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

American Eagle Outfitters / Equity Bottom-Up

<ul><li>American Eagle Outfitters (AEO) delivered strong financial results for the second quarter of fiscal2024, reflecting a positive trajectory despite the challenges in the retail sector.</li><li>The company reported record revenue of $1.3 billion, an 8% increase, driven by 4% comparable sales growth.</li><li>Both core brands, American Eagle and Aerie, showed solid performance, underscoring their strong market appeal.</li></ul>

American Eagle Outfitters (AEO) delivered strong financial results for the second quarter of fiscal2024, reflecting a positive trajectory despite the challenges in the retail sector.The company reported record revenue of $1.3 billion, an 8% increase, driven by 4% comparable sales growth.Both core brands, American Eagle and Aerie, showed solid performance, underscoring their strong market appeal.

American Eagle Outfitters Inc.: Strategic Store and Real Estate Development Driving Growth! - Major Drivers

<ul><li>American Eagle Outfitters reported a robust performance in the first quarter of 2024, displaying strong momentum that surpassed the company’s own expectations.</li><li>The positive financial outcome is primarily attributed to a well-executed growth strategy that focuses on brand amplification, operational optimization, and financial discipline.</li><li>The company's first-quarter revenue reached $1.1 billion, marking a new record driven by 7% comparable growth, showcasing significant improvements across both main brands—American Eagle and Aerie—and through all channels, from physical stores to digital platforms.</li></ul>

American Eagle Outfitters reported a robust performance in the first quarter of 2024, displaying strong momentum that surpassed the company’s own expectations.The positive financial outcome is primarily attributed to a well-executed growth strategy that focuses on brand amplification, operational optimization, and financial discipline.The company's first-quarter revenue reached $1.1 billion, marking a new record driven by 7% comparable growth, showcasing significant improvements across both main brands—American Eagle and Aerie—and through all channels, from physical stores to digital platforms.

American Eagle Outfitters: - Expansion of Aerie Brand Offerings & Major Drivers

<ul><li>This is our first report on apparel major, American Eagle Outfitters.</li><li>In the third quarter of 2023, American Eagle Outfitters achieved record revenue of $1.3 billion, buoyed by both strong in-store performance and a 10% growth in its digital channel.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

This is our first report on apparel major, American Eagle Outfitters.In the third quarter of 2023, American Eagle Outfitters achieved record revenue of $1.3 billion, buoyed by both strong in-store performance and a 10% growth in its digital channel.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

American Eagle Outfitters: Initiation of Coverage - Inside the Store Remodels Driving Unprecedented Sales Surges! - Major Drivers

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>Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.</li>
<li>Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.</li>
<li>Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.</li>
</ul>


Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.
Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.
Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.


U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

<ul>
<li>Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"</li>
<li>All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).</li>
<li>Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.</li>
</ul>


Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"
All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).
Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.


Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

United States

American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories.  The Company's products include jeans, khakis, T-shirts, and other similar apparel.  American Eagle operates in the United States.

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American Eagle Outfitters (AEO US)

American Eagle Outfitters Inc.: Strategic Store and Real Estate Development Driving Growth! - Major Drivers

American Eagle Outfitters (AEO) delivered strong financial results for the second quarter of fiscal2024, reflecting a positive trajectory despite...

Baptista Research

American Eagle Outfitters: - Expansion of Aerie Brand Offerings & Major Drivers

American Eagle Outfitters reported a robust performance in the first quarter of 2024, displaying strong momentum that surpassed the company’s own...

Baptista Research

American Eagle Outfitters: Initiation of Coverage - Inside the Store Remodels Driving Unprecedented Sales Surges! - Major Drivers

This is our first report on apparel major, American Eagle Outfitters. In the third quarter of 2023, American Eagle Outfitters achieved record...

Baptista Research

U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

U.S. Dollar $DXY Rolling Over; 10- and 30-Yr Treasury Yields Hit Major Resistance; Small-Caps to Follow Mid- and Large-Caps to New Highs $IWM $RTY...

Vermilion Research

Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

Lockout Rally Continues; Breakouts Piling Up; $SPX Breakout Above 2-Yr Resistance at 4600-4607, $COMP Breakout Above 14,400. This is what a strong...

Vermilion Research

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