ZIM Integrated Shipping 주식 (NYSE: ZIM)

에 대한 최신 뉴스 ZIM Integrated Shipping (NYSE:ZIM) 주식

ZIM Integrated Shipping

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of its revenue from the Pacific trade region.

Global

Markets

ESEA

소매업체들이 미국 항구에서 파업 조치를 앞두고 재고를 보충하려고 함에 따라 미국으로 향하는 대서양 횡단 컨테이너 운송량이 다시 증가하고 있다.

美 항구 파업 가능성에 대서양 횡단 컨테이너 운송량 증가, 컨테이너 선사들 주가 상승

Earnings

Long Ideas

News

Pre-Market Outlook

Trading Ideas

ABIO

PANW

월요일 아침 미국 주식 선물이 하락세로 거래되면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다: 월스트리트는 에스티 로더(NYSE:EL)가 개장 전에 38억 3천만 달러의 매출과 주당 27센트의 분기 이익을 보고할 것으로 예상하고 있다. 벤징가 프로의 데이터에 따르면 에스티 로더의 주식은 시간외 거래에서 0.3% 상승한 95.21달러를 기록했다.

월요일 주목해야 할 주식: 에스티 로더, 팔로알토 네트웍스 그리고3종목

ZIM Integrated Shipping Services Ltd. Ordinary Shares

ZIM Integrated Shipping Services Ltd

Zim Corp

ZimVie Inc

ZIMBOCASH

ZIMMER ENERGY TRANSITION ACQUISITION CORP.

Zimmer Biomet Holdings, Inc. Common Stock

Zimmer Biomet Holdings Inc

ZIMPLATS HLDGS LTD ORD by Zimplats Holdings Ltd.

Zimplats Holdings Ltd

ZIMTU CAPITAL CORP ORD by Zimtu Capital Corp

Zimtu Capital Corp

Truist Securities analyst Jake Bartlett maintains Texas Roadhouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>) with a Buy and raises the price target from $196 to $202.

Price Target

Analyst Ratings

TXRH

Truist Securities Maintains Buy on Texas Roadhouse, Raises Price Target to $202

Federal Reserve

Fed's Goolsbee Says Powell's Message That There Are Balanced Risks Is Wise And Exactly How We Should Think About This

Truist Securities analyst Mark Hughes maintains Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) with a Hold and raises the price target from $65 to $80.

GSHD

Truist Securities Maintains Hold on Goosehead Insurance, Raises Price Target to $80

Fed's Goolsbee Says Don't Get Too Worked Up About Any One Month's Report; Says The More Reports Like This, The More Confident I'd Be That Labor Market Is Where We Want To Be

Scotiabank analyst Phil Hardie upgrades Propel Holdings (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PRL#TSX">PRL</a>) from Sector Perform to Sector Outperform and raises the price target from C$28 to C$34.

Upgrades

TSX:PRL

Scotiabank Upgrades Propel Holdings to Sector Outperform, Raises Price Target to C$34

U.S. stocks were higher, with the Dow Jones index gaining more than 50 points on Friday.
Shares of Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) rose sharply during Friday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS<a href="https://www.benzinga.com/news/earnings/24/10/41182821/architectural-services-company-apogee-smashes-q2-expectations-hikes-fy25-eps-outlook-despite-revenu"> guidance above estimates</a>.
Apogee Enterprises reported second-quarter sales of $342.4 million, beating the consensus estimate of $335.3 million. Adjusted EPS rose 5.9% Y/Y to $1.44, beating the consensus of $1.23.
Apogee Enterprises shares jumped 20.7% to $82.56 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) gained 20.6% to $6.02 following a report suggesting Spirit Airlines is considering filing for bankruptcy. The company, a budget airline, may see a rise in passengers due to a drop in competition.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) surged 15% to $7.34 following a report suggesting Sprint Airlines is considering filing for bankruptcy. Earlier this year, a judge blocked a merger between the two companies because it could hurt competition and hike ticket prices.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) surged 12.5% to $3.8250.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) gained 11.8% to $19.08 after the company announced it will present its long-term data from the HOPE-2 open-label extension study at the 2024 World Muscle Society Congress.</li>
<li>Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) rose 10.5% to $3.0950.</li>
<li>Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) gained 10.3% to $44.22 following a report suggesting that Apollo Global Management is in talks to acquire the company.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares rose 10.3% to $28.84.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 7.2% to $20.33 after Citigroup initiated coverage on the stock with a Buy rating and announced a price target of $26.8.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 6.6% to $20.81.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) climbed 6% to $142.21.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained 5.1% to $58.48.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41184411/this-morgan-stanley-analyst-turns-bullish-here-are-top-5-upgrades-for-friday">This Morgan Stanley Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday</a></li>
</ul>

Intraday Update

Movers

ALTM

APOG

CAPR

JBLU

MNSO

ULCC

Apogee Enterprises Posts Upbeat Earnings, Joins Frontier Group, JetBlue Airways And Other Big Stocks Moving Higher On Friday

Have you ever walked into a dispensary, asked a budtender for advice and left wondering if they had any idea what you were talking about or needed? In an exclusive interview with Benzinga Cannabis, Martez Knox, founder and CEO of BakedBot AI, shared info on AI-driven bots are changing customer experiences and B2B transactions by making sure you get the right product every time. 
BakedBot AI launched in January 2023, but Knox's journey with AI began earlier when he worked in marketing automation and lead generation. 
Frustration with the budtender's lack of knowledge sparked the idea to leverage AI for more personalized cannabis recommendations.&nbsp;
&#8220;The idea hit me when I realized that the budtender had no clue what would work best for me as a customer,&#8221; Knox said. With advanced AI tools, his systems are boosting efficiency, sales and customer retention for dispensaries.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Solving Dispensary Pain Points With AI</h3>
Knox identified several pain points in the cannabis industry, particularly the challenge of reaching customers through marketing channels.&nbsp;
"Bigger carriers like Verizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) often block messages containing certain words, making it difficult for dispensaries to connect with customers," <a href="https://www.linkedin.com/in/martezknox/">Martez</a> noted, adding that <a href="https://www.linkedin.com/company/bakedbot-ai/">BakedBot AI </a>addresses that issue. How? By using AI-powered autonomous agents that streamline customer engagement while improving outreach without relying on expensive marketing agencies.
One of BakedBot's flagship products, Smokey, the AI budtender, plays a crucial role in <a href="https://www.benzinga.com/topic/cannabis-marketing">personalizing</a> customer experience. 
Smokey uses customers&#8217; purchase histories and other data points to recommend strains based on individual preferences, from terpene profiles to personal preferences. 
&#8220;We're keeping their customers happy, lowering acquisition costs, and increasing lifetime value (LTV),&#8221; Knox explained, underscoring how AI-driven personalization enhances customer loyalty and reduces business costs.
Beyond personalization, Knox emphasized that BakedBot AI is designed to streamline daily operations for dispensaries, helping reduce losses and optimize workflow. Companies have found that after implementing AI tools, they can automate tasks such as price tracking against local competitors.&nbsp;
&#8220;We've saved marketers hours by automating the process of gathering competitor data,&#8221; Knox explained, highlighting how AI-powered tools enable businesses to maintain competitive pricing strategies without the need for manual input.
BakedBot's AI also help dispensaries optimize shelf space by analyzing sales trends and <a href="https://www.benzinga.com/markets/cannabis/24/10/41176039/whats-the-difference-between-medical-and-recreational-cannabis-users-new-survey-reveals-market-t">customer preferences</a>. 
&#8220;We help owners determine which products should be discounted and which should remain at full price, based on real-time market data and customer demand,&#8221; Knox said. 
These tools not only prevent losses from overstocking slow-moving products but also help maximize profitability by focusing on top-selling items.
Read Also:<a href="https://www.benzinga.com/general/biotech/24/08/40298228/think-you-can-do-it-all-20-000-reasons-why-automation-outperforms-a-broad-approach-in-cannabis">&nbsp;Think You Can Do It All? 20,000 Reasons Why Automation Outperforms A Broad Approach In Cannabis</a>
<h3 class="wp-block-heading">Creating Buyer Archetypes With AI</h3>
One of the key advantages of BakedBot AI is its ability to create detailed buyer archetypes. &#8220;AI is great at finding patterns in big data,&#8221; he said. &#8220;We look at <a href="https://www.benzinga.com/markets/cannabis/24/08/40533363/how-seo-trauma-is-costing-weed-brands-70-of-sales-and-why-most-dispensaries-fail-jp-donahue-unle">thousands of data points</a> to predict customer behavior, whether it&#8217;s a college student on a budget or a more established adult seeking specific effects.&#8221; This ability to build <a href="https://www.benzinga.com/markets/cannabis/24/06/39540101/budget-conscious-consumers-boost-sales-of-marijuana-multipacks-94-brands-vie-for-colorados-pre-r">buyer archetypes </a>ensures that dispensaries can tailor their marketing and product offerings more effectively.
&#8220;If a customer likes OG Kush with a high percentage of certain <a href="https://www.benzinga.com/general/biotech/24/05/38626097/why-does-tangie-smell">cannabinoids and terpenes</a>, there&#8217;s a good chance they&#8217;ll enjoy a similar strain.&#8221; 
<h3 class="wp-block-heading">Integrating Local Knowledge Into AI Systems</h3>
Knox explained that BakedBot AI integrates both big data and local knowledge to create a comprehensive solution for dispensaries. &#8220;Dispensaries themselves can upload their data about local trends, customer preferences, and word of mouth into the system,&#8221; he said.&nbsp;
Read Also:<a href="https://www.benzinga.com/general/biotech/24/09/40754415/transforming-a-5-000-year-old-craft-how-weed-companies-use-data-to-make-hash-without-losing-its-a">&nbsp;Transforming A 5,000-Year-Old Craft: How Weed Companies Use Data To Make Hash Without Losing Its Art</a>
<h3 class="wp-block-heading">Lead Generation And Data Ownership</h3>
Knox says there is great potential in AI's ability to drive lead generation. &#8220;Lead generation is all about getting customers into your funnel.&#8221; BakedBot's headless menu solution allows dispensaries to optimize <a href="https://www.benzinga.com/markets/cannabis/24/09/40753138/how-google-ai-and-digital-marketing-are-changing-weed-retailing-for-good-how-you-can-and-should-">product visibility on Google</a>, driving organic traffic without relying on external platforms. 
He was clear on the importance of dispensaries owning their customer data. &#8220;Dispensaries need their <a href="https://www.benzinga.com/markets/cannabis/24/04/38230062/your-next-weed-promo-could-go-viral-how-cannacribs-is-shaping-social-media-with-influencer-marke">web presence </a>to generate first-party data. If your dispensary is using the biggest marketplaces out there, you&#8217;re not getting access to first-party data,&#8221; he said. &#8220;We provide dispensaries with the tools to gather that data directly from their websites.
&#8220;AI is all about recognizing patterns,&#8221; Knox explained. &#8220;When you look at large language models, it&#8217;s essentially predictive analytics at work—identifying which words and phrases are most likely to follow others based on huge data sets. Machine learning comes into play by enabling systems to find these patterns and learn from them, improving predictions over time.&#8221;&nbsp;
He added that with AI, &#8220;it&#8217;s more like advanced predictive analytics, helping businesses make <a href="https://www.benzinga.com/markets/cannabis/24/05/38972587/who-is-buying-marijuana-and-why-market-data-provides-behavior-profiles-insights-for-investors">decisions based on vast amounts of data t</a>hat constantly refine as new information comes in.&#8221;
<h3 class="wp-block-heading">It's Freemium </h3>
"We offer a freemium model," Knox said, noting that small operators can access a limited version of Smokey for free. This model includes basic AI-driven features, such as the budtender tool and a headless menu solution. 
For more complex needs, such as advanced automation and in-depth analytics, dispensaries can upgrade to paid plans starting at $50 per month.
&#8220;This pricing model makes AI tools affordable for smaller operators while providing larger operations with the flexibility to scale up.&#8221; 
Read Also:<a href="https://www.benzinga.com/general/biotech/23/08/33579692/cannabis-robots-meet-the-company-boosting-efficiency-and-margins-through-packaging-automation">&nbsp;Cannabis Robots: Meet The Company Boosting Efficiency And Margins Through Packaging Automation</a>
<h3 class="wp-block-heading">Meet The Bot </h3>
Knox said he&#8217;s confident the company will further disrupt cannabis retail. "We expect to be out of beta in a month or two," he said, hinting at future developments that could further enhance the dispensary experience.
BakedBot AI will be at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Chicago on October 8-9, 2024. Investors can check out how their AI tools drive critical improvements in margins, cost of goods, and shelf optimization through predictive analytics. 
With over 2,000 attendees and 200 investors expected, it&#8217;s a prime opportunity to see how AI can maximize profits in cannabis retail​.&nbsp;
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>

Biotech

Cannabis

Entrepreneurship

Retail Sales

Management

Success Stories

Small Business

Exclusives

Tech

Interview

TMUS

Budtenders Letting You Down? Meet The Weed Bot That Actually Knows What You Want

<a href="https://x.com/hntrbrkmedia/status/1842207710009237818" title="https://x.com/hntrbrkmedia/status/1842207710009237818">https://x.com/hntrbrkmedia/status/1842207710009237818</a>

Shares Of Ferroglobe Seeing Volume, Hunterbrook Post On X, "Hunterbrook Capital is long Ferroglobe Plc…"

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>HSBC analyst Sean McLoughlin downgraded the rating for GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) from Buy to Hold but raised the price target from $240 to $255. GE Vernova shares gained 1% to close at $254.68 on Thursday. <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie analyst Eugene Hsiao downgraded Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) from Outperform to Neutral but increased the price target from $25 to $33. Li Auto shares fell 3.6% to close at $28.82 on Thursday. <a href="https://www.benzinga.com/quote/LI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Joshua Shanker downgraded the rating for Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) from Neutral to Underperform but raised the price target from $264 to $275. Chubb shares fell 1% to close at $288.54 on Thursday. <a href="https://www.benzinga.com/quote/CB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Jake Bartlett downgraded Dine Brands Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) from Buy to Hold and lowered the price target from $66 to $37. Dine Brands Global shares fell 2.9% to close at $33.55 on Thursday. <a href="https://www.benzinga.com/quote/DIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Christopher LeFemina downgraded the rating for BHP Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) from Buy to Hold and slashed the price target from $72 to $68. BHP Group shares fell 2.5% to close at $60.89 on Thursday. <a href="https://www.benzinga.com/quote/BHP/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying LI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04090804/image-21-1024x520.png" alt="" class="wp-image-580717" style="width:571px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04090804/image-21-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04090804/image-21-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04090804/image-21-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04090804/image-21.png 1345w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41180069/dow-tumbles-nearly-200-points-amid-growing-middle-east-concerns-investor-optimism-declines-fear-ind">Dow Tumbles Nearly 200 Points Amid Growing Middle East Concerns: Investor Optimism Declines, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Downgrades

This Li Auto Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Roth MKM analyst Matt Koranda reiterates Kits Eyecare (TSX:<a class="ticker" href="https://www.benzinga.com/stock/KITS#TSX">KITS</a>) with a Buy and maintains C$14 price target.

Reiteration

TSX:KITS

Roth MKM Reiterates Buy on Kits Eyecare, Maintains C$14 Price Target

As adult-use cannabis markets gain traction across the U.S., medical marijuana — a cornerstone of early cannabis reform — seems to be losing its place in policy discussions. 
Despite its importance, the focus on adult-use legalization has overshadowed the medical marijuana conversation, raising concerns within the industry.
Brandon Harshbarger, president of Cheech and Chong Global Holdings, discussed this shift in an interview before his appearance at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a>.
<h1 class="wp-block-heading">Medical Cannabis: The Forgotten Pillar</h1>
Harshbarger emphasized the centrality of medical marijuana in the initial stages of cannabis reform. 
&#8220;One of the things I hold most dear to my heart, and it is part of the ethos of this company, is that cannabis is medicine,&#8221; he stated. However, as recreational cannabis markets expanded, the focus on medical use diminished.
He attributed this shift, in part, to regulatory challenges posed by the FDA regarding health claims surrounding cannabis. But more importantly, he pointed to a growing market demand for casual cannabis consumption, which he believes has driven the industry's current trajectory.
&#8220;Unfortunately, when recreational programs started to take off, part of that strategy meant a reduction in emphasis on the medicinal qualities of cannabis,&#8221; Harshbarger noted. The increased access brought about by recreational markets, he explained, has made it easier for consumers to view cannabis in a more casual light, which in turn has fueled the industry's growth.
<h1 class="wp-block-heading">Balancing Access with Mission</h1>
While the industry has moved toward adult use, Harshbarger remains committed to expanding access for all medical or recreational consumers. &#8220;Our mission in cannabis is simple: access for everyone, in every market,&#8221; he said. He acknowledged that the evolution of the cannabis industry has allowed for greater availability of cannabis products. Still, he expressed concern that this shift has led to losing focus on the medical benefits that initially sparked legalization efforts.
&#8220;In some markets, that is medicinal, but in others, hemp-derived products have shown that when access to cannabis occurs at scale, the benefits are even greater than we could have ever imagined,&#8221; Harshbarger added, underscoring the potential of cannabis across all markets and forms.
<h1 class="wp-block-heading">The Road Ahead</h1>
As cannabis policy continues to evolve, Harshbarger remains hopeful that medical marijuana will regain its prominence in policy discussions. He believes that while adult-use markets are essential for industry growth, the medical cannabis community should not be forgotten. 
For Harshbarger, the future of cannabis lies in balancing both markets, ensuring that all consumers, whether casual or medical, have access to the products they need.
Photo: Courtesy of Roxana Gonzalez on Shutterstock

Events

Cheech And Chong Global Holdings President On Importance Of Medical Marijuana: 'Cannabis Is Medicine'

Roth MKM analyst Bill Kirk reiterates Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy and maintains $298 price target.

Roth MKM Reiterates Buy on Constellation Brands, Maintains $298 Price Target

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares are moving lower on Friday following a report suggesting that the company is exploring the possibility of <a href="https://www.benzinga.com//node/41182466">filing for bankruptcy</a>.
The Details: According to the <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae">Wall Street Journal</a>, Spirit has been in talks with bondholders and creditors regarding support for a Chapter 11 bankruptcy.
This comes after a federal district court judge blocked the company&#8217;s merger with JetBlue back in January. The two airlines have abandoned the potential merger, citing that they likely could not overcome legal and regulatory challenges.
Following the ruling, Spirit has begun shrinking its operations, cutting dozens of routes for November and December. Also, the airline plans to shrink its capacity by almost 20% during the fourth quarter.
Spirit has reported losses in almost every quarter since February 2020, per data from<a href="https://www.benzinga.com/pro/"> Benzinga Pro</a>. For the 2024 fiscal-year second quarter, the company reported an adjusted net loss of $157.9 million.
Is Spirit A Good Stock To Buy?
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/SAVE">Spirit Airlines</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 14.96%, you'll need to buy a share of XAI Octagon FR &amp; Alt Inc by the Oct. 15, 2024. Once done, you can expect to receive a nominal payout of $0.09 on Nov. 1, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/SAVE">Spirit Airlines</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
Related Link: <a href="https://www.benzinga.com/news/24/10/41124443/whats-going-on-with-delta-united-and-spirit-airlines-shares-tuesday">What&#8217;s Going On With Delta, United and Spirit Airlines Shares Tuesday?</a>
SAVE Price Action: At the time of writing, Spirit stock is trading 26.8% lower at $1.63, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Wikimedia Commons

SAVE

What's Going On With Spirit Airlines Stock Friday?

Wells Fargo analyst Ken Gawrelski maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Overweight and lowers the price target from $15 to $14.

SNAP

Wells Fargo Maintains Overweight on Snap, Lowers Price Target to $14

NHS England has proposed a phased rollout of tirzepatide, a promising weight-loss drug, to benefit patients most likely to achieve significant clinical outcomes.
Tirzepatide, branded as Mounjaro and produced by Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), has shown remarkable results in clinical trials. It offers greater weight loss than existing therapies like Novo Nordisk A/S&#8217; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) and Ozempic (semaglutide).
In the SURMOUNT-4 trial, patients lost an average of 20.9% of their body weight in 36 weeks.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41168351/popular-weight-loss-drugs-like-ozempic-show-gap-between-clinical-trial-promises-and-real-world-us" rel="noreferrer noopener">Popular Weight Loss Drugs Like Ozempic Show Gap Between Clinical Trial Promises And Real-World Use, Study Reveals</a>.
The plan, currently under consultation, <a target="_blank" href="https://www.nice.org.uk/news/articles/consultation-on-nhs-england-proposals-for-a-phased-launch-of-obesity-injection" rel="noreferrer noopener">aims</a> to test various medication delivery models before expanding its availability.
Under draft guidance from an independent committee at the National Institute for Health and Care Excellence (NICE), tirzepatide has been recommended for patients living with obesity, with a maximum list price of 122 pounds ($159.6) per month for the highest dose.
The phased launch will integrate tirzepatide into community-based services and digital health platforms to expand accessibility.
The rollout will target up to 240,000 people in the first three years and evaluate cost-effective delivery models, including virtual clinics.
Eligible patients will be categorized based on their BMI and related health conditions. Initially, those with a BMI above 40 and three or more weight-related conditions, such as hypertension and cardiovascular disease, will qualify.
Obesity is a significant challenge for the NHS, with annual treatment costs reaching 11.4 billion pounds ($14.91 billion).
According to the Health Survey for England 2022, about 64% of adults in the country are overweight or obese.
The consultation period for the rollout plan is currently open, with final guidance from NICE expected later this year.
Earlier this week, Eli Lilly announced a&nbsp;$4.5 billion&nbsp;investment to create the Lilly Medicine Foundry, a new center for advanced manufacturing&nbsp;and drug development, as the company inches closer to becoming the first pharma company <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41141028/eli-lilly-invests-4-5b-in-new-medicine-foundry-for-advanced-drug-manufacturing-to-push-us-pharma-" rel="noreferrer noopener">in the $1 trillion club</a>.
Price Action: LLY stock is down 0.23% at $883.56 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/10/41184148/novo-nordiskastrazenecas-manufacturing-partner-thermo-fisher-questioned-over-manufacturing-lapses" target="_blank" rel="noreferrer noopener">Novo Nordisk/AstraZeneca&#8217;s Manufacturing Partner Thermo Fisher Questioned Over Manufacturing Lapses</a>.</li>
</ul>
Photo via Company

Government

Large Cap

Health Care

General

England's NHS Proposes Phased Rollout of Eli Lilly's Mounjaro, Considers Digital Services to Boost Access

JMP Securities analyst Nicholas Jones reiterates Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Market Outperform and maintains $265 price target.

AMZN

JMP Securities Reiterates Market Outperform on Amazon.com, Maintains $265 Price Target

Wells Fargo analyst Ken Gawrelski maintains DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) with a Equal-Weight and raises the price target from $127 to $142.

DASH

Wells Fargo Maintains Equal-Weight on DoorDash, Raises Price Target to $142

TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) shares are trading lower Friday after the company released its September Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining update. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/g41183024/terawulf-announces-september-2024-production-and-operations-update">details from the report.</a>
The Details: TeraWulf mined 176 bitcoin in September, marking an average production rate of approximately 5.9 bitcoin per day. The company&#8217;s operational self-mining capacity remained at approximately 10.0 EH/s, and the average power cost per bitcoin mined was $35,109 in September.
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/10/41169979/whats-going-on-with-nvidia-stock">Nvidia Shares Are Moving Higher: What&#8217;s Happening?</a>
&#8220;During September, TeraWulf mined 176 bitcoin, maintaining an average production rate of approximately 6 bitcoin per day,&#8221; said Sean Farrell, Senior Vice President of Operations at TeraWulf. &#8220;We are currently implementing large-scale PSU replacements and ventilation upgrades in miner building 3, &#8220;MB-3&#8243;, to enhance performance as cooler fall temperatures arrive.&#8221;
What Else: On Thursday, TeraWulf <a href="https://www.benzinga.com/pressreleases/24/10/g41173394/terawulf-monetizes-equity-interests-in-nautilus-joint-venture-to-fuel-expansion-of-hpcai-and-bitco">announced the closing</a> of the sale of its 25% equity interest in the Nautilus facility for a total consideration of approximately $92 million. The company said it plans to reinvest this capital into the construction of the 20 MW CB-1 facility at Lake Mariner.&nbsp;
"This strategic reinvestment strengthens our ongoing initiatives, including the successful completion of our 2 MW &#8216;WULF Den&#8217; proof-of-concept for WULF Compute, designed for high-density GPU workloads. Construction of CB-1, our 20 MW HPC/AI facility at Lake Mariner, is on track, with completion expected in Q1 2025. We&#8217;ve also secured long-lead items for CB-2, a 50 MW AI/HPC facility, to ensure timely completion in early Q2 2025," Farrell said.&nbsp;
<h3 class="wp-block-heading">How To Buy WULF Stock:</h3>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in TeraWulf's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
WULF Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, TeraWulf shares are down 5.20% at $4.45 at the time of publication Friday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a></li>
</ul>
Image: Shutterstock&nbsp;

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

WULF

Bitcoin Miner TeraWulf Releases September Mining Update: Details

Financial giants have made a conspicuous bearish move on Meta Platforms. Our analysis of options history for Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) revealed 44 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 23 were puts, with a value of $1,205,081, and 21 were calls, valued at $2,327,839.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $705.0 for Meta Platforms over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Meta Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Meta Platforms's significant trades, within a strike price range of $300.0 to $705.0, over the past month.
<h3>Meta Platforms Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728051377_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$600.00</td>
<td>$884.6K</td>
<td>5.8K</td>
<td>5.2K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.39</td>
<td>$2.29</td>
<td>$2.36</td>
<td>$590.00</td>
<td>$249.7K</td>
<td>6.8K</td>
<td>4.0K</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.26</td>
<td>$2.19</td>
<td>$2.19</td>
<td>$585.00</td>
<td>$181.4K</td>
<td>506</td>
<td>8.7K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$320.15</td>
<td>$320.1</td>
<td>$320.1</td>
<td>$300.00</td>
<td>$160.0K</td>
<td>258</td>
<td>0</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$2.74</td>
<td>$2.71</td>
<td>$2.74</td>
<td>$585.00</td>
<td>$155.0K</td>
<td>506</td>
<td>14.3K</td>
</tr>
</tbody>
</table>

<h3>About Meta Platforms</h3>
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
After a thorough review of the options trading surrounding Meta Platforms, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Meta Platforms Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,522,731, the price of META is up by 0.31%, reaching $584.58.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 26 days from now.</li>
</ul>
<h3>Expert Opinions on Meta Platforms</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $706.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $652. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Meta Platforms, maintaining a target price of $630. 
&#x2A; An analyst from Rosenblatt has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $811. 
&#x2A; An analyst from Pivotal Research has revised its rating downward to Buy, adjusting the price target to $780. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $660.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Meta Platforms options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Spotlight on Meta Platforms: Analyzing the Surge in Options Activity

Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares are trading higher Friday after the company released its September investor update. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/g41184132/september-2024-monthly-investor-update">details from the report</a>.
The Details:
Iris Energy mined 347 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in September and achieved a 42% increase in revenue to $21.4 million for the month. The increased revenue reflects the company's ramp-up in capacity through September which now stands at 21 EH/s installed. The company expects to reach a capacity of 31 EH/s in the fourth quarter of 2024.&nbsp;
Iris Energy reported electricity costs of $23,000 per Bitcoin, a 21% reduction from the previous month, reflective of the company's improving fleet efficiency.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/10/41169979/whats-going-on-with-nvidia-stock">Nvidia Shares Are Moving Higher: What&#8217;s Happening?</a>
The company said it purchased an additional 1,080 NVIDIA H200 GPUs, bringing its totalGPU fleet to 1,896 GPUs in its AI Cloud Services segment.&nbsp;Iris Energy's stock is up following the September investor update and trading just above its 50-day moving average of $8.03, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating on the stock and maintained a $20 price target on Thursday.
<h3 class="wp-block-heading">Will IREN Stock Go Up? </h3>
When trying to assess whether or not Iris Energy will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $16.5 on Iris Energy. The Street high target is currently at $26 and the Street low target is $9.50. Of all the analysts covering Iris Energy, 16 have positive ratings, no one has neutral ratings and no one has negative ratings.
In the last month, 4 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/IREN/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Iris Energy have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Iris Energy is 15.29% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Iris Energy, visit <a href="https://www.benzinga.com/quote/IREN">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
IREN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Iris Energy shares are up 3.89% at $8.14 at the time of publication Friday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a></li>
</ul>
Image: Shutterstock&nbsp;

IREN

Bitcoin Miner Iris Energy Releases September Update: What To Know

Amid tumultuous seas, ZIM Integrated Shipping Services ($ZIM) has more than weathered a volatile global shipping environment, reaching a 52-week hi...

ZIM Weathered a Volatile Shipping Environment and Sees Its Stock Surge

Brent short positions held by money managers exceed longs for first time on record

ZIM Integrated Shipping surges as Jefferies says well positioned for port strike

Dockworkers go on strike, shutting down ports from Maine to Texas

ZIM Integrated Shipping: Buy The Dip On Strong Near-Term Outlook

The shipping industry shows promise for investors due to global merchandise trade growth, increased U.S. imports, e-commerce expansion, and strong container movement, driving dynamic sector expansion. Given this backdrop, it may be wise to invest in solid shipping stocks like ZIM Integrated Shipping Services (ZIM) and Matson (MATX). Keep reading… The shipping industry is thriving as the global merchandise trade grows, driven by increased consumer spending, stronger supply chains, and innovations in logistics and digital platforms. This recovery offers promising investment opportunities and boosts optimism for future growth, despite some uncertainties in the sector.
Therefore, it could be a smart move to invest in fundamentally strong shipping stocks that are capitalizing on global trade, such as ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>) and Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>).
The World Trade Organization's (WTO) goods barometer rose to 103, signaling a recovery in global merchandise trade above the long-term average. This increase, driven by strong performance in autos, shipping containers, and air freight, suggests a rebound in the third quarter of 2024. Moreover, the WTO forecasts a <a href="https://www.wto.org/english/news_e/news24_e/wtoi_04sep24_e.htm#:~:text=This%20is%20quite%20close%20to,expected%20growth%20in%20other%20regions.">2.6% rise</a> in total goods trade for 2024, reversing last year's decline.
Additionally, rising U.S. imports, the expansion of e-commerce, advancements in seaborne transportation, and robust container movement are driving trade and fueling industry growth. According to Modor Intelligence, the container shipping market is projected to reach $134.03 billion by 2029, with a strong <a href="https://www.mordorintelligence.com/industry-reports/global-container-shipping-market">CAGR of 3.1%</a>, underscoring the sector's dynamic expansion.
Furthermore, relaxed trade policies, innovations, and the demand for cost-effective cargo shipping for large shipments, especially over long distances, are driving up trade in intermediate and manufactured goods while reducing costs. As a result, the cargo shipping market is projected to grow from 11.89 billion tons in 2024 to 14.72 billion tons by 2032, with a <a href="https://www.fortunebusinessinsights.com/cargo-shipping-market-102045">2.7% CAGR</a>.
Given these favorable trends, let's take a closer look at the fundamentals of the two <a href="https://stocknews.com/category/shipping/">Shipping</a> picks, starting with number two.
Stock #2: ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>)
Based in Piraeus, Greece, DAC and its subsidiaries own and operate containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies.
On September 9, 2024, ZIM announced a new long-term operational cooperation with Mediterranean Shipping Company (MSC) for transpacific trade, set to launch six services from Asia to the U.S. East Coast and Gulf starting February 2025.
This partnership aims to enhance service quality and operational efficiency, utilizing larger, eco-friendly vessels as part of ZIM's fleet renewal program.
On July 30, 2024, ZIM announced the grand opening of its new U.S. headquarters in Virginia Beach, VA, on July 30, 2024. The facility, located on "ZIM Way," marks a significant milestone for the company, emphasizing its commitment to growth and innovation.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, ZIM's 17.48% is 167.8% higher than the 6.53% industry average.
During the fiscal second quarter ended June 30, 2024, ZIM's total revenues increased 47.6% year-over-year to $1.93 billion. The company's net income and EPS came in at $373 million and $3.08, compared to a net loss and loss per share of $213 million and $1.79 in the year-ago quarter. Also, the company's adjusted EBITDA rose 187.5% from the year-ago value to $766 million.
Analysts expect ZIM's revenue for the quarter ending September 30, 2024, to increase 88.8% year-over-year to $2.40 billion. ZIM's stock has gained 120.7% over the past six months to close the last trading session at $20.41.
ZIM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #13 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry. It has a B grade for Growth, Value, Momentum, and Quality. To see ZIM's Stability and Sentiment ratings, <a href="https://stocknews.com/stock/ZIM/">click here</a>.
Stock #1: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
Headquartered in Honolulu, Hawaii, MATX and its subsidiaries engage in providing ocean transportation and logistics services. It operates through two segments: Ocean Transportation and Logistics.
In terms of the trailing-12-month net income margin, MATX's 10.41% is 68.9% higher than the 6.16% industry average. Its 7.76% trailing-12-month Capex / Sales is 167.1% higher than the 2.90% industry average. Also, its 12.78% trailing-12-month levered FCF margin is 95.7% higher than the 6.53% industry average.
MATX's total operating revenues for the second quarter ended June 30, 2024, increased 10.1% year-over-year to $847.40 million. The company's operating income rose 28.9% over the prior-year quarter to $124.60 million. In addition, its net income and EPS rose 40.1% and 46.5% from the year-ago values to $113.20 million and $3.31, respectively.
For the quarter ending September 30, 2024, MATX's EPS and revenue are expected to increase 37.2% and 16.9% year-over-year to $4.66 and 967.68 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. MATX's stock has gained 57.9% over the past year to close the trading session at $137.18.
MATX's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Value, Momentum, and Quality. It is ranked #4 in the Shipping industry. To access additional grades of MATX for Growth, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/MATX/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
MATX shares were trading at $136.27 per share on Friday afternoon, down $0.91 (-0.66%). Year-to-date, MATX has gained 25.36%, versus a 20.31% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/matx-zim-why-these-2-shipping-stocks-are-a-smart-buy-for/>Why These 2 Shipping Stocks Are a Smart Buy for 2024?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Why These 2 Shipping Stocks Are a Smart Buy for 2024?

ZIM downgraded to Hold at Jefferies after strong run

Port strike ends as dockworkers said to agree on tentative deal with 62% wage hike

Biggest stock movers Friday: ZIM, SAVE, and more

AMKAF

AMKBF

AMKBY

BDRY

BOAT

BOIL

BWET

CICOF

CICOY

DOCN

DRIP

GUSH

HLAGF

HNRG

HPGLY

KLXE

KOLD

LAAC

MATX

NPNYY

NYUKF

OROVF

OROVY

RIVN

SDST

SMMT

TALO

USOI

WAVE

WFRD

Press Releases

ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023

ZIM to Release First Quarter 2024 Results on Tuesday, May 21, 2024

Fintech

ZIM Reports Financial Results for the First Quarter of 2024; Raising Full Year 2024 Guidance

Dividends

ZIM Updates on Withholding Tax Procedures on June 2024 Cash Dividend

Commodities

CarbonBlue Secures $10M to Expand Groundbreaking CO2 Removal Technology

ZIM to Release Second Quarter 2024 Results on Monday, August 19, 2024

ZIM Reports Financial Results for the Second Quarter of 2024; Raising Full Year 2024 Guidance

ZIM Updates on Withholding Tax Procedures on September 2024 Cash Dividend

ZIM Announces New Operational Cooperation with MSC Covering the Strategic Transpacific Trade

Pickommerce Secures $3.4M Investment to Advance Innovative Robotic Piece-Picking Technology

Capital Clean Energy Carriers Corp. - Common Share

Capital Clean Energy

Costamare Inc. Common Stock $0.0001 par value

Costamare

Castor Maritime

Danaos

Diana Shipping

EuroDry

Euroseas

Globus Maritime

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading

Golden Ocean Group Limited - Common Stock

Golden Ocean Group

Global Ship Lease Inc New Class A Common Shares

Global Ship Lease

Himalaya Shipping

Caravelle International Group - Ordinary Shares

Caravelle Intl Gr

Kirby

Lakeside Holding

Matson

Navios Maritime Partners LP Common Units Representing Limited Partner Interests

Navios Maritime Partners

Pangaea Logistics Solutions Ltd. - Common Stock

Pangaea Logistics Solns

Performance Shipping Inc. - Common Shares

Performance Shipping

Pyxis Tankers

Safe Bulkers, Inc Common Stock ($0.001 par value)

Safe Bulkers

Star Bulk Carriers

Comments

ZIM Integrated Shipping

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에 대한 최신 뉴스 ZIM Integrated Shipping (NYSE:ZIM) 주식

화요일, 8월 20, 2024

월요일, 8월 19, 2024

사람들이 또한 지켜본다

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