US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>Index Committee's discretion decreases the predictability of index changes. Even when a company passes all eligibility criteria and thresholds, it might still not be selected.</li>
<li>Understanding triggers for index changes, types of additions/deletions and selection patterns, narrows down the pool of candidates and increases conviction of forecasts.</li>
<li>
<a href="https://www.smartkarma.com/entities/dell-technologies-inc" target="_blank" data-smartkarma-citation="entities:32189:1" rel="noopener">Dell Technologies (DELL US)</a> is currently the main candidate to be added by transition to the S&amp;P 500 in September 2024 Quarterly Rebalance.</li>
</ul>


Index Committee's discretion decreases the predictability of index changes. Even when a company passes all eligibility criteria and thresholds, it might still not be selected.
Understanding triggers for index changes, types of additions/deletions and selection patterns, narrows down the pool of candidates and increases conviction of forecasts.

Dell Technologies (DELL US) is currently the main candidate to be added by transition to the S&amp;P 500 in September 2024 Quarterly Rebalance.


S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

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>Westlake Corporation reported its financial results for the fourth quarter and full year of 2024.</li><li>The company showcased a mixed performance across its segments – Housing and Infrastructure Products (HIP) and Performance and Essential Materials (PEM).</li><li>In the fourth quarter of 2024, Westlake achieved sales volume and EBITDA growth in both segments.</li></ul>

Westlake Corporation reported its financial results for the fourth quarter and full year of 2024.The company showcased a mixed performance across its segments – Housing and Infrastructure Products (HIP) and Performance and Essential Materials (PEM).In the fourth quarter of 2024, Westlake achieved sales volume and EBITDA growth in both segments.

Westlake Corporation: An Insight Into Its Market Demand

<ul><li>Westlake Corporation's third-quarter 2024 financial results present a complex mix of achievements and challenges that potential investors must consider.</li><li>The company reported net sales of $3.1 billion, with an EBITDA of $580 million and a net income of $183 million or $1.41 per share.</li><li>These results were impacted by significant maintenance issues and strategic decisions, offering insights into both the resilience and the vulnerabilities within Westlake's operations.</li></ul>

Westlake Corporation's third-quarter 2024 financial results present a complex mix of achievements and challenges that potential investors must consider.The company reported net sales of $3.1 billion, with an EBITDA of $580 million and a net income of $183 million or $1.41 per share.These results were impacted by significant maintenance issues and strategic decisions, offering insights into both the resilience and the vulnerabilities within Westlake's operations.

Westlake Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

Event-Driven

Erie Indemnity Company Cl A / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dell-technologies-inc" target="_blank" data-smartkarma-citation="entities:32189:1" rel="noopener">Dell Technologies (DELL US)</a> is the main addition by transition candidate with a <em>reduced</em> probability due to no longer passing the S&amp;P 500 transition threshold.</li>
<li>
<a href="https://www.smartkarma.com/entities/erie-indemnity-co" target="_blank" data-smartkarma-citation="entities:4804:1" rel="noopener">Erie Indemnity (ERIE US)</a> and <a href="https://www.smartkarma.com/entities/lennox-international-inc" target="_blank" data-smartkarma-citation="entities:16420:1" rel="noopener">Lennox International (LII US)</a> are the main addition by migration candidates with an <em>increased</em> probability due to weak transition candidates.</li>
<li>Addition by migration candidates have more inconsistent selection patterns. Other addition candidates include <a href="https://www.smartkarma.com/entities/texas-pacific-land-corp" target="_blank" data-smartkarma-citation="entities:28693:1" rel="noopener">Texas Pacific Land (TPL US)</a>, <a href="https://www.smartkarma.com/entities/carlisle-cos-inc" target="_blank" data-smartkarma-citation="entities:7929:1" rel="noopener">Carlisle Cos (CSL US)</a> and <a href="https://www.smartkarma.com/entities/dick-s-sporting-goods-inc" target="_blank" data-smartkarma-citation="entities:1675:1" rel="noopener">Dick's Sporting Goods (DKS US)</a> .</li>
</ul>



Dell Technologies (DELL US) is the main addition by transition candidate with a reduced probability due to no longer passing the S&amp;P 500 transition threshold.

Erie Indemnity (ERIE US) and Lennox International (LII US) are the main addition by migration candidates with an increased probability due to weak transition candidates.
Addition by migration candidates have more inconsistent selection patterns. Other addition candidates include Texas Pacific Land (TPL US), Carlisle Cos (CSL US) and Dick's Sporting Goods (DKS US) .


S&P 500 September 2024 Forecasts: Dull for DELL. Brighter for ERIE, LII and TPL

<ul><li>Westlake Corporation delivered a commendable performance in the second quarter of 2024, particularly in its Housing and Infrastructure Products (HIP) segment, which achieved record quarterly results.</li><li>The company reported increased net sales of $3.2 billion, an EBITDA of $744 million, and a net income of $313 million or $2.40 per share.</li><li>These figures represent improvements over the results of the second quarter of 2023.</li></ul>

Westlake Corporation delivered a commendable performance in the second quarter of 2024, particularly in its Housing and Infrastructure Products (HIP) segment, which achieved record quarterly results.The company reported increased net sales of $3.2 billion, an EBITDA of $744 million, and a net income of $313 million or $2.40 per share.These figures represent improvements over the results of the second quarter of 2023.

Westlake Chemical Corporation: 4 Major Growth Drivers & 4 Biggest Challenges In Its Path! - Financial Forecasts

United States

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated products.  The Company serves a range of consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, and residential and commercial construction.

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Westlake Chemical (WLK US)

S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

S&P Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...

Dimitris Ioannidis

Westlake Corporation: An Insight Into Its Market Demand

Westlake Corporation reported its financial results for the fourth quarter and full year of 2024. The company showcased a mixed performance across...

Baptista Research

Westlake Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

Westlake Corporation's third-quarter 2024 financial results present a complex mix of achievements and challenges that potential investors must...

Baptista Research

S&P 500 September 2024 Forecasts: Dull for DELL. Brighter for ERIE, LII and TPL

ERIE, DELL and PLTR were the announced additions and the top migration and transition candidates. To improve convictions, transitions and...

Dimitris Ioannidis

Westlake Chemical Corporation: 4 Major Growth Drivers & 4 Biggest Challenges In Its Path! - Financial Forecasts

Westlake Corporation delivered a commendable performance in the second quarter of 2024, particularly in its Housing and Infrastructure Products...

Baptista Research

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S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

S&P ​Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...

Dimitris Ioannidis

Westlake Corporation: An Insight Into Its Market Demand

Westlake Corporation reported its financial results for the fourth quarter and full year of 2024. The company showcased a mixed performance across...

Baptista Research

Westlake Corporation: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

Westlake Corporation's third-quarter 2024 financial results present a complex mix of achievements and challenges that potential investors must...

Baptista Research

S&P 500 September 2024 Forecasts: Dull for DELL. Brighter for ERIE, LII and TPL

ERIE, DELL and PLTR were the announced additions and the top migration and transition candidates. To improve convictions, transitions and...

Dimitris Ioannidis

Westlake Chemical Corporation: 4 Major Growth Drivers & 4 Biggest Challenges In Its Path! - Financial Forecasts

Westlake Corporation delivered a commendable performance in the second quarter of 2024, particularly in its Housing and Infrastructure Products...

Baptista Research

S&P Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...