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>We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.</li>
<li>Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.</li>
<li>Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL</li>
</ul>


We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.
Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.
Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL


Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?

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>Unity Software Inc. has shown both promise and challenges in its most recent quarterly financial performance and strategic endeavors.</li><li>On the financial front, the company's results exceeded expectations, with revenue from its strategic portfolio at $429 million, although this marked a 2% year-over-year decrease.</li><li>The adjusted EBITDA was notably higher than forecasted, reaching $92 million, surpassing guidance estimates of $75-$80 million.</li></ul>

Unity Software Inc. has shown both promise and challenges in its most recent quarterly financial performance and strategic endeavors.On the financial front, the company's results exceeded expectations, with revenue from its strategic portfolio at $429 million, although this marked a 2% year-over-year decrease.The adjusted EBITDA was notably higher than forecasted, reaching $92 million, surpassing guidance estimates of $75-$80 million.

Unity Software Inc.: Integration & Innovation through AI & Machine Learning Driving Our ‘Outperform’ Rating! - Major Drivers

<ul><li>Unity's leadership, spearheaded by newly appointed CEO Matthew Bromberg and outgoing CFO Luis Visoso, provided a comprehensive overview of the company's Q2 2024 performance and forward-looking strategies in the recent earnings call.</li><li>Despite facing challenges, Unity's strategic positioning and operational adjustments have it set towards a path of recovery, albeit with cautious optimism.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Unity's leadership, spearheaded by newly appointed CEO Matthew Bromberg and outgoing CFO Luis Visoso, provided a comprehensive overview of the company's Q2 2024 performance and forward-looking strategies in the recent earnings call.Despite facing challenges, Unity's strategic positioning and operational adjustments have it set towards a path of recovery, albeit with cautious optimism.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Unity Software: How Are They Restructuring Their Advertising Business To Drive Growth! - Major Drivers

<ul><li>In the first quarter 2024 earnings of Unity, the management expressed strong optimism about the platform's future, citing the imminent arrival of new CEO Matt Bromberg.</li><li>The interim CEO also noted indicators pointing to the ability to deliver on the plan for the year.</li><li>The previously unsettled customers have now gained confidence with Unity's transition to runtime fee, and discussions have been productive about this change.</li></ul>

In the first quarter 2024 earnings of Unity, the management expressed strong optimism about the platform's future, citing the imminent arrival of new CEO Matt Bromberg.The interim CEO also noted indicators pointing to the ability to deliver on the plan for the year.The previously unsettled customers have now gained confidence with Unity's transition to runtime fee, and discussions have been productive about this change.

Unity Software: Customer Engagement with the Engine and Emphasis on Industries! - Major Drivers

<ul><li>Unity Software delivered a decent set of results for the last quarter.</li><li>The focus on developing products that deliver distinct value to clients was emphasized, with feedback from the gaming community on product development plans and responsiveness to their requirements being particularly positive.</li><li>Successes were also noted in other sectors, especially with a more efficient cost structure and scalable software solutions.</li></ul>

Unity Software delivered a decent set of results for the last quarter.The focus on developing products that deliver distinct value to clients was emphasized, with feedback from the gaming community on product development plans and responsiveness to their requirements being particularly positive.Successes were also noted in other sectors, especially with a more efficient cost structure and scalable software solutions.

Unity Software: What Is The Story Behind Their Exit From Hardware Business & Focus on Software? - Major Drivers

United States

Unity Software Inc. provides software solutions. The Company offers graphic tools to create, run, and monetize real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. Unity Software serves customers worldwide.

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Unity Software (U US)

Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?

Downgrading Utilities $XLU to Market Weight; Bullish Outlook Intact; Time for Prior Leadership to Shine? $IGV $PLTR $APP $SOUN $RZLV $SHOP $FROG $U...

Vermilion Research

Unity Software Inc.: Integration & Innovation through AI & Machine Learning Driving Our ‘Outperform’ Rating! - Major Drivers

Unity Software Inc. has shown both promise and challenges in its most recent quarterly financial performance and strategic endeavors. On the...

Baptista Research

Unity Software: How Are They Restructuring Their Advertising Business To Drive Growth! - Major Drivers

Unity's leadership, spearheaded by newly appointed CEO Matthew Bromberg and outgoing CFO Luis Visoso, provided a comprehensive overview of the...

Baptista Research

Unity Software: Customer Engagement with the Engine and Emphasis on Industries! - Major Drivers

In the first quarter 2024 earnings of Unity, the management expressed strong optimism about the platform's future, citing the imminent arrival of...

Baptista Research

Unity Software: What Is The Story Behind Their Exit From Hardware Business & Focus on Software? - Major Drivers

Unity Software delivered a decent set of results for the last quarter. The focus on developing products that deliver distinct value to clients was...

Baptista Research

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