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.

Credit

<ul><li>Franklin Resources, Inc., operating as Franklin Templeton, reported solid fiscal third-quarter results marked by broad-based growth across multiple asset classes and geographies.</li><li>The company recorded $18.4 billion in long-term net inflows for the quarter, contributing to a fiscal year-to-date total of $63.3 billion in net inflows and bringing assets under management (AUM) to a record $1.8 trillion.</li><li>Positive net flows were achieved across public equities, global fixed income, multi-asset solutions, alternatives, ETFs, retail separately managed accounts (SMAs), and the Canvas custom portfolio platform.</li></ul>

Franklin Resources, Inc., operating as Franklin Templeton, reported solid fiscal third-quarter results marked by broad-based growth across multiple asset classes and geographies.The company recorded $18.4 billion in long-term net inflows for the quarter, contributing to a fiscal year-to-date total of $63.3 billion in net inflows and bringing assets under management (AUM) to a record $1.8 trillion.Positive net flows were achieved across public equities, global fixed income, multi-asset solutions, alternatives, ETFs, retail separately managed accounts (SMAs), and the Canvas custom portfolio platform.

Franklin Resources Inc.’s $620 Billion Credit Powerhouse — Public & Private Markets Converge!

Equity Bottom-Up

<ul><li>Franklin Resources, Inc. reported a quarter marked by strong organic growth and diversified inflows, reflecting the ongoing execution of its multi-year strategic plan.</li><li>The company achieved $16.9 billion in long-term net inflows across public and private markets, with broad-based contributions from private markets, retail separately managed accounts (SMAs), its Canvas customization platform, actively managed ETFs, and other solution-oriented offerings.</li><li>Total assets under management stood at $1.68 trillion, with positive flows in every region and across multiple investment groups.</li></ul>

Franklin Resources, Inc. reported a quarter marked by strong organic growth and diversified inflows, reflecting the ongoing execution of its multi-year strategic plan.The company achieved $16.9 billion in long-term net inflows across public and private markets, with broad-based contributions from private markets, retail separately managed accounts (SMAs), its Canvas customization platform, actively managed ETFs, and other solution-oriented offerings.Total assets under management stood at $1.68 trillion, with positive flows in every region and across multiple investment groups.

Franklin Templeton: Alternative Assets Are Booming—But Is This Quiet Giant Building a Private Markets Empire?

<ul><li>Franklin Resources, Inc. is repositioning itself as a diversified global asset and wealth manager with a multiyear strategy centered on alternatives, ETFs, customized SMAs, and technology-enabled solutions.</li><li>Operating under the Franklin Templeton brand, the firm spans public and private markets, distributes in more than 150 countries, and is expanding in wealth management and OCIO.</li><li>The first year of its five-year plan showed solid execution across alternatives, ETFs, and the Canvas direct-indexing platform, although results still reflect Western Asset outflows, a mix shift toward lower-fee products, and higher investment spending.</li></ul>

Franklin Resources, Inc. is repositioning itself as a diversified global asset and wealth manager with a multiyear strategy centered on alternatives, ETFs, customized SMAs, and technology-enabled solutions.Operating under the Franklin Templeton brand, the firm spans public and private markets, distributes in more than 150 countries, and is expanding in wealth management and OCIO.The first year of its five-year plan showed solid execution across alternatives, ETFs, and the Canvas direct-indexing platform, although results still reflect Western Asset outflows, a mix shift toward lower-fee products, and higher investment spending.

Franklin Resources Inc.: Can Its Explosive Alternatives Push to $100 Billion Transform Earnings Power?

Alpha-Centric ESG Research

Kyle Rudden

Two days ago the U.K. Financial Reporting Council announced 125 successful signatories (aka "not greenwashers") to the revised U.K. Stewardship Code. Signatories are integrating stewardship and ESG (Environmental, Social, Governance) factors into investment decisions, to high standards.Whilst this is ostensibly limited to U.K. pension assets, ramifications are more far-reaching than it might at first appear (one indication is the number of North American and Asia Pacific signatories, in addition to the expected European names). More specifically, the broad relevance is because it:<ul>
<li>Affects firms doing business with U.K. asset managers/owners not just the managers/owners.</li>
<li>Is a quasi-blueprint for similar anti-greenwashing initiatives taking root in the U.S. and Asia.</li>
<li>Greenwashing is having an increasing impact on stocks prices (e.g., DWS Group last month).</li>
</ul>This is one battle in an emerging global war on greenwashing. The U.S. SEC has its own agenda to fight greenwashing and Asia isn't far behind (e.g., regulators in Japan stepping up scrutiny). There is more to come, and a lot to learn from this including who is (and is not) on the signatory list.

Two days ago the U.K. Financial Reporting Council announced 125 successful signatories (aka "not greenwashers") to the revised U.K. Stewardship Code. Signatories are integrating stewardship and ESG (Environmental, Social, Governance) factors into investment decisions, to high standards.Whilst this is ostensibly limited to U.K. pension assets, ramifications are more far-reaching than it might at first appear (one indication is the number of North American and Asia Pacific signatories, in addition to the expected European names). More specifically, the broad relevance is because it:
Affects firms doing business with U.K. asset managers/owners not just the managers/owners.
Is a quasi-blueprint for similar anti-greenwashing initiatives taking root in the U.S. and Asia.
Greenwashing is having an increasing impact on stocks prices (e.g., DWS Group last month).
This is one battle in an emerging global war on greenwashing. The U.S. SEC has its own agenda to fight greenwashing and Asia isn't far behind (e.g., regulators in Japan stepping up scrutiny). There is more to come, and a lot to learn from this including who is (and is not) on the signatory list.

The War on Greenwashing: UK Stewardship Code "Successful Signatories" Has Broader Implications

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

In last week’s Compass we noted the S&amp;P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get to uptrend support. Considering the S&amp;P 500 fell roughly 1% last week we believe the recent pause appears to be a normal and healthy pullback within the multi-month uptrend. Despite the potential for additional backing-and-filling toward the uptrend support, our expectation is that this uptrend continues, supporting our overall positive outlook.

In last week’s Compass we noted the S&amp;P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get to uptrend support. Considering the S&amp;P 500 fell roughly 1% last week we believe the recent pause appears to be a normal and healthy pullback within the multi-month uptrend. Despite the potential for additional backing-and-filling toward the uptrend support, our expectation is that this uptrend continues, supporting our overall positive outlook.

S&P 500: A Pause in the Uptrend - More Consolidation Expected.

United States

Franklin Resources, Inc. (d.b.a. Franklin Templeton Investments) provides investment advisory services to mutual fund, retirement, institutional/separate accounts and high net worth investors. The Company manages various asset classes including global equity, global institutional and municipal fixed income, money funds, alternative investments, and hedge funds.

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Franklin Resources (BEN US)

Franklin Resources Inc.’s $620 Billion Credit Powerhouse — Public & Private Markets Converge!

Franklin Resources, Inc., operating as Franklin Templeton, reported solid fiscal third-quarter results marked by broad-based growth across...

Baptista Research

Franklin Templeton: Alternative Assets Are Booming—But Is This Quiet Giant Building a Private Markets Empire?

Franklin Resources, Inc. reported a quarter marked by strong organic growth and diversified inflows, reflecting the ongoing execution of its...

Baptista Research

Franklin Resources Inc.: Can Its Explosive Alternatives Push to $100 Billion Transform Earnings Power?

Franklin Resources, Inc. is repositioning itself as a diversified global asset and wealth manager with a multiyear strategy centered on...

Baptista Research

The War on Greenwashing: UK Stewardship Code "Successful Signatories" Has Broader Implications

Telegraph from European front in global war on greenwashing. U.K. names stewardship victors ("not greenwashers"). Many notable casualties. Anti...

Kyle Rudden

S&P 500: A Pause in the Uptrend - More Consolidation Expected.

In last week’s Compass we noted the S&P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get...

Vermilion Research

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