Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>AI Continues to Grab Investor Interest as Expectations Have It Affecting Nearly Everything AI is in every company now.</li><li>It has been having a major impact on the tech sector for some time, it accelerated in 2024, and is likely to continue driving tech in 2025.</li><li>Every company is now building neutral networks, and this is driving growth in data centers, hardware, and specifically GFP/AI chips. </li></ul>

AI Continues to Grab Investor Interest as Expectations Have It Affecting Nearly Everything AI is in every company now.It has been having a major impact on the tech sector for some time, it accelerated in 2024, and is likely to continue driving tech in 2025.Every company is now building neutral networks, and this is driving growth in data centers, hardware, and specifically GFP/AI chips. 

WTR Small-Cap Spotlight Recap Tech Trends for 2025

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>Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.</li>
<li>Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback <em>again</em>.</li>
<li>We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).</li>
</ul>


Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.
Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback again.
We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).


Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Equity Bottom-Up

<ul>
<li>It has been a relatively quiet week.</li>
<li>Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in Thursday’s Crypto Moves #52.</li>
<li>This was most likely driven by the intense buying pressure from MicroStrategy over the past week.</li>
</ul>


It has been a relatively quiet week.
Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in Thursday’s Crypto Moves #52.
This was most likely driven by the intense buying pressure from MicroStrategy over the past week.


Crypto Crisp: MicroStrategy Continues Its Buying Spree

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.

<ul><li>MicroStrategy's third quarter of 2024 earnings presentation highlighted both substantial achievements and challenges, reflecting its unique position as both a major player in enterprise analytics software and a leader in cryptocurrency investment, specifically in Bitcoin.</li><li>Starting with its cryptocurrency endeavors, MicroStrategy has solidified its stance as the world's largest corporate holder of Bitcoin, holding 252,220 bitcoins valued at approximately $18 billion.</li><li>Throughout the third quarter, the company added 25,889 bitcoins at an average price of $60,839 per unit.</li></ul>

MicroStrategy's third quarter of 2024 earnings presentation highlighted both substantial achievements and challenges, reflecting its unique position as both a major player in enterprise analytics software and a leader in cryptocurrency investment, specifically in Bitcoin.Starting with its cryptocurrency endeavors, MicroStrategy has solidified its stance as the world's largest corporate holder of Bitcoin, holding 252,220 bitcoins valued at approximately $18 billion.Throughout the third quarter, the company added 25,889 bitcoins at an average price of $60,839 per unit.

MicroStrategy Incorporated: Expansion of Financial Instruments & Enhancements in Capital Raising and Preservation Driving Our Bullishness! - Major Drivers

<ul>
<li>In July 2020, MicroStrategy, a US-based business intelligence firm, announced plans to invest $250 million in alternative assets, including Bitcoin, as a means to protect its capital from inflation.</li>
<li>The following month, the company disclosed that it had used the entire amount to acquire 21,454 bitcoins.</li>
<li>MicroStrategy continued building its Bitcoin holdings through the rest of 2020, making three more purchases that brought its year-end total to 70,470 bitcoins.</li>
</ul>


In July 2020, MicroStrategy, a US-based business intelligence firm, announced plans to invest $250 million in alternative assets, including Bitcoin, as a means to protect its capital from inflation.
The following month, the company disclosed that it had used the entire amount to acquire 21,454 bitcoins.
MicroStrategy continued building its Bitcoin holdings through the rest of 2020, making three more purchases that brought its year-end total to 70,470 bitcoins.


Crypto Moves #49 – How Long Can MicroStrategy’s Premium to Bitcoin Last?

United States

Strategy Inc operates a bitcoin treasury company. The Company offers an equity and fixed income instruments to provide investors varying degrees of economic exposure to bitcoin, as well as develops enterprise analytics software to explore improvement in bitcoin applications. Strategy serves customers worldwide.

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Strategy (MSTR US)

WTR Small-Cap Spotlight Recap Tech Trends for 2025

AI Continues to Grab Investor Interest as Expectations Have It Affecting Nearly Everything AI is in every company now. It has been having a major...

Water Tower Research

Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

Buy the Pullback Again, Same as Our Election Day Report; S&P 500 $SPX, Nasdaq 100 $QQQ, Russell 2000 $IWM Testing Confluence of Support at 20-day...

Vermilion Research

Crypto Crisp: MicroStrategy Continues Its Buying Spree

It has been a relatively quiet week. Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in...

Steno Research

MicroStrategy Incorporated: Expansion of Financial Instruments & Enhancements in Capital Raising and Preservation Driving Our Bullishness! - Major Drivers

MicroStrategy's third quarter of 2024 earnings presentation highlighted both substantial achievements and challenges, reflecting its unique...

Baptista Research

Crypto Moves #49 – How Long Can MicroStrategy’s Premium to Bitcoin Last?

In July 2020, MicroStrategy, a US-based business intelligence firm, announced plans to invest $250 million in alternative assets, including...

Steno Research

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