Update: Israeli Stocks On U.S. Exchanges Have Outpaced Nasdaq And S&P 500 Since October 7/23

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An Introduction

The commencement of the Israel-Hamas War has only adversely affected the stock performances of 6 of the 15 Israeli-domiciled companies with market capitalizations of $2B or more that are listed on U.S. stock exchanges. In total, however, their returns have exceeded those of both the Nasdaq and the S&P 500 as of the close of business yesterday. 


Stock Returns Since October 7th, 2023

Below are the stock performances, in descending order, of those 15 companies since the war began on October 7th along with their respective company descriptions, market capitalizations in comparison to those of the 17.7% increase in the Nasdaq and the 16.5% return of the S&P 500: 

  1. Nova LTD. (NVMI): UP 56.5%
    • designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally.
    • Market Capitalization: $5.1B
  2. Teva Pharmaceutical Industries (TEVA): UP 48.4%
    • develops, manufactures, markets, and distributes generic medicines, specialty medicines, and biopharmaceutical products in North America, Europe, Israel, and internationally.
    • Market Capitalization: $14.7B
  3. CyberArk Software (CYBR): UP 42.8%
    • develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally.
    • Market Capitalization: $10.2B
  4. Nice Ltd. (NICE): UP 41.4%
    • provides cloud platforms for AI-driven digital business solutions worldwide.
    • Market Capitalization: $14.5B
  5. Wix.com Ltd. (WIX): UP 41.4%
    • operates as a cloud-based web development platform for registered users and creators worldwide. 
    • Market Capitalization: $6.9B
  6. Tower Semiconductor (TSEM): UP 38.9%
    • focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. 
    • Market Capitalization: $3.5B
  7. Camtek Ltd. (CAMT): UP 30.7%
    • develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. 
    • Market Capitalization: $3.8B
  8. monday.com (MNDY): UP 23.6%
    • develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.
    • Market Capitalization: $9.2B
  9. Check Point Software Technologies (CHKP): UP 16.2%
    • develops, markets, and supports a range of products and services for IT security worldwide.
    • Market Capitalization: $17.7B
  10. Elbit Systems (ESLT): DOWN 1.4%
    • develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. 
    • Market Capitalization: $9.0B
  11. Global-E Online Ltd. (GLBE): DOWN 9.3%
  12. ICL Group (ICL): DOWN 15.1%
  13. Mobileye Global (MBLY): DOWN 23.3%
  14. Playtika Holding Corp. (PLTK): DOWN 25.5%
  15. SolarEdge Technologies (SEDG): DOWN 50.1%
    • designs, develops, manufactures, and sells direct current optimized inverter systems for solar photovoltaic installations in the U.S., Germany, the Netherlands, Italy, rest of Europe, and internationally. 
    • Market Capitalization: $3.4B
    • News, Analysis and Commentary:


Summary

Six (6) of the above 15 small cap Israeli- domiciled companies listed on U.S. stock exchanges have declined since the war began on October 7th/23. On average, however, their returns were UP 20.1% which has exceeded those of both the Nasdaq and the S&P 500 which are UP 17.7% and UP 16.5%, respectively, since the close of business yesterday. 


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Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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