Guidance for 2024 suggests no quick turnaround for this shipping company.
With shipping stocks in focus amid geopolitically motivated Red Sea diversions, outperforming ZIM stock just scored an upgrade to "Buy" at Jefferies.
The reality of geopolitical turmoil sets in after a strong January showing.
Zim Integrated Shipping Services is paying higher rates for shipping due to the attacks in the Red Sea.
Disruptions to global shipping should be a big plus for this stock.
Wall Street says "the script has flipped" for this global shipping company.
Morning Markets March E-Mini S&P 500 futures (ESH24 ) are down -0.03%, and March Nasdaq 100 E-Mini futures (NQH24 ) are up +0.07%. Stock index futures this morning are little changed after mixed corporate...
March S&P 500 E-Mini futures (ESH24) are down -0.04%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.11% this morning as market participants braced for the Federal Reserve’s first monetary policy...
ZIM Integrated Shipping's stock price has soared since I recommended it as a buy.
ZIM stock is rocketing higher as disruptions in the Red Sea are increasing shipping rates.