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>For the first time since the Covid-19 pandemic, Booking Holdings managed to exceed the levels for room nights in the last quarter which is a significant milestone in its recovery.</li><li>Nearly 0.25 billion room nights were reserved by the company's clients in Q2, a slight increase from the first quarter's 9% fall and a rise of 16% compared to Q2 2019.</li><li>The near-term macroeconomic climate is unpredictable which is why we maintain our 'Hold' rating on Booking Holdings with a revised target price.</li></ul>

For the first time since the Covid-19 pandemic, Booking Holdings managed to exceed the levels for room nights in the last quarter which is a significant milestone in its recovery.Nearly 0.25 billion room nights were reserved by the company's clients in Q2, a slight increase from the first quarter's 9% fall and a rise of 16% compared to Q2 2019.The near-term macroeconomic climate is unpredictable which is why we maintain our 'Hold' rating on Booking Holdings with a revised target price.

Booking Holdings: Collaboration With Citigroup & Other 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>The second quarter earnings season officially kicked off last week with financials getting things started. </li><li>Earnings season will pick up this upcoming week with key reports expected from notable names like Bank of America, Tesla, Netflix, Johnson &amp; Johnson, and Capital One. </li><li>We already know that inflation in the form of rising input costs like energy and labor will eat into profit margins and earnings. </li></ul>

The second quarter earnings season officially kicked off last week with financials getting things started. Earnings season will pick up this upcoming week with key reports expected from notable names like Bank of America, Tesla, Netflix, Johnson &amp; Johnson, and Capital One. We already know that inflation in the form of rising input costs like energy and labor will eat into profit margins and earnings. 

Equity Capital Markets

Booking Holdings / Equity Capital Markets

<ul><li>Booking Holdings commenced 2022 on a positive note.</li><li>The achievement of this gross booking record was aided by continued improvement in their room night trends, increased accommodation ADRs, and significant growth in global flight products.</li><li>While the net increase in the last quarter was still a small number of properties, Booking Holdings plans to continue expanding its alternative accommodation offering and attracting more partners to its platform throughout 2022.</li></ul>

Booking Holdings commenced 2022 on a positive note.The achievement of this gross booking record was aided by continued improvement in their room night trends, increased accommodation ADRs, and significant growth in global flight products.While the net increase in the last quarter was still a small number of properties, Booking Holdings plans to continue expanding its alternative accommodation offering and attracting more partners to its platform throughout 2022.

Booking Holdings Inc.: The Europe Advantage

<ul><li>Despite the emergence of the Omicron variant in late November and its rapid spread throughout Europe, the United States, and other parts of the world, Booking Holdings ended 2021 on a fairly decent note.</li><li>The management saw a consistently higher mix of its customers booking directly with Booking Holdings in the fourth quarter and for the full year than in 2019 which is a positive sign.</li><li>Moreover, its direct mix improved even as the company leaned into performance marketing channels during the year.</li></ul>

Despite the emergence of the Omicron variant in late November and its rapid spread throughout Europe, the United States, and other parts of the world, Booking Holdings ended 2021 on a fairly decent note.The management saw a consistently higher mix of its customers booking directly with Booking Holdings in the fourth quarter and for the full year than in 2019 which is a positive sign.Moreover, its direct mix improved even as the company leaned into performance marketing channels during the year.

Booking Holdings: Financial & Price Forecasts

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

VanEck Gold Miners ETF/USA / Technical Analysis

<ul>
<li>Large-Cap indexes are approaching critical support levels, including 4257 on the S&amp;P 500, $334 on the Nasdaq 100 (QQQ), and 33,250 on the DJIA. These are our "lines-in-the-sand" moving forward.</li>
<li>We expect for supports to hold, but breakdowns below these levels would not be surprising and would likely mean an additional 8-15% downside based on measured moves.</li>
<li>Charts Highlighted: S&amp;P 500, QQQ, DJIA, Bitcoin, XLP, XLU, IWM, IJR, BKNG, EXPE, SABR, DESP, NEM, GOLD, FNV, AEM, RGLD, GFI, SBSW, and AU.</li>
</ul>


Large-Cap indexes are approaching critical support levels, including 4257 on the S&amp;P 500, $334 on the Nasdaq 100 (QQQ), and 33,250 on the DJIA. These are our "lines-in-the-sand" moving forward.
We expect for supports to hold, but breakdowns below these levels would not be surprising and would likely mean an additional 8-15% downside based on measured moves.
Charts Highlighted: S&amp;P 500, QQQ, DJIA, Bitcoin, XLP, XLU, IWM, IJR, BKNG, EXPE, SABR, DESP, NEM, GOLD, FNV, AEM, RGLD, GFI, SBSW, and AU.


S&P 500, Nasdaq 100, DJIA Testing Support; Buying Gold Miners and Online Travel

United States

Booking Holdings Inc. operates as an online travel company. The Company offers a platform that allows to make travel reservations with providers of travel services, as well as provides accommodation reservations, rentals cars, airline tickets, and vacation packages. Booking Holdings serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Booking Holdings (BKNG US)

Booking Holdings: Collaboration With Citigroup & Other Drivers

For the first time since the Covid-19 pandemic, Booking Holdings managed to exceed the levels for room nights in the last quarter which is a...

Baptista Research

Weekly Stock Bullfinder - Week of 7/18

Earnings season will pick up this upcoming week with key reports expected from notable names like Bank of America, Tesla, Netflix, Johnson &...

Weekly Stock Bull Finder

Booking Holdings Inc.: The Europe Advantage

Booking Holdings commenced 2022 on a positive note. The achievement of this gross booking record was aided by continued improvement in their room...

Baptista Research

Booking Holdings: Financial & Price Forecasts

Despite the emergence of the Omicron variant in late November and its rapid spread throughout Europe, the United States, and other parts of the...

Baptista Research

S&P 500, Nasdaq 100, DJIA Testing Support; Buying Gold Miners and Online Travel

Large-cap indexes are approaching critical support levels of 4257 on S&P 500, $334 on Nasdaq 100 (QQQ), and 33,250 on DJIA. These are our "lines in...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)