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>Petroleo Brasileiro S.A., commonly known as Petrobras, has reported its Q3 2024 results, outlining several key operational and financial highlights.</li><li>On the operational front, Petrobras continues to make significant strides in its exploration and production activities.</li><li>The company has successfully started operations on two FPSOs (Floating Production Storage and Offloading), namely Maria Quitéria and Marechal Duque de Caxias, with further developments expected in the Búzios field through the Almirante Tamandaré FPSO.</li></ul>

Petroleo Brasileiro S.A., commonly known as Petrobras, has reported its Q3 2024 results, outlining several key operational and financial highlights.On the operational front, Petrobras continues to make significant strides in its exploration and production activities.The company has successfully started operations on two FPSOs (Floating Production Storage and Offloading), namely Maria Quitéria and Marechal Duque de Caxias, with further developments expected in the Búzios field through the Almirante Tamandaré FPSO.

Petrobras: Revolutionizes Leasing Strategy with Bold Cash Flow Neutrality Move – Here’s what It Means for Investors! - Major Drivers

<ul><li>In analyzing Petrobras' earnings for the second quarter of 2024, several key factors emerge highlighting the company's current performance and future outlook.</li><li>The leadership, under CEO Magda Chambriard, emphasized solid quarterly results shaped mainly by a blend of recurring and nonrecurring financial activities, alongside a strategic pivot towards sustainable energy practices and robust exploration activities.</li><li>Despite the complex overlay of global economic conditions, such as significant exchange rate volatility, Petrobras managed to navigate these with agility, thereby safeguarding its financial stability.</li></ul>

In analyzing Petrobras' earnings for the second quarter of 2024, several key factors emerge highlighting the company's current performance and future outlook.The leadership, under CEO Magda Chambriard, emphasized solid quarterly results shaped mainly by a blend of recurring and nonrecurring financial activities, alongside a strategic pivot towards sustainable energy practices and robust exploration activities.Despite the complex overlay of global economic conditions, such as significant exchange rate volatility, Petrobras managed to navigate these with agility, thereby safeguarding its financial stability.

Petróleo Brasileiro S.A. - Petrobras (PBR): Will Their Strategic Investments in Renewable Energy Yield Results? - Major Drivers

<ul><li>In the first quarter of 2024, Petrobras achieved consistent cash generation, which improves its security regarding future investments, including those targeting production growth.</li><li>A noteworthy result is the 3.7% year-on-year growth in Petrobras' production, suggesting a steadily increasing production curve projected in the strategic plan.</li><li>Contributing to this was the excellent performance of the FPSOs Almirante Barroso in Buzios and P-71 in Itapu, reaching peak production last year.</li></ul>

In the first quarter of 2024, Petrobras achieved consistent cash generation, which improves its security regarding future investments, including those targeting production growth.A noteworthy result is the 3.7% year-on-year growth in Petrobras' production, suggesting a steadily increasing production curve projected in the strategic plan.Contributing to this was the excellent performance of the FPSOs Almirante Barroso in Buzios and P-71 in Itapu, reaching peak production last year.

Petróleo Brasileiro S.A. - Petrobras: These Are The 6 Pivotal Factors Impacting Their Performance In 2024 & Beyond! - Financial Forecasts

<ul><li>Petróleo Brasileiro S.A., also known as Petrobras, showcased strong financial results in the earnings call transcript for Q4 2023, despite an adverse external environment.</li><li>The company presented the second highest economic and financial results in its history in terms of EBITDA, operational cash flow, free cash flow, and net profit.</li><li>These outcomes were combined with numerous record achievements across its operations, including oil and gas production levels, refinement levels, and increased energy efficiency.</li></ul>

Petróleo Brasileiro S.A., also known as Petrobras, showcased strong financial results in the earnings call transcript for Q4 2023, despite an adverse external environment.The company presented the second highest economic and financial results in its history in terms of EBITDA, operational cash flow, free cash flow, and net profit.These outcomes were combined with numerous record achievements across its operations, including oil and gas production levels, refinement levels, and increased energy efficiency.

Petróleo Brasileiro S.A. - Petrobras - What Is Their Biggest Competitive Advantage? - 6 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>Global equites (MSCI ACWI) have pulled back some following the FOMC's hawkish-leaning announcement. Short-term support is at $102 on ACWI-US--last week's breakout level-- while longer-term support remains at $98-$99.</li>
<li>A break below $102 would indicate more consolidation is likely but, if ACWI-US remains above $98, we remain bullish on global equities, and we view pullbacks as buying opportunities.</li>
<li>Europe remains bullish, and we remain overweight Japan and India. Actionable Themes: many stocks highlighted within Consumer Discretionary, Energy, Industrials, Services, and Technology</li>
</ul>


Global equites (MSCI ACWI) have pulled back some following the FOMC's hawkish-leaning announcement. Short-term support is at $102 on ACWI-US--last week's breakout level-- while longer-term support remains at $98-$99.
A break below $102 would indicate more consolidation is likely but, if ACWI-US remains above $98, we remain bullish on global equities, and we view pullbacks as buying opportunities.
Europe remains bullish, and we remain overweight Japan and India. Actionable Themes: many stocks highlighted within Consumer Discretionary, Energy, Industrials, Services, and Technology


MSCI ACWI, EURO STOXX 50, TOPIX Remain Bullish; Buys in Cons Disc, Industrials, Services, Technology

Brazil

Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas.  The Company refines, markets, and supplies oil products.  Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units.  The Company operates in South America and elsewhere around the world.

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Petroleo Brasileiro (PBR/A US)

Petrobras: Revolutionizes Leasing Strategy with Bold Cash Flow Neutrality Move – Here’s what It Means for Investors! - Major Drivers

Petroleo Brasileiro S.A., commonly known as Petrobras, has reported its Q3 2024 results, outlining several key operational and financial...

Baptista Research

Petróleo Brasileiro S.A. - Petrobras (PBR): Will Their Strategic Investments in Renewable Energy Yield Results? - Major Drivers

In analyzing Petrobras' earnings for the second quarter of 2024, several key factors emerge highlighting the company's current performance and...

Baptista Research

Petróleo Brasileiro S.A. - Petrobras: These Are The 6 Pivotal Factors Impacting Their Performance In 2024 & Beyond! - Financial Forecasts

In the first quarter of 2024, Petrobras achieved consistent cash generation, which improves its security regarding future investments, including...

Baptista Research

Petróleo Brasileiro S.A. - Petrobras - What Is Their Biggest Competitive Advantage? - 6 Major Drivers

Petróleo Brasileiro S.A., also known as Petrobras, showcased strong financial results in the earnings call transcript for Q4 2023, despite an...

Baptista Research

MSCI ACWI, EURO STOXX 50, TOPIX Remain Bullish; Buys in Cons Disc, Industrials, Services, Technology

MSCI ACWI, EURO $STOXX 50, $TOPIX Remain Bullish. $ACWI holding above short-term support at $102 (last week's breakout level), though we remain...

Vermilion Research

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