Photo by Taylor Brandon on Unsplash

The Israel-Hamas War is having a chilling affect on everything in Israel, including business. A personal email from a friend there attests,

"Things are very hectic here right now. We've all lost friends, have had to send family members off to war, and have to spend far too much in bomb shelters and when we're not, we're doing what we can to help others. Unfortunately, as you would expect, it is adversely affecting our work and that will likely continue until the war is over."

Israel's largest international companies will be looked to when the war is over. That's why we're watching what that "chilling affect" is doing to the performances of the stocks of the 15 companies headquartered in Israel with market capitalizations of $2B or more. Out of a total of 111 listed on Nasdaq, these 15 leaders were down 11.3%, on average, this time two weeks ago, as we reported then.

 In the rare bit of good news, those numbers have improved; now, since the Hamas-Israel War began on October 7th, their decline has improved to -8.2%, on average.

Individual company performances are detailed below in descending order:

1. CyberArk Software (CYBR): UP 7.8%
2. Check Point Software Technologies (CHKP): DOWN 0.1%
3. Nice Ltd. (NICE): DOWN 1.1%
4. Tower Semiconductor (TSEM): DOWN 2.0%
5. Wix.Com Ltd. (WIX): DOWN 2.9%
6. Teva Pharmaceutical Industries (TEVA): DOWN 4.6%
7. Global-E Online Ltd. (GLBE): DOWN 7.5%
8. Playtika Holding Corp. (PLTK): DOWN 7.6%
9. Elbit Systems (ESLT): DOWN 8.5%
10. Nova Measuring Instruments (NVMI): DOWN 9.3%
11. Israel Chemicals (ICL): DOWN 10.1%
12. Camtek Ltd. (CAMT): DOWN 10.8%
13. Mobileye Global (MBLY): DOWN 13.3%
14. monday.com Ltd. (MNDY): DOWN 16.8%
15. SolarEdge Technologies (SEDG): DOWN 39.0%

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