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>TopBuild, a leader in insulation installation and services, reported a solid start to fiscal year 2024, reflecting a consistent business model and strategic execution.</li><li>The company's first quarter results demonstrated moderate revenue growth and significant profitability enhancements.</li><li>Despite a terminated transaction with SPI and an evolving competitive landscape, TopBuild continues to focus on disciplined capital allocation and robust acquisition strategies to drive shareholder value.</li></ul>

TopBuild, a leader in insulation installation and services, reported a solid start to fiscal year 2024, reflecting a consistent business model and strategic execution.The company's first quarter results demonstrated moderate revenue growth and significant profitability enhancements.Despite a terminated transaction with SPI and an evolving competitive landscape, TopBuild continues to focus on disciplined capital allocation and robust acquisition strategies to drive shareholder value.

TopBuild Corp.: How They Are Expanding Through Strategic Acquisitions In A Fragmented Market! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>BLD offers comprehensive services for roofing, including material selection, expert installation, and post-installation service.</li><li>They are known for their focus on high-quality materials, professional installation, and exceptional customer service.</li><li>BLD has established itself as a leader in the industry, serving both residential and commercial markets with a commitment to meeting the evolving needs of the construction industry.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

BLD offers comprehensive services for roofing, including material selection, expert installation, and post-installation service.They are known for their focus on high-quality materials, professional installation, and exceptional customer service.BLD has established itself as a leader in the industry, serving both residential and commercial markets with a commitment to meeting the evolving needs of the construction industry.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Topbuild Corp (BLD) - Thursday, Dec 21, 2023

<ul><li>This is our first report on building products manufacturer, TopBuild Corp.</li><li>The company has showcased results that have exceeded expectations for the year 2023, with a strong focus on profitable growth.</li><li>Over the nine months, the company has seen total sales rise by 4.4%, gross margin expand by 130 basis points to 31%, and adjusted EBITDA margin expand by 160 basis points to 20.4%.</li></ul>

This is our first report on building products manufacturer, TopBuild Corp.The company has showcased results that have exceeded expectations for the year 2023, with a strong focus on profitable growth.Over the nine months, the company has seen total sales rise by 4.4%, gross margin expand by 130 basis points to 31%, and adjusted EBITDA margin expand by 160 basis points to 20.4%.

TopBuild Corp.: Initiation of Coverage - How Their Revolutionary Approach in Commercial Sales is Breaking New Ground! - Major Drivers

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.</li>
<li>Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.</li>
<li>This bottom-up analysis also pointed to bullish macro conclusions about the economy.</li>
</ul>


A bottom-up driven scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases with strong potential upsides.
Bullish patterns are broadly based, primarily concentrated in technology and cyclicals, which argue for a continuation of the AI-related bull and an economic rebound.
This bottom-up analysis also pointed to bullish macro conclusions about the economy.


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>Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"</li>
<li>All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).</li>
<li>Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.</li>
</ul>


Since 11/21/23 Compass we have discussed weekly that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally"
All we got was a 1% peak to trough decline in the S&amp;P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled).
Now, SPX and QQQ are breaking out yet again after a multi-week consolidation period, including SPX breaking above 2-year resistance at 4600-4607. This is what a strong market looks like.


Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

United States

TopBuild Corp. provides insulation installation services. The Company offers residential insulation products and related accessories. TopBuild serves customers in the United States.

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Topbuild Corp (BLD US)

TopBuild Corp.: How They Are Expanding Through Strategic Acquisitions In A Fragmented Market! - Major Drivers

TopBuild, a leader in insulation installation and services, reported a solid start to fiscal year 2024, reflecting a consistent business model and...

Baptista Research

Topbuild Corp (BLD) - Thursday, Dec 21, 2023

BLD has established itself as a leader in the industry, serving both residential and commercial markets with a commitment to meeting the evolving...

Value Investors Club

TopBuild Corp.: Initiation of Coverage - How Their Revolutionary Approach in Commercial Sales is Breaking New Ground! - Major Drivers

This is our first report on building products manufacturer, TopBuild Corp. The company has showcased results that have exceeded expectations for...

Baptista Research

29 Reasons to Be Bullish

A bottom-up scan of stock charts shows over 29 stocks with bullish technical patterns consisting of uptrends or breakouts from multi-month bases...

Cam Hui

Lockout Rally Continues; Breakouts Piling Up; SPX Breakout Above 2-Yr Resistance at 4600-4607

Lockout Rally Continues; Breakouts Piling Up; $SPX Breakout Above 2-Yr Resistance at 4600-4607, $COMP Breakout Above 14,400. This is what a strong...

Vermilion Research

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