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>Allstate Corporation reported robust financial results for the second quarter of 2025, with significant revenue growth and notable business expansion.</li><li>Revenues reached $16.6 billion, marking a 5.8% increase compared to the same period last year.</li><li>This growth was driven largely by the Allstate Protection Plans, as total policies in force increased by 4.2%, or $208 million, compared to the prior year.</li></ul>

Allstate Corporation reported robust financial results for the second quarter of 2025, with significant revenue growth and notable business expansion.Revenues reached $16.6 billion, marking a 5.8% increase compared to the same period last year.This growth was driven largely by the Allstate Protection Plans, as total policies in force increased by 4.2%, or $208 million, compared to the prior year.

Allstate Corporation: Expanding Direct-to-Consumer Strategy for Steering Future Growth!

<ul><li>Allstate Corporation's first-quarter 2025 performance highlighted a combination of solid revenue growth and strategic efforts to enhance market share in personal property-liability while expanding customer protection.</li><li>The company's revenues rose impressively by 7.8% year-over-year to $16.5 billion, with a notable net income of $566 million.</li><li>Adjusted net income stood at $949 million or $3.53 per diluted share, reflecting strong operational efficiency and capital management, yielding a 23.7% return on equity over the past 12 months.</li></ul>

Allstate Corporation's first-quarter 2025 performance highlighted a combination of solid revenue growth and strategic efforts to enhance market share in personal property-liability while expanding customer protection.The company's revenues rose impressively by 7.8% year-over-year to $16.5 billion, with a notable net income of $566 million.Adjusted net income stood at $949 million or $3.53 per diluted share, reflecting strong operational efficiency and capital management, yielding a 23.7% return on equity over the past 12 months.

Allstate Corporation: Dealing With The Reinsurance Cost & Adequacy Challenge & Other Major Roadblocks!

<ul><li>Allstate Corporation's recent earnings call provides a comprehensive overview of the company's financial performance and strategic initiatives in the fourth quarter of 2024.</li><li>The company reported total revenues of $16.5 billion for the quarter, representing an 11.3% increase compared to the same period in the previous year.</li><li>For the full year, total revenues reached $64.1 billion.</li></ul>

Allstate Corporation's recent earnings call provides a comprehensive overview of the company's financial performance and strategic initiatives in the fourth quarter of 2024.The company reported total revenues of $16.5 billion for the quarter, representing an 11.3% increase compared to the same period in the previous year.For the full year, total revenues reached $64.1 billion.

Allstate Corporation: Strategic Navigation in Challenging Markets to Strengthen Its Position In Favorable Markets!

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>In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&amp;P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments.</li>
<li>We said don't be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers</li>
<li>The S&amp;P 500 and Nasdaq 100 (QQQ) are testing major confluence of support at 5770-5850 and $490-$500, respectively, the first of our potential bottom levels discussed last week.</li>
</ul>


In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&amp;P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments.
We said don't be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers
The S&amp;P 500 and Nasdaq 100 (QQQ) are testing major confluence of support at 5770-5850 and $490-$500, respectively, the first of our potential bottom levels discussed last week.


S&P 500 and Nasdaq 100 Testing Initial Support; Russell and Nasdaq With Bullish Breadth Divergences

<ul><li>Allstate Corporation recently held its third-quarter 2024 earnings call, reporting robust financials that reflect both the execution of strategic initiatives and ongoing operational adjustments.</li><li>Total revenues for the quarter reached $16.6 billion, marking a 14.7% increase compared to the same quarter the previous year, driven by growth across various segments, particularly in the Property-Liability business.</li><li>The adjusted net income per share was noted at $3.91 with a substantial return on equity of 26.1% over the past twelve months.</li></ul>

Allstate Corporation recently held its third-quarter 2024 earnings call, reporting robust financials that reflect both the execution of strategic initiatives and ongoing operational adjustments.Total revenues for the quarter reached $16.6 billion, marking a 14.7% increase compared to the same quarter the previous year, driven by growth across various segments, particularly in the Property-Liability business.The adjusted net income per share was noted at $3.91 with a substantial return on equity of 26.1% over the past twelve months.

The Allstate Corporation: An Insight Into Its Efforts Towards Agency Channel Optimization & Other Major Drivers

United States

The Allstate Corporation, through its subsidiaries, provides property-liability insurance, as well as other types of insurance in the United States and Canada. The Company primarily sells private passenger automobile and homeowners insurance through independent and specialized brokers. Allstate also sells life insurance, annuity, and group pension products through agents.

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Allstate Corp (ALL US)

Allstate Corporation: Expanding Direct-to-Consumer Strategy for Steering Future Growth!

Allstate Corporation reported robust financial results for the second quarter of 2025, with significant revenue growth and notable business...

Baptista Research

Allstate Corporation: Dealing With The Reinsurance Cost & Adequacy Challenge & Other Major Roadblocks!

Allstate Corporation's first-quarter 2025 performance highlighted a combination of solid revenue growth and strategic efforts to enhance market...

Baptista Research

Allstate Corporation: Strategic Navigation in Challenging Markets to Strengthen Its Position In Favorable Markets!

Allstate Corporation's recent earnings call provides a comprehensive overview of the company's financial performance and strategic initiatives in...

Baptista Research

S&P 500 and Nasdaq 100 Testing Initial Support; Russell and Nasdaq With Bullish Breadth Divergences

$SPX and $QQQ $NDX Testing Initial Supports at 5770-5850 and $490-$500; Russell 2000 $IWM and Nasdaq 100 Bullish Breadth Divergences (% above 20-...

Vermilion Research

The Allstate Corporation: An Insight Into Its Efforts Towards Agency Channel Optimization & Other Major Drivers

Allstate Corporation recently held its third-quarter 2024 earnings call, reporting robust financials that reflect both the execution of strategic...

Baptista Research

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