Latest news with #ZIMIntegrated
Yahoo
29-05-2025
- Business
- Yahoo
Why ZIM Integrated Shipping Services Ltd. (ZIM) Went Down On Tuesday
We recently published a list of In this article, we are going to take a look at where ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands against other worst-performing stocks. ZIM Integrated dropped its share prices by 2.88 percent on Tuesday to finish at $17.53 apiece as investors sold off positions while digesting the company's cautious business outlook for the rest of the year. 'As we look toward the remainder of the year, the operating environment is highly uncertain, driven by a range of factors impacting global trade and economic expectations. For ZIM, our focus is on controlling what we can and responding to market shifts quickly with decisive actions,' said ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) President and CEO Eli Glickman. A fleet of vessels docking at a busy harbor, signaling the company's presence in global marine shipping. 'We continuously assess how to best allocate capacity and have taken steps to modify our network to match the changes in cargo flow from China and other Southeast Asian markets into the United States, including within the last week, which underscores the agile nature of our commercial strategy.' In recent news, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) said net income increased by 222 percent to $296 million from $92 million in the same period last year. Revenues grew by 28 percent to $2.01 billion from $1.56 billion year-on-year. Overall, ZIM ranks 9th on our list of worst-performing stocks. While we acknowledge the potential of ZIM, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ZIM and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Jim Cramer on ZIM Integrated Shipping Services (ZIM): 'I Don't Like That'
We recently published a list of . In this article, we are going to take a look at where ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands against other stocks that Jim Cramer discussed recently. On Tuesday, Jim Cramer, host of Mad Money, broke down the day's market movements as he pointed to rising bond yields as the main force behind a series of notable shifts in stock performance. 'Every day around here, we have a referendum on stocks, and you can't let it get you down because tomorrow's vote can always be different from today's… Why is it like this?… Well, the answer is a mischievous one.' READ ALSO Jim Cramer's Recent Thoughts on These 15 Stocks and Jim Cramer Put These 12 Stocks Under the Spotlight Cramer offered a broader perspective and explained that on most days, individual stocks respond either to the movements of other stocks or to the overall direction of the market. He said that the market, in turn, often takes its cues from the bond market, which he described as its 'much larger sibling.' On Tuesday, he noted that the bond market heavily influenced stock prices. He highlighted that every downward movement in bond prices, which translates to higher interest rates, was met with negative reactions from the stock market. According to Cramer, such a relationship meant that rising rates handed the advantage to the market bears and tipped the scales in their favor during daily trading. 'So here's the bottom line: The good news is that rates can also go up and not just down by the time we get a budget deal. The bad news is that rates are threatening to break out to the upside. And if they can't stay calm, if they jump to a new, higher level while Congress works on the budget bill, we're liable to have more days like today, where you need a plethora of positive themes for any given stock to break free from the gravitational pull of these darn miserable Treasurys.' For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on May 20. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A fleet of vessels docking at a busy harbor, signaling the company's presence in global marine shipping. Number of Hedge Fund Holders: 29 When a caller asked about ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), Cramer said, 'ZIM Integrated, no, I don't like that and that dividend is a sucker's play. I don't want you in that stock.' ZIM Integrated Shipping (NYSE:ZIM) provides container transport and logistics solutions for a range of customers. Moreover, the company offers a tracking service for temperature-sensitive cargo. The company reported its financial results for the first quarter of 2025 on May 19. Net income for the quarter reached $296 million, a sharp increase from $92 million in the same period in 2024. Diluted EPS rose to $2.45, compared to $0.75 in the first quarter of the previous year. Lastly, ZIM Integrated Shipping (NYSE:ZIM) reported that the adjusted EBITDA came in at $779 million, which was an 82% increase year-over-year. Overall, ZIM ranks 8th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ZIM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
21-05-2025
- Business
- Yahoo
Jim Cramer on ZIM Integrated Shipping Services (ZIM): 'I Don't Like That'
We recently published a list of . In this article, we are going to take a look at where ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands against other stocks that Jim Cramer discussed recently. On Tuesday, Jim Cramer, host of Mad Money, broke down the day's market movements as he pointed to rising bond yields as the main force behind a series of notable shifts in stock performance. 'Every day around here, we have a referendum on stocks, and you can't let it get you down because tomorrow's vote can always be different from today's… Why is it like this?… Well, the answer is a mischievous one.' READ ALSO Jim Cramer's Recent Thoughts on These 15 Stocks and Jim Cramer Put These 12 Stocks Under the Spotlight Cramer offered a broader perspective and explained that on most days, individual stocks respond either to the movements of other stocks or to the overall direction of the market. He said that the market, in turn, often takes its cues from the bond market, which he described as its 'much larger sibling.' On Tuesday, he noted that the bond market heavily influenced stock prices. He highlighted that every downward movement in bond prices, which translates to higher interest rates, was met with negative reactions from the stock market. According to Cramer, such a relationship meant that rising rates handed the advantage to the market bears and tipped the scales in their favor during daily trading. 'So here's the bottom line: The good news is that rates can also go up and not just down by the time we get a budget deal. The bad news is that rates are threatening to break out to the upside. And if they can't stay calm, if they jump to a new, higher level while Congress works on the budget bill, we're liable to have more days like today, where you need a plethora of positive themes for any given stock to break free from the gravitational pull of these darn miserable Treasurys.' For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on May 20. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A fleet of vessels docking at a busy harbor, signaling the company's presence in global marine shipping. Number of Hedge Fund Holders: 29 When a caller asked about ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), Cramer said, 'ZIM Integrated, no, I don't like that and that dividend is a sucker's play. I don't want you in that stock.' ZIM Integrated Shipping (NYSE:ZIM) provides container transport and logistics solutions for a range of customers. Moreover, the company offers a tracking service for temperature-sensitive cargo. The company reported its financial results for the first quarter of 2025 on May 19. Net income for the quarter reached $296 million, a sharp increase from $92 million in the same period in 2024. Diluted EPS rose to $2.45, compared to $0.75 in the first quarter of the previous year. Lastly, ZIM Integrated Shipping (NYSE:ZIM) reported that the adjusted EBITDA came in at $779 million, which was an 82% increase year-over-year. Overall, ZIM ranks 8th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ZIM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
21-05-2025
- Business
- Yahoo
Why ZIM Integrated Shipping Services (ZIM) Surged Today
We recently published a list of . In this article, we are going to take a look at where ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands against other stocks that stole the show today. Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite. While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. In this article, we list the names of the top-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. A fleet of vessels docking at a busy harbor, signaling the company's presence in global marine shipping. ZIM Integrated grew its share prices by 5.67 percent on Monday to end at $19.37 apiece following an impressive earnings performance in the past quarter of the year. In its earnings release, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) said that net income attributable to shareholders soared by 227 percent to $295.3 million from $90.3 million in the same period last year, as revenues increased by 28 percent to $2 billion from $1.56 billion year-on-year. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), however, posted a cautiously optimistic outlook for the rest of the year, reaffirming its target adjusted EBITDA of $1.6 billion to $2.2 billion, and adjusted EBIT worth $350 million to $950 million. 'The operating environment is highly uncertain, driven by a range of factors impacting global trade and economic expectations,' said President and CEO Eli Glickman. But 'we are confident that we have built a resilient business and will continue to benefit from the strategic investment in our fleet with larger, more modern, cost-effective capacity, approximately 40 percent of which is LNG-fueled. Supported by our lower cost base, we believe ZIM is well positioned to drive profitable growth over the long term,' he added. Overall, ZIM ranks 9th on our list of stocks that stole the show today. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than ZIM but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Why ZIM Integrated Shipping Services (ZIM) Surged Today
We recently published a list of . In this article, we are going to take a look at where ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands against other stocks that stole the show today. Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite. While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. In this article, we list the names of the top-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. A fleet of vessels docking at a busy harbor, signaling the company's presence in global marine shipping. ZIM Integrated grew its share prices by 5.67 percent on Monday to end at $19.37 apiece following an impressive earnings performance in the past quarter of the year. In its earnings release, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) said that net income attributable to shareholders soared by 227 percent to $295.3 million from $90.3 million in the same period last year, as revenues increased by 28 percent to $2 billion from $1.56 billion year-on-year. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), however, posted a cautiously optimistic outlook for the rest of the year, reaffirming its target adjusted EBITDA of $1.6 billion to $2.2 billion, and adjusted EBIT worth $350 million to $950 million. 'The operating environment is highly uncertain, driven by a range of factors impacting global trade and economic expectations,' said President and CEO Eli Glickman. But 'we are confident that we have built a resilient business and will continue to benefit from the strategic investment in our fleet with larger, more modern, cost-effective capacity, approximately 40 percent of which is LNG-fueled. Supported by our lower cost base, we believe ZIM is well positioned to drive profitable growth over the long term,' he added. Overall, ZIM ranks 9th on our list of stocks that stole the show today. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than ZIM but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
