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ZIM

ZIM Integrated Shipping Services Ltd. has announced that it no longer anticipates an improvement in freight rates in the second half of 2023. The company also stated that its Q2 results are broadly in line with its expectations.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:10 am

ZIM

ZIM Integrated Shipping Services Ltd. has revised its 2023 outlook downwards due to continued weakness in freight rates. The company now expects to generate Adjusted EBITDA of $1.2 billion to $1.6 billion and Adjusted EBIT loss of $500 million to $100 million, compared to its prior guidance of Adjusted EBITDA of between $1.8 billion and $2.2 billion and Adjusted positive EBIT of between $100 to $500 million.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:09 am

ANGO

AngioDynamics has projected its FY24 sales to be between $328M-$333M, which is higher than the consensus estimate of $323M. The company also expects its adjusted EPS to be between $0.28-$0.34.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:08 am

AVRO

Trading of Avrobio shares has been halted due to pending news.

Portfolio Pulse from Charles Gross

July 12, 2023 | 10:56 am

UEC

Uranium Energy Corp (NYSE:UEC) has completed the necessary steps for a resumption of operations at the Christensen Ranch in-situ recovery (ISR) Project in Wyoming. This will enable a faster restart of the project.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:56 am

STNG

Scorpio Tankers has reported the sale of an MR product tanker for $32.5M in July 2023. The company will make no debt repayments associated with this sale as the vessel is unencumbered.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:48 am

CVNA

JMP Securities analyst Nicholas Jones maintains an 'Outperform' rating on Carvana (NYSE:CVNA) and has raised the price target from $25 to $50.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:47 am

AEL

BNRE

American Equity Investment Life Holding Co (AEL) reported Q2 2023 sales of $2 billion, led by fixed index annuities business which totaled $1.9 billion, up 94% Q/Q and 141% Y/Y. The company also disclosed its acquisition by Brookfield Reinsurance Ltd (BNRE) for $4.3 billion last week. AEL shares closed higher by 0.38% at $53.11 after-hours on Tuesday.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 10:45 am

ACHC

COHR

KC

RDFN

SILK

TMC

Several stocks are moving lower in Wednesday's pre-market session, including Silk Road Medical, Coherent Corp., Redfin Corporation, TMC the metals company Inc., Kingsoft Cloud Holdings Limited, and Acadia Healthcare Company, Inc. Silk Road Medical's shares tumbled following a downgrade from JP Morgan. Coherent Corp. recently appointed a new Vice President. Redfin shares fell after a significant jump on Tuesday. TMC received a Buy rating from ThinkEquity. Acadia Healthcare is facing legal challenges following a jury verdict.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 10:40 am

BTCUSD

ETHUSD

Kimbal Musk, Elon Musk's brother, expressed his opposition to the environmental impact of cryptocurrencies in February 2022. He is involved in Big Green DAO, an Ethereum blockchain-based crypto collective focused on food equality. Bitcoin's closing price on February 28, 2022, was $43,169.34, a 14.5% increase for the day. As of now, Bitcoin is trading at $30,607.90. If one were to invest $100 in Bitcoin today and it reaches the levels observed in February, the investment would be worth $141, a gain of 41%.

Portfolio Pulse from Mehab Qureshi

July 12, 2023 | 10:35 am