Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>We again write about one stock each from the large, mid and small cap portfolios, briefly giving the reasons behind their inclusion in the portfolio.</li>
<li>The three companies we write about this week are <a href="https://www.smartkarma.com/entities/evonik-industries-ag" target="_blank" data-smartkarma-citation="entities:21618:1" rel="noopener">Evonik Industries Ag (EVK GR)</a><a href="https://www.smartkarma.com/entities/altria-group-inc" target="_blank" data-smartkarma-citation="entities:6572:1" rel="noopener">Altria Group (MO US)</a> and <a href="https://www.smartkarma.com/entities/procter-gamble-co" target="_blank" data-smartkarma-citation="entities:978:1" rel="noopener">Procter &amp; Gamble Co (PG US)</a> </li>
<li>For three weeks ended 9 Dec the combined innovation portfolio was +0.7%, versus DJIA -0.8%, S&amp;P500 -0.8%, Nasdaq -1.3% &amp; MSCI-ACWI-ETF +0.5%.</li>
</ul>


We again write about one stock each from the large, mid and small cap portfolios, briefly giving the reasons behind their inclusion in the portfolio.
The three companies we write about this week are Evonik Industries Ag (EVK GR)Altria Group (MO US) and Procter &amp; Gamble Co (PG US) 
For three weeks ended 9 Dec the combined innovation portfolio was +0.7%, versus DJIA -0.8%, S&amp;P500 -0.8%, Nasdaq -1.3% &amp; MSCI-ACWI-ETF +0.5%.


<ul>
<li>We write about one stock each from the large, mid and small cap portfolios, briefly giving the reasons behind their the innovation scores and inclusion in the portfolio.  </li>
<li>The three companies are <a href="https://www.smartkarma.com/entities/johnson-johnson-831a1ab9-b291-4564-99b0-dc7f8d2b8175" target="_blank" data-smartkarma-citation="entities:26818:1" rel="noopener">Johnson &amp; Johnson (JNJ UN)</a> , <a href="https://www.smartkarma.com/entities/mondelez-international-inc" target="_blank" data-smartkarma-citation="entities:8111:1" rel="noopener">Mondelez International (MDLZ US)</a> and <a href="https://www.smartkarma.com/entities/qorvo-inc" target="_blank" data-smartkarma-citation="entities:11965:1" rel="noopener">Qorvo Inc (QRVO US), which have the highest weighting in each portfolio</a>
</li>
<li>For the week the large cap portfolio was up 1.2%, the midcap was up 1.4% and the small cap was up 0.9%, all in US$ terms.  </li>
</ul>


We write about one stock each from the large, mid and small cap portfolios, briefly giving the reasons behind their the innovation scores and inclusion in the portfolio.  
The three companies are Johnson &amp; Johnson (JNJ UN) , Mondelez International (MDLZ US) and Qorvo Inc (QRVO US), which have the highest weighting in each portfolio

For the week the large cap portfolio was up 1.2%, the midcap was up 1.4% and the small cap was up 0.9%, all in US$ terms.  


How the Portfolios Did for the First Week

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 Capital Markets

<ul><li>BlackBerry had a mediocre quarterly, beating profitability estimates of Wall Street while delivering revenue aligned with forecasts.</li><li>The best performer continues to be QNX design base revenue.</li><li>Royalty revenue increased on the production side, but it is still below pre-pandemic levels, mostly because of supply chain challenges.</li></ul>

BlackBerry had a mediocre quarterly, beating profitability estimates of Wall Street while delivering revenue aligned with forecasts.The best performer continues to be QNX design base revenue.Royalty revenue increased on the production side, but it is still below pre-pandemic levels, mostly because of supply chain challenges.

<ul><li>Blackberry’s stock has corrected sharply in the past weeks though the company’s result was not too bad.</li><li>The management continues to execute the business momentum quite well, delivering sturdy year-over-year growth in revenue.</li><li>From the professional services and preproduction development seats, Blackberry recorded strong revenue and it gained overall 14 new design wins.</li></ul>

Blackberry’s stock has corrected sharply in the past weeks though the company’s result was not too bad.The management continues to execute the business momentum quite well, delivering sturdy year-over-year growth in revenue.From the professional services and preproduction development seats, Blackberry recorded strong revenue and it gained overall 14 new design wins.

BlackBerry Inc: The Cylance Gateway & Other Drivers

<ul><li>BlackBerry has found a major growth driver in the form of its QNX software for the automotive industry in recent times.</li><li>BlackBerry’s gross margin increased to 85%, and IoT ARR increased for the fourth quarter in a row to $93 million, up 11% year over year.</li><li>The company’s increased profitability comes from development seats and professional services that customers use to integrate their QNX software into vehicles and other IoT endpoints.</li></ul>

BlackBerry has found a major growth driver in the form of its QNX software for the automotive industry in recent times.BlackBerry’s gross margin increased to 85%, and IoT ARR increased for the fourth quarter in a row to $93 million, up 11% year over year.The company’s increased profitability comes from development seats and professional services that customers use to integrate their QNX software into vehicles and other IoT endpoints.

BlackBerry Ltd.: The QNX Software-Driven Partnerships & Other Drivers

Canada

BlackBerry Limited designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

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BlackBerry Ltd (BB CN)

The Innovations Portfolios - Week Three

We assess how the three portfolios did for the first three weeks and discuss about one stock each from the large, mid and small cap portfolios

Pyari Menon

How the Portfolios Did for the First Week

We assess how the three portfolios did for the first week and discuss about one stock each from the large, mid and small cap portfolios, briefly...

Pyari Menon

BlackBerry Ltd: Major Drivers

BlackBerry had a mediocre quarterly, beating profitability estimates of Wall Street while delivering revenue aligned with forecasts. The best...

Baptista Research

BlackBerry Inc: The Cylance Gateway & Other Drivers

Blackberry’s stock has corrected sharply in the past weeks though the company’s result was not too bad. The management continues to execute the...

Baptista Research

BlackBerry Ltd.: The QNX Software-Driven Partnerships & Other Drivers

BlackBerry has found a major growth driver in the form of its QNX software for the automotive industry in recent times. BlackBerry’s gross margin...

Baptista Research

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