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>AGCO Corporation recently reported its financial performance for the fourth quarter and full year 2024, illustrating a period of strategic transformation amidst challenging market conditions.</li><li>In the fourth quarter, AGCO achieved a 9.9% adjusted operating margin with sales decreasing by 24% year-over-year.</li><li>For the full year, the company realized an 8.9% adjusted operating margin with a 19% decline in sales compared to 2023.</li></ul>

AGCO Corporation recently reported its financial performance for the fourth quarter and full year 2024, illustrating a period of strategic transformation amidst challenging market conditions.In the fourth quarter, AGCO achieved a 9.9% adjusted operating margin with sales decreasing by 24% year-over-year.For the full year, the company realized an 8.9% adjusted operating margin with a 19% decline in sales compared to 2023.

AGCO Corporation: Are The Operating Margin Improvements Expected To Last In The Long Term?

<ul><li>AGCO Corporation's third-quarter 2024 earnings report presents a nuanced picture of the company navigating through a challenging agricultural industry landscape.</li><li>The report highlights both strategic actions taken to address current market headwinds and positive strides in specific product lines and regions.</li><li>On the positive side, AGCO is actively managing the downturn in the agricultural sector, which has seen a significant contraction compared to the profitable years from 2021 to 2023.</li></ul>

AGCO Corporation's third-quarter 2024 earnings report presents a nuanced picture of the company navigating through a challenging agricultural industry landscape.The report highlights both strategic actions taken to address current market headwinds and positive strides in specific product lines and regions.On the positive side, AGCO is actively managing the downturn in the agricultural sector, which has seen a significant contraction compared to the profitable years from 2021 to 2023.

AGCO Corporation: These Are The 6 Biggest Challenges In Its Path In 2025!  - Major Drivers

<ul><li>AGCO Corporation, a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, has projected a challenging financial landscape during this transitional year as discussed in the Second Quarter 2024 Earnings Call.</li><li>This period is earmarked by a strategic contraction and re evaluation, especially significant against a backdrop of declining market demand across geographic regions.</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>

AGCO Corporation, a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, has projected a challenging financial landscape during this transitional year as discussed in the Second Quarter 2024 Earnings Call.This period is earmarked by a strategic contraction and re evaluation, especially significant against a backdrop of declining market demand across geographic regions.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.

AGCO Corporation: Initiation Of Coverage - Expansion and Performance of Precision AG and Retrofit Market Driving Our Optimism! - Major Drivers

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>Energy- Rotation to Laggards or Something More Brewing?</li><li>The worst S&amp;P 500 sector so far in 2023 has been energy which is down almost 8% getting trounced by the technology and communication services sectors.</li><li>Inflation readings have benefited so far by energy “staying in the box” in 2023 versus the wild price spikes to $5/gallon gasoline and above which occurred last spring.</li></ul>

Energy- Rotation to Laggards or Something More Brewing?The worst S&amp;P 500 sector so far in 2023 has been energy which is down almost 8% getting trounced by the technology and communication services sectors.Inflation readings have benefited so far by energy “staying in the box” in 2023 versus the wild price spikes to $5/gallon gasoline and above which occurred last spring.

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

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>Since early-October we have discussed our expectation for a bear rally, targeting the 200-day MAs on the $IWM and $SPX; targets were hit (within 0.5% of hitting on SPX).</li>
<li>We are now seeing short-term uptrend breaks on the IWM and the DJIA; this is a good time to get defensive and/or take profits, as the 1.5-month rally appears over.</li>
<li>We expect more weakness in the weeks ahead, and we cannot rule out another test of the 2022 lows.</li>
</ul>


Since early-October we have discussed our expectation for a bear rally, targeting the 200-day MAs on the $IWM and $SPX; targets were hit (within 0.5% of hitting on SPX).
We are now seeing short-term uptrend breaks on the IWM and the DJIA; this is a good time to get defensive and/or take profits, as the 1.5-month rally appears over.
We expect more weakness in the weeks ahead, and we cannot rule out another test of the 2022 lows.


Time to Get Defensive After 1.5-Month Uptrend Breaks; High Yield Spreads Widening Much Like Mid-Aug.

United States

AGCO Corporation manufactures and distributes agricultural equipment throughout the world.  The Company sells a range of agricultural equipment and related replacement parts, including tractors, combines, hay tools, sprayers, and forage equipment.  AGCO markets its products under a variety of brand names, including Massey Ferguson, AGCO, Tye, GLEANER, and Hesston.

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Agco Corp (AGCO US)

AGCO Corporation: Are The Operating Margin Improvements Expected To Last In The Long Term?

AGCO Corporation recently reported its financial performance for the fourth quarter and full year 2024, illustrating a period of strategic...

Baptista Research

AGCO Corporation: These Are The 6 Biggest Challenges In Its Path In 2025! - Major Drivers

AGCO Corporation's third-quarter 2024 earnings report presents a nuanced picture of the company navigating through a challenging agricultural...

Baptista Research

AGCO Corporation: Initiation Of Coverage - Expansion and Performance of Precision AG and Retrofit Market Driving Our Optimism! - Major Drivers

AGCO Corporation, a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, has...

Baptista Research

Weekly Stock Bullfinder - Week of 7/10

The worst S&P 500 sector so far in 2023 has been energy which is down almost 8% getting trounced by the technology and communication services sectors.

Weekly Stock Bull Finder

Time to Get Defensive After 1.5-Month Uptrend Breaks; High Yield Spreads Widening Much Like Mid-Aug.

Our targets for this bear rally have been hit, which were the 200-day MAs on $IWM and $SPX (within 0.5%). Now seeing short-term uptrend breaks on...

Vermilion Research

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