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>Masco Corporation started the year strong with operating profit margin expansion and EPS growth compared to the previous year.</li><li>This strength was driven by improved operational efficiencies, solid execution, and the strength of the company's repair and remodel product portfolio.</li><li>Despite this, the company's top line failed to impress as it decreased by 3% in the quarter, in line with company expectations.</li></ul>

Masco Corporation started the year strong with operating profit margin expansion and EPS growth compared to the previous year.This strength was driven by improved operational efficiencies, solid execution, and the strength of the company's repair and remodel product portfolio.Despite this, the company's top line failed to impress as it decreased by 3% in the quarter, in line with company expectations.

Masco Corporation: Will Its Margins Remain Stable Despite Seasonal Fluctuations? - Major Drivers

<ul><li>Masco Corporation delivered robust fourth quarter results despite some softening in the home improvement and DIY market, signaling the company's ability to successfully navigate changing market conditions.</li><li>Faced with overall market softening and a 2% decline in top-line results, the company turned to pricing disciplines, cost reductions, and operational efficiencies to improve margins.</li><li>Contrary to the volume decrease, Masco reported an increase in operating profit by $38 million owing to an improved price/commodity relationship and efficiency efforts throughout its operations.</li></ul>

Masco Corporation delivered robust fourth quarter results despite some softening in the home improvement and DIY market, signaling the company's ability to successfully navigate changing market conditions.Faced with overall market softening and a 2% decline in top-line results, the company turned to pricing disciplines, cost reductions, and operational efficiencies to improve margins.Contrary to the volume decrease, Masco reported an increase in operating profit by $38 million owing to an improved price/commodity relationship and efficiency efforts throughout its operations.

Masco Corporation: Will The Continued Investments in Key Growth Areas Yield Results In 2024? - Major Drivers

<ul><li>Masco Corporation delivered a positive result and managed an all-around beat in the last quarter.</li><li>The company faced a challenging business landscape in the second quarter, with a 10% decrease in top-line revenue despite a robust 8% comparison.</li><li>Despite the top-line decline, Plumbing managed to expand its margin by 270 basis points, reaching 20% in the second quarter.</li></ul>

Masco Corporation delivered a positive result and managed an all-around beat in the last quarter.The company faced a challenging business landscape in the second quarter, with a 10% decrease in top-line revenue despite a robust 8% comparison.Despite the top-line decline, Plumbing managed to expand its margin by 270 basis points, reaching 20% in the second quarter.

Masco Corporation: A Glimpse into their Master Strategy amid Challenging Comparisons! - 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

<ul>
<li>Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"</li>
<li>All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).</li>
<li>Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.</li>
</ul>


Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"
All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).
Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.


Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

Credit

<ul><li>Masco Corporation is a major player involved in the design, manufacture and distribution of home improvement and building products.</li><li>Over the year, DIY paint saw low single-digit growth which has impacted their growth.</li><li>Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.</li></ul>

Masco Corporation is a major player involved in the design, manufacture and distribution of home improvement and building products.Over the year, DIY paint saw low single-digit growth which has impacted their growth.Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

Masco Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

United States

Masco Corporation manufactures, and sells home improvement and building products.  The Company's products include faucets, kitchen and bath cabinets, architectural coatings, and builders' hardware products.  Masco sells its products through mass merchandisers, home centers, hardware stores, and other wholesale and retail outlets to consumers and contractors.

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Masco Corp (MAS US)

Masco Corporation: Will Its Margins Remain Stable Despite Seasonal Fluctuations? - Major Drivers

Masco Corporation started the year strong with operating profit margin expansion and EPS growth compared to the previous year. This strength was...

Baptista Research

Masco Corporation: Will The Continued Investments in Key Growth Areas Yield Results In 2024? - Major Drivers

Masco Corporation delivered robust fourth quarter results despite some softening in the home improvement and DIY market, signaling the company's...

Baptista Research

Masco Corporation: A Glimpse into their Master Strategy amid Challenging Comparisons! - Major Drivers

Masco Corporation delivered a positive result and managed an all-around beat in the last quarter. The company faced a challenging business...

Baptista Research

Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

Lockout Rally Continues; Breakouts Piling Up; $SPX Breakout Above 2-Yr Resistance at 4600-4607, $COMP Breakout Above 14,400. This is what a strong...

Vermilion Research

Masco Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

Masco Corporation is a major player involved in the design, manufacture and distribution of home improvement and building products. Over the year,...

Baptista Research

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