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

Warner Bros Discovery  / Equity Bottom-Up

<ul><li>Discovery, Inc. delivered disappointing results in the third quarter as it could not meet Wall Street's revenue and earnings expectations.</li><li>The company highlighted a Q3 free cash flow of over $2 billion, with a projected yearly total surpassing $5 billion.</li><li>While prioritizing debt management, Discovery embraces the opportunity to allocate capital toward growth initiatives.</li></ul>

Discovery, Inc. delivered disappointing results in the third quarter as it could not meet Wall Street's revenue and earnings expectations.The company highlighted a Q3 free cash flow of over $2 billion, with a projected yearly total surpassing $5 billion.While prioritizing debt management, Discovery embraces the opportunity to allocate capital toward growth initiatives.

Warner Bros. Discovery Inc.: Can The BluTV Acquisition Be A Game Changer? - Major Drivers

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Disney is scheduled to release its Q2 2023 results later this week.</li>
<li>A number of factors are pointing to a strong and a better than expected quarter, but long-term problems remain.</li>
<li>The macroeconomic environment is also supportive for Disney's Parks, Experiences and Products segment.</li>
</ul>


Disney is scheduled to release its Q2 2023 results later this week.
A number of factors are pointing to a strong and a better than expected quarter, but long-term problems remain.
The macroeconomic environment is also supportive for Disney's Parks, Experiences and Products segment.


Disney's Q2 2023 Earnings: Now Is The Time To Deliver

US-EU Index Rebalances / Quantitative Researcher, Ortex

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

Ortex

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

Monolithic Power Systems, Inc / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/monolithic-power-systems-inc" target="_blank" data-smartkarma-citation="entities:2088:1" rel="noopener">Monolithic Power Systems (MPWR US)</a> is a direct addition followed by <a href="https://www.smartkarma.com/entities/applovin-corp" target="_blank" data-smartkarma-citation="entities:32989:1" rel="noopener">AppLovin (APP US)</a> which is a conditional addition but close to be direct. Demand is ~$1.8bn and ~3.5 ADV.</li>
<li>
<a href="https://www.smartkarma.com/entities/dollar-tree-inc" target="_blank" data-smartkarma-citation="entities:10913:1" rel="noopener">Dollar Tree Inc (DLTR US)</a> is a direct deletion with the highest exclusion probability as it is  ranked above the exit rank of 125. </li>
<li>
<a href="https://www.smartkarma.com/entities/super-micro-computer-inc" target="_blank" data-smartkarma-citation="entities:7921:1" rel="noopener">Super Micro Computer (SMCI US)</a> , <a href="https://www.smartkarma.com/entities/arm-holdings-inc" target="_blank" data-smartkarma-citation="entities:21816:1" rel="noopener">ARM Holdings (ARM US)</a> and <a href="https://www.smartkarma.com/entities/moderna-inc" target="_blank" data-smartkarma-citation="entities:28744:1" rel="noopener">Moderna (MRNA US)</a> are amongst the prioritized constituents preventing eligible candidates from entering the index. </li>
</ul>



Monolithic Power Systems (MPWR US) is a direct addition followed by AppLovin (APP US) which is a conditional addition but close to be direct. Demand is ~$1.8bn and ~3.5 ADV.

Dollar Tree Inc (DLTR US) is a direct deletion with the highest exclusion probability as it is  ranked above the exit rank of 125. 

Super Micro Computer (SMCI US) , ARM Holdings (ARM US) and Moderna (MRNA US) are amongst the prioritized constituents preventing eligible candidates from entering the index. 


Nasdaq-100 December 2024 Forecasts: Monolithic Power & AppLovin It; Dollar Tree Needs Watering

<ul><li>Discovery, Inc. delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.</li><li>The company generated almost $1.7 billion in free cash flow this quarter, and the team anticipates around the same in Q3.</li><li>Their global direct-to-consumer business was mildly EBITDA positive for the first half of this year and nearly breakeven in the second quarter.</li></ul>

Discovery, Inc. delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.The company generated almost $1.7 billion in free cash flow this quarter, and the team anticipates around the same in Q3.Their global direct-to-consumer business was mildly EBITDA positive for the first half of this year and nearly breakeven in the second quarter.

Warner Bros. Discovery Inc.: Uncovering the Secrets Behind Their Global Business Success! - Major Drivers

<ul><li>Discovery delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>With diverse media assets and strong franchises, including Warner Bros' 100th anniversary, Discovery is committed to delivering high-quality content and reinvigorating its feature animation business.</li><li>The company is focused on driving leverage down, generating free cash flow, and building a sustainable business for long-term growth.</li></ul>

Discovery delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.With diverse media assets and strong franchises, including Warner Bros' 100th anniversary, Discovery is committed to delivering high-quality content and reinvigorating its feature animation business.The company is focused on driving leverage down, generating free cash flow, and building a sustainable business for long-term growth.

Warner Bros. Discovery Inc.: Strategy For Subscriber Expansion & Other Drivers

United States

Warner Bros. Discovery, Inc. operates as a media and entertainment company. The Company offers a complete portfolio of content, brands, and franchises across television, film, streaming, and gaming.

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Warner Bros Discovery (WBD US)

Warner Bros. Discovery Inc.: Can The BluTV Acquisition Be A Game Changer? - Major Drivers

Discovery, Inc. delivered disappointing results in the third quarter as it could not meet Wall Street's revenue and earnings expectations. The...

Baptista Research

Disney's Q2 2023 Earnings: Now Is The Time To Deliver

Disney is scheduled to release its Q2 2023 results later this week. A number of factors are pointing to a strong and a better than expected...

Vladimir Dimitrov, CFA

Nasdaq-100 December 2024 Forecasts: Monolithic Power & AppLovin It; Dollar Tree Needs Watering

MPWR and APP are the top candidates for inclusion with an average forecasted demand at nearly $2bn and 3.5 ADV, while DLTR and ILMN face a high...

Dimitris Ioannidis

Warner Bros. Discovery Inc.: Uncovering the Secrets Behind Their Global Business Success! - Major Drivers

Discovery, Inc. delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street. The...

Baptista Research

Warner Bros. Discovery Inc.: Strategy For Subscriber Expansion & Other Drivers

Discovery delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations...

Baptista Research

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52-week Range

Market Cap (USDm)

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Dividend (Yield)

Warner Bros. Discovery Inc.: Can The BluTV Acquisition Be A Game Changer? - Major Drivers

Discovery, Inc. delivered disappointing results in the third quarter as it could not meet Wall Street's revenue and earnings expectations. The...

Baptista Research

Disney's Q2 2023 Earnings: Now Is The Time To Deliver

Disney is scheduled to release its Q2 2023 results later this week. A number of factors are pointing to a strong and a better than expected...

Vladimir Dimitrov, CFA

Nasdaq-100 December 2024 Forecasts: Monolithic Power & AppLovin It; Dollar Tree Needs Watering

​MPWR and APP are the top candidates for inclusion with an average forecasted demand at nearly $2bn and 3.5 ADV, while DLTR and ILMN face a high...

Dimitris Ioannidis

Warner Bros. Discovery Inc.: Uncovering the Secrets Behind Their Global Business Success! - Major Drivers

Discovery, Inc. delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street. The...

Baptista Research

Warner Bros. Discovery Inc.: Strategy For Subscriber Expansion & Other Drivers

Discovery delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations...

Baptista Research

MPWR and APP are the top candidates for inclusion with an average forecasted demand at nearly $2bn and 3.5 ADV, while DLTR and ILMN face a high...