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

Spectrum Brands Holdings, Inc / Equity Bottom-Up

<ul><li>Spectrum Brands Holdings reported a challenging but operationally resilient fiscal year, characterized by tariff headwinds, supply chain disruptions, and category softness across several of its core businesses.</li><li>The company’s performance reflected both the negative effects of macroeconomic volatility and management’s efforts to stabilize operations, reduce costs, and strengthen the balance sheet.</li><li>Net sales declined 5.2% for the year, primarily due to supply shortages caused by a temporary six-to-eight-week pause on shipments from China during peak tariff periods, as well as weak consumer demand in Global Pet Care and Home & Personal Care.</li></ul>

Spectrum Brands Holdings reported a challenging but operationally resilient fiscal year, characterized by tariff headwinds, supply chain disruptions, and category softness across several of its core businesses.The company’s performance reflected both the negative effects of macroeconomic volatility and management’s efforts to stabilize operations, reduce costs, and strengthen the balance sheet.Net sales declined 5.2% for the year, primarily due to supply shortages caused by a temporary six-to-eight-week pause on shipments from China during peak tariff periods, as well as weak consumer demand in Global Pet Care and Home & Personal Care.

Spectrum Brands Holdings: A Deep Dive Into Margin Sustainability

<ul><li>Spectrum Brands Holdings' second-quarter fiscal 2025 results reflect a challenging environment influenced by global economic uncertainties, tariff escalations, and softening consumer sentiment.</li><li>The company reported a 6% decline in net sales, with organic net sales decreasing by 4.6% after adjusting for unfavorable foreign exchange impacts.</li><li>This decline was primarily attributed to decreased sales in the North American market across its Global Pet Care and Home & Personal Care segments, as well as timing issues regarding retailer inventory builds in the Home & Garden unit.</li></ul>

Spectrum Brands Holdings' second-quarter fiscal 2025 results reflect a challenging environment influenced by global economic uncertainties, tariff escalations, and softening consumer sentiment.The company reported a 6% decline in net sales, with organic net sales decreasing by 4.6% after adjusting for unfavorable foreign exchange impacts.This decline was primarily attributed to decreased sales in the North American market across its Global Pet Care and Home & Personal Care segments, as well as timing issues regarding retailer inventory builds in the Home & Garden unit.

Spectrum Brands Holdings: Diversification of Product Lines & Introduction of Innovations to Maintain Relevance & Capture New Market Opportunities!

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

Financial Select Sector SPDR F / Technical Analysis

<ul>
<li>We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold. With that said, we continue to see deterioration...</li>
<li>...in market dynamics that has us concerned of a deeper pullback, potentially to 6720-6776, 6690, or 6480-6520 on SPX, but 6780-6824 support would need to break first</li>
<li>Financials (XLF) and Discretionary (XLY) are violating crucial price and RS supports, and we are downgrading both Sectors to underweight</li>
</ul>


We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold. With that said, we continue to see deterioration...
...in market dynamics that has us concerned of a deeper pullback, potentially to 6720-6776, 6690, or 6480-6520 on SPX, but 6780-6824 support would need to break first
Financials (XLF) and Discretionary (XLY) are violating crucial price and RS supports, and we are downgrading both Sectors to underweight


Defensives Still Leading; Deeper Pullback?; Downgrading Financials and Discretionary to Underweight

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems with antibiotic resistance due to misuse should be taken seriously.

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems with antibiotic resistance due to misuse should be taken seriously.

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

In this review, we highlight 5 Thai stocks that could potentially do well in the Donald December 2016, the last Christmas Obama will get to celebrate from the White House. In terms of updates, we collected news and snippets from NY Times and other publications about who the potential Trump cabinet could include in 2017. Honestly, the actual composition of the Cabinet is unlikely to have much impact on Thai equities, but MCorp Review has followed the US elections for so long it makes sense to go…

In this review, we highlight 5 Thai stocks that could potentially do well in the Donald December 2016, the last Christmas Obama will get to celebrate from the White House. In terms of updates, we collected news and snippets from NY Times and other publications about who the potential Trump cabinet could include in 2017. Honestly, the actual composition of the Cabinet is unlikely to have much impact on Thai equities, but MCorp Review has followed the US elections for so long it makes sense to go…

United States

Spectrum Brands Holdings, Inc. is a global and diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders' hardware, faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents.

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Spectrum Brands Holdings, Inc (SPB US)

Spectrum Brands Holdings: A Deep Dive Into Margin Sustainability

Spectrum Brands Holdings reported a challenging but operationally resilient fiscal year, characterized by tariff headwinds, supply chain...

Baptista Research

Spectrum Brands Holdings: Diversification of Product Lines & Introduction of Innovations to Maintain Relevance & Capture New Market Opportunities!

Spectrum Brands Holdings' second-quarter fiscal 2025 results reflect a challenging environment influenced by global economic uncertainties, tariff...

Baptista Research

Defensives Still Leading; Deeper Pullback?; Downgrading Financials and Discretionary to Underweight

Defensives Still Leading; Deeper Pullback Coming?; Downgrading Financials $XLF and Discretionary $XLY $XRT to Underweight. Crucial support levels...

Vermilion Research

Issues Raised by WH Group and US Pork

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems...

Bixmoor

5 Stock Picks for Santa Trump

In this review, we highlight 5 Thai stocks that could potentially do well in the Donald December 2016, the last Christmas Obama will get to...

Athaporn Arayasantiparb, CFA

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