US-EU Index Rebalances / Quantitative Researcher, Ortex

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

Ortex

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cap-gemini-sa" target="_blank" data-smartkarma-citation="entities:21411:1" rel="noopener">Cap Gemini SA (CAP FP)</a> is estimated to be excluded from the selection list in the long-run due to being pushed way above 60% coverage in the Technology sector.</li>
<li>
<a href="https://www.smartkarma.com/entities/merck-kgaa" target="_blank" data-smartkarma-citation="entities:21676:1" rel="noopener">Merck KGaA (MRK GR)</a> switches between in and out of the selection list because it fluctuates close to the 60% coverage of the Health Care sector.</li>
<li>
<a href="https://www.smartkarma.com/entities/nokia-oyj" target="_blank" data-smartkarma-citation="entities:21754:1" rel="noopener">Nokia OYJ (NOKIA FH)</a> has a higher probability of deletion from SX5E if <a href="https://www.smartkarma.com/entities/merck-kgaa" target="_blank" data-smartkarma-citation="entities:21676:1" rel="noopener">Merck KGaA (MRK GR)</a>  qualifies to the selection list. Forecasted passive fund supply is  ~15 ADV.   </li>
</ul>



Cap Gemini SA (CAP FP) is estimated to be excluded from the selection list in the long-run due to being pushed way above 60% coverage in the Technology sector.

Merck KGaA (MRK GR) switches between in and out of the selection list because it fluctuates close to the 60% coverage of the Health Care sector.

Nokia OYJ (NOKIA FH) has a higher probability of deletion from SX5E if Merck KGaA (MRK GR)  qualifies to the selection list. Forecasted passive fund supply is  ~15 ADV.   


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>Nokia Corporation's engagement in the second quarter of 2024 revolved around significant developments amid a transitory, challenging market environment.</li><li>The company announced two crucial transactions: the proposed acquisition of Infinera, a North American optical networking entity, and Nokia's plan to divest its submarine networks business to the French State.</li><li>The acquisition of Infinera is expected to boost Nokia's Optical Networks business by quickening innovation for customers and strengthening Nokia's position in North America.</li></ul>

Nokia Corporation's engagement in the second quarter of 2024 revolved around significant developments amid a transitory, challenging market environment.The company announced two crucial transactions: the proposed acquisition of Infinera, a North American optical networking entity, and Nokia's plan to divest its submarine networks business to the French State.The acquisition of Infinera is expected to boost Nokia's Optical Networks business by quickening innovation for customers and strengthening Nokia's position in North America.

Nokia Corporation (NOK): The Story Of The Expansion Into The 5G Core Network Market! - Major Drivers

<ul><li>Nokia Corporation reported its first quarter 2024 results, which showed a decline in net sales by 19% year-on-year in constant currency.</li><li>This decrease was due to the weak spending environment present since the second quarter of last year.</li><li>The profit of Nokia's three network businesses was affected by this trend, but this was counterbalanced by the benefits of deals signed in Nokia Technologies and ongoing cost reductions.</li></ul>

Nokia Corporation reported its first quarter 2024 results, which showed a decline in net sales by 19% year-on-year in constant currency.This decrease was due to the weak spending environment present since the second quarter of last year.The profit of Nokia's three network businesses was affected by this trend, but this was counterbalanced by the benefits of deals signed in Nokia Technologies and ongoing cost reductions.

Nokia Corporation: Will The New NVIDIA Partnership & Positive Network Infra Spends Catalyze Growth? - Major Drivers

<ul>
<li>Nokia Corporation (Nokia) recently held its Fourth Quarter 2023 Results Call, providing crucial insights into its performance over the past year and outlining a vision for operational and strategic changes within the company.</li>
<li>One of the key announcements centers on Nokia's operational transformation.</li>
<li>Nokia has begun embedding sales teams directly within its business groups to facilitate sharper interactions with customers and to ensure greater accountability.</li>
</ul>


Nokia Corporation (Nokia) recently held its Fourth Quarter 2023 Results Call, providing crucial insights into its performance over the past year and outlining a vision for operational and strategic changes within the company.
One of the key announcements centers on Nokia's operational transformation.
Nokia has begun embedding sales teams directly within its business groups to facilitate sharper interactions with customers and to ensure greater accountability.


Nokia Corporation: Immense Growth Opportunities in Data Center Switching! - 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>Snap-Back rallies have continued in the largest global equity markets (U.S., Japan, and Europe).</li>
<li>Japan's TOPIX is still below 2690-2700 and the EURO STOXX 50 is below 4884, and whether they roll over here or from marginally higher levels, lower highs remain likely.</li>
<li>It all fits with our ongoing belief (since our July 25, 2024 Int'l Compass) that MSCI ACWI is going through a 1- to 4-month pullback/consolidation (we are one month in).</li>
</ul>


Snap-Back rallies have continued in the largest global equity markets (U.S., Japan, and Europe).
Japan's TOPIX is still below 2690-2700 and the EURO STOXX 50 is below 4884, and whether they roll over here or from marginally higher levels, lower highs remain likely.
It all fits with our ongoing belief (since our July 25, 2024 Int'l Compass) that MSCI ACWI is going through a 1- to 4-month pullback/consolidation (we are one month in).


Shift Now to Defensives; Snap-Back Rally Testing Resistance $ACWI $SPX; Neutral Outlook Intact

Finland

Nokia Oyj is a global communications company that operates a network of production facilities for location intelligence and network infrastructure, as well as a network of sales and customer service. The Company also operates research and software development facilities worldwide.

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Nokia OYJ (NOKIA FH)

EURO STOXX 50: Exclusion by Sector

Merck KGaA's fluctuating ranking in the Health Care sector impacts the probability of Nokia's deletion from EURO STOXX 50 which can cause a passive...

Dimitris Ioannidis

Nokia Corporation (NOK): The Story Of The Expansion Into The 5G Core Network Market! - Major Drivers

Nokia Corporation's engagement in the second quarter of 2024 revolved around significant developments amid a transitory, challenging market...

Baptista Research

Nokia Corporation: Will The New NVIDIA Partnership & Positive Network Infra Spends Catalyze Growth? - Major Drivers

Nokia Corporation reported its first quarter 2024 results, which showed a decline in net sales by 19% year-on-year in constant currency. This...

Baptista Research

Nokia Corporation: Immense Growth Opportunities in Data Center Switching! - Major Drivers

Nokia Corporation (Nokia) recently held its Fourth Quarter 2023 Results Call, providing crucial insights into its performance over the past year...

Baptista Research

Shift Now to Defensives; Snap-Back Rally Testing Resistance $ACWI $SPX; Neutral Outlook Intact

Shift Now to Defensives (Health Care, Telecommunications, Utilities, and Consumer Staples); Snap-Back Rally Testing Resistance $ACWI $SPX; Neutral...

Vermilion Research

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