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>Sun Life Financial's third-quarter 2024 results reflect a strong performance, aligning with its medium-term objectives and showcasing efficiency in capital management and growth across key business areas.</li><li>The company reported an earnings per share (EPS) of $1.76, marking an 11% increase compared to the previous year, surpassing its medium-term growth target of 8%-10%.</li><li>Underlying and reported earnings both exceeded $1 billion.</li></ul>

Sun Life Financial's third-quarter 2024 results reflect a strong performance, aligning with its medium-term objectives and showcasing efficiency in capital management and growth across key business areas.The company reported an earnings per share (EPS) of $1.76, marking an 11% increase compared to the previous year, surpassing its medium-term growth target of 8%-10%.Underlying and reported earnings both exceeded $1 billion.

Sun Life Financial: The Stop-Loss Business Pricing Optimization & Other 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

<ul>
<li>The S&amp;P 500 (SPX) is back to test YTD highs and important resistance in the 5670-5783 range. This is an important target/resistance area we have discussed for weeks.</li>
<li>Using the 2007 SPX topping analog suggests a 2% or less move above the prior all-time high set in July at 5670 before topping, which gives the 5783 number.</li>
<li>As long as SPX does not have a weekly close above 5783 we continue to recommend reducing risk and shifting to defensives,and this is the ideal time to do so.</li>
</ul>


The S&amp;P 500 (SPX) is back to test YTD highs and important resistance in the 5670-5783 range. This is an important target/resistance area we have discussed for weeks.
Using the 2007 SPX topping analog suggests a 2% or less move above the prior all-time high set in July at 5670 before topping, which gives the 5783 number.
As long as SPX does not have a weekly close above 5783 we continue to recommend reducing risk and shifting to defensives,and this is the ideal time to do so.


SPX Testing Resistance as Rate Cut Cycle Begins; SPX 5670-5783 Is Resistance, 2007 Analog on Track

<ul><li>Sun Life Financial reported a robust second quarter in 2024, characterized by a diverse portfolio and various strategic initiatives underpinned by a solid financial foundation.</li><li>The company announced a second-quarter underlying net income of $1 billion, up 9% year-over-year.</li><li>This outcome demonstrates its capacity to leverage its diversified business model effectively, benefiting notably from strong individual protection sales in Canada and Asia and consistent performance in the U.S. Group Benefits sector.</li></ul>

Sun Life Financial reported a robust second quarter in 2024, characterized by a diverse portfolio and various strategic initiatives underpinned by a solid financial foundation.The company announced a second-quarter underlying net income of $1 billion, up 9% year-over-year.This outcome demonstrates its capacity to leverage its diversified business model effectively, benefiting notably from strong individual protection sales in Canada and Asia and consistent performance in the U.S. Group Benefits sector.

Sun Life Financial Inc.: Does It Have A Sustainable Competitive Advantage? - Major Drivers

<ul><li>Sun Life Financial's first quarter of 2024 delivered mixed financial outcomes, indicative of diverse operational strengths and challenges across its array of business lines and geographical areas.</li><li>The company's broad diversification strategy remains a fundamental pillar, helping to absorb regional and segment-specific volatilities.</li><li>On the positive spectrum, the company witnessed a robust 30% growth in individual protection underlying earnings in Asia, driven by significant sales increases in Hong Kong and stable performance in India.</li></ul>

Sun Life Financial's first quarter of 2024 delivered mixed financial outcomes, indicative of diverse operational strengths and challenges across its array of business lines and geographical areas.The company's broad diversification strategy remains a fundamental pillar, helping to absorb regional and segment-specific volatilities.On the positive spectrum, the company witnessed a robust 30% growth in individual protection underlying earnings in Asia, driven by significant sales increases in Hong Kong and stable performance in India.

Sun Life Financial Inc.: Increasing Medicaid Enrollment & State Contract Acquisitions!  - Major Drivers

<ul><li>This is our first report on Sun Life Financial, a prominent financial service provider.</li><li>Sun Life US and Sun Life Canada delivered solid earnings driven by growth across their business lines.</li><li>We initiate coverage on the stock of Sun Life Financial Inc. with a 'Hold' rating.</li></ul>

This is our first report on Sun Life Financial, a prominent financial service provider.Sun Life US and Sun Life Canada delivered solid earnings driven by growth across their business lines.We initiate coverage on the stock of Sun Life Financial Inc. with a 'Hold' rating.

Sun Life Financial Inc.: Initiation of Coverage – High-growth Markets & Digital Transformation

Canada

Sun Life Financial Inc. is an international financial services organization providing a diverse range of wealth accumulation and protection products and services.  The Company provides insurance, mutual funds, annuities, pensions, investment management, trust services, and banking services.  Sun Life serves individuals and corporate customers worldwide.

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Sun Life Financial (SLF US)

Sun Life Financial: The Stop-Loss Business Pricing Optimization & Other Major Drivers

Sun Life Financial's third-quarter 2024 results reflect a strong performance, aligning with its medium-term objectives and showcasing efficiency...

Baptista Research

SPX Testing Resistance as Rate Cut Cycle Begins; SPX 5670-5783 Is Resistance, 2007 Analog on Track

$SPX Testing Resistance as Rate Cut Cycle Begins; SPX 5670-5783 is Resistance, 2007 Analog on Track if Below 5783. Still Neutral, prefer to sell...

Vermilion Research

Sun Life Financial Inc.: Does It Have A Sustainable Competitive Advantage? - Major Drivers

Sun Life Financial reported a robust second quarter in 2024, characterized by a diverse portfolio and various strategic initiatives underpinned by...

Baptista Research

Sun Life Financial Inc.: Increasing Medicaid Enrollment & State Contract Acquisitions! - Major Drivers

Sun Life Financial's first quarter of 2024 delivered mixed financial outcomes, indicative of diverse operational strengths and challenges across...

Baptista Research

Sun Life Financial Inc.: Initiation of Coverage – High-growth Markets & Digital Transformation

This is our first report on Sun Life Financial, a prominent financial service provider. Sun Life US and Sun Life Canada delivered solid earnings...

Baptista Research

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