Hamas-Israeli War: US Exchange Listed Israeli Stocks Hit Hard
Photo by Taylor Brandon on Unsplash
111 Israeli companies trade on U.S. stock exchanges of which only 15 have market capitalization of $2B or more. How have they performed since the Hamas-Israeli War began on October 7th? Let;s find out.
Of those 15 stocks only 3 have advanced and, on average, the 15 are down 4% as of yesterday (7 trading days). The details are as follows:
- SolarEdge Technologies (SEDG): UP 3.0%
- Playtika Holding Corp. (PLTK): UP 2.4%
- CyberArk Software (CYBR): UP 2.2%
- Check Point Software Technologies (CHKP): DOWN 1.1%
- Nice Ltd. (NICE): DOWN 2.6%
- Israel Chemicals (ICL): DOWN 4.7%
- Wix.Com Ltd. (WIX): DOWN 5.2%
- Camtek Ltd. (CAMT): DOWN 6.0%
- Nova Measuring Instruments (NVMI): DOWN 6.2%
- Elbit Systems (ESLT): DOWN 6.5%
- Teva Pharmaceutical Industries (TEVA): DOWN 8.1%
- monday.com Ltd. (MNDY): DOWN 8.8%
- Global-E Online Ltd. (GLBE): DOWN 10.2%
- Tower Semiconductor (TSEM): DOWN 10.3%
- Mobileye Global (MBLY): DOWN 11.8%
On average, as mentioned in the introduction, the 15 stocks highlighted are DOWN 4% since the war began on October 7th and will be tracked weekly until the conflict is resolved.
As Christopher P. Thompson, CFA, MBA, P.Eng, President and Director of Equity Research at eResearch concluded in an excellent article entitled Navigating Geopolitical Risks in Israeli and Global Investments "Geopolitical risks can have significant impacts on investment decisions and outcomes. However, proper diversification, both by geography and sector, can mitigate some of these risks, ensuring a portfolio that can withstand geopolitical uncertainties."
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Disclosure: None
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