Investors with an interest in Transportation - Shipping stocks have likely encountered both ZIM Integrated Shipping Services (ZIM) and Kirby (KEX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets ...

Shares of ZIM Integrated Shipping Services (ZIM) have been struggling lately and have lost 23.4% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that ma ...

The funds will enable the expansion and deployment of the company's groundbreaking water infrastructureharnessing CDR technology HAIFA, Israel, July 22, 2024 /PRNewswire/ -- Climate-tech startup CarbonBlue has announced the completion of a seed funding round to scale up and deploy its groundbreaking water-based Carbon Dioxide Removal (CDR) technology, bringing the funding raised by the company to $10 million. The completion of this round singles CarbonBlue out as an exceptional innovator in the climate-tech ...

ZIM Integrated Shipping Services (ZIM) closed at $18.30 in the latest trading session, marking a +1.05% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%.The container shipping company's shares have seen a decrease of 3.87% over the last month, not keeping up with the Transportation sector's gain of 3.86% and the S&P 500's gain of 3.82%.Analysts and investors alike will ...

RichVintage We previously covered ZIM Integrated Shipping (NYSE:ZIM) in April 2024, discussing its uncertain prospects in FY2024, with the management's underwhelming guidance pointing to an uncertain dividend payout in the near-term. At the same time, with the Red Sea conflict already triggering elevated freight spot rates - well balancing the container ship company's higher lease obligations and the longer transit through the Cape of Good Hope absorbing part of the capacity over-supply, we did not expe ...

bombermoon Introduction You're now reading my 19th article about ZIM Integrated Shipping Services Ltd. (NYSE:ZIM). Since July 2021, I have consistently been bullish about the company's long-term growth prospects. However, given the cyclical nature of this industry, the last 2 years have been a challenging period for ZIM (particularly with the significant decline from its peak in 2022). Despite this, I kept holding and averaging down on major dips regularly. My 18th article (the previous one), where I up ...

Is this as good as it gets for the ocean shipping company?Shares of Zim Integrated Shipping Services (ZIM -14.66%) have more than doubled so far in 2024, fueled by geopolitical tensions that have caused ocean shipping rates to rebound.At least one analyst believes the rally is running out of steam. Shares of Zim traded down 15% as of 10:30 a.m. ET after Citigroup downgraded the stock to a sell.Is this as good as it gets?Zim is one of the world's 20 largest ocean shipping companies. The stock was caught in t ...

Key PointsZIM Integrated Shipping Services shares are up 128% year-to-date (YTD) as shipping rates have skyrocketed 3X since November 2023.The Shanghai Container Freight Index surged from 993 on November 24, 2023, to 3,044 by May 31, 2024.ZIM turned profitable in Q1 2024 and raised guidance as freight rates doubled during the quarter, causing a buy the news rather than sell the news reaction in the stock accelerated by the 17% short interest.5 stocks we like better than ZIM Integrated Shipping ServicesGloba ...

Felipe Dupouy/DigitalVision via Getty Images ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is seeing a robust profit upswing for its container shipping business and the company announced that it will pay a dividend for the first quarter as well. A recovery in freight rates as well as a volume recovery has led to ZIM Integrated Shipping Services returning to a positive profit trajectory, which could pave the way for many more dividends to come. I think that ZIM Integrated Shipping is poised for a sust ...

HAIFA, Israel, May 28, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company"), a global container liner shipping company, hereby updates that in connection with the dividend distribution expected to take place on June 11, 2024, as previously announced by the Company on May 21, 2024 (the "Dividend"), it had obtained an extension of its previously obtained tax ruling from the Israeli Tax Authority, or ITA, with respect to the tax withholding procedures relating to the ...