News & Events zu ZIM Integrated Shipping Services Ltd (ZIM)ZIMZIM Integrated Shipping Services Ltd

U.S. Economic Growth Accelerates to 3.4%

The major averages were broadly lower near noon as investors digest results from Alphabet and Microsoft. Hyperscaler peer Amazon joins the parade with its own earnings report due after the bell.U.S. economic growth accelerated to a 3.4% annualized rate in the third quarter, up from 2.2% in the second quarter and above economists' 3.1% forecast. The stronger-than-expected reading points to resilient consumer demand and business investment, including continued spending on AI infrastructure. However, September's personal consumption expenditures price index rose 3.6% year over year, up from 3.4% in August, keeping inflation well above the Fed's 2% target.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetreported lower-than-expected Q3 results, though the company reported year-over-year increases in Q3 advertising revenue and Cloud revenueMicrosoftreported upbeat Q1 results and provided guidance for Q2 and FY26DoorDashagreed to acquire Instacartfor $65 per shareMarvellis in advanced talks to acquire Lumentum, Bloomberg reportsEli Lillyreported Q3 results and cut its guidance for FY26, while Merckreported Q3 results and raised its outlook for FY262. WALL STREET CALLS:Alphabetdowngraded to Market Perform from Outperform at CitizensPayPaldowngraded to Underweight at BarclayseBayupgraded to Equal Weight at Wells FargoPDD Holdingsupgraded to Buy at Deutsche BankSprouts Farmers Marketdouble downgraded to Underperform at BofA3. AROUND THE WEB:Onsemiis in talks to acquire 16-year-old chip startup Ferric for about $1B, The Information saysThe seven billionaire co-founders of Anthropicare set to gain collective control over the company following its listing, FT reportsTPGis in discussion with Elliott Management to acquire Ark Data Centers for around $5B, FT reportsA Greek-owned container ship operated by ZIM Integratedwas sunk in the Black Sea by unmanned drone vessels after sailing from Haifa, Globes saysDeutsche Telekom'splans to combine with its American arm T-Mobile UShave hit a snag and the German telecommunications giant has opted against submitting a formal bid for the time being, Bloomberg reports4. MOVERS:ADTgains after announcing it will be acquired by Thrive Holdings for $10 per share in cashGlaukosincreases after reporting Q3 results and providing guidance for FY26 and FY27Porch Groupand Teladochigher after reporting quarterly resultsIovancelower after reporting updated results from its Phase 2 IOV-LUN-202 trial for lifileucelServiceNowfalls after reporting Q3 results and providing guidance for Q4 and FY265. EARNINGS/GUIDANCE:Bristol Myersreported Q3 results and cut its outlook for FY26Crocsreported Q3 results and raised its outlook for FY26, with CEO Andrew Rees calling it a "strong" quarterHarley-Davidsonreported Q3 results and raised its operating income guidance for FY26Baxterreported Q3 results and narrowed its outlook for FY26, with CEO Andrew Hider noting the company "delivered a strong third quarter"Caterpillarreported Q3 results and backed its guidance for FY26, with the company saying results are "tracking toward another record year"INDEXES:Near midday, the Dow was down 158.53, or 0.30%, to 52,316.57, the Nasdaq was down 290.35, or 1.09%, to 26,259.50, and the S&P 500 was down 18.41, or 0.24%, to 7,725.57.

Nasdaq and S&P 500 Hit Record Highs

Retreat in Oil prices and Treasury yields helped support investor sentiment, sending Nasdaq Composite and the S&P 500 to record highs.  Utilities was the best performing sector in the index, with traders piling into the beaten down but high-yielding space, betting that the bid in the Treasury market could be sustainable.  Consumer Cyclicals - still the worst S&P sector this year - also performed well, with outsized gains of about 3% among discount chains Dollar Treeand Dollar General.  Tech was mixed, with losses in semiconductor equipment offset by gains in communication equipment stocks. In software, cybersecurity names were especially impressive as Palo Alto Networks, CrowdStrike, and Fortinetall notched all-time highs.In the opening hour of the evening session, S&P e-minis and Nasdaq 100 contracts are up a decimal.  In commodities, WTI Crude Oil had fallen to a one-month low around $87 per barrel on easing supply concerns, though November contract is back around $90 on Tuesday evening.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Neogenup 10.0%Penguin Solutionsup 5.4%ALSO HIGHER -Pluriup 6.1% after equity offeringZIM Integrated Shipping Servicesup 4.3% after positive FY26 pre-announcementDOWN AFTER EARNINGS -Constellation Brandsdown 4.6%Worthington Steeldown 3.7%ALSO LOWER -Caribou Biosciencesdown 35.3% after  announcing it would discontinue development activities, explore alternativesFair Isaacdown 0.8% after announcing staff cutsSpaceXdown 1.0% after FT report that the company seeks to raise $40B to purchase Nvidia, up 0.5%) chips

ZIM Raises FY26 EBITDA Guidance to $2.7B-$3.0B

ZIM Integrated Shipping Services raised its guidance for the year ending December 31 reflecting continued strong market demand and favorable momentum in freight rates. ZIM now expects to generate Adjusted EBITDA of between $2.7B-$3.0B and Adjusted EBIT of between $1.4B-$1.7B for the FY26, compared with its previous guidance of Adjusted EBITDA between $2.0B-$2.4B and Adjusted EBIT between $700M-$1.1B. The midpoint of the updated FY26 guidance represents an increase of 30% in Adjusted EBITDA and 72% in Adjusted EBIT compared with previous guidance provided on August 19.