On Aug. 5, Zim Integrated Shipping Services Ltd. (NYSE: ZIM) was offering a dividend yield of 44.67% or $22.35 per share.
Since then, the Haifa, Israel-based company has fallen by roughly 51%, allowing the dividend yield to float to drastic levels.
The Consumer Price Index (CPI) data for September will be reported on Oct. 13 by the U.S. The Bureau of Labor Statistics. Analysts at JPMorgan Chase & Co and former U.S. Secretary of the Treasury Larry Summers weighed in on what is happening and what could happen.
The SPDR Select Sector Fund Utilities (ARCA: XLU) is down roughly 10% year-to-date and only invests in utility companies that are included in the S&P 500.
With gas futures surging after OPEC+ decided to cut 2 million barrels per day in oil production, many investors are preparing for a winter season with an oil and gas supply crunch.
Bank Of America analyst Chase Mulvehill upgraded NOV (NYSE: NOV) with a price target of $19.
Key Takeaways: "Trickle-down on the move; upgrade to Buy," Mulvehill said in a note.
Since the Energy Select Sector SPDR FUN (ARCA: XLE) is down roughly 16% over the past month, it may be a good time to shop around for oversold equities in the oil and gas sector. Although investors are concerned about a recession slowing down the economy, natural gas prices are still at record highs.
When Carl Icahn buys shares of stock, it's what is known as the “Icahn lift." This refers to the impact that the so-called "corporate raider" has on purchasing shares of an underlying company.