ZIM Integrated Shipping Bolsa (NYSE: ZIM)

Últimas noticias sobre ZIM Integrated Shipping (NYSE:ZIM) Bolsa

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.

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este lunes: EL, ZIM, ABIO, FN y PANW.

5 acciones en el foco este lunes: EL, ZIM, ABIO, FN y PANW

ZIM Integrated Shipping Services Ltd. Ordinary Shares

ZIM Integrated Shipping Services Ltd

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ZimVie Inc

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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

<a href="https://www.bloomberg.com/news/articles/2024-10-01/apple-readies-iphone-se-4-upgraded-ipad-air-for-early-2025?srnd=undefined">https://www.bloomberg.com/news/articles/2024-10-01/apple-readies-iphone-se-4-upgraded-ipad-air-for-early-2025?srnd=undefined</a>
&nbsp;
Apple Inc., fresh off the release of the iPhone 16, is preparing to announce a new low-end phone early next year alongside upgraded iPads.&nbsp;

AAPL

'Apple Readies New iPhone SE, Upgraded iPad Air for Early Next Year' - Bloomberg

Financial giants have made a conspicuous bearish move on Valero Energy. Our analysis of options history for Valero Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $75,500, and 6 were calls, valued at $204,499.
<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 $110.0 to $150.0 for Valero Energy over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Valero Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Valero Energy's whale trades within a strike price range from $110.0 to $150.0 in the last 30 days. 
<h3>Valero Energy Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727811069_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$2.91</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$138.00</td>
<td>$45.5K</td>
<td>108</td>
<td style="text-align: right;">645</td>
</tr>
<tr>
<td>VLO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.35</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$137.00</td>
<td>$43.0K</td>
<td>159</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>VLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$137.00</td>
<td>$37.0K</td>
<td>171</td>
<td style="text-align: right;">243</td>
</tr>
<tr>
<td>VLO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.75</td>
<td>$3.6</td>
<td>$3.62</td>
<td>$150.00</td>
<td>$36.2K</td>
<td>30.3K</td>
<td style="text-align: right;">115</td>
</tr>
<tr>
<td>VLO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$135.00</td>
<td>$32.5K</td>
<td>1.3K</td>
<td style="text-align: right;">107</td>
</tr>
</tbody>
</table>

<h3>About Valero Energy</h3>
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has the capacity to produce 1.2 billion gallons per year of renewable diesel.
In light of the recent options history for Valero Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Valero Energy</h3>
<ul>
<li>With a volume of 2,116,758, the price of VLO is up 1.61% at $137.21. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 23 days.</li>
</ul>
<h3>What Analysts Are Saying About Valero Energy</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $149.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Piper Sandler downgraded its rating to Neutral, setting a price target of $123. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Valero Energy, maintaining a target price of $172. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Valero Energy with a target price of $171. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Valero Energy, targeting a price of $131. 
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 Valero Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At Valero Energy's Recent Unusual Options Activity

Financial giants have made a conspicuous bullish move on Apple. Our analysis of options history for Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) revealed 187 unusual trades.
Delving into the details, we found 48% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 96 were puts, with a value of $5,898,254, and 91 were calls, valued at $5,839,083.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $250.0 for Apple during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Apple's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Apple's whale activity within a strike price range from $115.0 to $250.0 in the last 30 days. 
<h3>Apple Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727811064_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.38</td>
<td>$2.33</td>
<td>$2.38</td>
<td>$225.00</td>
<td>$177.5K</td>
<td>5.8K</td>
<td>28.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$12.95</td>
<td>$12.9</td>
<td>$12.9</td>
<td>$230.00</td>
<td>$149.6K</td>
<td>1.4K</td>
<td>950</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$4.65</td>
<td>$4.55</td>
<td>$4.6</td>
<td>$225.00</td>
<td>$135.2K</td>
<td>24.1K</td>
<td>6.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$2.62</td>
<td>$2.62</td>
<td>$2.62</td>
<td>$225.00</td>
<td>$131.0K</td>
<td>16.5K</td>
<td>49.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.5</td>
<td>$6.4</td>
<td>$6.42</td>
<td>$240.00</td>
<td>$128.4K</td>
<td>35.3K</td>
<td>2.3K</td>
</tr>
</tbody>
</table>

<h3>About Apple</h3>
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
After a thorough review of the options trading surrounding Apple, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Apple</h3>
<ul>
<li>Currently trading with a volume of 42,737,800, the AAPL's price is down by -3.1%, now at $225.77. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 30 days.</li>
</ul>
<h3>What Analysts Are Saying About Apple</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $247.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS persists with their Neutral rating on Apple, maintaining a target price of $236. 
&#x2A; An analyst from Needham downgraded its action to Buy with a price target of $260. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Apple, targeting a price of $256. 
&#x2A; An analyst from Needham downgraded its action to Buy with a price target of $260. 
&#x2A; An analyst from New Street Research downgraded its action to Neutral with a price target of $225. 
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 Apple options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Decoding Apple's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TTD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Trade Desk.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $129,479, and 4 are calls, for a total amount of $139,365.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $82.5 to $120.0 for Trade Desk over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Trade Desk stands at 465.71, with a total volume reaching 699.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Trade Desk, situated within the strike price corridor from $82.5 to $120.0, throughout the last 30 days.
<h3>Trade Desk Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727811058_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$13.6</td>
<td>$13.2</td>
<td>$13.2</td>
<td>$120.00</td>
<td>$55.4K</td>
<td>329</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$8.6</td>
<td>$8.45</td>
<td>$8.53</td>
<td>$110.00</td>
<td>$38.3K</td>
<td>613</td>
<td style="text-align: right;">118</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$7.45</td>
<td>$7.3</td>
<td>$7.45</td>
<td>$85.00</td>
<td>$34.2K</td>
<td>15</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$13.5</td>
<td>$13.25</td>
<td>$13.25</td>
<td>$120.00</td>
<td>$33.1K</td>
<td>329</td>
<td style="text-align: right;">35</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.86</td>
<td>$1.84</td>
<td>$1.84</td>
<td>$105.00</td>
<td>$30.3K</td>
<td>1.0K</td>
<td style="text-align: right;">373</td>
</tr>
</tbody>
</table>

<h3>About Trade Desk</h3>
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
<h3>Where Is Trade Desk Standing Right Now?</h3>
<ul>
<li>With a volume of 1,375,040, the price of TTD is down -0.34% at $109.28. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>What The Experts Say On Trade Desk</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $115.0.
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; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $110. 
&#x2A; An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $135. 
&#x2A; An analyst from MoffettNathanson downgraded its action to Neutral with a price target of $100. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $115. 
&#x2A; Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Trade Desk, targeting a price of $115. 
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 Trade Desk options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Trade Desk Options Trading: A Deep Dive into Market Sentiment

WIIM

PRZO

PanZero Technologies shares are trading higher after the company announced it secured a new order for its advanced counter-drone system from global defense and intelligence OEM amid growing demand for C-UAS solutions.

Wells Fargo analyst Timur Braziler maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Overweight and raises the price target from $95 to $97.

Price Target

Analyst Ratings

EWBC

Wells Fargo Maintains Overweight on East West Bancorp, Raises Price Target to $97

Macro Notification

General

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Israeli Military Following Iran's Attack Says 'We Will Choose When To Prove Our Precise And Surprising Attack Capabilities'

Wells Fargo analyst Timur Braziler maintains First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) with a Equal-Weight and raises the price target from $20 to $22.

Wells Fargo Maintains Equal-Weight on First BanCorp, Raises Price Target to $22

Semiconductor chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) noted investor selloff since Friday after gaining from Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) upbeat quarterly print and U.S. Fed rate cut to boost demand.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron, Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are trading lower Tuesday. Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) are down over 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a>
The street remains jittery over <a target="_blank" href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" rel="noreferrer noopener">artificial intelligence prospects</a> as analysts flagged Nvidia&#8217;s dependence on four customers, which are also developing in-house chips, and its delays in product releases.
Though China urges its companies to adopt domestic AI chipmakers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">advanced technology semiconductor manufacturing</a> by at least a decade. Taiwan Semiconductor is a crucial supplier for Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The U.S. Chips Act played a crucial role in helping America develop its semiconductor base by offering <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">subsidies to chipmakers</a> to boost artificial intelligence chip production in the country.
The semiconductor sector could see another tailwind if the Biden administration inks a bill to fastrack the specific semiconductor manufacturing projects that receive subsidies through the Chips Act by diluting the federal environmental scrutinies.
The legislation would exempt qualifying chip projects from reviews under the National Environmental Policy Act, the New York Times <a href="https://www.nytimes.com/2024/10/01/us/politics/biden-semiconductor-environmental-review.html" target="_blank" rel="noreferrer noopener">reports</a>.
Struggling chipmaker Intel recently got a boost from <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">$3 billion in direct funding</a> under the Chips Act in addition to the $8.5 billion in grants and $11 billion in loans that the company previously won under the act.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41124123/micron-set-for-profit-surge-with-high-margin-products-and-ai-driven-market-expansio" target="_blank" rel="noreferrer noopener">Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Tech

Media

AVGO

INTC

MRVL

NVDA

QCOM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock&#39;s price, do they really matter?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Archrock Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Archrock Inc. currently has an average brokerage recommendation of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy.
Of the six recommendations that derive the current ABR, four are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 66.7% and 33.3% of all recommendations.
<h2>Brokerage Recommendation Trends for AROC</h2>
<img alt="Broker Rating Breakdown Chart for AROC" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/AROC_10012024.png" style="width:100%" title="" /> 
The ABR suggests buying Archrock Inc., but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock&#39;s near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
<h2>Zacks Rank Should Not Be Confused With ABR</h2>
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company&#39;s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
<h2>Is AROC a Good Investment?</h2>
In terms of earnings estimate revisions for Archrock Inc., the Zacks Consensus Estimate for the current year has increased 3.4% over the past month to $1.04.
Analysts&#39; growing optimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Archrock Inc.
Therefore, the Buy-equivalent ABR for Archrock Inc. may serve as a useful guide for investors.
<a href="https://www.zacks.com/stock/news/2343974/wall-street-analysts-think-archrock-inc-aroc-is-a-good-investment-is-it?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2343974">To read this article on Zacks.com click here.</a>

Mid Cap

AROC

Wall Street Analysts Think Archrock Inc. Is a Good Investment: Is It?

LBPH

Shares Of Longboard Pharmaceuticals See Volume; Hearing Traders Circulating Mentions Of Co. On M&A Blog

BCTX

BriaCell Therapeutics shares are trading lower after the company announced a $5.13 million offering of shares and warrants priced at $0.975 per unit.

Wells Fargo analyst Timur Braziler maintains First Hawaiian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>) with a Underweight and lowers the price target from $22 to $20.

Wells Fargo Maintains Underweight on First Hawaiian, Lowers Price Target to $20

Wells Fargo analyst Timur Braziler maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Equal-Weight and raises the price target from $85 to $92.

Wells Fargo Maintains Equal-Weight on Western Alliance, Raises Price Target to $92

Interest rates determine the risk and reward perceptions of virtually all asset classes in the financial market. The benchmark for return is&mdash;and has always been&mdash;the United States ten-year treasury bond yield, so when bond yields are high, investors tend to avoid higher-risk assets like stocks, as the risk is not worth it compared to bond yields.
Now that the Federal Reserve (the Fed) has lowered interest rates by the most since 2007, investors may think that lower returns could be ahead, especially now that the S&amp;P 500 has priced in most&mdash;if not all&mdash;of the potential effects these interest rate cuts have on the economy. Understanding that new money will shift into different market areas is key. Still, it all begins with knowing what interest rates will do in the coming quarters.
Sectors that typically have higher debts on their balance sheets are poised to benefit from lower interest rates. Lower interest expenses on that debt would drive up net income and earnings per share (EPS). For this reason, investors can find higher returns in sectors like consumer discretionary and the real estate sector.
<h2>Top Consumer Discretionary Stocks Poised for Higher Growth Ahead</h2>
This is one sector that could benefit from a double tailwind as interest rates work their way through the economy. Still, not all consumer discretionary stocks are made equal. This is going to be the case, especially for those with a smaller market capitalization and higher debt.
<h3>Analysts Expect Abercrombie&#39;s EPS to Jump 14.5% by 2025</h3>
Fitting this list, investors can see stocks like Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>), with its $7.3 billion market capitalization today, carrying over 73% debt to equity on its balance sheet. This makes the company a prime target for an EPS expansion name, as lower interest rates help both consumer trends and lower interest expenses.
Wall Street knows this is the case, as analysts at Jefferies Financial Group see up to $220 as a price target for the company, calling for a net upside of 53.3% from where the stock trades today. More than that, Wall Street analysts expect to see EPS of $2.86 for the end of 2025, a jump of 14.5% from today&#39;s EPS of $2.5 in Abercrombie &amp; Fitch.
This growth in EPS and the higher valuation are driven by both the company&#39;s small size and the potential earnings expansion that can come from lowering interest expenses to push EPS higher to a point where current forecasts might be on the conservative side.
<h3>Chewy&#39;s Debt and Size Make It a Prime Target for Future Gains</h3>
Another name that is worth mentioning for a potential buy in this trend is Chewy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chwy#NYSE">CHWY</a>) as a part of the consumer discretionary space with a healthy mix of consumer staples in the way that pet owners will always have room in their budgets to take care of their pets&#39; needs.
Because the company is only $12.6 billion in size and carries over 100% in debt compared to equity, it makes for a nearly perfect buy target in the coming quarters. This is why analysts at Piper Sandler see a price target on the stock of up to $35 a share, calling for a net upside potential of 16.3% from where it trades today.
More than that, bearish traders decided to trim their views on Chewy stock, as the short interest has declined by 2% over the past month alone to show capitulation from the bearish side of the market and opening room for bulls to take their places instead.
Among these bulls were Truist Financial and B. Riley Wealth Advisors, who boosted their holdings in Chewy stock by 39.3% and 74% as of August 2024. This would bring their net investments up to $2.5 million and $565,000 today.
<h2>Real Estate Stocks Poised for Growth Ahead of the Market</h2>
<h3>Healthpeak&#39;s Dividend and Growth Potential Make It a Standout REIT</h3>
Real estate stocks fit this same category. Because they need to acquire property and boost rental income, stocks like&nbsp;Healthpeak Properties Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/doc#NYSE">DOC</a>) shine. This $15.9 billion real estate investment trust (REIT) operates in the healthcare sector, an underrated growth source in the U.S. economy.
Wall Street analysts know that lower interest rates can help this company acquire more property and boost its bottom-line earnings, so Evercore decided to raise its price target to $26 a share for Healthpeak Properties. To prove these targets right, the stock must rally by as much as 15% from where it trades today.
Wall Street&#39;s earnings per share (EPS) forecasts are set at $0.44 a share for the next 12 months, up from today&#39;s $0.21 a share for a net 109.5% growth rate. This comes on top of one of the main benefits of investing in REITs: the dividend payout.
Healthpeak Properties offers a $1.2 payout for an annualized dividend yield of up to 5.3% to beat inflation and cushion any volatility that lower rates might bring into the market.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/lower-rates-higher-returns-key-stocks-to-watch-now/">Lower Rates, Higher Returns: Key Stocks to Watch Now</a>&quot; first appeared on MarketBeat.

Large Cap

REIT

Dividends

Real Estate

CHWY

Lower Rates, Higher Returns: Key Stocks to Watch Now

Phoenix Motor Says Determined The "Proterra Financial Statements" Is Incorrect

Cryptocurrency markets are trading lower amid escalating tensions in the Middle East.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$61,888.86&nbsp;&nbsp;</td>
<td>&nbsp;-2.5%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,498.87&nbsp;&nbsp;</td>
<td>&nbsp;-3.5%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$147.33&nbsp;&nbsp;</td>
<td>&nbsp;-5%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.1074&nbsp;&nbsp;</td>
<td>&nbsp;-9%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001633</td>
<td>-8.3%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increased by around 99% and daily active addresses rose by 7.1%. Transactions greater than $100,000 are up from 5,655 to  9,193 in a single day. Exchanges netflows are down by 1,521.2%.</li>
<li>Coinglass data reports 159,405 traders were liquidated in the past 24 hours for $482.24 million, with crypto long liquidations of $361.8 million at the highest since Aug. 5. Bitcoin long liquidations of $90.7 million are at the highest level since Aug. 5.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41125099/ripple-receives-dubai-approval-for-blockchain-payment-services">Ripple Receives Dubai Approval For Blockchain Payment Services</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122002/playbux-ceo-envisions-web3-future-where-crypto-is-earned-via-gaming-shopping">Playbux CEO Envisions Web3 Future Where Crypto Is Earned Via Gaming, Shopping</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41120425/arthur-hayes-cites-money-printing-as-key-factor-for-bitcoin-becoming-the-best-performing-a">Arthur Hayes Cites &#8216;Money Printing&#8217; As Key Factor For Bitcoin Becoming The &#8216;Best Performing Asset&#8217; In History</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41111755/robinhood-markets-launches-crypto-transfers-in-europe-enabling-bitcoin-ethereum-and-solana">Robinhood Markets Launches Crypto Transfers In Europe, Enabling Bitcoin, Ethereum, And Solana Transactions With 1% Deposit Match For A Limited Time</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41114110/the-dollar-is-weakening-heres-why-that-could-be-good-for-bitcoin-10x-research">The Dollar Is Weakening—Here&#8217;s Why That Could Be Good For Bitcoin: 10x Research</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41109127/asias-microstrategy-metaplanet-grabs-107-additional-bitcoins-to-boost-portfolio-by-nearly-">&#8216;Asia&#8217;s MicroStrategy&#8217; Metaplanet Boosts Portfolio With Fresh Acquisition Of 107 Bitcoins Worth Nearly $7M</a></li>
</ul>
Top Losers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Arweave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AR</a>)</td>
<td>&nbsp;$19.67</td>
<td>&nbsp;-15.7%</td>
</tr>
<tr>
<td>Gala (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GALA</a>)</td>
<td>&nbsp;$0.02032&nbsp;&nbsp;</td>
<td>&nbsp;-13.9%</td>
</tr>
<tr>
<td>Notcoin (CRYPTO: NOT)</td>
<td>&nbsp;$0.007543</td>
<td>&nbsp;-13.3%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices retreating lower to $61,000, crypto trader Cold Blooded Shiller stated that even anything down into the green box represents opportunity for some of the best risk-reward long exposure to six-figure Bitcoin.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Do not forget, in the midset of the red candles that even anything down into the green box represents opportunity for some of the best risk-reward long exposure to 6-figure <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/AcMwgbZrFp">https://t.co/AcMwgbZrFp</a> <a href="https://t.co/IKf4GwQGB1">pic.twitter.com/IKf4GwQGB1</a>
&mdash; Cold Blooded Shiller (@ColdBloodShill) <a href="https://twitter.com/ColdBloodShill/status/1841170691556597971?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1841159390428115314">detailed</a> that Bitcoin has made a higher low and a higher high. He suggests the trend may have shifted from bearish to bullish.
Crypto trader Jelle compared the current Bitcoin price movement to its historical trends. He predicts new legs to start in October, "breaking out in the 2nd or 3rd week of the month."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In the past bull-years, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has taken the summer to recharge, preparing for the next leg higher. All of those new legs higher started in October &#8211; breaking out in the 2nd or 3rd week of the month. I don&#39;t think this year is different. Final shakeout before new highs. <a href="https://t.co/CXEHhebEMU">pic.twitter.com/CXEHhebEMU</a>
&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1841153285580878310?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another crypto trader, IncomeSharks, <a href="https://x.com/IncomeSharks/status/1841173131572232524">believes</a> that if Bitcoin is able to re-test, "we continue back up."
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41119368/what-does-technical-analysis-say-about-bitcoin">What Does Technical Analysis Say About Bitcoin?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$GALA

$SHIB

$SOL

Bitcoin, Ethereum, Dogecoin Begin 'Uptober' Deep In The Red, But Traders See This As The 'Final Shakeout'

Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) is trading lower by 6.2% to $18.50 during Tuesday&#8217;s session amid overall market weakness. Iran earlier launched a <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">missile strike</a> against Israel, following the assassination of Hezbollah leader Hassan Nasrallah.
The attack, which saw between 100 to 200 missiles fired, marked a new escalation in regional tensions, with fears mounting over a broader conflict. In response, the United States bolstered its military presence, signaling the potential for further retaliatory action.
The sudden rise in conflict and uncertainty has rattled global markets, driving up safe-haven assets like gold and oil, while riskier assets such as cryptocurrencies took a hit.
Read Also: <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene Devastation: The Latest On Damage, Companies Affected</a>
What To Know: Cryptocurrencies, including Ethereum Classic, often see heightened volatility during periods of geopolitical unrest. As a smaller and more niche asset compared to Bitcoin or Ethereum, Ethereum Classic tends to be more vulnerable to sharp price movements during uncertain times. 
The growing conflict between Iran and Israel, with the involvement of the United States, has triggered widespread market anxiety. Investors, concerned about the potential impact on the global economy and energy markets, are fleeing riskier assets like ETC in favor of traditional safe-havens.
What Else: While Ethereum Classic has its own dedicated user base and unique blockchain infrastructure, it remains highly correlated with the broader cryptocurrency market. As political instability drives fear across global markets, investors are pulling back from cryptocurrencies as a whole.
Additionally, regulatory uncertainty around cryptocurrencies in regions like the U.S. and Europe, combined with the instability in the Middle East, is causing further trepidation among investors. 
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies">East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies</a>

$ETC

Why Ethereum Classic Is Falling

The United Kingdom could generate between $4.38 billion and $12.6 billion annually in tax revenue by legalizing and regulating cannabis for adult use, according to a new <a href="https://clearmembers-uk.org/wp-content/uploads/2024/09/CLEAR-plan-V3.pdf">report</a> by CLEAR, a cannabis reform advocacy group. The paper lays out a detailed framework for the UK&#8217;s potential cannabis industry, from cultivation to retail.
The report proposes establishing a cannabis inspectorate to oversee commercial cultivation, importation, distribution and taxation. The aim is to create a regulated market similar to <a href="https://www.benzinga.com/general/biotech/24/05/39076458/canadian-cannabis-market-trends-sales-increase-as-youth-impact-study-unfolds">Canada&#8217;s</a>, where after six years, over 70% of all cannabis sales occur through legal channels.
<h3 class="wp-block-heading">Cannabis Market Could Stabilize Illicit Trade</h3>
The piece highlights how <a href="https://www.benzinga.com/topic/cannabis-regulation">cannabis regulation</a> could help control the UK's illicit cannabis market, currently valued between £2.9 billion ($3.84B) and £8.8 billion ($11.67B) per year. By implementing a £1-per-gram cannabis tax ($1.33 dollars), the Treasury could gain substantial revenue while avoiding the pitfalls of over-taxation seen in states like <a href="https://www.benzinga.com/markets/cannabis/24/04/38387994/california-cannabis-industry-is-drowning-in-debt-732m-owed-in-taxes-72-by-companies-already-clos">California</a>, where the illicit market <a href="https://www.benzinga.com/markets/cannabis/24/06/39188435/californias-cartel-cannabis-flourishes-in-national-parks-weed-grown-on-public-lands-accounts-for">continues to thrive</a> despite legalization.
"There isn't really any coherent argument against regulating cannabis," Peter Reynolds, president of CLEAR <a href="https://www.leafie.co.uk/news/cannabis-legalisation-worth-9-billion-uk/">told</a> Leafie. "It will reduce crime, violence, street dealing, underage use and help to prevent children from being dragged into gangs." Reynolds expressed frustration over the lack of political will to address cannabis reform. "The real problem is that our politicians don't have the courage even to discuss it."
<h3 class="wp-block-heading">New Approach To Cannabis Cultivation</h3>
CLEAR's proposal outlines a permissive yet structured approach to home cultivation, suggesting adults should be allowed to grow up to three indoor cannabis plants, plus three more under natural light, or a total of six plants outdoors. The plan also proposes a separate space for cuttings and seedlings. Unlike other countries with more restrictive cultivation laws, the UK could lead in allowing more personal freedom for home growers.
Reynolds further emphasized the economic benefits of legalizing cannabis. "Our proposals are business-friendly," he said. "Get this right, and we can create thousands of new jobs, fight crime and protect children. When will our politicians wake up?"
<h3 class="wp-block-heading">Potential Social And Health Benefits</h3>
Beyond economic gains, regulation could lead to significant public health benefits. The report cites studies showing that <a href="https://www.benzinga.com/markets/cannabis/24/05/38952528/cannabis-legalization-22m-us-teenagers-are-less-interested-in-weed-in-states-where-its-legal-go-">cannabis regulation reduces teen use</a>, lowers alcohol and cigarette consumption and decreases opioid-related deaths. An estimated 1.5 to 2.7 million people in the UK use cannabis monthly, with about 10 million having used it in the past year. Regulation would provide a safer environment for this significant portion of the population. However, the report also cautions against over-taxation.
The California model is often cited as an example of how high tax rates can drive consumers back to illicit markets. Instead, CLEAR points to <a href="https://www.benzinga.com/topic/canada-cannabis">Canada</a> as a model for success, where government regulation has been more effective in curbing illegal sales and maintaining price stability.
Cover image made with AI

Cannabis

Retail Sales

UK Could Net Up To $12.6B Annually From Cannabis Legalization

Wells Fargo analyst Matthew Akers maintains Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) with a Underweight and lowers the price target from $119 to $110.

Wells Fargo Maintains Underweight on Boeing, Lowers Price Target to $110

Wall Street Breakfast Podcast: Gulf, East Coast Port Strike Looms As Talks Stall

ZIM Integrated: The Search For A 1x P/E Stock

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>.
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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?

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