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

Interpublic Group Of Companies / Equity Bottom-Up

<ul><li>Interpublic Group (IPG) announced its Q1 2024 earnings, showing a solid start to the year with performance consistent with growth and margin targets shared earlier in 2024.</li><li>The company's revenue before billable expenses increased organically by 1.3%, driven by strong growth in Europe, followed by LatAm and the U.S. The growth was solid at IPG Mediabrands, and the company had growth sectors worldwide led by double-digit increases among healthcare and food and beverage clients.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Interpublic Group (IPG) announced its Q1 2024 earnings, showing a solid start to the year with performance consistent with growth and margin targets shared earlier in 2024.The company's revenue before billable expenses increased organically by 1.3%, driven by strong growth in Europe, followed by LatAm and the U.S. The growth was solid at IPG Mediabrands, and the company had growth sectors worldwide led by double-digit increases among healthcare and food and beverage clients.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

The Interpublic Group of Companies: Adoption & Integration of AI Propelling Them Ahead Of Competition? - Major Drivers

<ul><li>In the Q4 2023 earnings of Interpublic Group (IPG), the company exceeded expectations by achieving its strongest growth of the year in Q4, achieving an organic growth of 1.7%.</li><li>However, this figure was said to mask the presence of certain cross-currents in the economy and within IPG's portfolio of services and client roster.</li><li>The tech and telecom sector, which was particularly affected by austerity measures, and the challenges faced by IPG's digital specialist agencies negatively impacted its overall growth.</li></ul>

In the Q4 2023 earnings of Interpublic Group (IPG), the company exceeded expectations by achieving its strongest growth of the year in Q4, achieving an organic growth of 1.7%.However, this figure was said to mask the presence of certain cross-currents in the economy and within IPG's portfolio of services and client roster.The tech and telecom sector, which was particularly affected by austerity measures, and the challenges faced by IPG's digital specialist agencies negatively impacted its overall growth.

The Interpublic Group of Companies: Can Its Investments In Artificial Intelligence Catalyze Its Future Top-Line Growth? - Major Drivers

<ul><li>Interpublic Group of Companies delivered a mixed set of results for the previous quarter with revenues below the analyst consensus.</li><li>The company reported a 1.7% decrease in organic revenue before billable expenses in the second quarter of the year, compared to the 7.9% organic growth in the same quarter of the previous year.</li><li>Despite these challenges, Interpublic Group of Companies observed growth in areas such as media offerings, healthcare, public relations, and experiential offerings.</li></ul>

Interpublic Group of Companies delivered a mixed set of results for the previous quarter with revenues below the analyst consensus.The company reported a 1.7% decrease in organic revenue before billable expenses in the second quarter of the year, compared to the 7.9% organic growth in the same quarter of the previous year.Despite these challenges, Interpublic Group of Companies observed growth in areas such as media offerings, healthcare, public relations, and experiential offerings.

The Interpublic Group of Companies: Are The New Tech & AI-Driven Partnerships A Potential Growth Catalyst? - Major Drivers

<ul><li>Interpublic Group of Companies managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>The company's organic revenue before billable expenses was down 20 basis points compared to last year's extremely high first-quarter organic increase of 11.5%.</li><li>We give the Interpublic Group of Companies a 'Hold' rating with a revised target price.</li></ul>

Interpublic Group of Companies managed to exceed analyst expectations in terms of revenue as well as earnings.The company's organic revenue before billable expenses was down 20 basis points compared to last year's extremely high first-quarter organic increase of 11.5%.We give the Interpublic Group of Companies a 'Hold' rating with a revised target price.

The Interpublic Group of Companies: Overcoming Challenges in Integrated Advertising & Creativity Led Solutions! – Key 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

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>Since January 2023 we have anticipated 4165-4200 would cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.</li>
<li>So far there has not been much traction above 4200. Obvious problem is weak breadth, but this does not <em>have to</em> end badly if large-caps pause, and capital disperses elsewhere</li>
<li>To that end, we're watching the Russell 2000 (IWM) which is testing 2.5-month resistance at $180; a break above resistance would signal improving breadth and would be a positive development</li>
</ul>


Since January 2023 we have anticipated 4165-4200 would cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.
So far there has not been much traction above 4200. Obvious problem is weak breadth, but this does not have to end badly if large-caps pause, and capital disperses elsewhere
To that end, we're watching the Russell 2000 (IWM) which is testing 2.5-month resistance at $180; a break above resistance would signal improving breadth and would be a positive development


Russell 2000 (IWM) Testing $180 Resistance; Rising Treasury Yields & DXY To Become a Problem?

United States

The Interpublic Group of Companies, Inc. is an organization of advertising agencies and marketing service companies.  The Company operates globally in the sectors of advertising, independent media buying, direct marketing, healthcare communications, interactive consulting services, marketing research, promotions, experiential marketing, public relations, and sports marketing.

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Interpublic Group Of Companies (IPG US)

The Interpublic Group of Companies: Adoption & Integration of AI Propelling Them Ahead Of Competition? - Major Drivers

Interpublic Group (IPG) announced its Q1 2024 earnings, showing a solid start to the year with performance consistent with growth and margin...

Baptista Research

The Interpublic Group of Companies: Can Its Investments In Artificial Intelligence Catalyze Its Future Top-Line Growth? - Major Drivers

In the Q4 2023 earnings of Interpublic Group (IPG), the company exceeded expectations by achieving its strongest growth of the year in Q4,...

Baptista Research

The Interpublic Group of Companies: Are The New Tech & AI-Driven Partnerships A Potential Growth Catalyst? - Major Drivers

Interpublic Group of Companies delivered a mixed set of results for the previous quarter with revenues below the analyst consensus. The company...

Baptista Research

The Interpublic Group of Companies: Overcoming Challenges in Integrated Advertising & Creativity Led Solutions! – Key Drivers

Interpublic Group of Companies managed to exceed analyst expectations in terms of revenue as well as earnings. The company's organic revenue...

Baptista Research

Russell 2000 (IWM) Testing $180 Resistance; Rising Treasury Yields & DXY To Become a Problem?

So far there has been little traction above $SPX 4200. Weak breadth remains an obvious problem. We are watching the $IWM which is testing $180; a...

Vermilion Research

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