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 had a decent quarter and surpassed Wall Street expectations in terms of revenues as well as earnings.</li><li>The company is progressing in improving its distributed work model, delivering AI tools to improve productivity, and removing unnecessary processes.</li><li>AI recommendations now operate more than 20% of users' Facebook and Instagram Feeds and over 40% of content on Instagram.</li></ul>

Meta Platforms had a decent quarter and surpassed Wall Street expectations in terms of revenues as well as earnings.The company is progressing in improving its distributed work model, delivering AI tools to improve productivity, and removing unnecessary processes.AI recommendations now operate more than 20% of users' Facebook and Instagram Feeds and over 40% of content on Instagram.

Meta Platforms Inc.: Riding The New AI Wave? – Market Dominance & Other Drivers

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>Global equity funds move to record USA underweight of -7.02% below the benchmark.</li>
<li>Heavy rotation out of the USA and in to the major European nations over the last 6-months.</li>
<li>Record spread between the US underweight/DM Europe overweight highlights strong conviction in US underperformance and EU outperformance.</li>
</ul>


Global equity funds move to record USA underweight of -7.02% below the benchmark.
Heavy rotation out of the USA and in to the major European nations over the last 6-months.
Record spread between the US underweight/DM Europe overweight highlights strong conviction in US underperformance and EU outperformance.


USA: Record Underweight as Shift to Europe Accelerates

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>Earnings Season Thus Far- Meanwhile Mixed Economic Messages Earnings season picks up this week with the technology heavyweights like Alphabet, Microsoft, Amazon, and Meta are all set to report their results.</li><li>During the upcoming week, 180 S&amp;P 500 companies (including 14 Dow 30 components) are scheduled to report results for the first quarter.</li><li>Overall, 18% of the companies in the S&amp;P 500 have reported actual results for Q1 2023 to date.</li></ul>

Earnings Season Thus Far- Meanwhile Mixed Economic Messages Earnings season picks up this week with the technology heavyweights like Alphabet, Microsoft, Amazon, and Meta are all set to report their results.During the upcoming week, 180 S&amp;P 500 companies (including 14 Dow 30 components) are scheduled to report results for the first quarter.Overall, 18% of the companies in the S&amp;P 500 have reported actual results for Q1 2023 to date.

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>After losing nearly a third of its value, Amazon looks more attractive than a year ago.</li>
<li>Investors should be mindful of recency bias when evaluating Amazon's share price attractiveness.</li>
<li>The unique business model also poses some risks that should be considered regardless of one's investment horizon.</li>
</ul>


After losing nearly a third of its value, Amazon looks more attractive than a year ago.
Investors should be mindful of recency bias when evaluating Amazon's share price attractiveness.
The unique business model also poses some risks that should be considered regardless of one's investment horizon.


Amazon: Having A Long-Term View Doesn't Mean You Should Disregard Immediate Risks

<ul><li>Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.</li><li>As of last Friday’s close, the S&amp;P 500 is up about 2% YTD. However, without the contribution of chip maker Nvidia (NVDA) it would be flat YTD.</li><li>Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.</li></ul>

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.As of last Friday’s close, the S&amp;P 500 is up about 2% YTD. However, without the contribution of chip maker Nvidia (NVDA) it would be flat YTD.Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.

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.: Riding The New AI Wave? – Market Dominance & Other Drivers

Meta Platforms had a decent quarter and surpassed Wall Street expectations in terms of revenues as well as earnings. The company is progressing in...

Baptista Research

USA: Record Underweight as Shift to Europe Accelerates

Global equity funds move to record underweight in US equities. Spread between US underweight and DM Europe overweight hits all-time high.

Steven Holden

Weekly Stock Bullfinder - Week of 4/24

During the upcoming week, 180 S&P 500 companies (including 14 Dow 30 components) are scheduled to report results for the first quarter.

Weekly Stock Bull Finder

Amazon: Having A Long-Term View Doesn't Mean You Should Disregard Immediate Risks

After losing nearly a third of its value, Amazon looks more attractive than a year ago.Investors should be mindful of recency bias when evaluating...

Vladimir Dimitrov, CFA

Weekly Stock Bullfinder - Week of 3/27

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall...

Weekly Stock Bull Finder

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