Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Wells Fargo Strengthens Investment Bank with JPMorgan Veteran Fernando Rivas</li>
<li>ConocoPhillips to Acquire Marathon Oil in $ 17 Billion Deal</li>
<li>Biden Administration Expands Clean Energy Tax Credits Beyond Wind and Solar</li>
</ul>


Wells Fargo Strengthens Investment Bank with JPMorgan Veteran Fernando Rivas
ConocoPhillips to Acquire Marathon Oil in $ 17 Billion Deal
Biden Administration Expands Clean Energy Tax Credits Beyond Wind and Solar


#7Business Buzz: WellsFargo Expands Investment Arm, ConocoPhillips $17 Bn Deal, VinFast US Plant

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>We have discussed for weeks that we will need to see the SPX and Nasdaq 100 close below their 20-day MAs for 2-3 consecutive days in order to get cautious.</li>
<li>This still hasn't happened (short-term trend remains bullish). If we get 2-3 closes below the 20-dayMAs, next support would be 4983-5050 on SPX, $425-$433 on QQQ (gap supports from 2/22/24)</li>
<li>If some or all of these gaps remain unfilled, it is a sign that bulls remain in control. We are seeing a rotation into commodity Sectors, we highlight several buys</li>
</ul>


We have discussed for weeks that we will need to see the SPX and Nasdaq 100 close below their 20-day MAs for 2-3 consecutive days in order to get cautious.
This still hasn't happened (short-term trend remains bullish). If we get 2-3 closes below the 20-dayMAs, next support would be 4983-5050 on SPX, $425-$433 on QQQ (gap supports from 2/22/24)
If some or all of these gaps remain unfilled, it is a sign that bulls remain in control. We are seeing a rotation into commodity Sectors, we highlight several buys


Upgrading Materials to Market Weight; Rotation into Commodity Sectors; SPX/NDX Holding Above Support

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/origin-energy-ltd" target="_blank" data-smartkarma-citation="entities:797:1" rel="noopener">Origin Energy (ORG AU)</a> scheme vote is on 23 November. Brookfield/EIG’s best and final offer is A$6.59 and US$1.86 per share, currently worth A$9.45.</li>
<li>With AusSuper reportedly increasing its stake past 17% on Friday, the scheme vote remains too close to call. Brookfield/EIG will need a large YES vote turnout for a successful vote.</li>
<li>If the scheme is voted down, there are mainly three Plan Bs – Brookfield/EIG’s alternate transaction structure, Board-initiated strategic review or maintaining the status quo.</li>
</ul>


The Origin Energy (ORG AU) scheme vote is on 23 November. Brookfield/EIG’s best and final offer is A$6.59 and US$1.86 per share, currently worth A$9.45.
With AusSuper reportedly increasing its stake past 17% on Friday, the scheme vote remains too close to call. Brookfield/EIG will need a large YES vote turnout for a successful vote.
If the scheme is voted down, there are mainly three Plan Bs – Brookfield/EIG’s alternate transaction structure, Board-initiated strategic review or maintaining the status quo.


Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>On the 31st October, AustralianSuper (with 13.67% of shares out and <a href="https://www.smartkarma.com/entities/origin-energy-ltd" target="_blank" data-smartkarma-citation="entities:797:1" rel="noopener">Origin Energy (ORG AU)</a>'s largest shareholder) <a href="https://www.australiansuper.com/-/media/australian-super/files/about-us/media-releases/australiansuper-rejects-brookfield-bid-for-origin-energy.pdf" target="_blank" rel="noopener">argued</a> the Brookfield/EIG-backed Consortium Offer remained substantially below its estimate of fair value.</li>
<li>Brookfield/EIG have now increased their Offer by 8% to $9.53/share from $8.81/share, which now comprises cash components of A$6.59/share and US$1.86/share. A consideration-reducing fully-franked dividend of A$0.39/share is expected.</li>
<li>
The Offer is declared "best and final." It is above the top-end of the IE's valuation range. AustralianSuper should accept the revised terms. But they say no.</li>
</ul>


On the 31st October, AustralianSuper (with 13.67% of shares out and Origin Energy (ORG AU)'s largest shareholder) argued the Brookfield/EIG-backed Consortium Offer remained substantially below its estimate of fair value.
Brookfield/EIG have now increased their Offer by 8% to $9.53/share from $8.81/share, which now comprises cash components of A$6.59/share and US$1.86/share. A consideration-reducing fully-franked dividend of A$0.39/share is expected.

The Offer is declared "best and final." It is above the top-end of the IE's valuation range. AustralianSuper should accept the revised terms. But they say no.


Origin: Brookfield Bumps. AustralianSuper Say Meh.

<ul>
<li>On 10th October, the ACCC cleared Brookfield to take over <a href="https://www.smartkarma.com/entities/origin-energy-ltd" target="_blank" data-smartkarma-citation="entities:797:1" rel="noopener">Origin Energy (ORG AU)</a>. </li>
<li>The transaction still needs shareholder approval and AustralianSuper with its too-big-to-ignore 13.68% stake reckons terms are below long-term value.</li>
<li>The Scheme Booklet is out with a 23 November Scheme Meeting. The IE backs out a fair value range of $8.45-$9.48/share, but as at June 30. A bump is imminent.</li>
</ul>


On 10th October, the ACCC cleared Brookfield to take over Origin Energy (ORG AU). 
The transaction still needs shareholder approval and AustralianSuper with its too-big-to-ignore 13.68% stake reckons terms are below long-term value.
The Scheme Booklet is out with a 23 November Scheme Meeting. The IE backs out a fair value range of $8.45-$9.48/share, but as at June 30. A bump is imminent.


Origin/Brookfield: Bump Expected Ahead Of 23 Nov Scheme Meeting

United States

ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.

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Conocophillips (COP US)

#7Business Buzz: WellsFargo Expands Investment Arm, ConocoPhillips $17 Bn Deal, VinFast US Plant

Wells Fargo hires JPMorgan veteran, ConocoPhillips acquires Marathon Oil for $17 bn, Biden expands clean energy tax credits.

Nimish Maheshwari

Upgrading Materials to Market Weight; Rotation into Commodity Sectors; SPX/NDX Holding Above Support

Upgrading Materials $XLB to Market Weight; Rotation into Commodity Sectors $XLE. $SPX and $QQQ holding above gap supports at 4983-5050 and $425...

Vermilion Research

Origin Energy (ORG AU): State of Play

With AusSuper increasing its stake on Friday, the scheme vote remains too close to call. If the scheme fails, there are mainly three Plan Bs, which...

Arun George

Origin: Brookfield Bumps. AustralianSuper Say Meh.

Trading down 5.3% to A$8.59/share as I type. Not a great outcome for minorities. Massive uncertainty. Alongside significant downside potential. ...

David Blennerhassett

Origin/Brookfield: Bump Expected Ahead Of 23 Nov Scheme Meeting

There's ~5% from a bump. If you can take advantage of franking credits (attached to the special divvie), this is still attractive. But, if not...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#7Business Buzz: WellsFargo Expands Investment Arm, ConocoPhillips $17 Bn Deal, VinFast US Plant

​Wells Fargo hires JPMorgan veteran, ConocoPhillips acquires Marathon Oil for $17 bn, Biden expands clean energy tax credits.

Nimish Maheshwari

Upgrading Materials to Market Weight; Rotation into Commodity Sectors; SPX/NDX Holding Above Support

Upgrading Materials $XLB to Market Weight; Rotation into Commodity Sectors $XLE. $SPX and $QQQ holding above gap supports at 4983-5050 and $425...

Vermilion Research

Origin Energy (ORG AU): State of Play

With AusSuper increasing its stake on Friday, the scheme vote remains too close to call. If the scheme fails, there are mainly three Plan Bs, which...

Arun George

Origin: Brookfield Bumps. AustralianSuper Say Meh.

Trading down 5.3% to A$8.59/share as I type. Not a great outcome for minorities. Massive uncertainty. Alongside significant downside potential. ...

David Blennerhassett

Origin/Brookfield: Bump Expected Ahead Of 23 Nov Scheme Meeting

There's ~5% from a bump. If you can take advantage of franking credits (attached to the special divvie), this is still attractive. But, if not...

David Blennerhassett

Wells Fargo hires JPMorgan veteran, ConocoPhillips acquires Marathon Oil for $17 bn, Biden expands clean energy tax credits.