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

Casey's General Stores / Equity Bottom-Up

<ul><li>Casey's General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range of strategic expansions and operational enhancements that underscore the company's resilience and proactivity in a volatile retail environment.</li><li>Positive outcomes were plentiful in the report.</li><li>Casey's notably achieved a record diluted earnings per share at $13.43, a 13% increase year-over-year, with net income also hitting a new high at $502 million.</li></ul>

Casey's General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range of strategic expansions and operational enhancements that underscore the company's resilience and proactivity in a volatile retail environment.Positive outcomes were plentiful in the report.Casey's notably achieved a record diluted earnings per share at $13.43, a 13% increase year-over-year, with net income also hitting a new high at $502 million.

Casey's General Stores Inc.: Expanding Market Share Through Innovation In Food Service! - Major Drivers

<ul><li>Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of decline.</li><li>There were both promising and underperforming aspects of the company's performance.</li><li>Diluted earnings per share ended at $2.33, a 13% decrease from the prior year.</li></ul>

Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of decline.There were both promising and underperforming aspects of the company's performance.Diluted earnings per share ended at $2.33, a 13% decrease from the prior year.

Casey's General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? - Major Drivers

<ul><li>This is our first report on Casey's General Stores.</li><li>The company's performance in the previous quarter remains solid as it delivered strong second-quarter results.</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 Casey's General Stores.The company's performance in the previous quarter remains solid as it delivered strong second-quarter results.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Casey's General Stores: Initiation of Coverage - Exploding Across New Territories - How Their Bold Expansion is Winning the Market! - 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>The S&amp;P 500 is approaching the 4165-4200 area; we continue to believe this will cap upside in 2023, but we also acknowledge that a move to 4300-4325 is possible</li>
<li>Considering limited upside in both scenarios, we continue to recommend shifting to defensives, particularly Health Care (XLV), Utilities (RYU, XLU), Consumer Staples (XLP), and precious metals miners (GDX)</li>
<li>10-Year and 30-Year Treasury yields testing short-term resistance while the US dollar (DXY) tests support at $101-101.50.</li>
</ul>


The S&amp;P 500 is approaching the 4165-4200 area; we continue to believe this will cap upside in 2023, but we also acknowledge that a move to 4300-4325 is possible
Considering limited upside in both scenarios, we continue to recommend shifting to defensives, particularly Health Care (XLV), Utilities (RYU, XLU), Consumer Staples (XLP), and precious metals miners (GDX)
10-Year and 30-Year Treasury yields testing short-term resistance while the US dollar (DXY) tests support at $101-101.50.


Favor Defensives as S&P 500 Tests 4165-4200; Buys in Consumer Staples & Europe/UK Telecomm

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>A few weeks back, I posted a chart showing the descending weekly trend line of the S&amp;P 500 index to remind myself that the trend reminds down until price confirms a change in the power trend.</li><li>This week, notable events include the Core CPI print on Tuesday, Fed press release and meeting on Wednesday, retail sales on Thursday, and S&amp;P flash Services and Manufacturing PMI on Friday.</li><li>As of today, while a favorable inflation and Fed meeting could change things, the rejection of the S&amp;P 500 again at the descending trend line and a hold of the 200 day moving average, suggests that the next leg lower could be in order similar to other bear market rallies so far this year.</li></ul>

A few weeks back, I posted a chart showing the descending weekly trend line of the S&amp;P 500 index to remind myself that the trend reminds down until price confirms a change in the power trend.This week, notable events include the Core CPI print on Tuesday, Fed press release and meeting on Wednesday, retail sales on Thursday, and S&amp;P flash Services and Manufacturing PMI on Friday.As of today, while a favorable inflation and Fed meeting could change things, the rejection of the S&amp;P 500 again at the descending trend line and a hold of the 200 day moving average, suggests that the next leg lower could be in order similar to other bear market rallies so far this year.

United States

Casey's General Stores, Inc. operates convenience stores in the Midwest.  The Company's stores, operating under the name Casey's General Store, carry a selection of food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items, as well as sells gasoline.

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Casey's General Stores (CASY US)

Casey's General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? - Major Drivers

Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of...

Baptista Research

Casey's General Stores: Initiation of Coverage - Exploding Across New Territories - How Their Bold Expansion is Winning the Market! - Major Drivers

This is our first report on Casey's General Stores. The company's performance in the previous quarter remains solid as it delivered strong...

Baptista Research

Favor Defensives as S&P 500 Tests 4165-4200; Buys in Consumer Staples & Europe/UK Telecomm

The $SPX is approaching the 4165-4200 area; we continue to believe this will cap upside in 2023. Considering limited upside, we continue to favor...

Vermilion Research

Weekly Stock Bullfinder - Week of 12/12

A few weeks back, I posted a chart showing the descending weekly trend line of the S&P 500 index to remind myself that the trend reminds down until...

Weekly Stock Bull Finder

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52-week Range

Market Cap (USDm)

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Casey's General Stores Inc.: Expanding Market Share Through Innovation In Food Service! - Major Drivers

Casey's General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range...

Baptista Research

Casey's General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? - Major Drivers

Casey's General Stores recently reported its third quarter results for fiscal 2024, showcasing growth in certain sectors, as well as some areas of...

Baptista Research

Casey's General Stores: Initiation of Coverage - Exploding Across New Territories - How Their Bold Expansion is Winning the Market! - Major Drivers

This is our first report on Casey's General Stores. The company's performance in the previous quarter remains solid as it delivered strong...

Baptista Research

Favor Defensives as S&P 500 Tests 4165-4200; Buys in Consumer Staples & Europe/UK Telecomm

The $SPX is approaching the 4165-4200 area; we continue to believe this will cap upside in 2023. Considering limited upside, we continue to favor...

Vermilion Research

Weekly Stock Bullfinder - Week of 12/12

A few weeks back, I posted a chart showing the descending weekly trend line of the S&P 500 index to remind myself that the trend reminds down until...

Weekly Stock Bull Finder