Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>In this insight, we take a look at the upcoming constituent changes in the run up to the September 2024 index rebal event.</li>
<li>We expect two regular changes during September. More interestingly, a couple of SP500 members are working on spin-offs which could trigger some high-impact deletions over the next few months.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
In this insight, we take a look at the upcoming constituent changes in the run up to the September 2024 index rebal event.
We expect two regular changes during September. More interestingly, a couple of SP500 members are working on spin-offs which could trigger some high-impact deletions over the next few months.


Sep24 S&P500 Index Rebal - Two Changes Expected; $6bn One-Way Flow and Two Spinoffs?

Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

Thematic (Sector/Industry)

<ul><li>Zooming out first for a big picture perspective - helpful away from the news &amp; chatter:</li><li>Bears Make Headlines &amp; Lose Money, Bulls Make Money! As always … !</li><li>The bear case sounds very smart very often, only problem is, it’s quite rarely right … !</li></ul>

Zooming out first for a big picture perspective - helpful away from the news &amp; chatter:Bears Make Headlines &amp; Lose Money, Bulls Make Money! As always … !The bear case sounds very smart very often, only problem is, it’s quite rarely right … !

The S&P 500 Report: Performance, Profitability, Sentiment & More - #Ed 5

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>Etsy delivered an all-around beat in the previous quarter, with adjusted EBITDA margin and revenue increasing significantly.</li><li>Their year-over-year growth rate was negative, but it increased sequentially.</li><li>Etsy also observed healthy year-over-year growth in the number of new and reactivated buyers when bringing both groups together.</li></ul>

Etsy delivered an all-around beat in the previous quarter, with adjusted EBITDA margin and revenue increasing significantly.Their year-over-year growth rate was negative, but it increased sequentially.Etsy also observed healthy year-over-year growth in the number of new and reactivated buyers when bringing both groups together.

Etsy Inc.: What Are The Factors Responsible Behind Their Surge in New and Reactivated Buyers? - Financial Forecasts

Equity Capital Markets

<ul><li>Etsy reported another strong performance and kickstarted the year with an all-around beat.</li><li>With a roughly 11% increase in revenue to $641 million, the company's adjusted EBITDA margin was once again very high at 26.6%.</li><li>Etsy also witnessed strong trends in apparel, particularly in personalized and pop culture-related tops, tees, hoodies, sweatshirts, bags, purses, and gift goods.</li></ul>

Etsy reported another strong performance and kickstarted the year with an all-around beat.With a roughly 11% increase in revenue to $641 million, the company's adjusted EBITDA margin was once again very high at 26.6%.Etsy also witnessed strong trends in apparel, particularly in personalized and pop culture-related tops, tees, hoodies, sweatshirts, bags, purses, and gift goods.

Etsy Inc.: Can It Really Outperform The Major Indices? – Key Drivers

<ul><li>Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par.</li><li>The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated.</li><li>The company's marketing programs, including the Star Seller program, continued to benefit the company.</li></ul>

Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par.The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated.The company's marketing programs, including the Star Seller program, continued to benefit the company.

United States

Etsy, Inc. provides e-commerce services. The Company offers handmade and vintage items, art, and supplies, as well as regular items such as clothing, housewares, paper goods, candles, bags and purses, music, and wood working items. Etsy serves users throughout the United States.

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

Etsy Inc (ETSY US)

Sep24 S&P500 Index Rebal - Two Changes Expected; $6bn One-Way Flow and Two Spinoffs?

The S&P500 index rebal is coming in about 7 weeks. There are about 5 weeks of data left to tally. We expect there are two changes, but there are...

Travis Lundy

The S&P 500 Report: Performance, Profitability, Sentiment & More - #Ed 5

Zooming out first for a big picture perspective - helpful away from the news & chatter: Bears Make Headlines & Lose Money, Bulls Make Money! As...

Maverick Equity Research

Etsy Inc.: What Are The Factors Responsible Behind Their Surge in New and Reactivated Buyers? - Financial Forecasts

Etsy delivered an all-around beat in the previous quarter, with adjusted EBITDA margin and revenue increasing significantly. Their year-over-year...

Baptista Research

Etsy Inc.: Can It Really Outperform The Major Indices? – Key Drivers

Etsy reported another strong performance and kickstarted the year with an all-around beat. With a roughly 11% increase in revenue to $641 million,...

Baptista Research

Etsy Inc.: Major Drivers

Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)