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>Evergy, Inc., in its Q2 2024 Earnings, reported an adjusted earnings increase to $0.90 per share from $0.81 per share a year ago.</li><li>This growth was primarily fueled by enhanced demand, supportive weather conditions, implementation of new retail rates, and a rise in transmission margin.</li><li>Conversely, this was slightly offset by escalated operations and maintenance costs, along with increments in depreciation, amortization, and interest expenses.</li></ul>

Evergy, Inc., in its Q2 2024 Earnings, reported an adjusted earnings increase to $0.90 per share from $0.81 per share a year ago.This growth was primarily fueled by enhanced demand, supportive weather conditions, implementation of new retail rates, and a rise in transmission margin.Conversely, this was slightly offset by escalated operations and maintenance costs, along with increments in depreciation, amortization, and interest expenses.

Evergy Inc.: These Are The 6 Biggest Factors Driving Its Performance! - Major Drivers

<ul><li>Evergy, Inc. reported its financial results for the first quarter of 2024, indicating a mix of strengths and challenges impacting its performance.</li><li>The company delivered adjusted earnings of $0.54 per share, down from $0.59 per share in the same period the previous year.</li><li>This reduction in earnings per share can be attributed largely to increased costs, including higher operations and maintenance expenses, depreciation and amortization expenses, and interest expenses.</li></ul>

Evergy, Inc. reported its financial results for the first quarter of 2024, indicating a mix of strengths and challenges impacting its performance.The company delivered adjusted earnings of $0.54 per share, down from $0.59 per share in the same period the previous year.This reduction in earnings per share can be attributed largely to increased costs, including higher operations and maintenance expenses, depreciation and amortization expenses, and interest expenses.

Evergy Inc.: Initiation of Coverage - Is Its Focus on Economic Development and Large Load Customers Paying Off? - 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

We remain cautious as there continues to be several new or persisting negative signals which tell us that upside is likely to be muted from here -- barring improvements. At the same time we are not seeing widespread breakdowns and the major averages are still consolidating within a 1-month horizontal range. As long as this consolidation continues, a neutral outlook is appropriate. In today’s report we highlight attractive Groups and stocks within health care staffing, silver, and platinum miners, and Electric and Gas utilities.

We remain cautious as there continues to be several new or persisting negative signals which tell us that upside is likely to be muted from here -- barring improvements. At the same time we are not seeing widespread breakdowns and the major averages are still consolidating within a 1-month horizontal range. As long as this consolidation continues, a neutral outlook is appropriate. In today’s report we highlight attractive Groups and stocks within health care staffing, silver, and platinum miners, and Electric and Gas utilities.

S&P 500 Consolidating Despite Negative Signals

The S&amp;P 500 was not able to break through the 2,817 and 100-day moving average resistance levels last week, and has now fallen abruptly back to test 2,600 support. For now our outlook remains cautious and we continue to expect heightened volatility and horizontal consolidation between the aforementioned support and resistance levels. Absent any real clarity in regards to Fed policy or U.S.-China trade relations, the S&amp;P 500 is vulnerable to a breakdown.  We highlight opportunities within Pharmaceuticals and Waste Services, two areas of the market with defensive characteristics that currently exhibit timely technicals.

The S&amp;P 500 was not able to break through the 2,817 and 100-day moving average resistance levels last week, and has now fallen abruptly back to test 2,600 support. For now our outlook remains cautious and we continue to expect heightened volatility and horizontal consolidation between the aforementioned support and resistance levels. Absent any real clarity in regards to Fed policy or U.S.-China trade relations, the S&amp;P 500 is vulnerable to a breakdown.  We highlight opportunities within Pharmaceuticals and Waste Services, two areas of the market with defensive characteristics that currently exhibit timely technicals.

We remain extremely cautious and expect consolidation, volatility, and lower prices to continue as the market searches for a bottom.  In today's report we recap our U.S. equity investment thesis and highlight attractive Groups within Services and Utilities: SV-16 Waste Services, Small-Cap, and UT-06 Electric, Midwest.

We remain extremely cautious and expect consolidation, volatility, and lower prices to continue as the market searches for a bottom.  In today's report we recap our U.S. equity investment thesis and highlight attractive Groups within Services and Utilities: SV-16 Waste Services, Small-Cap, and UT-06 Electric, Midwest.

U.S. Equity Update - Cautious Outlook, Downgrading Manufacturing

United States

Evergy, Inc. provides electricity generation, transmission, and distribution services. The Company offers its services in the United States.

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Evergy (EVRG US)

Evergy Inc.: These Are The 6 Biggest Factors Driving Its Performance! - Major Drivers

Evergy, Inc., in its Q2 2024 Earnings, reported an adjusted earnings increase to $0.90 per share from $0.81 per share a year ago. This growth was...

Baptista Research

Evergy Inc.: Initiation of Coverage - Is Its Focus on Economic Development and Large Load Customers Paying Off? - Major Drivers

Evergy, Inc. reported its financial results for the first quarter of 2024, indicating a mix of strengths and challenges impacting its...

Baptista Research

S&P 500 Consolidating Despite Negative Signals

We remain cautious as there continues to be several new or persisting negative signals which tell us that upside is likely to be muted from here --...

Vermilion Research

S&P 500 Revisiting 2,600 Support

The S&P 500 was not able to break through the 2,817 and 100-day moving average resistance levels last week, and has now fallen abruptly back to...

Vermilion Research

U.S. Equity Update - Cautious Outlook, Downgrading Manufacturing

We remain extremely cautious and expect consolidation, volatility, and lower prices to continue as the market searches for a bottom. In today's...

Vermilion Research

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