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>Urban Outfitters, Inc. had an exceptional first quarter for fiscal 2025, performing better than expected with four out of five brands posting record revenues leading to an overall revenue of $1.2 billion.</li><li>Anthropologie, Free People, FP Movement, and Nuuly all experienced double-digit growth, with record operating incomes reported for 3 of their brands.</li><li>These strong results, however, were somewhat tempered by continuous weak performance at the Urban Outfitters brand.</li></ul>

Urban Outfitters, Inc. had an exceptional first quarter for fiscal 2025, performing better than expected with four out of five brands posting record revenues leading to an overall revenue of $1.2 billion.Anthropologie, Free People, FP Movement, and Nuuly all experienced double-digit growth, with record operating incomes reported for 3 of their brands.These strong results, however, were somewhat tempered by continuous weak performance at the Urban Outfitters brand.

Urban Outfitters: Impact Of New Facility On Their Logistics & Profitability & Other Major Drivers

<ul><li>Urban Outfitters, Inc.'s Q4 results reported during their latest earnings reveal a period of growth.</li><li>Retail segment sales grew by 8% to a fourth-quarter record of $1.5 billion, driven by an increase in total retail segment comp (comparable sales) of 5% and a 69% rise in Nuuly segment revenue.</li><li>Strong marketing and improved customer acquisition practices also contributed to the increased performance, with Anthropologie, Free People and FP Movement contributing double-digit retail segment comp sales in the same quarter.</li></ul>

Urban Outfitters, Inc.'s Q4 results reported during their latest earnings reveal a period of growth.Retail segment sales grew by 8% to a fourth-quarter record of $1.5 billion, driven by an increase in total retail segment comp (comparable sales) of 5% and a 69% rise in Nuuly segment revenue.Strong marketing and improved customer acquisition practices also contributed to the increased performance, with Anthropologie, Free People and FP Movement contributing double-digit retail segment comp sales in the same quarter.

Urban Outfitters: Will Its Store Network Expansion Result In Profitable Growth? - Major Drivers

<ul><li>This is our first report on consumer products player, Urban Outfitters, Inc.</li><li>The company's Q3 2024 earnings call demonstrated signs of consistent growth and profitability across most of its brands, although improvements are still needed for the flagship Urban Outfitters brand.</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 consumer products player, Urban Outfitters, Inc.The company's Q3 2024 earnings call demonstrated signs of consistent growth and profitability across most of its brands, although improvements are still needed for the flagship Urban Outfitters brand.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Urban Outfitters Inc: Initiation of Coverage - What Is Their Core Business Strategy? - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On 3 June 2022, the S&amp;P DJI Global Index team announced changes to the S&amp;P500, S&amp;P Midcap 400, and S&amp;P SmallCap 600 indices (and a number of other smaller indices).</li>
<li>
<a href="https://www.smartkarma.com/entities/vici-properties-inc" target="_blank" data-smartkarma-citation="entities:28786:1" rel="noopener"></a>VICI Properties (VICI) will replace Cerner (CERN) in S&amp;P500 at close of 7 June. Keurig DrPepper and ON Semiconductor will replace UnderArmour and IPG Photonics at close 17 June.</li>
<li>This set of rebalances is particularly interesting in terms of non-offsetting flows, unlike many rebals which are just a game of musical shares between the three top indices.</li>
</ul>


On 3 June 2022, the S&amp;P DJI Global Index team announced changes to the S&amp;P500, S&amp;P Midcap 400, and S&amp;P SmallCap 600 indices (and a number of other smaller indices).

VICI Properties (VICI) will replace Cerner (CERN) in S&amp;P500 at close of 7 June. Keurig DrPepper and ON Semiconductor will replace UnderArmour and IPG Photonics at close 17 June.
This set of rebalances is particularly interesting in terms of non-offsetting flows, unlike many rebals which are just a game of musical shares between the three top indices.


S&P500, S&PMid400, and S&PSmall600 Index Changes for June 2022 - More Interesting Than Usual

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

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>We believe there is significant evidence that the broad equity market has bottomed, and a year-end rally has begun. This report elaborates on this main point</li>
<li>Last week (10/31/23) we discussed how the $SPX and $QQQ did not display decisive breakdowns, and that a break above 4165-4200 and $350-$355, respectively, would be bullish, that's what happened</li>
<li>Additionally, we discussed how risk/reward favored buyers with the $IWM testing 1.5-year support at $162-$163, a logical spot for small-caps to bounce, especially when we considering persistent bullish breadth divergences.</li>
</ul>


We believe there is significant evidence that the broad equity market has bottomed, and a year-end rally has begun. This report elaborates on this main point
Last week (10/31/23) we discussed how the $SPX and $QQQ did not display decisive breakdowns, and that a break above 4165-4200 and $350-$355, respectively, would be bullish, that's what happened
Additionally, we discussed how risk/reward favored buyers with the $IWM testing 1.5-year support at $162-$163, a logical spot for small-caps to bounce, especially when we considering persistent bullish breadth divergences.


Just Another Counter-Trend Rally, or Something More? DXY and Treasury Yields Breaking Key Supports

United States

Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites.  The Company's Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets young women's casual wear which it provides to the Company's retail operations and sells to retailers worldwide.

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Urban Outfitters (URBN US)

Urban Outfitters: Impact Of New Facility On Their Logistics & Profitability & Other Major Drivers

Urban Outfitters, Inc. had an exceptional first quarter for fiscal 2025, performing better than expected with four out of five brands posting...

Baptista Research

Urban Outfitters: Will Its Store Network Expansion Result In Profitable Growth? - Major Drivers

Urban Outfitters, Inc.'s Q4 results reported during their latest earnings reveal a period of growth. Retail segment sales grew by 8% to a...

Baptista Research

Urban Outfitters Inc: Initiation of Coverage - What Is Their Core Business Strategy? - Major Drivers

This is our first report on consumer products player, Urban Outfitters, Inc. The company's Q3 2024 earnings call demonstrated signs of consistent...

Baptista Research

S&P500, S&PMid400, and S&PSmall600 Index Changes for June 2022 - More Interesting Than Usual

The June 2022 S&P500, S&P Midcap 400 and S&P SmallCap 600 Rebalance was announced on 3 June 2022. VICI will replace CERN at the close of 7 June,...

Travis Lundy

Just Another Counter-Trend Rally, or Something More? DXY and Treasury Yields Breaking Key Supports

Just Another Counter-Trend Rally, or Something More?; $DXY and Treasury Yields $TNX $TYX Breaking Key Supports, several other reasons why we...

Vermilion Research

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