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>In last week's Compass (Aug. 23) we discussed the increasing odds for a deeper pullback in the broad market indexes.</li>
<li>This was due to 5-week uptrend breaks on the SPX, NDX, and Russell 2000, the Fed tightening, and with Treasury yields, the U.S. dollar (DXY), and commodities (DJP) inflecting higher.</li>
<li>The market remains in pullback mode; the SPX, NDX, and Russell 2000 are all approaching 50-day MA support, the first big area of interest on this pullback.</li>
</ul>


In last week's Compass (Aug. 23) we discussed the increasing odds for a deeper pullback in the broad market indexes.
This was due to 5-week uptrend breaks on the SPX, NDX, and Russell 2000, the Fed tightening, and with Treasury yields, the U.S. dollar (DXY), and commodities (DJP) inflecting higher.
The market remains in pullback mode; the SPX, NDX, and Russell 2000 are all approaching 50-day MA support, the first big area of interest on this pullback.


Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar

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>Hershey had an outstanding quarter and surpassed Wall Street expectations in terms of revenues as well as earnings.</li><li>The second quarter experienced a very significant inventory replenishment.</li><li>The company continues to undergo its fair share of inflationary issues as well as struggles throughout the supply chain.</li></ul>

Hershey had an outstanding quarter and surpassed Wall Street expectations in terms of revenues as well as earnings.The second quarter experienced a very significant inventory replenishment.The company continues to undergo its fair share of inflationary issues as well as struggles throughout the supply chain.

Equity Capital Markets

<ul><li>Hershey had a strong quarter and has benefitted from a broad-based category growth across all regions.</li><li>The company is trying to be prudent in its investment strategy as a constant investment in capacity.</li><li>The most recent pricing actions taken by the management are on track and attempt to keep gross margins stable despite the input cost inflation.</li></ul>

Hershey had a strong quarter and has benefitted from a broad-based category growth across all regions.The company is trying to be prudent in its investment strategy as a constant investment in capacity.The most recent pricing actions taken by the management are on track and attempt to keep gross margins stable despite the input cost inflation.

Hershey Co.: Acquisition Success & New Products

Credit

<ul><li>Hershey finished 2021 on a highly positive note with a double-digit growth in the top-line as well as broad-based category growth.</li><li>The company has carried out the relevant pricing actions to deal with inflation and interestingly, saw a depletion in the inventory.</li><li>Hershey is actively expanding its headcount and has amplified its recruiting efforts to successfully manage expansion across 2022.</li></ul>

Hershey finished 2021 on a highly positive note with a double-digit growth in the top-line as well as broad-based category growth.The company has carried out the relevant pricing actions to deal with inflation and interestingly, saw a depletion in the inventory.Hershey is actively expanding its headcount and has amplified its recruiting efforts to successfully manage expansion across 2022.

The Hershey Company: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>Hershey reported a decent performance and double-digit growth in the last year with a broad-based category growth.</li><li>The company has carried out adequate pricing actions to deal with inflation and interestingly, saw a depletion in the inventory.</li><li>It is interesting to add that over the past couple of years, Hershey has gradually grown its capital expenditure which bodes well for the management’s expansion plans.</li></ul>

Hershey reported a decent performance and double-digit growth in the last year with a broad-based category growth.The company has carried out adequate pricing actions to deal with inflation and interestingly, saw a depletion in the inventory.It is interesting to add that over the past couple of years, Hershey has gradually grown its capital expenditure which bodes well for the management’s expansion plans.

The Hershey Company: Financial & Price Forecasts

United States

The Hershey Company manufactures chocolate and sugar confectionery products. The Company's principal products include chocolate and sugar confectionery products; gum and mint refreshment products; and pantry items, such as baking ingredients, toppings and beverages.

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Hershey Co/The (HSY US)

Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar

We still see the market as being in pullback mode; the $SPX, $QQQ $NDX, and $IWM $RUT are all testing 50-day MA support, the first big area of...

Vermilion Research

Hershey Co: Acquisition Success

Hershey had an outstanding quarter and surpassed Wall Street expectations in terms of revenues as well as earnings. The second quarter experienced...

Baptista Research

Hershey Co.: Acquisition Success & New Products

Hershey had a strong quarter and has benefitted from a broad-based category growth across all regions. The company is trying to be prudent in its...

Baptista Research

The Hershey Company: Detailed Credit Analysis & Financial Strength Evaluation Report

Hershey finished 2021 on a highly positive note with a double-digit growth in the top-line as well as broad-based category growth. The company has...

Baptista Research

The Hershey Company: Financial & Price Forecasts

Hershey reported a decent performance and double-digit growth in the last year with a broad-based category growth. The company has carried out...

Baptista Research

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