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>Our Russell 2000 (IWM) and S&amp;P 500 targets for this rally have been the 200-day MAs, coinciding with YTD downtrends.</li>
<li>The Russell already hit this target while the S&amp;P is closing in, less than 1% away.</li>
<li>Still, the vast majority of signals point to further upside ahead for the market indexes, and a possible end to the bear market.</li>
</ul>


Our Russell 2000 (IWM) and S&amp;P 500 targets for this rally have been the 200-day MAs, coinciding with YTD downtrends.
The Russell already hit this target while the S&amp;P is closing in, less than 1% away.
Still, the vast majority of signals point to further upside ahead for the market indexes, and a possible end to the bear market.


Rally Continues Following Breaks in USD & 10-Yr Yield; Buy Ideas in Energy & Consumer Discretionary

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>Ross Stores had quite a disappointing quarter where its revenues were well below Wall Street expectations.</li><li>Comparable store sales were low in comparison to a strong increase in the second quarter of the last year.</li><li>We provide the stock of Ross Stores with a ‘Hold’ rating with a revision in the market price.</li></ul>

Ross Stores had quite a disappointing quarter where its revenues were well below Wall Street expectations.Comparable store sales were low in comparison to a strong increase in the second quarter of the last year.We provide the stock of Ross Stores with a ‘Hold’ rating with a revision in the market price.

Ross Stores: New Store Additions & Other Drivers

Equity Capital Markets

<ul><li>Despite the waning impact of the government stimulus, Ross Stores delivered a decent performance although it did fall short of Wall Street expectations. dd’s DISCOUNTS trends have continued to remain strong, and sales performance exceeded expectations.</li><li>Also, Ross Stores’ plan to expand to 100 locations and aggressively increase store count is a positive sign.</li></ul>

Despite the waning impact of the government stimulus, Ross Stores delivered a decent performance although it did fall short of Wall Street expectations. dd’s DISCOUNTS trends have continued to remain strong, and sales performance exceeded expectations.Also, Ross Stores’ plan to expand to 100 locations and aggressively increase store count is a positive sign.

Ross Stores Inc.: Store Expansion Strategy & Other Drivers

<ul><li>Ross Stores has done well with delivering a fairly good financial performance for the recent quarter with a 14% growth in the top-line.</li><li>In terms of store expansion targets, the management has already met 2021 goal of expansion with an addition of 18 new stores and 10 DD discounts.</li><li>The management plans to ultimately grow Ross Stores to 2,900 locations and dd's DISCOUNTS to become a chain of 700 stores.</li></ul>

Ross Stores has done well with delivering a fairly good financial performance for the recent quarter with a 14% growth in the top-line.In terms of store expansion targets, the management has already met 2021 goal of expansion with an addition of 18 new stores and 10 DD discounts.The management plans to ultimately grow Ross Stores to 2,900 locations and dd's DISCOUNTS to become a chain of 700 stores.

Ross Stores Inc.: Financial & Price Forecasts

<ul><li>Ross Stores reported another strong quarterly performance, with sales increasing by 14%.</li><li>Its children's and men's were the best performing businesses at Ross Stores in the third quarter, while the Midwest and Southeast were the best performing regions.</li><li>In Q3 itself, Ross Stores completed its 2021 expansion program by adding 18 new Ross and 10 dd's DISCOUNTS.</li></ul>

Ross Stores reported another strong quarterly performance, with sales increasing by 14%.Its children's and men's were the best performing businesses at Ross Stores in the third quarter, while the Midwest and Southeast were the best performing regions.In Q3 itself, Ross Stores completed its 2021 expansion program by adding 18 new Ross and 10 dd's DISCOUNTS.

United States

Ross Stores, Inc. operates two brands of off-price retail apparel and home accessories stores. Ross Stores offers name brand and designer apparel, accessories, footwear, and home fashions at discount prices.

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Ross Stores Inc (ROST US)

Rally Continues Following Breaks in USD & 10-Yr Yield; Buy Ideas in Energy & Consumer Discretionary

Our $IWM target (its 200-day MA) has been hit and our $SPX target is less than 1% away. Still, the rally is poised to continue following breaks in...

Vermilion Research

Ross Stores: New Store Additions & Other Drivers

Ross Stores had quite a disappointing quarter where its revenues were well below Wall Street expectations. Comparable store sales were low in...

Baptista Research

Ross Stores Inc.: Store Expansion Strategy & Other Drivers

Despite the waning impact of the government stimulus, Ross Stores delivered a decent performance although it did fall short of Wall Street...

Baptista Research

Ross Stores Inc.: Financial & Price Forecasts

Ross Stores has done well with delivering a fairly good financial performance for the recent quarter with a 14% growth in the top-line. In terms...

Baptista Research

Ross Stores Inc. - Investment Thesis

Ross Stores reported another strong quarterly performance, with sales increasing by 14%. Its children's and men's were the best performing...

Baptista Research

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