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>Element Solutions Inc's second quarter of 2024 showcased a commendable performance with notable strides in organic growth and margin expansion, reflecting efficient strategic execution despite broader market softness in consumer electronics and industrial segments.</li><li>The company reported a revenue increase of over 20% in their Circuitry Solutions, primarily fuelled by robust demand in high-performance computing, artificial intelligence, electric vehicles, and certain mobile markets.</li><li>This growth was somewhat moderated by weaker demand in power electronics and electronics assembly materials within some electric vehicle sectors.</li></ul>

Element Solutions Inc's second quarter of 2024 showcased a commendable performance with notable strides in organic growth and margin expansion, reflecting efficient strategic execution despite broader market softness in consumer electronics and industrial segments.The company reported a revenue increase of over 20% in their Circuitry Solutions, primarily fuelled by robust demand in high-performance computing, artificial intelligence, electric vehicles, and certain mobile markets.This growth was somewhat moderated by weaker demand in power electronics and electronics assembly materials within some electric vehicle sectors.

Element Solutions Inc: These Are The 4 Biggest Factors Driving Our Optimism! - Major Drivers

<ul><li>Element Solutions Inc reported a positive start to 2024 with its Q1 results reflecting a mixed macroeconomic environment.</li><li>The company saw a modest organic sales growth of 1% year-over year, while the constant currency adjusted EBITDA grew by a robust 17%, demonstrating substantial margin expansion.</li><li>The Electronics segment appeared resilient, benefiting notably from recovery in high-margin semiconductor and circuitry businesses in Asia.</li></ul>

Element Solutions Inc reported a positive start to 2024 with its Q1 results reflecting a mixed macroeconomic environment.The company saw a modest organic sales growth of 1% year-over year, while the constant currency adjusted EBITDA grew by a robust 17%, demonstrating substantial margin expansion.The Electronics segment appeared resilient, benefiting notably from recovery in high-margin semiconductor and circuitry businesses in Asia.

Element Solutions Inc: The Story Behind The Innovative Product Initiatives and Kuprion Integration! - Major Drivers

<ul><li>Element Solutions Inc had an impactful 2023, having improved operations despite a tough external environment.</li><li>The company experienced a single-digit volume decline but managed to maintain stable profitability through pricing adjustments and cost discipline.</li><li>Its EBITDA margin stayed flat, showing Elements' resilience in tough market conditions.</li></ul>

Element Solutions Inc had an impactful 2023, having improved operations despite a tough external environment.The company experienced a single-digit volume decline but managed to maintain stable profitability through pricing adjustments and cost discipline.Its EBITDA margin stayed flat, showing Elements' resilience in tough market conditions.

Element Solutions Inc: Initiation Of Coverage - Increased Potency Of Kuprion Technology In Electronics Can Be A Major Growth Catalyst? - Major Drivers

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

<p>Key points:</p><ul>
<li>Energy names are showing signs of bottoming with the recent uptick in crude, and weakness in the U.S. dollar</li>
<li>REITs are continuing to firm up as rates have plateaued</li>
<li>Biotech stocks are continuing to show leadership characteristics</li>
</ul><p>Charts highlighted: AFI, ODP, SPWH, CVS, KMB, THS, CHK, KMI, RRC, AXS, ESS, KIM, APTS, KRG, REGN, NERV, NSTG, RARX, AYI, CFX, AXL, PAH, FNSR, TRUE, ALK, HA, SAVE, and PEGI</p>

Key points:
Energy names are showing signs of bottoming with the recent uptick in crude, and weakness in the U.S. dollar
REITs are continuing to firm up as rates have plateaued
Biotech stocks are continuing to show leadership characteristics
Charts highlighted: AFI, ODP, SPWH, CVS, KMB, THS, CHK, KMI, RRC, AXS, ESS, KIM, APTS, KRG, REGN, NERV, NSTG, RARX, AYI, CFX, AXL, PAH, FNSR, TRUE, ALK, HA, SAVE, and PEGI

Technically Attractive U.S. Stocks for Value Investors

Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Thematic (Sector/Industry)

<ul><li>It's time to break out the analysis on gold and silver miners</li><li>Some goldminers are trading well below P/B, with potential price moves of +4x just to get back to median P/B levels</li><li>Fed week: watch for dovishness; US GDP watch for a miss. Both of these plus coming up to month end could add to near-term equity bullish sentiment</li><li>Central bank meetings include Japan, New Zealand, South Africa, Russia and Nigeria</li></ul>

It's time to break out the analysis on gold and silver minersSome goldminers are trading well below P/B, with potential price moves of +4x just to get back to median P/B levelsFed week: watch for dovishness; US GDP watch for a miss. Both of these plus coming up to month end could add to near-term equity bullish sentimentCentral bank meetings include Japan, New Zealand, South Africa, Russia and Nigeria

The Macro Take: Get the Picks Out for Gold and Silver Miners

United States

Element Solutions Inc operates as a specialty chemicals company. The Company manufactures and supplies specialty chemicals used by the electronics, metal and plastic plating, graphic arts, and offshore oil production and drilling industries. Element Solutions serves customers worldwide.

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Element Solutions (ESI US)

Element Solutions Inc: These Are The 4 Biggest Factors Driving Our Optimism! - Major Drivers

Element Solutions Inc's second quarter of 2024 showcased a commendable performance with notable strides in organic growth and margin expansion,...

Baptista Research

Element Solutions Inc: The Story Behind The Innovative Product Initiatives and Kuprion Integration! - Major Drivers

Element Solutions Inc reported a positive start to 2024 with its Q1 results reflecting a mixed macroeconomic environment. The company saw a modest...

Baptista Research

Element Solutions Inc: Initiation Of Coverage - Increased Potency Of Kuprion Technology In Electronics Can Be A Major Growth Catalyst? - Major Drivers

Element Solutions Inc had an impactful 2023, having improved operations despite a tough external environment. The company experienced a...

Baptista Research

Technically Attractive U.S. Stocks for Value Investors

Key points: Energy names are showing signs of bottoming with the recent uptick in crude, and weakness in the U.S. dollar REITs are continuing to...

Vermilion Research

The Macro Take: Get the Picks Out for Gold and Silver Miners

It's time to break out the analysis on gold and silver miners Some goldminers are trading well below P/B, with potential price moves of +4x just...

Kay Van-Petersen

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