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>We continue to believe the path of least resistance is higher for the major equity indexes, which has been our stance since our 5/30/23 ETF Pathfinder.</li>
<li>Beginning with our 7/18/23 Compass, we discussed our expectation for major 1+ year breakouts on the equal-weighted S&amp;P 500 (RSP), Dow, and Russell 2000 (IWM). </li>
<li>The breakouts happened later that day on the <a href="https://www.smartkarma.com/entities/invesco-s-p-500-equal-weight-e" target="_blank" data-smartkarma-citation="entities:32932:1" rel="noopener">RSP</a> and Dow (above $153 and 34,280, respectively), and the <a href="https://www.smartkarma.com/entities/ishares-russell-2000-etf" target="_blank" data-smartkarma-citation="entities:32964:1" rel="noopener">IWM</a> is now on the cusp of breaking out above $199.</li>
</ul>


We continue to believe the path of least resistance is higher for the major equity indexes, which has been our stance since our 5/30/23 ETF Pathfinder.
Beginning with our 7/18/23 Compass, we discussed our expectation for major 1+ year breakouts on the equal-weighted S&amp;P 500 (RSP), Dow, and Russell 2000 (IWM). 
The breakouts happened later that day on the RSP and Dow (above $153 and 34,280, respectively), and the IWM is now on the cusp of breaking out above $199.


Expecting Russell 2000 (IWM) Breakout Above $199; Highlighting Buys in Energy

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

Pioneer Natural Resources / Equity Bottom-Up

<ul><li>Pioneer Natural Resources delivered a mixed set of results in the last quarter.</li><li>Pioneer has formed the largest contiguous acreage position in the Midland Basin with its persistent focus on the Permian Basin.</li><li>We give Pioneer Natural Resources Company a 'Hold' rating with a revised target price.</li></ul>

Pioneer Natural Resources delivered a mixed set of results in the last quarter.Pioneer has formed the largest contiguous acreage position in the Midland Basin with its persistent focus on the Permian Basin.We give Pioneer Natural Resources Company a 'Hold' rating with a revised target price.

Pioneer Natural Resources Company: Making A Real Killing In The Permian Basin – Key Drivers

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Exxon Mobil is about to report its Q1 2023 results, investors should keep their long-term view and dismiss any quarterly noise.</li>
<li>Management is now becoming increasingly aggressive in its expansion efforts and should provide more information on that during the quarter.</li>
<li>If you bought Exxon Mobil Corporation (<span class="ticker-hover-wrapper">NYSE:XOM</span>) back in 2020 when I laid out my investment thesis on the company, then most likely you wouldn't be bothered by the quarterly fluctuations of the stock.</li>
</ul>


Exxon Mobil is about to report its Q1 2023 results, investors should keep their long-term view and dismiss any quarterly noise.
Management is now becoming increasingly aggressive in its expansion efforts and should provide more information on that during the quarter.
If you bought Exxon Mobil Corporation (NYSE:XOM) back in 2020 when I laid out my investment thesis on the company, then most likely you wouldn't be bothered by the quarterly fluctuations of the stock.


A Pivotal Moment In Exxon Mobil's Quarterly Results

<ul><li>Pioneer Natural Resources Company delivered a mixed set of results in the last quarter with revenues falling short of analyst expectations.</li><li>The peer-leading free cash flow of Pioneer per BOE is supported by strong margins.</li><li>We give Pioneer Natural Resources Company a 'Buy' rating with a revised target price.</li></ul>

Pioneer Natural Resources Company delivered a mixed set of results in the last quarter with revenues falling short of analyst expectations.The peer-leading free cash flow of Pioneer per BOE is supported by strong margins.We give Pioneer Natural Resources Company a 'Buy' rating with a revised target price.

Pioneer Natural Resources Company: Major Drivers

<ul><li>Pioneer Natural Resources’ stock has been climbing as its results are approaching.</li><li>Pioneer, along with ConocoPhillips and Devon, join OGMP2.0 with a commitment to increased transparency and leading Methane Performance in Emissions Reporting.</li><li>Overall, we provide the stock of Pioneer Natural Resources with an ‘Underperform’ rating and a revision in the target price.</li></ul>

Pioneer Natural Resources’ stock has been climbing as its results are approaching.Pioneer, along with ConocoPhillips and Devon, join OGMP2.0 with a commitment to increased transparency and leading Methane Performance in Emissions Reporting.Overall, we provide the stock of Pioneer Natural Resources with an ‘Underperform’ rating and a revision in the target price.

Pioneer Natural Resources: Methane Emissions Reporting Initiative & Other Developments

United States

Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The Company engages in onshore oil and gas drilling, exploration and production in the United States.

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Pioneer Natural Resources (PXD US)

Expecting Russell 2000 (IWM) Breakout Above $199; Highlighting Buys in Energy

Expecting Russell 2000 $IWM Breakout Above $199; Many Reasons to be Bullish; $DXY and Treasury Yields $TNX $TYX Remain Below Resistance;...

Vermilion Research

Pioneer Natural Resources Company: Making A Real Killing In The Permian Basin – Key Drivers

Pioneer Natural Resources delivered a mixed set of results in the last quarter. Pioneer has formed the largest contiguous acreage position in the...

Baptista Research

A Pivotal Moment In Exxon Mobil's Quarterly Results

Exxon Mobil is about to report its Q1 2023 results, investors should keep their long-term view and dismiss any quarterly noise.

Vladimir Dimitrov, CFA

Pioneer Natural Resources Company: Major Drivers

Pioneer Natural Resources Company delivered a mixed set of results in the last quarter with revenues falling short of analyst expectations. The...

Baptista Research

Pioneer Natural Resources: Methane Emissions Reporting Initiative & Other Developments

Pioneer Natural Resources’ stock has been climbing as its results are approaching. Pioneer, along with ConocoPhillips and Devon, join OGMP2.0 with...

Baptista Research

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