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ZIM News
ZIM Events
Major Averages Rise as Bond Yields Slip
The major averages were broadly higher near noon as bond yields slipped after the U.S. Treasury Department announced an increased buyback operation for longer-term debt. Investors are also eyeing stabilization following recent declines led by a sharp selloff in technology and semiconductor names.The Federal Reserve's July meeting minutes are the day's main catalyst, due at 2 p.m. ET. Investors will be looking for clues about the debate within the FOMC after the central bank held rates at 3.5%-3.75% in July. The minutes could be particularly important following the weak July employment report and relatively contained inflation data, which have reduced probabilities for a more hawkish September policy tilt, although rising oil prices and longer-term Treasury yields complicate the outlook.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Targetprovided areport for Q2TJXreportedand provided a conservative outlook for Q3 and FY27 earningsLowe'sreportedand narrowed its FY26 guidanceLa-Z-Boyreportedand provided a conservative revenue guide for Q2OpenAI's revenue rose 18% from Q1 to Q2 but its losses deepened and operating margin sank further into the red,2. WALL STREET CALLS:William BlairModernato Outperform from Market PerformMorgan StanleyBaiduto Underweight on ramping AI investmentsNorthlandCienaon larger than expected marketJPMorganKlarnato Neutral on lack of visibility into medium-term trendsRBC Capitalcoverage of McKessonwith a Sector Perform rating and $845 price target3. AROUND THE WEB:Novo Nordiskis testing lower doses of oral Wegovy to identify the minimum effective dose, Reuters reportsMicrosoftAI CMO Andrea Mallard is stepping back from her role about six months after joining the AI unit, Business Insider saysSamsunghas raised the prices for some advanced contract chipmaking services by up to 15% due to strong demand, Reuters reportsGooglehas told suppliers it plans to move all Pixel phone, smartwatch, and wireless earbud manufacturing out of China in 2027 amid U.S.-China tensions, Nikkei Asia saysNokiawill close almost all its sites in mainland China by year end, South China Morning Post reports4. MOVERS:Modernagains after its Phase 3 INTerpath-001 trial with MerckEstee Lauderincreases afterand providing guidance for FY27Pilgrim's Pridehigher after JBSproposed toof the companyWhifeFiberfalls after announcing the pricing of itsBlackblazelower after announcing a5. EARNINGS/GUIDANCE:Datavaultand reaffirmed its guidance for FY26Mercury Systems (MRCY) reportedOpera, provided its outlook for Q3, and announced guidance for FY26ZIM Integrated, with EPS and revenue lower year-over-yearFull Truck Alliance, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was up 167.83, or 0.31%, to 53,511.23, the Nasdaq was up 78.81, or 0.30%, to 26,368.52, and the S&P 500 was up 31.51, or 0.41%, to 7,723.27.
ZIM Reports Q2 Revenue of $1.781B
Reports Q2 revenue $1.781B vs. $1.636B last year. Chen Lichtenstein, ZIM President & CEO, stated, "Since assuming my role in July, my focus has been clear: to capitalize fully on current market opportunities while deploying the Company's resources with discipline and efficiency. We remain committed to preserving the agility that allows us to respond quickly to changing market conditions, strengthening our competitiveness, and creating sustainable value."
Company Plans to Distribute Dividends Based on FY26 Guidance
Based on its current FY26 guidance, the Company expects to distribute dividends to shareholders on account of 2026 results in accordance with its existing dividend policy. All future dividends are subject to the discretion of the Company's Board of Directors, the restrictions provided by Israeli law and the applicable restrictions set forth in the merger agreement with Hapag-Lloyd.
Major Averages Open Higher as Chip Stocks Rebound
The major averages finished higher to start the week as markets returned from the holiday weekend with a constructive tone and chip stocks rebounded from recent weakness.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixwill offer 17.79M common sharesLockheed MartinUltra Maritime Solutions for $3.45BBroadcomwilla range of custom ASIC silicon products for AppleSolstice Advanced MaterialsElement Solutionsin a cash and stock deal valued at $14.5BComcast'sSkyITV Media in a deal valued at up to GBP 1.6B2. WALL STREET CALLS:BofAT-Mobileto BuyScotiabankfive cybersecurity names, citing growth potential stemming from AIGileadto Buy at HSBCBernsteinDatadogto Market PerformJetBlueto Underperform at Raymond James3. AROUND THE WEB:Energy Transferwon a $392M judgement in Texas over a failed attempt by San Antonio's city-owned utility CPS Energy to challenge the company over gas prices during the February 2021 Winter Storm Uri, Bloomberg reportsSuppliers plan to ship less than 1M iPhonefold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays, TF International analyst Ming-Chi Kuo said in a blog postCriteohas attracted a takeover offer backed by Vista Equity, Bloomberg saysDuring Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIMwith the government, Israel Hayom saysMicrosoftis eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff, CNBC reports4. MOVERS:TeraWulfincreases after announcing aIrengains in New York after Freedom Capitalthe stock to BuyDellhigher after President Trump said toKohl'slower after Morgan Stanleycoverage of the stock with an Underweight ratingEHangfalls in New York after JPMorganthe stock to Underweight5. EARNINGS/GUIDANCE:Clarivatebacked itsOndasprovidedInnovate EyewearreportedPepsiCotoon July 9Delta Air Linestoon July 10INDEXES:The Dow rose 155.84, or 0.29%, to 53,055.91, the Nasdaq gained 288.49, or 1.12%, to 26,121.16, and the S&P 500 advanced 54.19, or 0.72%, to 7,537.43.
Chip Stocks Rebound Boosts Major Averages
The major averages were higher to start the week as chip stocks rebound after recent weakness. Markets are returning from the holiday weekend with a constructive tone, as investors look to extend last week's rally.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixwill offer 17.79M common sharesLockheed MartinUltra Maritime Solutions for $3.45BBroadcomwilla range of custom ASIC silicon products for AppleSolstice Advanced Materialswill acquire Element Solutionsin avalued at $14.5BComcast'sSkyITV Media in a deal valued at up to GBP 1.6B2. WALL STREET CALLS:BofAT-Mobileto BuyScotiabankfive cybersecurity names, citing growth potential stemming from AIGileadto Buy at HSBCBernsteinDatadogto Market PerformJetBlueto Underperform at Raymond James3. AROUND THE WEB:Suppliers plan to ship less than 1M iPhonefold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays, TF International analyst Ming-Chi Kuo said in a blog postBoeingintends to start operating a fourth 737 MAX assembly line at its Everett, Washington factory on Monday, Reuters saysNvidiahas named Anna Soellner, Reddit'sformer vice president of communications, as head of corporate communications, Axios reportsDuring Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIMwith the government, Israel Hayom saysMicrosoftis eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff, CNBC reports4. MOVERS:TeraWulfincreases after announcing awith AnthropicIrengains in New York after Freedom Capitalthe stock to BuyDellhigher afterto "go out and buy a Dell"Kohl'slower after Morgan Stanleyof the stock with an Underweight ratingEHangfalls in New York after JPMorganthe stock to Underweight5. EARNINGS/GUIDANCE:Clarivatefor FY26OndasInnovate EyewearPepsiCoon July 9Delta Air Lineson July 10INDEXES:Near 1:20 pm ET, the Dow was up 0.09%, or 45.72, to 52,945.79, the Nasdaq was up 1.31%, or 337.58, to 26,170.26, and the S&P 500 was up 0.75%, or 56.47, to 7,539.71.
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