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>CenterPoint Energy's third quarter 2024 earnings call highlights both achievements and challenges in the utility company's recent performance.</li><li>Situated in the heart of an active hurricane season, the call commenced with the company extending concerns and support for those affected by Hurricanes Helene and Milton.</li><li>This also underscored CenterPoint's resilience and industry solidarity, demonstrated by their significant participation in mutual aid efforts despite disruptions caused by these natural disasters.</li></ul>

CenterPoint Energy's third quarter 2024 earnings call highlights both achievements and challenges in the utility company's recent performance.Situated in the heart of an active hurricane season, the call commenced with the company extending concerns and support for those affected by Hurricanes Helene and Milton.This also underscored CenterPoint's resilience and industry solidarity, demonstrated by their significant participation in mutual aid efforts despite disruptions caused by these natural disasters.

CenterPoint Energy: Accelerates Customer Growth with Strategic Rate Adjustments & Revenue Boosts! - Major Drivers

<ul><li>CenterPoint Energy, during its second quarter of 2024 earnings conference call, presented mixed results along with reaffirmation of its future guidance amidst the challenges posed by Hurricane Beryl.</li><li>The company reported both GAAP and non-GAAP EPS at $0.36 per share and has maintained its full year non-GAAP EPS guidance range of $1.61 to $1.63.</li><li>The company’s leadership emphasized continued growth in the mid- to high-end of their 6% to 8% range annually through 2030 for non-GAAP EPS and dividend per share growth.</li></ul>

CenterPoint Energy, during its second quarter of 2024 earnings conference call, presented mixed results along with reaffirmation of its future guidance amidst the challenges posed by Hurricane Beryl.The company reported both GAAP and non-GAAP EPS at $0.36 per share and has maintained its full year non-GAAP EPS guidance range of $1.61 to $1.63.The company’s leadership emphasized continued growth in the mid- to high-end of their 6% to 8% range annually through 2030 for non-GAAP EPS and dividend per share growth.

<ul><li>CenterPoint Energy has published its first-quarter results for 2024, showing significant resilience and strategic maneuvering despite prevailing challenges.</li><li>The company achieved non-GAAP EPS of $0.55, successfully earning over one-third of its full-year earnings projection at the midpoint.</li><li>This result underscores its projected annual EPS growth of 8%, aligning with its strategic plan to bolster shareholder value consistently.</li></ul>

CenterPoint Energy has published its first-quarter results for 2024, showing significant resilience and strategic maneuvering despite prevailing challenges.The company achieved non-GAAP EPS of $0.55, successfully earning over one-third of its full-year earnings projection at the midpoint.This result underscores its projected annual EPS growth of 8%, aligning with its strategic plan to bolster shareholder value consistently.

CenterPoint Energy Inc.: Initiation of Coverage - These Are The 4 Pivotal Factors Driving Its Performance! - Financial 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

US Treasury (10 Yr Generic) / Technical Analysis

Charts Highlighted: XLE, RYE, WTI Crude Oil, XLF, XLB, XLI, RCD, EEM, XLU, XLP, AWK, AEE, WMT, PEP, NUE, STLD, X, CMC, SMSMY, SCHN, RYI, TMST, MT, TX, MTL, ETR, FTS, CMS, CNP, LNT, NI, OGE, BKH, NEE, DUK, SO, and AEPCyclical value areas including Financials, Materials, Manufacturing, Transportation, and equal-weighted Discretionary display short-term improvement as interest rates show signs of a potential bottom at 1.13%. This is encouraging, however we are still neutral yet constructive overall. As we noted last week, we need to see the 10-year Treasury yield breach, and hold above, 1.45%, as well as sustained price improvement by small-caps (i.e., IWM above $234.50) before we can declare a new broad-based bull market.

Charts Highlighted: XLE, RYE, WTI Crude Oil, XLF, XLB, XLI, RCD, EEM, XLU, XLP, AWK, AEE, WMT, PEP, NUE, STLD, X, CMC, SMSMY, SCHN, RYI, TMST, MT, TX, MTL, ETR, FTS, CMS, CNP, LNT, NI, OGE, BKH, NEE, DUK, SO, and AEPCyclical value areas including Financials, Materials, Manufacturing, Transportation, and equal-weighted Discretionary display short-term improvement as interest rates show signs of a potential bottom at 1.13%. This is encouraging, however we are still neutral yet constructive overall. As we noted last week, we need to see the 10-year Treasury yield breach, and hold above, 1.45%, as well as sustained price improvement by small-caps (i.e., IWM above $234.50) before we can declare a new broad-based bull market.

10-Year Treasury Yield Below Key Resistance; Buying Utilities, Consumer Staples, and Steel Stocks

The S&amp;P 500, Nasdaq 100, and Russell 2000 are all holding above their respective short-term support levels and market dynamics remain positive. As a result, our outlook remains bullish and we continue to believe a “buy the dip” mentality is warranted. In today’s report we highlight attractive Groups and stocks within Services, Transportation, &amp; Utilities: Construction &amp; Engineering, Large-Cap, Auctions, Vehicle Rentals/Leasing, Electric, Southwest

The S&amp;P 500, Nasdaq 100, and Russell 2000 are all holding above their respective short-term support levels and market dynamics remain positive. As a result, our outlook remains bullish and we continue to believe a “buy the dip” mentality is warranted. In today’s report we highlight attractive Groups and stocks within Services, Transportation, &amp; Utilities: Construction &amp; Engineering, Large-Cap, Auctions, Vehicle Rentals/Leasing, Electric, Southwest

U. S. Equity Strategy: Upgrading Utilities; Downgrading Communications

United States

CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, conducts activities in electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations, and power generation.

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Centerpoint Energy (CNP US)

CenterPoint Energy: Accelerates Customer Growth with Strategic Rate Adjustments & Revenue Boosts! - Major Drivers

CenterPoint Energy's third quarter 2024 earnings call highlights both achievements and challenges in the utility company's recent...

Baptista Research

CenterPoint Energy: Regulatory Approvals

CenterPoint Energy, during its second quarter of 2024 earnings conference call, presented mixed results along with reaffirmation of its future...

Baptista Research

CenterPoint Energy Inc.: Initiation of Coverage - These Are The 4 Pivotal Factors Driving Its Performance! - Financial Forecasts

CenterPoint Energy has published its first-quarter results for 2024, showing significant resilience and strategic maneuvering despite prevailing...

Baptista Research

10-Year Treasury Yield Below Key Resistance; Buying Utilities, Consumer Staples, and Steel Stocks

Cyclical value areas are improving, but so are defensives. In order to get more bullish, we need to see the 10-year Treasury yield break above...

Vermilion Research

U. S. Equity Strategy: Upgrading Utilities; Downgrading Communications

We are upgrading Utilities and downgrading Communications. We recap important technical levels across major indexes and share actionable ideas...

Vermilion Research

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