Independent research on the U.S. markets, Baptista Research

Baptista Research

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.

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>WESCO International reported a strong start to 2026, with first-quarter sales reaching a record $6.1 billion, up 14% year-over-year, driven by 12% organic growth and favorable pricing contributing approximately 3 percentage points.</li><li>This marked the company’s third consecutive quarter of double-digit sales growth, supported notably by significant momentum in its data center segment, where sales rose about 70% year-over-year and represented 24% of overall sales.</li><li>Broad-based strength was observed across WESCO’s three major business units—Commercial & Construction Solutions (CSS), Electrical & Electronic Solutions (EES), and Utility & Broadband Solutions (UBS)—with backlog levels also reaching new highs, up 22% year-over-year, enhancing visibility into future revenue streams.</li></ul>

WESCO International reported a strong start to 2026, with first-quarter sales reaching a record $6.1 billion, up 14% year-over-year, driven by 12% organic growth and favorable pricing contributing approximately 3 percentage points.This marked the company’s third consecutive quarter of double-digit sales growth, supported notably by significant momentum in its data center segment, where sales rose about 70% year-over-year and represented 24% of overall sales.Broad-based strength was observed across WESCO’s three major business units—Commercial & Construction Solutions (CSS), Electrical & Electronic Solutions (EES), and Utility & Broadband Solutions (UBS)—with backlog levels also reaching new highs, up 22% year-over-year, enhancing visibility into future revenue streams.

WESCO International: Leveraging Backlog Strength

Wesco International

WESCO International: Leveraging Backlog Strength