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

Meta Platforms (Facebook) / Equity Bottom-Up

<ul><li>Meta Platforms performed a mixed result with earnings below expectations, ending a rather difficult fiscal year.</li><li>The management claims that number of daily users of Facebook, Instagram, and WhatsApp is at an all-time high.</li><li>Facebook's engagement is decent, and it is expanding globally, with over 2 billion daily and approximately 3 billion monthly active users.</li></ul>

Meta Platforms performed a mixed result with earnings below expectations, ending a rather difficult fiscal year.The management claims that number of daily users of Facebook, Instagram, and WhatsApp is at an all-time high.Facebook's engagement is decent, and it is expanding globally, with over 2 billion daily and approximately 3 billion monthly active users.

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>Microsoft news of rolling out ChapGPT into its Bing search browser and eventually into its Microsoft Office product suite has dominated the news cycle the past few weeks as AI computing has garnered Wall St.’s full attention.</li><li>Within two months, OpenAI’s ChatGPT app has registered 100 million users – nearly one-third of the U.S. population.</li><li>Microsoft has not hidden it plans to challenge Google search dominance and erode its existing market share.</li></ul>

Microsoft news of rolling out ChapGPT into its Bing search browser and eventually into its Microsoft Office product suite has dominated the news cycle the past few weeks as AI computing has garnered Wall St.’s full attention.Within two months, OpenAI’s ChatGPT app has registered 100 million users – nearly one-third of the U.S. population.Microsoft has not hidden it plans to challenge Google search dominance and erode its existing market share.

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>MAUs grew just 5M or 1% QoQ while ARPU was flat. Little turnaround traction evident despite lots of empty statistics offered.</li>
<li>Longtime CFO Todd Morgenfeld departing, offers vague margin expansion promises.</li>
<li>Revenue and opex guidance for 1Q23 below consensus...not good for a consensus long.</li>
</ul>


MAUs grew just 5M or 1% QoQ while ARPU was flat. Little turnaround traction evident despite lots of empty statistics offered.
Longtime CFO Todd Morgenfeld departing, offers vague margin expansion promises.
Revenue and opex guidance for 1Q23 below consensus...not good for a consensus long.


Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

<ul>
<li>We are initiating coverage of Immersion (IMMR) with a Buy Rating and $11 target</li>
<li>IMMR is a haptics technology developer that has undergone a management change that could further result in a series of material developments</li>
<li>IMMR naming Eric Singer as its CEO suggests there is more to come from IMMR than the cost cuts IMMR undertook two years ago when Mr. Singer joined the Board</li>
</ul>


We are initiating coverage of Immersion (IMMR) with a Buy Rating and $11 target
IMMR is a haptics technology developer that has undergone a management change that could further result in a series of material developments
IMMR naming Eric Singer as its CEO suggests there is more to come from IMMR than the cost cuts IMMR undertook two years ago when Mr. Singer joined the Board


IMMR: Rumbles of a Special Sit, Initiating

Analysis on GARP with strong economic moats, Moat Investing

Moat Investing

Analysis on GARP with strong economic moats

We are a group of experienced investors that like to dig deeper into stocks to find growth stories at a reasonable price with strong economic moats. We also aim to conduct high-quality analysis by doing deep dive on valuations, key business drivers, risk/reward, and different future scenarios.

GARP with strong economic moats

<ul>
<li>Meta announced its Q4 earnings, exceeding expectations on the top line by 1.5%, but falling short on the bottom line by 20.8%.</li>
<li>The key highlights from the announcement included an increase in share buybacks, reductions in capital expenditures, and a lowered outlook for operating expenses.</li>
<li>Since the release of new earnings by Meta (<span class="ticker-hover-wrapper">NASDAQ:META</span>), we have been following up on our last report, which got a very positive response.</li>
</ul>


Meta announced its Q4 earnings, exceeding expectations on the top line by 1.5%, but falling short on the bottom line by 20.8%.
The key highlights from the announcement included an increase in share buybacks, reductions in capital expenditures, and a lowered outlook for operating expenses.
Since the release of new earnings by Meta (NASDAQ:META), we have been following up on our last report, which got a very positive response.


Meta Platforms: Q4 Earnings Update, Our Approach Now

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta Platforms (Facebook) (META US)

Meta Platforms Inc.: Key Drivers

Meta Platforms performed a mixed result with earnings below expectations, ending a rather difficult fiscal year. The management claims that number...

Baptista Research

Weekly Stock Bullfinder - Week of 2/13

Microsoft news of rolling out ChapGPT into its Bing search browser and eventually into its Microsoft Office product suite has dominated the news...

Weekly Stock Bull Finder

PINS 4Q22: We Don't Chase Vanity MAUs

Pinterest has become a consensus long on the hopes that its new CEO Bill Ready will pivot the company from a pure advertising model to an ecommerce...

Aaron Gabin

IMMR: Rumbles of a Special Sit, Initiating

Our interest in IMMR is centered on the Company selecting its Board member Eric Singer as CEO. We have covered several names in the past with Mr....

BWS Financial Inc

Meta Platforms: Q4 Earnings Update, Our Approach Now

Meta announced its Q4 earnings, exceeding expectations on the top line by 1.5%, but falling short on the bottom line by 20.8%.

Moat Investing

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