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>Nike recently announced a significant leadership change, with CEO John Donahoe stepping down and longtime company veteran Elliott Hill set to take over.</li><li>This transition comes amid a broader restructuring effort at Nike, aimed at addressing the company’s evolving business challenges.</li><li>Donahoe, who led the company through several years of strategic shifts, including the prioritization of direct-to-consumer sales, had faced increasing pressure due to flat revenue growth and lower-than-expected guidance for fiscal 2025.</li></ul>

Nike recently announced a significant leadership change, with CEO John Donahoe stepping down and longtime company veteran Elliott Hill set to take over.This transition comes amid a broader restructuring effort at Nike, aimed at addressing the company’s evolving business challenges.Donahoe, who led the company through several years of strategic shifts, including the prioritization of direct-to-consumer sales, had faced increasing pressure due to flat revenue growth and lower-than-expected guidance for fiscal 2025.

Nike CEO Shakeup: Challenges Ahead for Elliott Hill as He Takes the Helm of the Sneaker Giant!

<ul><li>Nike Inc has long been a dominant player in the global sportswear industry, renowned for its innovation and strong brand presence.</li><li>However, recent challenges, including macroeconomic headwinds and market dynamics, have led to a downslide in its stock performance.</li><li>Enter Pershing Square Capital Management, led by billionaire investor Bill Ackman, which recently disclosed a $229 million stake in Nike.</li></ul>

Nike Inc has long been a dominant player in the global sportswear industry, renowned for its innovation and strong brand presence.However, recent challenges, including macroeconomic headwinds and market dynamics, have led to a downslide in its stock performance.Enter Pershing Square Capital Management, led by billionaire investor Bill Ackman, which recently disclosed a $229 million stake in Nike.

Nike Inc's Downslide Reversed? Bill Ackman's Pershing Square Thinks So! – Here’s Why! (8/24)

<ul><li>In the Q3 2024 earnings, NIKE, Inc. outlined how it is driving growth despite not performing to its potential.</li><li>The company is focusing on four key areas: a sharpened focus on sport, continuous product innovation, bolder and more distinctive brand marketing, and collaboration with wholesale partners to expand the marketplace.</li><li>A significant measure of progress is the alignment of the organization to focus on the consumer and sport.</li></ul>

In the Q3 2024 earnings, NIKE, Inc. outlined how it is driving growth despite not performing to its potential.The company is focusing on four key areas: a sharpened focus on sport, continuous product innovation, bolder and more distinctive brand marketing, and collaboration with wholesale partners to expand the marketplace.A significant measure of progress is the alignment of the organization to focus on the consumer and sport.

Nike Inc.: A Tale Of Brand Elevation Through Greater Market Presence! - Major Drivers

<ul><li>NIKE, Inc. surpassed Wall Street's revenue and earnings expectations, achieving a 1% growth in revenue compared to the previous year.</li><li>Despite a highly promotional market, gross margins expanded, leading to accelerated earnings per share and free cash flow.</li><li>The company outpaced the industry during the holiday season, with strong growth in Nike Digital and brick-and-mortar stores, particularly in Greater China.</li></ul>

NIKE, Inc. surpassed Wall Street's revenue and earnings expectations, achieving a 1% growth in revenue compared to the previous year.Despite a highly promotional market, gross margins expanded, leading to accelerated earnings per share and free cash flow.The company outpaced the industry during the holiday season, with strong growth in Nike Digital and brick-and-mortar stores, particularly in Greater China.

NIKE Inc.: Unleashing the Power of Innovation – Inside Their Strategy for Global Dominance! - Major Drivers

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>Hong Kong market quietly broke its downward trend channel last week, however the HSI met strong resistance at 18200 (100 Week Moving Average).</li>
<li>
<a href="https://www.smartkarma.com/entities/picc-property-casualty-h" target="_blank" data-smartkarma-citation="entities:350:1" rel="noopener">PICC Property &amp; Casualty H (2328 HK)</a> and <a href="https://www.smartkarma.com/entities/china-petroleum-chemical-h" target="_blank" data-smartkarma-citation="entities:369:1" rel="noopener">China Petroleum &amp; Chemical (386 HK)</a> broke to new highs relative to MSCI indices.  Sinopec may benefit from stronger RMB in 2H24.
</li>
<li><a href="https://www.smartkarma.com/entities/shenzhou-intl-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10415:1" rel="noopener">Shenzhou Intl Group Holdings (2313 HK)</a> had a short-term turnaround from its downtrend.  The company reported growth in sales and better margins in 2Q24.</li>
</ul>


Hong Kong market quietly broke its downward trend channel last week, however the HSI met strong resistance at 18200 (100 Week Moving Average).

PICC Property &amp; Casualty H (2328 HK) and China Petroleum &amp; Chemical (386 HK) broke to new highs relative to MSCI indices.  Sinopec may benefit from stronger RMB in 2H24.

Shenzhou Intl Group Holdings (2313 HK) had a short-term turnaround from its downtrend.  The company reported growth in sales and better margins in 2Q24.


Technically Speaking, Breakouts and Breakdowns: HONG KONG (SEPTEMBER 3)

United States

NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.

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Nike (NKE US)

Nike CEO Shakeup: Challenges Ahead for Elliott Hill as He Takes the Helm of the Sneaker Giant!

Nike recently announced a significant leadership change, with CEO John Donahoe stepping down and longtime company veteran Elliott Hill set to take...

Baptista Research

Nike Inc's Downslide Reversed? Bill Ackman's Pershing Square Thinks So! – Here’s Why! (8/24)

Nike Inc has long been a dominant player in the global sportswear industry, renowned for its innovation and strong brand presence. However, recent...

Baptista Research

Nike Inc.: A Tale Of Brand Elevation Through Greater Market Presence! - Major Drivers

In the Q3 2024 earnings, NIKE, Inc. outlined how it is driving growth despite not performing to its potential. The company is focusing on four key...

Baptista Research

NIKE Inc.: Unleashing the Power of Innovation – Inside Their Strategy for Global Dominance! - Major Drivers

NIKE, Inc. surpassed Wall Street's revenue and earnings expectations, achieving a 1% growth in revenue compared to the previous year. Despite a...

Baptista Research

Technically Speaking, Breakouts and Breakdowns: HONG KONG (SEPTEMBER 3)

Hong Kong market broke its downtrend however it met strong resistance just above 18k. PICC and Sinopec broke to new highs relative to MSCI...

David Mudd

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