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>Support levels discussed in our 8/8/23 Compass broke, leading to a change in character (from buy the dup to sell the rip) and a deeper pullback.</li>
<li>Supports we were watching included the 50-day MA and 4460-4475 on the S&amp;P 500, $371.50 on $QQQ, and $190-193 on the $IWM; these are now resistance moving forward</li>
<li>Longer-Term support on the S&amp;P 500 is at 4300-4325 (nearly hit on Friday) and 4200, and we will remain constructive as long as these supports hold.</li>
</ul>


Support levels discussed in our 8/8/23 Compass broke, leading to a change in character (from buy the dup to sell the rip) and a deeper pullback.
Supports we were watching included the 50-day MA and 4460-4475 on the S&amp;P 500, $371.50 on $QQQ, and $190-193 on the $IWM; these are now resistance moving forward
Longer-Term support on the S&amp;P 500 is at 4300-4325 (nearly hit on Friday) and 4200, and we will remain constructive as long as these supports hold.


Pause Continues But Oversold Bounce Likely; Buys in Energy, Construction/Engineering, Enrgy Shippers

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>Occidental Petroleum Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>However, their disciplined approach to capital spending and operational excellence has led to some progress in their shareholder return framework.</li><li>We give Occidental Petroleum Corporation a 'Hold' rating with a revised target price.</li></ul>

Occidental Petroleum Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.However, their disciplined approach to capital spending and operational excellence has led to some progress in their shareholder return framework.We give Occidental Petroleum Corporation a 'Hold' rating with a revised target price.

Occidental Petroleum Corporation: Notable Progress On The Carbon Capture Front & Other Developments

<ul><li>Occidental Petroleum had a weak financial performance in the last quarter and failed to meet Wall Street expectations with respect to revenues as well as earnings.</li><li>Storm effects in the Permian and Rockies were largely countered by superior performance in the Gulf of Mexico and the Al Hosn.</li><li>While Midstream and marketing earnings were within projections, OxyChem's performance exceeded expectations due to stronger-than-anticipated market dynamics.</li></ul>

Occidental Petroleum had a weak financial performance in the last quarter and failed to meet Wall Street expectations with respect to revenues as well as earnings.Storm effects in the Permian and Rockies were largely countered by superior performance in the Gulf of Mexico and the Al Hosn.While Midstream and marketing earnings were within projections, OxyChem's performance exceeded expectations due to stronger-than-anticipated market dynamics.

Occidental Petroleum Corporation: Major Drivers

<ul><li>Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts.</li><li>OxyChem delivered robust, strong earnings while its Permian, Rockies, International, and Gulf of Mexico teams have delivered a good operational performance.</li><li>In the Delaware Basin, Occidental delivered a good quarter-to-date results, demonstrating its high quality of subsurface and inventory expertise.</li></ul>

Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts.OxyChem delivered robust, strong earnings while its Permian, Rockies, International, and Gulf of Mexico teams have delivered a good operational performance.In the Delaware Basin, Occidental delivered a good quarter-to-date results, demonstrating its high quality of subsurface and inventory expertise.

Occidental Petroleum: Collaboration With Western Midstream Partners & Other Drivers

Credit

<ul><li>Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major.</li><li>It started to repurchase shares this quarter, thus advancing its framework of shareholder return as a part of the commitment for the company to return cash to the shareholders.</li><li>We provide the stock of Occidental with a ‘Hold’ rating and a revision in the target price.</li></ul>

Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major.It started to repurchase shares this quarter, thus advancing its framework of shareholder return as a part of the commitment for the company to return cash to the shareholders.We provide the stock of Occidental with a ‘Hold’ rating and a revision in the target price.

Occidental Petroleum: Direct Air Capture Plant & Other Drivers

United States

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas.  The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

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Occidental Petroleum (OXY US)

Pause Continues But Oversold Bounce Likely; Buys in Energy, Construction/Engineering, Enrgy Shippers

$SPX broke support discussed in our Aug 8 Compass (50-day MA/4460), leading to change in character (now sell the rips) and deeper pullback. Expect...

Vermilion Research

Occidental Petroleum Corporation: Notable Progress On The Carbon Capture Front & Other Developments

Occidental Petroleum Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as...

Baptista Research

Occidental Petroleum Corporation: Major Drivers

Occidental Petroleum had a weak financial performance in the last quarter and failed to meet Wall Street expectations with respect to revenues as...

Baptista Research

Occidental Petroleum: Collaboration With Western Midstream Partners & Other Drivers

Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts. OxyChem...

Baptista Research

Occidental Petroleum: Direct Air Capture Plant & Other Drivers

Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major. It started to...

Baptista Research

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