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.

Credit

<ul><li>The phenomenal bull run of crude oil prices, the strong outlook for 2022 by the U.S.</li><li>EIA, and the current geopolitical situation is bound to result in a strong rebound in oilfield services demand benefitting Schlumberger.</li><li>Its 2021 was characterized by wide-based activity growth with an accretive offshore market and a continued acceleration in international markets.</li></ul>

The phenomenal bull run of crude oil prices, the strong outlook for 2022 by the U.S.EIA, and the current geopolitical situation is bound to result in a strong rebound in oilfield services demand benefitting Schlumberger.Its 2021 was characterized by wide-based activity growth with an accretive offshore market and a continued acceleration in international markets.

Schlumberger NV: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Capital Markets

Schlumberger Ltd / Equity Capital Markets

<ul><li>The year 2021 was characterized by wide-based activity growth for Schlumberger.</li><li>With an accretive offshore market and a continued acceleration in international markets, the company brought strong sequential revenue growth and an outstanding double-digit generation of free cash flow.</li><li>Schlumberger has increased confidence in strong multi-year market growth.</li></ul>

The year 2021 was characterized by wide-based activity growth for Schlumberger.With an accretive offshore market and a continued acceleration in international markets, the company brought strong sequential revenue growth and an outstanding double-digit generation of free cash flow.Schlumberger has increased confidence in strong multi-year market growth.

Schlumberger NV: Financial & Price Forecasts, DCF Valuation, ESG & Other Risks (04/22)

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>The short-term bullish reversal discussed last week is officially underway now that the S&amp;P 500 has reclaimed its 200-day MA, but we are not yet out of the woods.</li>
<li>We discuss what we are watching to determine whether this is just an oversold bounce that resolves lower, or if the S&amp;P 500 is headed back to all-time highs.</li>
<li>The prior two trading days appears to be the start of a short-term mean reversion, where beaten down growth areas (ARKK, software, biotech, etc.) are outperforming.</li>
</ul>


The short-term bullish reversal discussed last week is officially underway now that the S&amp;P 500 has reclaimed its 200-day MA, but we are not yet out of the woods.
We discuss what we are watching to determine whether this is just an oversold bounce that resolves lower, or if the S&amp;P 500 is headed back to all-time highs.
The prior two trading days appears to be the start of a short-term mean reversion, where beaten down growth areas (ARKK, software, biotech, etc.) are outperforming.


Not Out Of The Woods; SPX Back Above The 200-Day MA; Growth Catching A Bid; Buying Energy, Biotech

US Treasury (10 Yr Generic) / Technical Analysis

<ul>
<li>The market continues to send a mix of risk-on and risk-off signals, though most of the risk-on signals are centered around value Sectors.</li>
<li>Value Sectors such as Energy, Financials, Manufacturing/Industrials, and Materials are currently our favorite areas for investment, and also Consumer Staples.</li>
<li>Some of our big picture supports are being violated, including the Russell MicroCaps (IWC) which is breaking below $134 as the Russell 2000 (IWM) tests support at $207.50-$208.</li>
</ul>


The market continues to send a mix of risk-on and risk-off signals, though most of the risk-on signals are centered around value Sectors.
Value Sectors such as Energy, Financials, Manufacturing/Industrials, and Materials are currently our favorite areas for investment, and also Consumer Staples.
Some of our big picture supports are being violated, including the Russell MicroCaps (IWC) which is breaking below $134 as the Russell 2000 (IWM) tests support at $207.50-$208.


U.S. Equity Strategy: Market Sending Mixed Signals; Stick With Value; Energy Stocks Highlighted

<ul><li>Crude oil prices have had an excellent bull run for the past few quarters but the situation might change.</li><li>The shortage of natural gas and coal resulted an increasing demand for crude oil and resulted in a sure in the demand after the impact of the Covid-19 pandemic but the rising cases in Europe could result in waning demand and possible oversupply.</li><li>Schlumberger has capitalized on the rising oil prices and increased exploration activity and delivered a string of good results.</li></ul>

Crude oil prices have had an excellent bull run for the past few quarters but the situation might change.The shortage of natural gas and coal resulted an increasing demand for crude oil and resulted in a sure in the demand after the impact of the Covid-19 pandemic but the rising cases in Europe could result in waning demand and possible oversupply.Schlumberger has capitalized on the rising oil prices and increased exploration activity and delivered a string of good results.

Schlumberger Ltd - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 11/21

United States

Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

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Schlumberger Ltd (SLB US)

Schlumberger NV: Detailed Credit Analysis & Financial Strength Evaluation Report

The phenomenal bull run of crude oil prices, the strong outlook for 2022 by the U.S. EIA, and the current geopolitical situation is bound to...

Baptista Research

Schlumberger NV: Financial & Price Forecasts, DCF Valuation, ESG & Other Risks (04/22)

The year 2021 was characterized by wide-based activity growth for Schlumberger. With an accretive offshore market and a continued acceleration in...

Baptista Research

Not Out Of The Woods; SPX Back Above The 200-Day MA; Growth Catching A Bid; Buying Energy, Biotech

The short-term bullish reversal that we referenced last week is officially underway now that the S&P 500 has reclaimed its 200-day MA, but we are...

Vermilion Research

U.S. Equity Strategy: Market Sending Mixed Signals; Stick With Value; Energy Stocks Highlighted

The market continues to send mixed signals, though most of the risk-on signals are centered around value Sectors such as Energy, Financials,...

Vermilion Research

Schlumberger Ltd - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 11/21

Crude oil prices have had an excellent bull run for the past few quarters but the situation might change. The shortage of natural gas and coal...

Baptista Research

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