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>IDEX Corporation's Q1 2024 earnings highlighted the company's continued engagement in the global market, notable achievements during the quarter, and financial results, which were understandably mixed due to various factors.</li><li>Despite challenging comparatives, the company's Fluid & Metering Technologies and Fire & Safety/Diversified Products businesses recorded strong results, demonstrating its core execution capabilities.</li><li>This indicates the company's ability to adapt and reaffirms its positioning as a invested-interest even during turbulent market conditions.</li></ul>

IDEX Corporation's Q1 2024 earnings highlighted the company's continued engagement in the global market, notable achievements during the quarter, and financial results, which were understandably mixed due to various factors.Despite challenging comparatives, the company's Fluid & Metering Technologies and Fire & Safety/Diversified Products businesses recorded strong results, demonstrating its core execution capabilities.This indicates the company's ability to adapt and reaffirms its positioning as a invested-interest even during turbulent market conditions.

IDEX Corporation: Increasing End Market Demand Driving Organic Growth! - Major Drivers

<ul><li>IDEX experienced double-digit organic growth in the last quarter and achieved strong profitability and sales that were beyond market expectations.</li><li>IDEX is on its next phase of automation at Banjo and views continued improvement in efficiencies and delivery.</li><li>In its energy business, IDEX sees favorable demand for natural gas production, energy exports, and continued oil price support.</li></ul>

IDEX experienced double-digit organic growth in the last quarter and achieved strong profitability and sales that were beyond market expectations.IDEX is on its next phase of automation at Banjo and views continued improvement in efficiencies and delivery.In its energy business, IDEX sees favorable demand for natural gas production, energy exports, and continued oil price support.

IDEX Corporation: Continued Robustness In Life Sciences and Analytical Instrumentation – Key Drivers

Credit

<ul><li>IDEX Corporation is an industrial giant and is often in the news for its acquisition-led growth moves.</li><li>The company’s recent financial performance has been strong with double-digit growth in organic sales across its three segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products.</li><li>IDEX’s overall backlog positions remain strong though its operating margin has negatively impacted by incremental depreciation from recent acquisitions.</li></ul>

IDEX Corporation is an industrial giant and is often in the news for its acquisition-led growth moves.The company’s recent financial performance has been strong with double-digit growth in organic sales across its three segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products.IDEX’s overall backlog positions remain strong though its operating margin has negatively impacted by incremental depreciation from recent acquisitions.

IDEX Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on industrials major, IDEX Corporation.</li><li>The company is regularly in the news for its frequent acquisitions and generated good results in the third quarter, surpassing Wall Street expectations on all fronts.</li><li>We initiate coverage on the stock of IDEX Corporation with a ‘Hold’ rating.</li></ul>

This is our first report on industrials major, IDEX Corporation.The company is regularly in the news for its frequent acquisitions and generated good results in the third quarter, surpassing Wall Street expectations on all fronts.We initiate coverage on the stock of IDEX Corporation with a ‘Hold’ rating.

IDEX Corporation: Initiation of Coverage –  & Other 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

<ul>
<li>In last week's Compass (July 26) we discussed positive signals that we believe suggested the lows for this bear market may have already been established, or that downside is limited.</li>
<li>We continue to see more evidence that supports this claim; as a result, we are upgrading our outlook to neutral.</li>
<li>The SPX is reversing topside its 4-month downtrend, and the Russell 2000 (IWM), Russell Micro-Caps (IWC), and Russell 2000Growth (IWO) are each reversing topside their 9-month downtrends; the bottom's in.</li>
</ul>


In last week's Compass (July 26) we discussed positive signals that we believe suggested the lows for this bear market may have already been established, or that downside is limited.
We continue to see more evidence that supports this claim; as a result, we are upgrading our outlook to neutral.
The SPX is reversing topside its 4-month downtrend, and the Russell 2000 (IWM), Russell Micro-Caps (IWC), and Russell 2000Growth (IWO) are each reversing topside their 9-month downtrends; the bottom's in.


S&P 500 Reverses 4-Month Downtrend; Upgrading Consumer Discretionary to Market Weight

United States

IDEX Corporation designs, manufactures, and markets a variety of pump products, dispensing equipment, and other engineered products.  The Company's products include industrial pumps, lubrication systems, banding and clamping devices, and rescue tools.  IDEX markets its products to customers in the United States and overseas.

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Idex Corp (IEX US)

IDEX Corporation: Increasing End Market Demand Driving Organic Growth! - Major Drivers

IDEX Corporation's Q1 2024 earnings highlighted the company's continued engagement in the global market, notable achievements during the quarter,...

Baptista Research

IDEX Corporation: Continued Robustness In Life Sciences and Analytical Instrumentation – Key Drivers

IDEX experienced double-digit organic growth in the last quarter and achieved strong profitability and sales that were beyond market...

Baptista Research

IDEX Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

IDEX Corporation is an industrial giant and is often in the news for its acquisition-led growth moves. The company’s recent financial performance...

Baptista Research

IDEX Corporation: Initiation of Coverage – & Other Drivers

This is our first report on industrials major, IDEX Corporation. The company is regularly in the news for its frequent acquisitions and generated...

Baptista Research

S&P 500 Reverses 4-Month Downtrend; Upgrading Consumer Discretionary to Market Weight

We continue to see more evidence suggesting the lows are in; as a result, we are upgrading our outlook to neutral. 4-month downtrend reversal for...

Vermilion Research

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