediate-Term Outlook to Bullish; Upgrading Technology $XLK $SMH...

Vermilion Research

Pegasystems Inc.: Expanding Total Addressable Market with GenAI Blueprint & Automation Trends! - Major Drivers

Pegasystems Inc., a leading software company known for its advanced business process management and customer relationship management applications,...

Baptista Research

Pegasystems Inc.: Cloud migration and Continuous Improvement in Pega Cloud & Major Drivers

Pegasystems has positioned itself robustly in the first quarter of 2024 by leveraging its advanced Gen AI technologies and cloud-based...

Baptista Research

Pegasystems Inc: Generative AI

Pegasystems Inc. has noted robust cash flow growth and value delivered to its clients in Q4 of 2023. The company has adopted a new go-to-market...

Baptista Research

Pegasystems Inc.: Balancing Growth with a Lucrative Free Cash Flow! - Major Drivers

Pegasystems Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street. Despite macroeconomic difficulties, Q3...

Baptista Research

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