Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Apollo Global Management  / Index Rebalance

<ul>
<li>On Friday post-close, S&amp;PDJI announced the changes to the S&amp;P500, S&amp;P MidCap400, and S&amp;P SmallCap600 Indices. The S&amp;P500 names will get added to/deleted from the S&amp;P500 Equal-Weight Index too.</li>
<li>
<a href="https://www.smartkarma.com/entities/apollo-global-management-inc" target="_blank" data-smartkarma-citation="entities:28770:1" rel="noopener">Apollo Global Management (APO US)</a> and <a href="https://www.smartkarma.com/entities/workday-inc-class-a" target="_blank" data-smartkarma-citation="entities:5660:1" rel="noopener">Workday Inc Class A (WDAY US)</a> are IN to the S&amp;P500. <a href="https://www.smartkarma.com/entities/qorvo-inc" target="_blank" data-smartkarma-citation="entities:11965:1" rel="noopener">Qorvo Inc (QRVO US)</a> and <a href="https://www.smartkarma.com/entities/amentum-holdings-inc" target="_blank" data-smartkarma-citation="entities:44105:1" rel="noopener">Amentum Holdings (AMTM US)</a> are demoted to SmallCap600.</li>
<li>There is a <em>theoretical</em> quantity to trade, and an <em>expected</em> quantity to trade</li>
</ul>


On Friday post-close, S&amp;PDJI announced the changes to the S&amp;P500, S&amp;P MidCap400, and S&amp;P SmallCap600 Indices. The S&amp;P500 names will get added to/deleted from the S&amp;P500 Equal-Weight Index too.

Apollo Global Management (APO US) and Workday Inc Class A (WDAY US) are IN to the S&amp;P500. Qorvo Inc (QRVO US) and Amentum Holdings (AMTM US) are demoted to SmallCap600.
There is a theoretical quantity to trade, and an expected quantity to trade


S&P500 Dec24 Rebalance: APO and WDAY IN; QRVO and AMTM Demoted

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>Vistra Corp's third-quarter 2024 results reveal a mix of achievements and challenges, reflecting the current dynamics of the energy industry.</li><li>The company reported a strong operational performance with an adjusted EBITDA of $1.444 billion, despite milder weather conditions in Texas.</li><li>This underlines a robust operational execution across Vistra's generation, commercial, and retail sectors.</li></ul>

Vistra Corp's third-quarter 2024 results reveal a mix of achievements and challenges, reflecting the current dynamics of the energy industry.The company reported a strong operational performance with an adjusted EBITDA of $1.444 billion, despite milder weather conditions in Texas.This underlines a robust operational execution across Vistra's generation, commercial, and retail sectors.

Vistra Corp.: Diversification of Energy Portfolio As A Pivotal Growth Lever! - Major Drivers

AI and Global Deep Tech, Mint Finance

Uttkarsh Kohli

AI and Global Deep Tech

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

First Trust NASDAQ Clean Edge / Equity Bottom-Up

<ul>
<li>AI advancements will increase data center power demand by 160% by 2030, consuming 8% of U.S. electricity.</li>
<li>A single ChatGPT query uses 2.9 watt-hours of electricity, compared to 0.3 watt-hours for a Google search.</li>
<li>2 of the 5 top performing stocks year-to-date in the S&amp;P 500 are utility companies Vistra Corp and Constellation Energy. Utility sector has gained 6.7% in 2024. </li>
</ul>


AI advancements will increase data center power demand by 160% by 2030, consuming 8% of U.S. electricity.
A single ChatGPT query uses 2.9 watt-hours of electricity, compared to 0.3 watt-hours for a Google search.
2 of the 5 top performing stocks year-to-date in the S&amp;P 500 are utility companies Vistra Corp and Constellation Energy. Utility sector has gained 6.7% in 2024. 


AI Surge Increases Power Consumption Leading to Energy Shifts

<ul><li>Vistra Energy's first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges ahead.</li><li>Positive remarks were made on improved market dynamics in the power sector and a significant increase in long-term outlook for the company.</li><li>A substantial execution plan was also presented, primarily focused on delivering reliable, affordable, and sustainable power amidst increasing power demands.</li></ul>

Vistra Energy's first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges ahead.Positive remarks were made on improved market dynamics in the power sector and a significant increase in long-term outlook for the company.A substantial execution plan was also presented, primarily focused on delivering reliable, affordable, and sustainable power amidst increasing power demands.

Vistra Corp.: Initiation of Coverage - How They Are Navigating Market Volatility and Competitive Pressures? - Major Drivers

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>The rankings used for the June 2024 index rebal event will be decided based on the opening prices tomorrow (6th June 2024).</li>
<li>In this insight, we take a final look at the potential ADDs and DELs leading the rankings for the upcoming review.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
The rankings used for the June 2024 index rebal event will be decided based on the opening prices tomorrow (6th June 2024).
In this insight, we take a final look at the potential ADDs and DELs leading the rankings for the upcoming review.


Quiddity Leaderboard S&P 500 Jun 24: Ranks to Be Finalized Tomorrow; 2 Changes Possible

United States

Vistra Corp. provides utility services. The Company generates energy. Vistra Corp serves customers worldwide.

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Vistra (VST US)

S&P500 Dec24 Rebalance: APO and WDAY IN; QRVO and AMTM Demoted

S&P500/400/600 Index rebal names were announced Friday. APO + WDAY are the big S&P500 adds. QRVO and AMTM get demoted to 600. 17x/13x ADV for the...

Travis Lundy

Vistra Corp.: Diversification of Energy Portfolio As A Pivotal Growth Lever! - Major Drivers

Vistra Corp's third-quarter 2024 results reveal a mix of achievements and challenges, reflecting the current dynamics of the energy industry. The...

Baptista Research

AI Surge Increases Power Consumption Leading to Energy Shifts

AI is a power guzzler. A ChatGPT query uses 2.9 watt-hours, versus 0.3 for a Google search. Rising energy demand puts clean energy and grid...

Mint Finance

Vistra Corp.: Initiation of Coverage - How They Are Navigating Market Volatility and Competitive Pressures? - Major Drivers

Vistra Energy's first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges...

Baptista Research

Quiddity Leaderboard S&P 500 Jun 24: Ranks to Be Finalized Tomorrow; 2 Changes Possible

The S&P500 review will be announced on Friday. The reference price used will be Thursday's opening price. We expect up to two changes, but would...

Travis Lundy

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