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 last week's Compass (Aug. 23) we discussed the increasing odds for a deeper pullback in the broad market indexes.</li>
<li>This was due to 5-week uptrend breaks on the SPX, NDX, and Russell 2000, the Fed tightening, and with Treasury yields, the U.S. dollar (DXY), and commodities (DJP) inflecting higher.</li>
<li>The market remains in pullback mode; the SPX, NDX, and Russell 2000 are all approaching 50-day MA support, the first big area of interest on this pullback.</li>
</ul>


In last week's Compass (Aug. 23) we discussed the increasing odds for a deeper pullback in the broad market indexes.
This was due to 5-week uptrend breaks on the SPX, NDX, and Russell 2000, the Fed tightening, and with Treasury yields, the U.S. dollar (DXY), and commodities (DJP) inflecting higher.
The market remains in pullback mode; the SPX, NDX, and Russell 2000 are all approaching 50-day MA support, the first big area of interest on this pullback.


Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar

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>PepsiCo reported a decent result in the quarter as the business momentum continued in spite of ongoing geopolitical and macroeconomic volatility and greater levels of inflation over the markets.</li><li>The company delivered an all-aroubd beat driven by organic revenue growth of double digits in the quarter.</li><li>We provide the stock of PepsiCo with a ‘Hold’ rating with a revision in the target price.</li></ul>

PepsiCo reported a decent result in the quarter as the business momentum continued in spite of ongoing geopolitical and macroeconomic volatility and greater levels of inflation over the markets.The company delivered an all-aroubd beat driven by organic revenue growth of double digits in the quarter.We provide the stock of PepsiCo with a ‘Hold’ rating with a revision in the target price.

PepsiCo Inc: Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (08/22)

Credit

<ul><li>PepsiCo delivered a strong top-line result and a growth of 8% in organic sales.</li><li>The performance of the business was driven by both its food and beverages categories.</li><li>The company has emerged with huge momentum in the business as well in the top-line with the supply chain managed well despite various headwinds.</li></ul>

PepsiCo delivered a strong top-line result and a growth of 8% in organic sales.The performance of the business was driven by both its food and beverages categories.The company has emerged with huge momentum in the business as well in the top-line with the supply chain managed well despite various headwinds.

PepsiCo Inc.: Financial & Price Forecasts

<ul><li>Despite geopolitical pressures, PepsiCo appears to be set for a relatively stable 2022 ahead which is expected to be driven by a decent performance in both, its convenient foods and beverages categories.</li><li>Based on our credit analysis, the company merits a Credit Evaluation Score of Aα with a stable outlook and as per our Financial Strength Indicator, its performance is 4.14/ 5.</li><li>Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.</li></ul>

Despite geopolitical pressures, PepsiCo appears to be set for a relatively stable 2022 ahead which is expected to be driven by a decent performance in both, its convenient foods and beverages categories.Based on our credit analysis, the company merits a Credit Evaluation Score of Aα with a stable outlook and as per our Financial Strength Indicator, its performance is 4.14/ 5.Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

PepsiCo Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>PepsiCo had a decent fourth quarterly result and appears to be set for a relatively stable 2022 ahead backed by the decent performance of both, it’s convenient foods and beverages categories.</li><li>Moreover, PepsiCo is seeing growth in Rockstar both in areas where it's more developed, such as areas of the country, and in new areas, where the distribution system is making a difference.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

PepsiCo had a decent fourth quarterly result and appears to be set for a relatively stable 2022 ahead backed by the decent performance of both, it’s convenient foods and beverages categories.Moreover, PepsiCo is seeing growth in Rockstar both in areas where it's more developed, such as areas of the country, and in new areas, where the distribution system is making a difference.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

United States

PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufactures or uses contract manufacturers, markets and sells a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

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Pepsico Inc (PEP US)

Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar

We still see the market as being in pullback mode; the $SPX, $QQQ $NDX, and $IWM $RUT are all testing 50-day MA support, the first big area of...

Vermilion Research

PepsiCo Inc: Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (08/22)

PepsiCo reported a decent result in the quarter as the business momentum continued in spite of ongoing geopolitical and macroeconomic volatility...

Baptista Research

PepsiCo Inc.: Financial & Price Forecasts

PepsiCo delivered a strong top-line result and a growth of 8% in organic sales. The performance of the business was driven by both its food and...

Baptista Research

PepsiCo Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Despite geopolitical pressures, PepsiCo appears to be set for a relatively stable 2022 ahead which is expected to be driven by a decent...

Baptista Research

PepsiCo Inc.: Financial & Price Forecasts

PepsiCo had a decent fourth quarterly result and appears to be set for a relatively stable 2022 ahead backed by the decent performance of both,...

Baptista Research

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