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

Raytheon Technologies  / Equity Bottom-Up

<ul><li>RTX Corporation reported a solid performance in the third quarter of 2024, reflecting continued strength across its varied segments, including significant demand in both commercial airlines and defense sectors.</li><li>The company's adjusted sales increased by 8%, demonstrating robust organic growth, while segment margins expanded by 100 basis points, and it achieved a strong free cash flow of $2 billion.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

RTX Corporation reported a solid performance in the third quarter of 2024, reflecting continued strength across its varied segments, including significant demand in both commercial airlines and defense sectors.The company's adjusted sales increased by 8%, demonstrating robust organic growth, while segment margins expanded by 100 basis points, and it achieved a strong free cash flow of $2 billion.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

RTX Corporation: What Is The Expected Revenue Impact Of Global Defense Spending and Military Modernization? - Major Drivers

<ul><li>In the second quarter of 2024, Raytheon Technologies Corporation (RTX) showcased a robust performance, underpinned by double-digit top-line growth and expanded margins, indicating significant strides in its operational and financial health.</li><li>Despite various challenges, the company's strategic execution and commercial advancements have strengthened its market position.</li><li>However, issues concerning legal settlements and contract adjustments have necessitated substantial financial charges, which might raise concerns among some stakeholders.</li></ul>

In the second quarter of 2024, Raytheon Technologies Corporation (RTX) showcased a robust performance, underpinned by double-digit top-line growth and expanded margins, indicating significant strides in its operational and financial health.Despite various challenges, the company's strategic execution and commercial advancements have strengthened its market position.However, issues concerning legal settlements and contract adjustments have necessitated substantial financial charges, which might raise concerns among some stakeholders.

RTX Corporation: Expanding Market Presence in Defense and Commercial Aerospace! - Major Drivers

<ul><li>Raytheon Technologies Corporation (RTX) started off the year strongly with emphasis on attaining a strong foundation for the future.</li><li>The company is making headway in transforming its three business units: Pratt & Whitney, Collins Aerospace, and Raytheon into industry leaders that can withstand increasing sales and operating profit growth.</li><li>The company's backlog has reached a record high of over $200 billion which is positive evidence of its market strength.</li></ul>

Raytheon Technologies Corporation (RTX) started off the year strongly with emphasis on attaining a strong foundation for the future.The company is making headway in transforming its three business units: Pratt & Whitney, Collins Aerospace, and Raytheon into industry leaders that can withstand increasing sales and operating profit growth.The company's backlog has reached a record high of over $200 billion which is positive evidence of its market strength.

RTX Corporation: These Are The 6 Pivotal Factors Impacting Its Performance In 2024 & Beyond! - Financial Forecasts

<ul><li>RTX Corporation held its Q4 2023 earnings conference call with senior executives such as Chairman and CEO Greg Hayes, incoming CEO Chris Calio and Chief Financial Officer Neil Mitchill.</li><li>The call highlighted a leadership change with the transition of current CEO, Greg Hayes, to Executive Chairman, and Chris Calio assuming the role of CEO.</li><li>The company reported strong full-year results with $74.3 billion in adjusted sales, a growth of 11% organically, and adjusted EPS of $5.06, a growth of 6% year-over-year.</li></ul>

RTX Corporation held its Q4 2023 earnings conference call with senior executives such as Chairman and CEO Greg Hayes, incoming CEO Chris Calio and Chief Financial Officer Neil Mitchill.The call highlighted a leadership change with the transition of current CEO, Greg Hayes, to Executive Chairman, and Chris Calio assuming the role of CEO.The company reported strong full-year results with $74.3 billion in adjusted sales, a growth of 11% organically, and adjusted EPS of $5.06, a growth of 6% year-over-year.

RTX Corporation: Can Their Investments In Differentiated Technologies Further Build Their Competitive Moat? - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Late Friday, S&amp;PDJI announced <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> and <a href="https://www.smartkarma.com/entities/sherwin-williams-co-the" target="_blank" data-smartkarma-citation="entities:15539:1" rel="noopener">Sherwin Williams Co (SHW US)</a> would replace <a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a> and <a href="https://www.smartkarma.com/entities/dow-inc" target="_blank" data-smartkarma-citation="entities:19107:1" rel="noopener">Dow (DOW US)</a> in the Dow Jones Industrial Avg.</li>
<li>This was done to "ensure a more representative exposure to the semiconductors industry and materials sector, respectively." This will be effective of 7 November close; only four days to trade. </li>
<li>The details merit a closer look. Calculating how much tracks the DJIA should be "easy" but I have questions. That said, <a href="https://www.smartkarma.com/entities/sherwin-williams-co-the" target="_blank" data-smartkarma-citation="entities:15539:1" rel="noopener">Sherwin Williams Co (SHW US)</a> could get exciting.</li>
</ul>


Late Friday, S&amp;PDJI announced NVIDIA Corp (NVDA US) and Sherwin Williams Co (SHW US) would replace Intel Corp (INTC US) and Dow (DOW US) in the Dow Jones Industrial Avg.
This was done to "ensure a more representative exposure to the semiconductors industry and materials sector, respectively." This will be effective of 7 November close; only four days to trade. 
The details merit a closer look. Calculating how much tracks the DJIA should be "easy" but I have questions. That said, Sherwin Williams Co (SHW US) could get exciting.


Dow Jones Industrial Avg Nov24 Rebalance - Sherwin Williams (SHW) Could Get Jiggy

United States

Raytheon Technologies Corporation operates as an aircraft manufacturing company. The Company focuses on technology offerings and engineering teams to deliver innovative solutions such as aero structures, avionics, interiors, mechanical systems, mission systems, aircraft engines, power and control systems, radars, software, and other products.

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Raytheon Technologies (RTX US)

RTX Corporation: What Is The Expected Revenue Impact Of Global Defense Spending and Military Modernization? - Major Drivers

RTX Corporation reported a solid performance in the third quarter of 2024, reflecting continued strength across its varied segments, including...

Baptista Research

RTX Corporation: Expanding Market Presence in Defense and Commercial Aerospace! - Major Drivers

In the second quarter of 2024, Raytheon Technologies Corporation (RTX) showcased a robust performance, underpinned by double-digit top-line growth...

Baptista Research

RTX Corporation: These Are The 6 Pivotal Factors Impacting Its Performance In 2024 & Beyond! - Financial Forecasts

Raytheon Technologies Corporation (RTX) started off the year strongly with emphasis on attaining a strong foundation for the future. The company...

Baptista Research

RTX Corporation: Can Their Investments In Differentiated Technologies Further Build Their Competitive Moat? - Major Drivers

RTX Corporation held its Q4 2023 earnings conference call with senior executives such as Chairman and CEO Greg Hayes, incoming CEO Chris Calio and...

Baptista Research

Dow Jones Industrial Avg Nov24 Rebalance - Sherwin Williams (SHW) Could Get Jiggy

The DJIA (Dow30) is an odd anachronism. Price-weighted. Rebalances when it wants. No ranking system. Just a committee and some vague inputs. This...

Travis Lundy

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