Why ZIM Integrated Shipping Services Ltd. (ZIM) Went Up On Tuesday?

We recently published a list of These 10 Companies Led Tuesday’s Charge. In this article, we are going to take a look at where ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands against other companies that led Tuesday’s charge.

Wall Street’s main indices finished mixed on Tuesday, with the Nasdaq as the sole loser, as investors largely brushed off President Donald Trump’s tariff threats in hopes that countries would eventually reach a negotiated settlement.

Additionally, investors cheered signals from the Federal Reserve that a rate interest cut was not imminent, saying it would wait as necessary before implementing any rate adjustments.

The Dow Jones eked out a 0.28 percent gain, while the S&P 500 inched up 0.03 percent. The tech-heavy Nasdaq dropped 0.36 percent.

Ten companies on Tuesday led the charge amid a flurry of positive news sparking buying appetite. This article detailed the reasons behind their performance.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A fleet of vessels docking at a busy harbor, signaling the company’s presence in global marine shipping.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Shares of ZIM Integrated rose for a second day on Tuesday, adding 7.33 percent to its valuation to close at $20.79 apiece as investors seemed to be staying on the sidelines for further news about the ongoing trade tensions globally.

In other news, ZIM recently joined the “Move to -15” coalition, a cross-industry initiative that aims to reduce greenhouse gas emissions in the cold chain sector. By raising the standard temperature of frozen cargo from -18 to -15, the initiative is expected to prevent an estimated 17.7 million metric tons of carbon emissions manually.

“As part of ZIM’s ESG (environmental, social, and governance) commitment, we are advancing sustainable, cutting-edge solutions to lower environmental impact in global shipping,” said ZIM COO David Arbel. “We are proud to join a coalition that will make cold chain logistics eco-friendlier and more cost-effective.”

Overall, ZIM ranks 4th on our list of companies that led Tuesday’s charge. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as ZIM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.