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>Skechers delivered a good financial performance for the quarter, outperforming Wall Street expectations in terms of both its top and bottom lines.</li><li>Additionally, Skechers made great strides in controlling its inventory levels, which fell 17% from the previous quarter.</li><li>Furthermore, the company introduced its Skechers Plus loyalty program in Canada, the UK, Germany, and Spain during the first quarter.</li></ul>

Skechers delivered a good financial performance for the quarter, outperforming Wall Street expectations in terms of both its top and bottom lines.Additionally, Skechers made great strides in controlling its inventory levels, which fell 17% from the previous quarter.Furthermore, the company introduced its Skechers Plus loyalty program in Canada, the UK, Germany, and Spain during the first quarter.

Skechers U.S.A. Inc.: Acquisition Of Sports Connection Holding & Other Drivers

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>When considering future investment opportunities, the renewable energy transition continues to be an exciting space to investors given its enormous potential total addressable market coupled with climate change legislation that is acting as a tailwind in virtually every G-20 country.</li><li>Almost every month, there continues to be a steady drumbeat of new rules issued locally and across the globe which results in faster timelines to transition to battery storage and other clean energy as well as tighter restrictions to ultimately phase out traditional gas powered transportation and coal power.</li><li>For example, while California has already passed rules requiring all new cars, pickup trucks and SUVs sold to be electric or hydrogen by 2035, California approved rules last week which will require all new medium heavy-duty truck and bus sales sold in the state in 2036 to be zero-emission</li></ul>

When considering future investment opportunities, the renewable energy transition continues to be an exciting space to investors given its enormous potential total addressable market coupled with climate change legislation that is acting as a tailwind in virtually every G-20 country.Almost every month, there continues to be a steady drumbeat of new rules issued locally and across the globe which results in faster timelines to transition to battery storage and other clean energy as well as tighter restrictions to ultimately phase out traditional gas powered transportation and coal power.For example, while California has already passed rules requiring all new cars, pickup trucks and SUVs sold to be electric or hydrogen by 2035, California approved rules last week which will require all new medium heavy-duty truck and bus sales sold in the state in 2036 to be zero-emission

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

VanEck Gold Miners ETF/USA / Technical Analysis

<ul>
<li>The SPX made a high of 4169 last week, tagging our 4165-4200 resistance range. We still believe 4165-4200 will cap upside in 2023, with a reach to 4300-4325 also possible.</li>
<li>Considering limited upside in both scenarios, and with the seasonably weaker "sell in May and go away" period approaching, we continue to recommend higher allocations to defensives</li>
<li>This includes Utilities (XLU, RYU), Consumer Staples (XLP), Health Care (XLV, PPH), and gold miners (GDX).</li>
</ul>


The SPX made a high of 4169 last week, tagging our 4165-4200 resistance range. We still believe 4165-4200 will cap upside in 2023, with a reach to 4300-4325 also possible.
Considering limited upside in both scenarios, and with the seasonably weaker "sell in May and go away" period approaching, we continue to recommend higher allocations to defensives
This includes Utilities (XLU, RYU), Consumer Staples (XLP), Health Care (XLV, PPH), and gold miners (GDX).


"Sell in May" Another Reason to Be Defensive; Value to Lead?; Buys in Medical Devices, Footwear

<ul><li>Skechers had a solid result in the last quarter, reaching $7.4 billion in sales annually, an astounding rise of over $1.1 billion year over year, driven by worldwide expansion across all channels.</li><li>Sales in the Americas increased 22% year over year in the fourth quarter to $925.6 million, driven by double-digit growth in every channel.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Skechers had a solid result in the last quarter, reaching $7.4 billion in sales annually, an astounding rise of over $1.1 billion year over year, driven by worldwide expansion across all channels.Sales in the Americas increased 22% year over year in the fourth quarter to $925.6 million, driven by double-digit growth in every channel.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Skechers Inc.: Key Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (02/23)

<ul><li>With the Skechers results just around the corner, it would be interesting to see how the company has performed in the previous quarter.</li><li>Last quarter, the company set a new quarterly sales record of $1.88 billion which was well above Wall Street expectations.</li><li>Its direct-to-consumer and wholesale businesses experienced double-digit growth given the strength in their retail stores and digital platforms.</li></ul>

With the Skechers results just around the corner, it would be interesting to see how the company has performed in the previous quarter.Last quarter, the company set a new quarterly sales record of $1.88 billion which was well above Wall Street expectations.Its direct-to-consumer and wholesale businesses experienced double-digit growth given the strength in their retail stores and digital platforms.

United States

Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged, and lifestyle footwear for men, women, and children.  The Company sells its products to department stores and specialty retailers.  Skechers also sells its products internationally through distributors and directly to consumers through its own retail stores.

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Skechers Usa Inc Cl A (SKX US)

Skechers U.S.A. Inc.: Acquisition Of Sports Connection Holding & Other Drivers

Skechers delivered a good financial performance for the quarter, outperforming Wall Street expectations in terms of both its top and bottom...

Baptista Research

Weekly Stock Bullfinder - Week of 5/1

When considering future investment opportunities, the renewable energy transition continues to be an exciting space to investors given its enormous...

Weekly Stock Bull Finder

"Sell in May" Another Reason to Be Defensive; Value to Lead?; Buys in Medical Devices, Footwear

"Sell in May" Another Reason to Be Defensive; Value Poised to Outperform?; Watching Semiconductors $SOXX $XSD and Banks $KRE $KBE for breakage....

Vermilion Research

Skechers Inc.: Key Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (02/23)

Skechers had a solid result in the last quarter, reaching $7.4 billion in sales annually, an astounding rise of over $1.1 billion year over year,...

Baptista Research

Skechers USA Inc: Major Drivers

With the Skechers results just around the corner, it would be interesting to see how the company has performed in the previous quarter. Last...

Baptista Research

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