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>Southwest Gas Holdings Inc. showcased a mixed financial performance in their second quarter of 2024.</li><li>Notably, the company celebrated the successful closing of the Centuri IPO, which marks a strategic milestone in returning to its core operations as a fully regulated natural gas utility.</li><li>This move was well-received by the market, underscoring a positive turning point in the company's strategic realignment efforts.</li></ul>

Southwest Gas Holdings Inc. showcased a mixed financial performance in their second quarter of 2024.Notably, the company celebrated the successful closing of the Centuri IPO, which marks a strategic milestone in returning to its core operations as a fully regulated natural gas utility.This move was well-received by the market, underscoring a positive turning point in the company's strategic realignment efforts.

Southwest Gas Holdings: How Are They Dealing With Market Dependency & Competition Challenges? - Major Drivers

<ul><li>Southwest Gas Holdings reported its first-quarter results for 2024, outlining both its achievements and challenges.</li><li>The company successfully closed the initial public offering (IPO) of Centuri, which netted approximately $329 million in cash proceeds.</li><li>This IPO is a significant move in Southwest Gas's strategy to focus on its core natural gas utility operations, and it led to a reduction of Centuri's debt by $316 million.</li></ul>

Southwest Gas Holdings reported its first-quarter results for 2024, outlining both its achievements and challenges.The company successfully closed the initial public offering (IPO) of Centuri, which netted approximately $329 million in cash proceeds.This IPO is a significant move in Southwest Gas's strategy to focus on its core natural gas utility operations, and it led to a reduction of Centuri's debt by $316 million.

Southwest Gas Holdings: Initiation of Coverage - What's Next After The Successful Restructuring? - Major Drivers

<ul><li>This is our first report on natural gas transporter, Southwest Gas Holdings.</li><li>The company's underlying strategy is geared towards restoring the firm to its position as a premier fully regulated natural gas utility.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

This is our first report on natural gas transporter, Southwest Gas Holdings.The company's underlying strategy is geared towards restoring the firm to its position as a premier fully regulated natural gas utility.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Southwest Gas: Initiation of Coverage - How This Energy Titan Is Capturing 5-7% Annual Growth Amidst the Energy Transition! - 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

<p>Continued encouraging COVID-19 news and accommodative moves by the Fed have allowed the bulls to remain in control while short-term support on the S&amp;P 500 held near 2,450. While the bulls remain in control in the short-term, we continue to believe the broad equity market is not yet out of the woods and remains vulnerable -- particularly as Wall Street sentiment has flipped bullish. In today’s report we highlight attractive stocks from a relative strength perspective across Sectors.</p>

Continued encouraging COVID-19 news and accommodative moves by the Fed have allowed the bulls to remain in control while short-term support on the S&amp;P 500 held near 2,450. While the bulls remain in control in the short-term, we continue to believe the broad equity market is not yet out of the woods and remains vulnerable -- particularly as Wall Street sentiment has flipped bullish. In today’s report we highlight attractive stocks from a relative strength perspective across Sectors.

U.S. Equity Strategy: Bulls Still In Driver’s Seat, But For How Long?

United States

Southwest Gas Corporation purchases, transports, and distributes natural gas to residential, commercial, and industrial customers in portions of Arizona, Nevada, and California.  The Company also provides construction services to utility companies, including trenching and installation, replacement, and maintenance services for energy distribution systems.

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Southwest Gas (SWX US)

Southwest Gas Holdings: How Are They Dealing With Market Dependency & Competition Challenges? - Major Drivers

Southwest Gas Holdings Inc. showcased a mixed financial performance in their second quarter of 2024. Notably, the company celebrated the...

Baptista Research

Southwest Gas Holdings: Initiation of Coverage - What's Next After The Successful Restructuring? - Major Drivers

Southwest Gas Holdings reported its first-quarter results for 2024, outlining both its achievements and challenges. The company successfully...

Baptista Research

Southwest Gas: Initiation of Coverage - How This Energy Titan Is Capturing 5-7% Annual Growth Amidst the Energy Transition! - Major Drivers

This is our first report on natural gas transporter, Southwest Gas Holdings. The company's underlying strategy is geared towards restoring the...

Baptista Research

U.S. Equity Strategy: Bulls Still In Driver’s Seat, But For How Long?

Continued encouraging COVID-19 news and accommodative moves by the Fed have allowed the bulls to remain in control while short-term support on the...

Vermilion Research

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