Daily Brief United States: Bitcoin, Crude Oil, Playa Hotels & Resorts NV, Apellis Pharmaceuticals, Brunswick Corp, Taylor Morrison Home Corp A, Sanmina Corp, ContextLogic , Simpson Manufacturing Co, Inc, Tempur Sealy International and more

• Nobody enjoys reading lengthy analyses during the holidays between Christmas and New Year’s Eve, and frankly, I am not inclined to write much either.
• Therefore, this edition of Crypto Moves is a concise one, focusing solely on our boldest predictions for the coming year—specifically for 2025.
• These forecasts are straightforward and easy to verify a year from now, whether we turn out to be right or wrong.

• The US oil and gas rig count remained unchanged for the third straight week at 589 for the week ending on 27/Dec.
• For the week ending 20/Dec, US oil production moderately fell to 13.59m bpd from 13.6m bpd the week prior.
• The number of active US oil and gas rigs remained steady at 483 and 102, respectively. US producers added one rig in North Dakota and cut one in Texas.

• Playa Hotels & Resorts reported third-quarter 2024 results that exceeded expectations, driven by steady performance in the Yucatan and Dominican Republic segments and improving demand in the Pacific Coast and Jamaica.
• The company achieved owned resort EBITDA of $36.6 million in the quarter, which included a benefit from business interruption insurance proceeds of approximately $700,000, compared to $1 million in the same period last year.
• The company’s results reflected the impact of external factors such as Hurricane Barrel, construction disruptions, and travel advisories.

• Apellis Pharmaceuticals reported its third-quarter 2024 financial results, highlighting key developments and offering insights into future expectations.
• The company, co-founded and led by CEO Dr. Cedric Francois, focuses on targeting C3 to address complement-mediated diseases.
• During the third quarter, Apellis saw progress in commercial demand for SYFOVRE, although net product revenue for SYFOVRE dipped slightly by 1.7% due to factors like higher gross-to-net adjustments and contracting dynamics.

• Brunswick Corporation’s third-quarter performance in 2024 showcased a mix of resilience and caution amidst a challenging marine market.
• The company reported sales down by 20% and an adjusted EPS of $1.17, reflecting a decrease compared to the previous year due to weakening market conditions.
• Nevertheless, Brunswick’s recurring revenue streams, such as the Engine Parts & Accessories (P&A) business, Propulsion’s repower business, and Freedom Boat Club, contributed significantly, underpinning the company’s financial performance.

• Taylor Morrison Home Corporation reported a robust performance for the third quarter of 2024, showcasing the efficacy of its diversified consumer and geographic strategy amidst economic uncertainty and weather-related challenges.
• During the quarter, the company delivered 3,394 homes with an average selling price of $598,000, contributing to over $2 billion in revenue.
• The home closings gross margin stood at 24.8%, representing an encouraging increase from previous quarters and indicating effective cost management and pricing strategies.

• Sanmina Corporation recently presented its financial performance for the fourth quarter and fiscal year 2024.
• The company exhibited a commendable year-end financial performance, with revenue reaching $2.02 billion, surpassing their forecast of $1.9 billion to $2.0 billion, marking a sequential increase of 9.6%.
• Despite facing a challenging fiscal year largely characterized by inventory adjustment with clients, Sanmina achieved non-GAAP earnings per share (EPS) of $1.43, exceeding expectations.

• ContextLogic is a cash and NOL shell trading at a discount with potential to double in value through NOL maximization strategies
• Assets include cash and $2.8 billion in Federal NOLs, with a previous market value decline due to ownership of Wish.com
• Strategy involves acquiring a business with taxable earnings to maximize NOL value, offering investors potential upside from NOL monetization.

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.

• Simpson Manufacturing Company’s third quarter 2024 results provide an insight into its current operational and financial positioning.
• The company’s net sales reached $587.2 million, showing a modest increase over the prior year, despite pressures in both U.S. and European housing markets.
• This resilience is partly attributed to Simpson’s growth strategy, as North American volume growth outperformed U.S. housing starts by approximately 500 basis points.

• In the third quarter of 2024, Tempur Sealy reported a modest 2% increase in net sales, amounting to $1.3 billion.
• This was accompanied by a 6% rise in adjusted EBITDA to $275 million year-over year.
• The company’s GAAP EPS grew 14% to $0.73 per share, while the adjusted EPS saw a 7% increase to $0.82 per share.