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>We remain bullish global equities if the major $93 support level on MSCI ACWI (ACWI-US) continues to hold (1+ year base support and the 10.5-month uptrend)</li>
<li>The 10-year Treasury yield remains below 4.35% resistance (a positive), but the DXY is climbing above $103.70-$104.70 resistance, and $105.70 is the last line of defense (9-month resistance).</li>
<li>Japan and India remain top overweights, with many of today's buy recommendations from these countries (Real Estate, Energy, Tech/Services, Discretionary). Also downgrading Taiwan and Greece to market weight.</li>
</ul>


We remain bullish global equities if the major $93 support level on MSCI ACWI (ACWI-US) continues to hold (1+ year base support and the 10.5-month uptrend)
The 10-year Treasury yield remains below 4.35% resistance (a positive), but the DXY is climbing above $103.70-$104.70 resistance, and $105.70 is the last line of defense (9-month resistance).
Japan and India remain top overweights, with many of today's buy recommendations from these countries (Real Estate, Energy, Tech/Services, Discretionary). Also downgrading Taiwan and Greece to market weight.


Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)

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>Sentiment read - Options activity split sharply this week.</li><li>Earnings-driven put buying dominated in EDA software, construction, and biotech.</li><li>On the other side, banks and energy names saw aggressive call buying - several hitting 52-week PCR lows before results.</li></ul>

Sentiment read - Options activity split sharply this week.Earnings-driven put buying dominated in EDA software, construction, and biotech.On the other side, banks and energy names saw aggressive call buying - several hitting 52-week PCR lows before results.

Options Weekly: Earnings Fear and Bullish Bets Dominate Options Week

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>Petrobras, short for Petróleo Brasileiro S.A., recently released its financial results for the first quarter of 2025, set against a challenging backdrop of declining global oil prices.</li><li>A key aspect of the company's strategy involves adapting to these external pressures while maintaining financial sustainability and shareholder returns.</li><li>From the results, Petrobras posted a net income of $6 billion for the quarter, a significant increase from $4 billion in the previous quarter.</li></ul>

Petrobras, short for Petróleo Brasileiro S.A., recently released its financial results for the first quarter of 2025, set against a challenging backdrop of declining global oil prices.A key aspect of the company's strategy involves adapting to these external pressures while maintaining financial sustainability and shareholder returns.From the results, Petrobras posted a net income of $6 billion for the quarter, a significant increase from $4 billion in the previous quarter.

Petrobras: Expansion & Optimization of Key Oil Basins to Maintain Resilience Against Fluctuating Global Oil Prices!

<ul><li>Petróleo Brasileiro S.A., also known as Petrobras, delivered an impressive operational performance in 2024, showing strong cash generation and substantial investment while facing certain external challenges.</li><li>The company's operational cash flow reached an impressive BRL 204 billion, showcasing its capability to generate significant resources and enhance financial robustness.</li><li>Despite global challenges, including a decline in Brent crude prices and a 40% drop in diesel crack spread, Petrobras maintained strong financial health with its financial debt reduced to the lowest level since 2008, at BRL 23 billion.</li></ul>

Petróleo Brasileiro S.A., also known as Petrobras, delivered an impressive operational performance in 2024, showing strong cash generation and substantial investment while facing certain external challenges.The company's operational cash flow reached an impressive BRL 204 billion, showcasing its capability to generate significant resources and enhance financial robustness.Despite global challenges, including a decline in Brent crude prices and a 40% drop in diesel crack spread, Petrobras maintained strong financial health with its financial debt reduced to the lowest level since 2008, at BRL 23 billion.

PBR/A US - Petrobras’ Billion-Dollar Bet: The ‘Dream Field’ That Could Redefine Oil Production!

<ul><li>Petroleo Brasileiro S.A., commonly known as Petrobras, has reported its Q3 2024 results, outlining several key operational and financial highlights.</li><li>On the operational front, Petrobras continues to make significant strides in its exploration and production activities.</li><li>The company has successfully started operations on two FPSOs (Floating Production Storage and Offloading), namely Maria Quitéria and Marechal Duque de Caxias, with further developments expected in the Búzios field through the Almirante Tamandaré FPSO.</li></ul>

Petroleo Brasileiro S.A., commonly known as Petrobras, has reported its Q3 2024 results, outlining several key operational and financial highlights.On the operational front, Petrobras continues to make significant strides in its exploration and production activities.The company has successfully started operations on two FPSOs (Floating Production Storage and Offloading), namely Maria Quitéria and Marechal Duque de Caxias, with further developments expected in the Búzios field through the Almirante Tamandaré FPSO.

Petrobras: Revolutionizes Leasing Strategy with Bold Cash Flow Neutrality Move – Here’s what It Means for Investors! - Major Drivers

Brazil

Petrobras is a Brazilian state-owned multinational corporation focused on the petroleum industry, including exploration, production, refining, and distribution of oil, natural gas, and energy. The company is a major producer in deep and ultra-deepwater oil fields, particularly in Brazil's pre-salt region. Headquartered in Rio de Janeiro, Brazil, the company was founded in 1953.

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Petrobras (PBR/A US)

Remain Overweight Japan and India; Key Supports Holding; Buys in Energy, Tech/Services (India)

We remain bullish on global equities as long as major $93 support on $ACWI continues to hold (1+ year base support and the 10.5-month uptrend)....

Vermilion Research

Options Weekly: Earnings Fear and Bullish Bets Dominate Options Week

Sentiment read - Options activity split sharply this week. Earnings-driven put buying dominated in EDA software, construction, and biotech. On the...

ORTEX Market Intel

Petrobras: Expansion & Optimization of Key Oil Basins to Maintain Resilience Against Fluctuating Global Oil Prices!

Petrobras, short for Petróleo Brasileiro S.A., recently released its financial results for the first quarter of 2025, set against a challenging...

Baptista Research

PBR/A US - Petrobras’ Billion-Dollar Bet: The ‘Dream Field’ That Could Redefine Oil Production!

Petróleo Brasileiro S.A., also known as Petrobras, delivered an impressive operational performance in 2024, showing strong cash generation and...

Baptista Research

Petrobras: Revolutionizes Leasing Strategy with Bold Cash Flow Neutrality Move – Here’s what It Means for Investors! - Major Drivers

Petroleo Brasileiro S.A., commonly known as Petrobras, has reported its Q3 2024 results, outlining several key operational and financial...

Baptista Research

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